GasLog Partners LP (GLOP), headquartered in Piraeus, Greece, reported strong financials for the previous quarter. The company’s revenues grew 16% year-over-year to $99.07 million, while its adjusted profit and adjusted earnings per unit came in at $39.30 million and $0.62, up 39% and 51% from the prior-year quarter, respectively.
Shares of the LNG carrier operating company closed at $8.48 in its latest trading session. In terms of its forward non-GAAP P/E, GLOP is trading at 3.87x, 52.7% lower than the industry average of 8.17x. Its forward Price/Cash Flow multiple of 1.70 is 57.2% lower than the industry average of 3.98. The organization is also preparing to merge with GasLog Ltd.
