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 (GLOP) has been an international owner, operator and acquirer of liquefied natural gas (LNG) carriers, and its news flow reflects developments in LNG shipping, capital structure decisions and corporate transactions. Company press releases have regularly covered quarterly and annual financial results, charter activity for specific LNG carriers and changes in its security profile.
News items for GasLog Partners include announcements of time charter extensions for tri‑fuel diesel electric and steam LNG carriers, sale and lease‑back transactions for individual vessels, and updates on revenues, profit measures and operating costs. The partnership has also reported on distributions for its Series A, Series B and Series C cumulative redeemable perpetual fixed to floating rate preference units, as well as activity under its preference unit repurchase program.
A major theme in recent coverage is the Agreement and Plan of Merger with GasLog Ltd. Press releases dated April 6, 2023 and July 7, 2023 describe the proposed acquisition of all outstanding common units not beneficially owned by GasLog, the voting results of the special meeting of common unitholders and the declaration of a special cash distribution. On July 13, 2023, GasLog Partners announced the closing of the acquisition by GasLog Ltd. and the suspension of trading in its common units on the New York Stock Exchange, with delisting expected.
Investors and observers using this news page can review how GasLog Partners communicated its financial performance, fleet management decisions, distribution policies and the steps leading to the acquisition of its publicly held common units. The archive of press releases and related reports provides context on the partnership’s role in LNG shipping and its transition following the merger with GasLog Ltd.
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.