GasLog Partners LP (GLOP) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.50. The company posted revenue of $48.04 million in the period, compared to analysts expectations of $48.94 million. The company’s revenue was down -3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
GasLog Partners LP opened for trading at $20.43 and hit $21.22 on the upside on Thursday, eventually ending the session at $20.85, with a gain of 3.94% or 0.79 points. The heightened volatility saw the trading volume jump to 1,01,635 shares. Company has a market cap of $660 M.
GasLog Partners LP is a limited partnership. The Company is formed to own operate and acquire liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. The Companys initial fleet will consist of GasLog Shanghai GasLog Santiago and GasLog Sydney. It generates revenues by charging customers for the transportation of their LNG using its LNG carriers.