GasLog Partners LP reports earnings that beat expectations

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GASLOG ($NYSE:GLOP): GasLog Partners LP is a publicly traded partnership that owns, operates, and acquires liquefied natural gas carriers. The company posted quarterly earnings that beat expectations, with revenue also topping forecasts. GasLog Partners LP attributes the strong results to solid performance from its fleet of carriers. Looking ahead, the company remains confident in its ability to continue delivering strong results.

Earnings

GasLog Partners LP, a liquefied natural gas company, reported earnings for the fiscal year 2022 second quarter ending June 30. The company earned 339.1 million in total revenue and lost 8.6 million in net income. Compared to the previous year, this represented a 4.0% increase in total revenue and a 250.9% decrease in net income.

Looking back over the last three years, GASLOG PARTNERS LP’s total revenue has grown from 333.7 million to 339.1 million. Despite the decrease in net income, GASLOG PARTNERS LP’s earnings still beat expectations.

About the Company

Share Price

On Friday, GasLog Partners LP stock opened at $7.9 and closed at $7.8, down by 1.6% from previous closing price of 7.9. The company reported earnings that beat expectations, but this was not enough to boost the stock price. The company has a long-term contract with Royal Dutch Shell plc to ship LNG from the Port of Sabine Pass in Louisiana, United States. Live Quote…

VI Analysis

The company’s fundamentals reflect its long term potential, and the company is classified as a ‘cow’ by the VI app. This type of company is of interest to investors who are looking for a company with a strong dividend history and a strong future potential. The company has a high health score of 7/10, indicating that it is capable of paying off its debt and funding future operations. The company is strong in terms of assets, dividends, and profitability, and is medium in terms of growth potential. More…

VI Peers

The competition among GasLog Partners LP and its competitors is fierce. Teekay Corp, ONEOK Inc, and Shell Midstream Partners LP are all vying for a piece of the pie, and each company has its own strengths and weaknesses. GasLog Partners LP has been able to stay ahead of the competition by offering a higher quality product at a lower price.

– Teekay Corp ($NYSE:TK)

Teekay Corporation is a leading provider of international crude oil and gas transportation services. The company owns and operates a diverse fleet of tankers and offshore support vessels. Teekay’s fleet consists of crude oil tankers, product tankers, LNG carriers, FPSOs, shuttle tankers, FSOs, offshore support vessels, and conventional vessels.

Teekay has a market capitalization of $392.21 million as of 2022 and a return on equity of -10.2%. The company’s fleet of vessels is one of the most modern and efficient in the world, and is well-positioned to meet the growing demand for energy transportation services. Teekay is committed to providing safe, reliable, and efficient transportation services to its customers around the world.

– ONEOK Inc ($NYSE:OKE)

Oneok Inc is a leading midstream service provider in the United States. The company owns and operates a vast network of natural gas gathering, processing, storage and transportation assets across the country. Oneok is one of the largest providers of natural gas liquids (NGL) transportation and storage services in the United States. The company has a market capitalization of $24.49 billion as of March 2021 and a return on equity of 28.78%.

Oneok Inc’s strong financial performance is driven by its high-quality asset base, efficient operations and disciplined capital allocation strategy. The company’s large scale and diversified asset portfolio provide it with significant competitive advantages in the marketplace. Oneok is well-positioned to continue delivering strong financial results and creating value for shareholders over the long term.

– Shell Midstream Partners LP ($NYSE:SHLX)

Midship Pipeline Company LLC, a subsidiary of Midstream Partners LP, is a natural gas pipeline company that transports, processes, and stores natural gas. The company operates a 3,100-mile pipeline system that extends from the Gulf of Mexico to the Midwest and Northeast. Midship also operates two natural gas processing plants in Oklahoma.

Summary

GasLog Partners LP is a publicly traded master limited partnership that owns, charters, and operates liquefied natural gas carriers worldwide. GasLog Partners’ strong performance and active acquisition program are due in part to the growing demand for LNG globally. LNG is seen as a cleaner-burning alternative to coal and other fossil fuels, and demand is expected to continue to grow in the coming years.

Investors interested in taking advantage of the growing demand for LNG can do so by investing in GasLog Partners LP. The partnership offers a high distribution yield and has a strong growth prospects, making it an attractive investment for income-seeking investors.