Key Highlights from GasLog Partners’ 3Q16 Earnings
GLOP released its 3Q16 results
On October 27, 2016, GasLog Partners (GLOP) announced its 3Q16 revenue and earnings results. Its revenue rose 4% to $51.5 million, compared to $49.6 million in the previous quarter.
GLOP’s 3Q16 EBITDA (earnings before interest, tax, depreciation, and amortization) was $37.2 million, higher than its 2Q16 EBITDA of $35.5 million.
Actual versus estimates
GLOP’s 3Q16 revenue was as Wall Street analysts had estimated. The company beat analysts’ EBITDA estimates. Its actual EBITDA of $37.2 million was higher than the estimated $35.5 million.
GasLog Partners’ share price closed at $21.25 on October 27, 2016, the same as its previous close, reflecting a 0% return. On the same day, other LNG (liquefied natural gas) carriers provided the following returns:
- Golar LNG (GLNG) rose 2%.
- GasLog (GLOG) rose 1%.
- Teekay LNG (TGP) fell 4%.
- Höegh LNG Partners (HMLP) and Golar LNG Partners (GMLP) returned 0%.
Investors interested in broad exposure to industrials stocks can invest in the SPDR Dow Jones Industrial Average ETF (DIA).
What you’ll find in this series
In this series, we’ll look at GLOP’s 3Q16 results and conference call highlights. We’ll also analyze the company’s current position, its management’s future plans, and the discussions between management and analysts to gauge the company’s future.
In the next article, we’ll start with GasLog Partners’ revenue.