GasLog Partners declares Q2 2026 preferred distributions
GasLog Partners, an owner and operator of LNG carriers, declared quarterly cash distributions on its Series A, B and C preference units.
Rhea-AI Filing Summary
GasLog Partners, an owner and operator of LNG carriers, declared quarterly cash distributions on its Series A, B and C preference units. Holders of Series A units will receive $0.5390625 per unit, Series B holders $0.6250819 per unit and Series C holders $0.5917319 per unit.
The record date for all three series is June 8, 2026, with payment scheduled for June 15, 2026. GasLog Partners operates a fleet of seven wholly owned LNG carriers and three vessels on bareboat charters and is publicly traded while electing C corporation tax treatment for U.S. investors.
Positive
- None.
Negative
- None.
Key Figures
Series A distribution: $0.5390625 per preference unit
Series B distribution: $0.6250819 per preference unit
Series C distribution: $0.5917319 per preference unit
+5 more
8 metrics
Series A distribution
$0.5390625 per preference unit
Quarterly distribution payable June 15, 2026
Series B distribution
$0.6250819 per preference unit
Quarterly distribution payable June 15, 2026
Series C distribution
$0.5917319 per preference unit
Quarterly distribution payable June 15, 2026
Record date
June 8, 2026
Applies to Series A, B and C preference units
Payment date
June 15, 2026
Applies to Series A, B and C preference units
Wholly owned LNG carriers
7 vessels
Fleet size as described in company profile
Bareboat chartered vessels
3 vessels
Additional LNG carriers on bareboat charters
Average carrying capacity
164,000 cbm
Average capacity of LNG carrier fleet
Key Terms
Cumulative Redeemable Perpetual Fixed to Floating Rate, preference units, bareboat charters, master limited partnership, +1 more
5 terms
Cumulative Redeemable Perpetual Fixed to Floating Rate financial
"Series A Cumulative Redeemable Perpetual Fixed to Floating Rate"
preference units financial
"today announced the quarterly distributions on its preference units"
bareboat charters financial
"seven wholly-owned LNG carriers as well as three vessels on bareboat charters"
A bareboat charter is an arrangement where a person or company rents a boat entirely without a crew or additional services, essentially taking full control of the vessel as if it were their own. This type of leasing matters to investors because it can influence a company’s revenue and fleet utilization, affecting its profitability and financial stability in the maritime industry.
master limited partnership financial
"GasLog Partners is a publicly traded master limited partnership"
A master limited partnership is a type of business structure that combines features of a corporation and a partnership, allowing it to raise money from investors while passing profits directly to them. Think of it as a shared ownership group that offers regular income, making it attractive to investors seeking steady cash flow. This structure is often used by companies involved in natural resources or energy, where consistent revenue is common.
Form 1099 financial
"its investors receive an Internal Revenue Service Form 1099"
Form 1099 is a set of U.S. tax forms used by financial institutions and payers to report income paid to an individual or entity that isn’t a regular paycheck, such as dividends, interest, bond or stock sale proceeds, and certain miscellaneous payments. For investors it acts like a formal receipt summarizing taxable events for the year, so it matters for calculating tax liability, verifying broker statements, and keeping accurate records of after‑tax returns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What distributions did GasLog Partners (GLOP) declare on its preference units?
GasLog Partners declared quarterly cash distributions on its Series A, B and C preference units. Series A pays $0.5390625, Series B $0.6250819 and Series C $0.5917319 per preference unit, reflecting scheduled income to holders of these securities.
What are the record and payment dates for GasLog Partners’ 2026 preference distributions?
The record date for all three GasLog Partners preference series is June 8, 2026, and the payment date is June 15, 2026. Investors holding Series A, B or C units on the record date will be entitled to receive the announced quarterly distributions.
Which GasLog Partners preference series are covered by the May 2026 distribution announcement?
The announcement covers GasLog Partners’ Series A, Series B and Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units. Each series has a specific per-unit cash distribution amount but shares the same record date and payment date for this quarterly period.
How large is GasLog Partners’ LNG carrier fleet supporting these distributions?
GasLog Partners’ fleet consists of seven wholly owned LNG carriers and three vessels on bareboat charters, with an average carrying capacity of about 164,000 cubic meters. This LNG shipping fleet underpins the partnership’s ability to generate cash to support preference unit distributions.
How are GasLog Partners (GLOP) investors taxed on these preference unit distributions?
GasLog Partners has elected to be treated as a C corporation for U.S. income tax purposes. As a result, investors receive an Internal Revenue Service Form 1099 for any distributions declared and received, rather than the Schedule K-1 more typical of master limited partnerships.
AI-generated analysis. How Rhea-AI works. Not financial advice.
