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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 Partners LP (NYSE: GLOP) will announce its third-quarter 2021 financial results on October 27, 2021, before market opening. A conference call is scheduled for 8:30 a.m. EDT on the same day, featuring a review of operational and financial performance by senior management. Interested participants can join via dial-in numbers listed for various regions, or they can access a live webcast on the Investor Relations page of GasLog Partners' website. A replay will also be available for those unable to attend.
GasLog Partners LP (NYSE: GLOP) announced its quarterly distributions on preference units for Q3 2021. The distributions are as follows: $0.5390625 for the 8.625% Series A units, $0.5125 for the 8.200% Series B units, and $0.53125 for the 8.500% Series C units. The record date for all distributions is September 8, 2021, with payment on September 15, 2021. GasLog Partners operates a fleet of 15 LNG carriers, focusing on growth in the LNG sector.
GasLog Partners LP (NYSE: GLOP) reported Q2 2021 results with revenues of $70.4 million, a 17% decline from Q2 2020. Profit surged to $14.7 million, up 79%. Earnings per unit improved to $0.14, a 1300% increase. The company secured three new multi-month charters, achieving 100% charter coverage for 2021 and 69.2% for 2022. Debt repayment totaled $54.8 million in 2021. A cash distribution of $0.01 per common unit was declared. Liquidity remains stable, with $119.8 million in cash and equivalents.
GasLog Partners (NYSE: GLOP) will release its Q2 2021 financial results on July 27, 2021, before market opening. A conference call hosted by senior management will occur at 8:30 a.m. EDT to discuss operational and financial performance, followed by a Q&A session. Dial-in numbers are provided for various regions, and a live webcast will be accessible on their Investor Relations page. For those who miss the call, a replay will be available online.
GasLog Partners LP (NYSE: GLOP) announced leadership changes effective August 1, 2021. Paolo Enoizi, currently the Chief Operating Officer, has been appointed as the Chief Executive Officer of the Partnership, succeeding Paul Wogan, who will remain CEO of GasLog. The Board expressed confidence in Enoizi's ability to enhance operational efficiency and competitiveness. Wogan thanked the team for navigating challenges during his tenure. GasLog Partners operates a fleet of 15 LNG carriers, focusing on growth in the LNG sector.
GasLog Partners LP (GLOP) announced a new time charter agreement for the Methane Heather Sally with a subsidiary of Cheniere Energy, effective last week. This charter is for a minimum of one year, with an extension option for up to two additional years until late August. The Methane Heather Sally is a 145,000 cbm steam turbine LNG carrier built in 2007. CEO Paul Wogan emphasized that this agreement strengthens their relationship with a major LNG producer and enhances revenue visibility, supporting the company's 2021 deleveraging strategy.
GasLog Partners LP (NYSE: GLOP) announced two new time charter agreements with major energy producers. The GasLog Sydney will enter a one-year charter with Total S.A., starting this week. Concurrently, the Solaris will begin an approximately 8-month charter with Royal Dutch Shell plc after its current contract ends in late July 2021. Both agreements are at fixed daily rates, enhancing revenue visibility and cash flow. CEO Paul Wogan highlighted the positive impact of these deals on the partnership's operational leverage amid a strengthening LNG carrier spot market.
GasLog Partners LP (NYSE: GLOP) announced quarterly distributions for its preference units on May 14, 2021. The distributions are:
- 8.625% Series A: $0.5390625 per preference unit, record date June 8, payment date June 15.
- 8.200% Series B: $0.5125 per preference unit, record date June 8, payment date June 15.
- 8.500% Series C: $0.53125 per preference unit, record date June 8, payment date June 15.
GasLog Partners operates a fleet of 15 LNG carriers, maintaining an average capacity of 158,000 cbm.
GasLog Partners LP (NYSE: GLOP) announced the election of Daniel R. Bradshaw as a Class III Director during its annual meeting on May 13, 2021. He will serve until the 2024 annual meeting. Additionally, limited partners ratified the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year ending December 31, 2021. GasLog Partners focuses on owning, operating, and acquiring LNG carriers, with a fleet of 15 vessels averaging approximately 158,000 cbm capacity.
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