Gaslog partners lp reports financial results for the threemonth period ended june 30, 2017 and increases cash distribution briefgaslog partners announces acquisition of gaslog geneva from. Gaslog partners went public this year to accelerate the growth of the consolidated fleet and offers investors an attractive yield and is targeting a 1015% cagr of lp distribution per unit from. Only individuals with an active subscription will be able to access the full article. Gaslog partners lp glop q4 2019 earnings call transcript the. The company was founded in 2014 and is based in monaco. The company provides support to international energy companies as part of their lng.
Gaslog partners lp reports financial results for the threemonth period ended june 30, 2017 and increases cash distribution. The companys fleet consists of 14 lng carriers with an average carrying capacity of approximately 157,000 cubic meters cbm, each of which has a multiyear time charter. Gaslog partners lp is a limited partnership which is primarily engaged in the ownership, operation, and acquisition of lng liquefied natural gas, carriers engaged in lng transportation under longterm charters. Are you suggesting that will buy glop below book value. The gaslog telemetry system has an open architecture and flexible modular components that adapt to most gas and liquid distribution business needs. Only individuals with an active subscription will be able to access the full. Find the top 100 most popular items in amazon books best sellers. Gaslog partners distribution growth running out of steam. Glop gaslog partners or the partnership and gaslog ltd. Gaslog partners plunges after 78% dividend cut nyse. Gaslog remote monitoring for propane, fuel oil and industrial gas applications. Gaslog partners lp is a limited partnership company. Upon closing of the acquisition, gaslog partners fleet will consist of 12 lng carriers with an average carrying capacity of approximately 154,000 cbm gaslog partners principal executive offices. Book value is a widely used stock evaluation measure.
The company focuses on owning, operating and acquiring liquefied natural gas lng carriers under multiyear charters. Gaslog partners lp owns, operates, and acquires liquefied natural gas lng carriers under multiyear charters. Assumes book value as of december 31, 2019 with current depreciation rates. Gaslog partners lp 2,750,000 common units representing limited partner interests we are selling 2,750,000 of our common units. The company was founded on january 23, 2014 and is headquartered in monaco. Gaslog partners lp generates higher returns on investment than it costs the. Strong potential upside even without any future distribution growth. In depth view into gaslog partners price to book value including historical data from 2014, charts, stats and industry comps. Cagr of book equity value in gaslog glasgow by end 2021 c. Gaslog partners lps annualized return on invested capital roic % for the quarter that ended in dec. Gaslog partners lp unit is a leading dividend payer. Setting the stage, andy will talk to you about the book values of the steam fleet and rebasing the level of distributions. Gaslog partners lp engages in the owning, operating, and acquiring of liquefied natural gas carriers. As of october 30, 2019, it operated a fleet of 15 lng carriers with an average carrying capacity of approximately 158,000 cubic meters.
Gaslogs consolidated fleet includes 11 lng carriers in operation owned by gaslogs subsidiary, gaslog partners. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. Information about which etfs are holding the stock glop, gaslog partners lp, from etf channel. Partners book distributing to close publishers weekly. Gaslog partners lp reports financial results for the threemonth period and the year ended december 31, 2019 and declares cash distribution. Distribution of partnership income double entry bookkeeping.
Gaslog partners lp glop q4 2019 earnings call transcript. The capital of partner a is reduced by the drawings of 5,000. Gaslog partners lp glop ceo andrew orekar on q4 2019. Gaslog partners buys a third lng carrier from sponsor add a personalized message to your email. Nyse realtime stock quotes, news and financial information from cnbc. Declared, exdate, record, payable, amount, currency. Gaslog partners yield at ipo assumes ipo offering price.
Gaslog partners lp master limited partnership description including k1 and tax status, operating regions, subordinated shares, incentive distribution rights, management teams and. So gaslog partners is has a lot of liquidity now going forward post the distribution cut. Gaslog partners lp announces availability of its annual report on form 20f for the year ended december 31, 2019 globe newswire 0303 16. We have granted the underwriter an option to purchase up to 412,500 additional common units. Gaslog partners lp master limited partnership dividend and distribution history, distribution yield, quarterly distribution growth and annual distribution growth. Glog gaslog announced today that they have entered into an agreement for the partnership to purchase from gaslog 100% of the shares in the entity that owns and charters gaslog greece the acquisition. Our common units are traded on the new york stock exchange under the symbol glop.
