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 (NYSE: GLOP) serves as a critical link in global energy infrastructure through its fleet of liquefied natural gas carriers. This dedicated news hub provides stakeholders with verified updates about corporate developments and operational milestones.
Access comprehensive coverage of strategic initiatives including merger activities, fleet management updates, and long-term charter agreements. Our curated collection eliminates the need to track multiple sources, offering investors a single reference point for material disclosures.
Key content areas include corporate restructuring announcements, operational efficiency reports, and partnership developments within the LNG transportation market. All information is sourced from official filings and press releases to ensure reliability.
Bookmark this page for streamlined access to GasLog Partners' latest communications. Regularly updated content supports informed analysis of this NYSE-listed partnership's position in the energy logistics sector.
GasLog Partners LP (NYSE: GLOP) has announced its quarterly distributions for preference units, effective in March 2022. The distributions are as follows:
- 8.625% Series A: $0.5390625 per unit, Record Date: March 8, Payment Date: March 15.
- 8.200% Series B: $0.5125 per unit, Record Date: March 8, Payment Date: March 15.
- 8.500% Series C: $0.53125 per unit, Record Date: March 8, Payment Date: March 15.
This announcement reflects GasLog Partners' commitment to providing returns to its investors.
GasLog Partners LP announced its annual meeting for limited partners will take place virtually on 12 May 2022. Unitholders of record as of 18 March 2022 will be eligible to vote at the meeting and any adjournments. A formal notice and proxy statement will be sent to unitholders shortly. GasLog Partners operates a fleet of 15 LNG carriers with an average capacity of approximately 158,000 cbm. The partnership is publicly traded under the symbol GLOP and operates as a C corporation for tax purposes.
GasLog Partners LP (NYSE: GLOP) reported its Q4 and full-year 2021 financial results, highlighting revenues of $88.2 million for Q4 and $326.1 million for the year. The Partnership experienced a net loss of $70.8 million in Q4, attributed to a non-cash impairment loss of $104 million on five vessels. Adjusted EBITDA for Q4 was $64.2 million, while annual adjusted profit reached $99.8 million. The company repurchased $6 million of preference units in Q4, totaling $18.4 million for 2021. A cash distribution of $0.01 per common unit was declared for Q4 2021, signaling ongoing shareholder returns.
GasLog Partners LP (NYSE: GLOP) will announce its fourth quarter 2021 financial results on January 27, 2022, before market opening.
A conference call with senior management will occur at 8:30 a.m. EST on the same day, covering the operational and financial performance, followed by a Q&A session.
Dial-in numbers for the call include: +1 855 253 8928 (USA) and +44 20 3107 0289 (UK), among others. A live webcast will be available on the company’s Investor Relations page, with a replay offered afterward.
GasLog Ltd. announced the retirement of its CEO, Paul Wogan, effective March 9, 2022. Wogan will assist in a smooth transition until June 30, 2022. The board has appointed Paolo Enoizi, currently COO and CEO of GasLog Partners, as the new CEO starting March 10, 2022. Chairman Peter Livanos thanked Wogan for his decade of leadership that positioned GasLog among the top LNG shipping companies. Enoizi's previous experience suggests a promising future for the company.
GasLog Ltd. has announced the order of four new 174,000 cubic meter liquefied natural gas carriers, featuring advanced MEGI propulsion technology, from Daewoo Shipbuilding and Marine Engineering. These vessels are scheduled for delivery in 2024 and 2025. Currently, GasLog operates a fleet of 39 LNG carriers, including 35 in the water and four under construction. The company aims to support international energy companies in their LNG logistics chain.
GasLog Partners LP (NYSE: GLOP) announced its quarterly distributions on preferred units, detailing payments for three series of cumulative redeemable perpetual preference units. The Series A units will distribute $0.5390625 per unit, Series B units $0.5125, and Series C units $0.53125. All distributions are set for December 15, 2021, with a record date of December 8, 2021.
This announcement reflects the company's ongoing commitment to returning value to shareholders through consistent distributions.
GasLog Ltd. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares. This dividend will be payable on January 3, 2022, to all shareholders on record as of December 31, 2021. GasLog operates a fleet of 35 LNG carriers, with 17 owned directly by the company. This announcement underscores the company’s commitment to returning value to shareholders while continuing to support international energy logistics.
GasLog Partners LP (NYSE: GLOP) reported strong financial results for Q3 2021, with revenues reaching $80.5 million, a 11% increase year-over-year. Profit surged to $26.5 million, a 123% rise, and earnings per unit hit $0.37, up 311%. The Partnership signed a one-year time charter with TotalEnergies and extended a contract with Trafigura. Significant debt repayments of $36.1 million were made in Q3, totaling $90.9 million for the year. A cash distribution of $0.01 per common unit was declared. The LNG market showed growth with global demand at 92 million tonnes, leading to increased charter rates.
GasLog Partners LP has announced the sale and leaseback of the GasLog Shanghai to China Development Bank Leasing for $120 million, generating approximately $20 million in net liquidity. The vessel, a 155,000 cbm LNG carrier built in 2013, will be bareboat chartered back for five years, ending in October 2026. CEO Paolo Enoizi stated that this move will enhance the Partnership's cost base efficiency while maintaining operational control of the vessel. The Partnership expects strong demand for LNG and LNG shipping as the industry transitions to greener fuel sources.
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