Dividend payout rate of 203% of earnings--doesn't sound too sustainable . . .
Outstanding conference call and great outlook. I especially liked the 20% increase in day rates on one of the ships. Gotta love that divi!
That's because you are using the wrong metrics. GAAP earnings are irrelevant for an MLP (depreciation on a ship is pretty high). You need to look at dcf instead. The fact that it pays a distribution not a dividend should have given you a clue.