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GasLog Partners LP (NYSE: GLOP) is a growth-oriented limited partnership specializing in the ownership, operation, and acquisition of liquefied natural gas (LNG) carriers. The company’s operations are crucial for transporting LNG worldwide, ensuring the steady supply of this vital energy resource.
Core Business: GasLog Partners owns a fleet of LNG carriers, comprising eleven wholly-owned vessels and three on bareboat charters, with an average carrying capacity of approximately 159,000 cbm. These carriers are pivotal in the international LNG supply chain, transporting natural gas in its liquid state from producers to consumers.
Recent Achievements: On July 7, 2023, GasLog Partners announced a significant merger. The common unitholders approved a merger with GasLog Ltd., the parent company, to acquire all outstanding common units of the partnership not beneficially owned by GasLog Ltd. This merger is set to close around July 13, 2023, and involves a special cash distribution of $3.28 per common unit.
Current Projects: The partnership is actively managing its fleet to maintain high operational standards. Current efforts include ensuring the efficiency and safety of LNG transport operations to meet global energy needs.
Financial Condition: GasLog Partners is financially stable, with structured revenue streams from long-term charters. The merger with GasLog Ltd. is anticipated to further strengthen the financial posture by integrating resources and enhancing operational efficiencies.
Partnerships: The partnership operates closely with GasLog Ltd., leveraging synergies to optimize fleet operations. This strategic alliance enables better management of assets and access to broader market opportunities.
Products: The primary product of GasLog Partners is its LNG transportation service. By utilizing state-of-the-art carriers, the company ensures safe and efficient delivery of LNG to its clients across the globe.
For more details and the latest updates, visit the official website at http://www.gaslogmlp.com or contact their representative.
GasLog Ltd. has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022, available on its website. The report includes comprehensive audited financial statements for 2022. Additionally, the company declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares. This dividend is payable on April 3, 2023, with a record date of March 31, 2023.
GasLog operates a fleet of 38 LNG carriers, supporting international energy companies in their LNG logistics. The fleet includes vessels on the water, under construction, and in conversion.
GasLog Partners LP (NYSE: GLOP) reported strong financial results for Q4 and the full year ended December 31, 2022. Quarterly revenues reached $105.0 million, a 19% increase year-over-year, with profits of $40.6 million. For the year, revenues totaled $371.0 million, with annual profit soaring to $119.0 million, marking a remarkable turnaround from a loss of $70.8 million in Q4 2021. The partnership extended key charters significantly, securing approximately $729.0 million in future contracted revenues. An unsolicited acquisition proposal from GasLog Ltd. at $7.70 per common unit reflects market valuation efforts. Additionally, cash distribution of $0.01 per common unit was declared for Q4 2022.
GasLog Partners LP (NYSE: GLOP) has received an unsolicited non-binding acquisition proposal from GasLog Ltd. The offer entails a cash value of $7.70 per common unit, which includes a special distribution of $2.33 per unit prior to the transaction's closing. The Partnership's board has authorized its conflicts committee, composed of non-affiliated directors, to evaluate this proposal. The outcome remains uncertain as the proposal is non-binding and contingent upon the execution of definitive agreements. GasLog Partners operates a fleet of 12 wholly-owned LNG carriers and is publicly traded as a master limited partnership.
GasLog Partners LP (NYSE: GLOP) will announce its fourth quarter 2022 financial results on January 26, 2023, before market opening. A conference call is scheduled for 8:00 a.m. EDT the same day, where senior management will discuss the company's operational and financial performance. Investors can access the call via a live webcast on the GasLog Partners investor relations webpage. A replay will also be available afterwards. GasLog Partners operates a fleet of 13 LNG carriers and has elected to be treated as a C corporation for tax purposes, affecting how distributions are reported to investors.
GasLog Partners LP (NYSE: GLOP), an international LNG carrier operator, announced that upcoming U.S. Treasury and IRS regulations effective January 1, 2023, will not impact its unitholders. These regulations require a 10% tax withholding on non-U.S. partners’ interests in publicly traded partnerships taxed as partnerships. However, GasLog Partners has opted for C corporation status for U.S. federal tax, exempting its interests from these regulations. This decision ensures that international investors face no additional tax implications regarding their holdings.
GasLog Ltd. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares. The dividend is payable on January 3, 2023 to shareholders of record by December 30, 2022. GasLog operates a fleet of 38 LNG carriers, enhancing its support for international energy companies. The company aims to maintain a strong position in the LNG logistics chain, underlining its commitment to shareholder returns.
GasLog Partners LP (NYSE: GLOP) reported robust financial results for Q3 2022, with revenues of $95.7 million, a 19% increase from the previous year. Profit surged by 61% to $42.7 million, with earnings per unit (EPU) at $0.69. Highlights include new time charter agreements that are expected to generate an additional $134.0 million in EBITDA. The company also completed a significant sale and lease-back transaction for $50.0 million, enhancing cash flow. Cash and cash equivalents stood at $139.0 million as of September 30, 2022.
GasLog Partners LP (NYSE: GLOP) announced its financial results for the third quarter of 2022 will be released before market opens on October 27, 2022. A conference call to discuss the results will be held at 8:00 a.m. EDT on the same day, featuring a review of operational and financial performance by senior management, followed by a Q&A session. A live webcast will be available on the Investor Relations page of the GasLog Partners website. Registration for the conference call is required for dial-in access, with a replay accessible later on their site.
GasLog Partners LP (NYSE: GLOP) reported its Q2 2022 financial results, showing revenues of $84.9 million, a 21% increase from Q2 2021. Adjusted profit surged to $26.3 million, up 107%, driven by higher spot market demand and successful charter agreements for two vessels. However, net profit decreased to $0.8 million due to a $28 million impairment loss. The partnership repurchased $8.7 million in preference units and reduced debt by $19.9 million. A cash distribution of $0.01 per common unit was declared for Q2 2022.
GasLog Partners LP (NYSE: GLOP) will announce its financial results for Q2 2022 on July 28, 2022, before market opening. A conference call with senior management will follow at 8:00 a.m. EDT to discuss the operational and financial performance, accompanied by a Q&A session. Dial-in numbers for the call are provided for various regions, and a live webcast will be accessible on their Investor Relations page. GasLog Partners, which operates LNG carriers, manages a fleet of 14 vessels and one charter vessel.
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