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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 a cash distribution of $0.01 per common unit for Q4 2020. This distribution is set to be paid on February 11, 2021, for shareholders of record as of February 8, 2021. The company operates a fleet of 15 LNG carriers with an average capacity of approximately 158,000 cbm.
GasLog Partners LP (NYSE: GLOP) announced the resignation of Robert B. Allardice III from its board of directors as of January 24, 2021, citing personal reasons. Following his departure, Mr. Curt Anastasio, Chairman of the Board, will serve as interim Chairman of the Audit Committee. Anastasio expressed gratitude for Allardice's contributions since joining in October 2014. The board now consists of four members, and it is actively seeking candidates to fill the vacated seat.
GasLog Partners LP (NYSE: GLOP) announced its quarterly distributions on preference units, revealing amounts for three series:
- Series A: $0.5390625, Record Date: December 8, 2020, Payment Date: December 15, 2020
- Series B: $0.5125, Record Date: December 8, 2020, Payment Date: December 15, 2020
- Series C: $0.53125, Record Date: December 8, 2020, Payment Date: December 15, 2020
This announcement underscores GasLog Partners' commitment to returning capital to its investors through these distributions.
GasLog Ltd. and GasLog Partners LP will release their third quarter 2020 financial results before the market opens on November 10, 2020. A joint conference call will follow at 8:30 a.m. EST, where senior management will discuss operational and financial performance. Dial-in numbers for the call are provided, and a live webcast will be accessible on their respective Investor Relations pages. GasLog operates a fleet of 35 LNG carriers, while GasLog Partners focuses on owning and operating LNG carriers.
GasLog Partners LP (NYSE: GLOP) announced quarterly distributions on its preference units.
- 8.625% Series A: $0.5390625 per unit, Record Date: September 8, 2020, Payment Date: September 15, 2020
- 8.200% Series B: $0.5125 per unit, Record Date: September 8, 2020, Payment Date: September 15, 2020
- 8.500% Series C: $0.53125 per unit, Record Date: September 8, 2020, Payment Date: September 15, 2020
GasLog Partners, based in Piraeus, Greece, operates a fleet of 15 LNG carriers under multi-year charters.
GasLog Partners LP (GLOP) announced changes in its senior management and board of directors. Andy Orekar will step down as CEO effective September 15, 2020, with Paul Wogan appointed as his successor starting September 16, 2020. The board will reduce in size from seven to five members, with several directors stepping down immediately. These changes will lead to an annual cost saving of approximately $3 million starting in 2021 due to the closure of the Stamford office and the relocation of the CEO role to Greece.
GasLog Ltd. and GasLog Partners LP will announce their Q2 2020 financial results on August 5, 2020, prior to market opening. A joint conference call is scheduled for 8:30 a.m. EDT on the same day, where senior management will discuss operational and financial performance, followed by a Q&A session. Dial-in numbers are provided for various regions including the USA, UK, France, Hong Kong, and Oslo. A live webcast will be available on the companies' investor relations pages, along with a replay for those unable to attend.
GasLog Partners LP (GLOP) has announced its quarterly distributions on preference units for Q2 2020. Holders of the 8.625% Series A, 8.200% Series B, and 8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units will receive distributions of $0.5390625, $0.5125, and $0.53125 per unit, respectively. The record date for these payments is June 8, 2020, with payments scheduled for June 15, 2020. GasLog Partners focuses on owning and operating LNG carriers, with a fleet of 15 vessels.
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