Gaslog partners lp company facts, information and stock details by marketwatch. Q4 2019 gaslog ltd and gaslog partners lp earnings call. Monaco apr 21, 2020 thomson streetevents edited transcript of gaslog ltd earnings conference call or presentation thursday, february 6. Gaslog partners lp announces acquisition of solaris from. Gaslog partners lp glop today announced the quarterly distributions on its preference units as follows. Gaslog partners increases distribution lloyds list. As of today 20200504, gaslog partners lps wacc % is 5. Gaslog partners lp stock price, quote and news cnbc. Its a total endtoend solution that includes field equipment and remote communications, with web based applications and gateways for integration with back office applications. Glop stock gaslog partners lp partnership units stock. The dividend payout ratio of gaslog partners lp unit is 123. Gaslog partners buys a third lng carrier from sponsor.
Find the latest price book value for gaslog partners lp glop. Gaslog partners lp master limited partnership ticker glop. In depth view into gaslog partners lp pricetotangiblebook explanation, calculation, historical data and more. In depth view into gaslog partners lp dividend yield % explanation, calculation, historical. Tasioulas named new cfo at gaslog, gaslog partners 0507207. Find the latest book value for gaslog partners lp glop. Find the latest gaslog partners lp glop stock quote, history, news and other vital information to help you with your stock trading and investing. We are a growthoriented limited partnership formed to own, operate and acquire liquefied natural gas lng carriers under longterm charters. Gaslog partners lp reports financial results for the threemonth period ended march 31, 2020 and declares cash distribution may. Gaslog partners glop is a growthoriented master limited partnership focused on owning, operating and acquiring lng carriers under multiyear charters. And its certainly going to open today at a much lower level. Edited transcript of glog earnings conference call or. Gaslog solutions provide timely and accurate tank level, location and temperature information to help distribution teams drive down delivery costs, eliminate runouts and zero liter deliveries whilst increasing customer satisfaction. Gaslog partners lp unit has been increasing its dividend for 5 years.
Gaslog partners lp declares distributions on series a, b and c preference units. Gaslog ltd and gaslog partners lp announce chief financial officer transition. The gaslog telemetry system provides continuous logging of gas and liquid levels, usage, pressure, temperature and other status information from remote locations through existing telecommunications networks. Gaslog partners and gaslog announced that they have approved entering into an agreement for the partnership to purchase from gaslog 100% of the shares in the entity that owns and charters solaris. Gaslog partners increases distribution 27 jul 2017. After 32 years, partners book distributing will stop shipping orders on friday, april 1. Price book value is a widely used stock evaluation measure. Gaslog partners to buy lng carrier solaris shipping herald. Gaslog partners lp declares distributions on series a, b and c. Paul wogan, chief executive officer of gaslog, stated, we continue to execute on our strategy of dropping vessels into gaslog partners at a premium to. And gaslog partners lp q4 and fullyear 2019 results 6 february 2020.
Find the latest price book value for gaslog lp glog. Gaslog partners says the distribution cut will strengthen its balance sheet, saving. Gaslog offered mixed comments on the state of the market, announced major impairment charges, and slashed its distribution. Gaslog has only traded publicly traded for four years, so it doesnt have much of a track record, but its short distribution history looks impressive. The companys fleet consists of nearly eight lng carriers, including vessels and steam vessels that operate under long. A single company, founded by vicky eaves and sam speigel, which operated as two separate regional. Conservative coverage ratio maintained post 10 distribution increase distribution coverage ratio 1. If the net income of the partnership was 40,000 but partner b had a salary of 15,000, then the amount to be distributed equally would be 40,000 15,000 25,000, so each partner would receive 25,000 2 12,500. Gaslog partners lp glop stock price, quote, history. Glop q3 2020 earnings conference call february 06, 2020, 08. Since it began paying one in august 2014, the partnership has raised its payout on eight occasions.
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