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Dynagas misses Street 3Q forecasts

MONACO (AP) _ Dynagas LNG Partners LP (DLNG) on Tuesday reported third-quarter earnings of $4 million.

On a per-share basis, the company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The gas shipping company posted revenue of $33.5 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $35.3 million.

Dynagas shares have fallen 15 percent since the beginning of the year. The stock has dropped 12 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLNG at https://www.zacks.com/ap/DLNG