Dynagas tops Street

George Procopiou’s Dynagas Partners has reported a slightly stronger than expected first quarter performance.

Nasdaq-listed Dynagas booked a profit of $11m for the quarter, down by $200,000 on the same stretch of 2013.

Dynagas explains the change in performance was influenced by the additional $600,000 charge of being a public company, which it was not at this point last year

Earnings per share of $0.37 edged a penny ahead of the figure expected on Wall Street.

Its LNG carriers earned $77,700 per day in the quarter, which it says is substantially the same as 12 months ago.