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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) announced its Q1 2021 results, reporting revenues of $87.1 million, a 5% decrease year-over-year, and a profit increase of 150% to $35.4 million. The quarterly earnings per unit (EPU) rose to $0.57. Key metrics include an Adjusted EBITDA of $64.1 million and a cash distribution of $0.01 per unit. The company improved charter coverage to 75% for 2021. Financial refinements were noted with a decrease in financial costs and operational efficiencies, supporting liquidity and debt repayment strategies amid market volatility.
GasLog Partners has declared a cash distribution of $0.01 per common unit for Q1 2021. This distribution is payable on May 13, 2021, to shareholders on record as of May 10, 2021. The Partnership focuses on owning and operating Liquefied Natural Gas (LNG) carriers, with a fleet of 15 vessels averaging 158,000 cbm in carrying capacity. GasLog Partners is publicly traded under the ticker GLOP and operates as a C corporation for tax purposes, providing investors with a Form 1099 for distributions.
GasLog Partners LP (NYSE: GLOP) announced its financial results for Q1 2021 will be released on May 6, 2021, before market opening. The partnership will hold a conference call at 8:30 a.m. EDT to discuss its operational and financial performance. Dial-in numbers are provided for various countries, and a live webcast will be available on the company's Investor Relations page. GasLog Partners operates 15 LNG carriers, focusing on growth in the LNG sector.
GasLog Partners LP (NYSE: GLOP) announced a change in certified accountants with the engagement of Deloitte Certified Public Accountants S.A. for the fiscal year ending December 31, 2021. This decision follows the expiration of the previous engagement with Deloitte LLP, which did not express any adverse opinions on recent financial statements. The change is subject to unitholder approval at the upcoming annual general meeting. GasLog Partners operates a fleet of 15 LNG carriers, averaging 158,000 cbm capacity.
GasLog Partners has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report is available on their website under the Investor Relations section. Unitholders can request a hard copy of the report, which includes audited financial statements, free of charge by contacting the company directly. GasLog Partners operates a fleet of 15 LNG carriers with an average capacity of 158,000 cbm and is publicly traded under the ticker GLOP.
GasLog Partners LP (GLOP) reported its financial results for Q4 and FY 2020, maintaining its corporate structure post-strategic review. In Q4, revenues decreased by 12% to $85.0 million, with a profit of $22.6 million and earnings per unit of $0.31. Annual revenues were $333.7 million, down from $378.7 million in 2019. The partnership repaid $18.8 million in debt during the quarter, totaling $107.3 million for the year, while cash distribution remained at $0.01 per unit. New charters with Cheniere are expected to enhance coverage for 2021 and 2022.
GasLog Partners LP has scheduled its annual meeting of limited partners for May 13, 2021, to be held virtually. Unitholders on record as of March 22, 2021, will be entitled to vote at this meeting. Formal notice and proxy statements will be distributed to unitholders soon.
GasLog Partners is a prominent owner and operator of LNG carriers, with a fleet of 15 vessels averaging 158,000 cbm in capacity. It is publicly traded under the symbol GLOP and has opted for C corporation tax treatment for U.S. purposes.
GasLog Partners LP (NYSE: GLOP) announced quarterly distributions on its preference units, effective March 15, 2021. The distributions are as follows:
- 8.625% Series A: $0.5390625 per unit
- 8.200% Series B: $0.5125 per unit
- 8.500% Series C: $0.53125 per unit
The record date for all preference units is set for March 8, 2021. GasLog Partners operates a fleet of 15 LNG carriers and is known for its growth-oriented approach within the LNG sector.
GasLog Ltd. and GasLog Partners LP are set to release their fourth-quarter 2020 financial results on February 22, 2021. The companies will conduct a joint conference call at 8:30 a.m. EST to discuss these results. This call will include operational and financial reviews, with separate Q&A sessions for each company. Interested parties can join via dial-in numbers provided for various countries and an investor relations webcast will also be available for those unable to participate live.
GasLog Partners LP (NYSE: GLOP) has appointed Roland Fisher as an Independent Director of its Board, effective immediately. Fisher is the founder of Gasfin Development, notable for its mid-scale LNG infrastructure projects. He has experience as CFO at TGE Group and has held private equity roles with Caledonia Investments and Actis. Fisher's extensive background in LNG and capital markets is expected to enhance the Board's expertise during a transitional period for GasLog Partners, which operates a fleet of 15 LNG carriers.
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