GasLog Partners LP Price & Performance (GLOP-PA)

GasLog Partners LP has released its 2024 annual report, confirming a fleet of ten wholly-owned LNG carriers and four vessels on bareboat charters. The partnership, now operating as a subsidiary of GasLog Ltd., continues to be treated as a C corporation for tax purposes, offering investors Form 1099 for distributions.12

Following the finalized acquisition by GasLog Ltd., GasLog Partners LP has delisted its common units from the NYSE. Preference shares, including Series A, B, and C, remain publicly traded. The integration is expected to streamline operations and maintain the partnership's focus on LNG carrier management.34

GasLog Partners LP’s Series A preferred shares trade at a price-to-book ratio of 0.0x, notably below the sector average. As a subsidiary of GasLog Ltd., the company’s LNG transportation business remains stable, but analysts see limited upside compared to broader energy peers, reflecting its recent structural changes.21