GasLog Partners LPGLOP-PA

NYSEIndustrialsWater Transportation
Price (close)
$25.43
Market cap
—
P/E
—
Revenue (FY)
$278.2M
Net income
-$20.2M
Dividend yield
8.48%
1-year total return
7.1%
Net margin
-7.2%
Revenue growth
-21.9%
Debt / equity
—

What GasLog Partners LP does.

Since our IPO in May 2014, we have been an owner, operator and acquirer of LNG carriers. The Partnership’s owned and bareboat fleet consists of 11 LNG carriers, ten vessels with modern TFDE propulsion technology and one Steam vessel.

All of our vessels were contributed to us by, or acquired by us from, GasLog. Our current charters have initial terms that expire between March 2026 and April 2030. Five of our vessels currently operate under long-term time charters (defined as charters with initial duration of more than three years) and six vessels trade in the short-term spot market (defined as vessels under contracts with initial duration of less than three years). On redelivery, if the charterers do not exercise any extension option, the vessels will operate in the short-term spot market unless we are able to secure new long-term time charters.

Since the formation of the Partnership and the contribution of the three initial vessels in our fleet in 2014, we grew our fleet and our cash flows from 2014 to 2019 through the acquisition from GasLog of vessels with multi-year charters. However, since that time, as a result of the significant, ongoing challenges facing the entire listed midstream energy Master Limited Partnership (“MLP”) industry, our cost of equity capital has remained significantly elevated for a prolonged period, making the funding of new acquisitions challenging and uneconomic.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$333.7M$326.1M$371.0M$397.8M$356.3M$278.2M
Net income$56.9M$5.7M$119.0M$138.7M$150.9M-$20.2M
Free cash flow$194.7M$213.9M$275.2M$247.2M$261.4M$175.6M

More on GLOP-PA.

Figures from GasLog Partners LP's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.