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 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.