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GasLog Partners’ 2Q17 Results Are Just around the Corner

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2Q17 results

GasLog Partners (GLOP), an international operator, owner, and manager of LNG (liquefied natural gas) carriers, plans to release its 2Q17 results before the market opens on July 27, 2017. The release will be followed by a conference call on the same day.

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1Q17 highlights

  • GasLog Partners reported revenue of $57 million and EBITDA (earnings before interest, taxes, depreciation, and amortization) of $42 million.
  • The company increased its cash distribution of $0.5 per share for 1Q17—2% higher than 4Q16 and 5% higher than 1Q16.
  • The company successfully completed equity offering and issuance of general partner units. The company raised total net proceeds of $79.6 million.
  • GasLog Partners acquired GasLog Greece from GasLog.

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Stock performance

GasLog Partners stock has risen 16.3% since the beginning of the year. It has outperformed the S&P 500 Index (SPX-INDEX), which has returned 9.3% since the beginning of the year. The following are the YTD (year-to-date) returns of other LNG (UNG) carrier companies as of July 13, 2017:

  • Golar LNG Partners (GMLP) fell 13.5%.
  • Teekay LNG Partners (TGP) rose 15.5%.
  • Hoegh LNG Partners (HMLP) rose 0.52%.
  • GasLog (GLOG) rose 4.0%.
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Comparison with MLPs

GasLog Partners is an MLP. It has outperformed the Alerian MLP Index (AMZ), which has a YTD return of -5.7%. GasLog Partners also has a higher dividend yield of 8.3% than AMZ, which has a dividend yield of 7.7%.

Series overview

GasLog Partners is generally first among its peers to release quarterly results. Since GasLog Partners’ 2Q17 results are around the corner, it’s a good time to see what analysts expect from the company’s revenue and EBITDA for 2Q17 and fiscal 2017. We’ll also see recent changes in analysts’ recommendations and target price.

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