GasLog Partners (GLOP) Tops Q2 EPS by 1c

Before the open, GasLog Partners (NYSE: GLOP) reported Q2 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $49.6 million versus the consensus estimate of $48.94 million.

Mr. Andrew Orekar, Chief Executive Officer, commented: "We are pleased to report another quarter of strong financial results for GasLog Partners. Revenue, EBITDA, and distributable cash flow were in line with our expectations and include the impact of Methane Rita Andrea's scheduled drydocking. The Partnership has no additional scheduled drydockings until 2018.

For the second quarter, GasLog Partners has declared a cash distribution of $0.478 per unit, which is unchanged from the first quarter of 2016 and represents a 13% compound annual growth rate since the Partnership's initial public offering. Our cash distribution is supported by stable cash flows from multi-year charters with fixed-fee revenues. We remain committed to paying our distribution, and we have reduced indebtedness by approximately $66 million since our 2015 dropdown transaction to increase our capacity to fund growth.

For earnings history and earnings-related data on GasLog Partners (GLOP) click here.

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