Welcome to our dedicated page for Gaslog Partners Lp news (Ticker: GLOP), a resource for investors and traders seeking the latest updates and insights on Gaslog Partners Lp stock.
GasLog Partners LP (NYSE: GLOP) serves as a critical link in global energy infrastructure through its fleet of liquefied natural gas carriers. This dedicated news hub provides stakeholders with verified updates about corporate developments and operational milestones.
Access comprehensive coverage of strategic initiatives including merger activities, fleet management updates, and long-term charter agreements. Our curated collection eliminates the need to track multiple sources, offering investors a single reference point for material disclosures.
Key content areas include corporate restructuring announcements, operational efficiency reports, and partnership developments within the LNG transportation market. All information is sourced from official filings and press releases to ensure reliability.
Bookmark this page for streamlined access to GasLog Partners' latest communications. Regularly updated content supports informed analysis of this NYSE-listed partnership's position in the energy logistics sector.
GasLog Partners LP (NYSE: GLOP) announced its financial results for Q1 2023, reporting revenues of $99.1 million, up by 16% year-over-year, with a profit of $36.4 million. Quarterly earnings per unit (EPU) were $0.56, while adjusted profit surged 39% to $39.3 million. A notable transaction includes a merger agreement with GasLog to acquire outstanding common units at $8.65 per unit, pending unitholder approval. The Partnership also completed a sale-leaseback of the GasLog Sydney for $140 million. Despite increased revenues, financial costs doubled to $17.4 million driven by higher interest rates. The cash distribution for Q1 was set at $0.01 per unit, with expectations for operational efficiency and debt repayment supporting a strengthened balance sheet.
GasLog Partners LP (NYSE: GLOP) will release its financial results for Q1 2023 before the market opens on April 27, 2023. Following the announcement, a conference call will take place at 8:00 a.m. EDT to discuss the results, where management will review operational and financial performance. Investors can access a live webcast of the call via the Investor Relations page on the GasLog Partners website. For those unable to attend live, a replay of the webcast will also be available. As a reminder, GasLog Partners operates a fleet of LNG carriers, comprising eleven wholly-owned carriers and three on bareboat charters, averaging 159,000 cbm capacity.
Tourlite Capital Management has urged the Board of Directors of GasLog Partners LP (NYSE: GLOP) to reconsider the
Their analysis cites that GasLog’s EBITDA projections have notably improved and a reduction in net leverage adds substantial equity value. Furthermore, they argue that the proposed distribution is misleading compared to historical dividends.
GasLog Ltd. and GasLog Partners LP have announced a definitive merger agreement whereby GasLog will acquire all outstanding common units of GasLog Partners not owned by it, at a price of $8.65 per unit. This price includes a special distribution of $3.28 per unit to unitholders and represents a 24% premium to the last trading price before the initial offer and a 31% premium to the 30-day volume-weighted average price. The merger has been unanimously approved by GasLog Partners' Conflicts Committee and Board, who recommend unitholder approval. GasLog, which owns 30.2% of GasLog Partners, has agreed to support the merger. The transaction is expected to close by the end of Q3 2023, pending approval from the majority of common unit holders and other customary conditions.
GasLog Partners LP (NYSE: GLOP) announced the filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission. This report, accessible via the Partnership's website, includes complete audited financial statements for 2022. GasLog Partners operates a fleet of 12 wholly-owned LNG carriers and two bareboat chartered vessels, averaging approximately 159,000 cbm carrying capacity. The Partnership is treated as a C corporation for U.S. tax purposes, with unitholders receiving Form 1099 for distributions. For more details, visit their Investor Relations page.
