ATHENS, Greece (AP) _ Dynagas LNG Partners LP (DLNG) on Thursday reported first-quarter net income of $7 million.
The Athens, Greece-based company said it had profit of 11 cents per share. Earnings, adjusted for amortization costs, were 12 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The gas shipping company posted revenue of $34.5 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $1.85. A year ago, they were trading at $2.02.