Exhibit 99.1
GasLog Partners LP Reports Financial Results for the Three-Month Period Ended June 30, 2026
Majuro, Marshall Islands, July 24, 2026, GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP-PA, GLOP-PB, GLOP-PC), an international owner and operator of liquefied natural gas (“LNG”) carriers, today reported its financial results for the three-month period ended June 30, 2026.
Recent Developments
Sale of Vessel
In April 2026, GasLog Partners entered into an agreement to sell, subject to customary and other closing conditions, the Methane Rita Andrea, a 145,000 cubic meter steam turbine propulsion (“Steam”) LNG carrier built in 2006, to an unrelated third party for a net sale price of approximately $34.1 million, resulting in the recognition of an impairment loss of $8.2 million in 2026, of which $0.5 million was recorded in the three months ended June 30, 2026. The net proceeds of the sale were returned to GasLog Ltd. (“GasLog”) as return of capital contributions. The sale was completed on May 8, 2026.
GasLog Partners Dividend Declarations
On June 24, 2026, the board of directors of GasLog Partners approved and declared a quarterly cash distribution of $1.18 per common unit to GasLog that was settled immediately.
On July 23, 2026, the board of directors of GasLog Partners approved and declared:
| · | a distribution on the 8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units (“Series A Preference Units”) of $0.5390625 per preference unit (based on the fixed rate), |
| · | a distribution on the 8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units (“Series B Preference Units”) of $0.6242622 per preference unit (based on a floating rate equal to the Term Secured Overnight Financing Rate (“SOFR”) for a three-month tenor published by the Chicago Mercantile Exchange (“CME”) of 3.67045% plus 0.26161% of Credit Adjustment Spread (“CAS”) and spread of 5.839% per annum) and |
| · | a distribution on the 8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units (“Series C Preference Units”) of $0.5909122 per preference unit (based on a floating rate equal to the three-month Term SOFR as published by the CME of 3.67045% plus 0.26161% of CAS and spread of 5.317% per annum). |
The cash distributions are payable on September 15, 2026 to all unitholders of record as of September 8, 2026.
Quarterly Financial Results
Amounts in thousands of U.S. dollars | For the three months ended | |||||||
| June 30, 2025 | June 30, 2026 | |||||||
| Revenues | $ | 70,236 | $ | 89,501 | ||||
| (Loss)/profit for the period | $ | (17,861 | ) | $ | 44,363 | |||
Revenues were $89.5 million for the quarter ended June 30, 2026 ($70.2 million for the same period in 2025). The increase of $19.3 million is mainly attributable to higher average charter rates during the three months ended June 30, 2026, partially offset by a decrease mainly attributable to the Steam vessels that have exited our fleet in the third and fourth quarter of 2025 as well as in the second quarter of 2026.
Profit was $44.4 million for the quarter ended June 30, 2026 (loss of $17.9 million for the same period in 2025). The increase in profit of $62.3 million is mainly attributable to a) a decrease of $34.1 million non-cash impairment loss ($34.6 million non-cash impairment loss was recognized in the quarter ended June 30, 2025, of which $29.1 million resulted from the agreement to sell the Methane Alison Victoria and $5.5 million related to the non-cash impairment loss of the Methane Jane Elizabeth, as compared to $0.5 million additional non-cash impairment loss recognized in the quarter ended June 30, 2026 related to the sale of the Methane Rita Andrea, discussed above), b) an increase of $19.3 million in revenues, as discussed above, and c) a decrease of $9.1 million in depreciation as a result of the decrease in the average number of vessels in our fleet and the impairment charges recognized in the prior year.
Unaudited condensed consolidated statements of financial position
(All amounts expressed in thousands of U.S. Dollars)
| December 31, 2025 | June 30, 2026 | |||||||
| Assets | ||||||||
| Non-current assets | ||||||||
| Other non-current assets | 1,073 | 751 | ||||||
| Tangible fixed assets | 1,116,578 | 1,059,183 | ||||||
| Right-of-use assets | 54,960 | 37,918 | ||||||
| Total non-current assets | 1,172,611 | 1,097,852 | ||||||
| Current assets | ||||||||
| Trade and other receivables | 16,959 | 37,807 | ||||||
| Inventories | 4,644 | 7,302 | ||||||
| Due from related parties | 417 | 4,915 | ||||||
| Prepayments and other current assets | 2,448 | 2,073 | ||||||
| Cash and cash equivalents | 5,221 | 3,059 | ||||||
| Total current assets | 29,689 | 55,156 | ||||||
| Total assets | 1,202,300 | 1,153,008 | ||||||
| Partners’ equity and liabilities | ||||||||
| Partners’ equity | ||||||||
| Common unitholders and general partner | 814,972 | 784,027 | ||||||
| Preference unitholders | 279,859 | 279,801 | ||||||
| Total partners’ equity | 1,094,831 | 1,063,828 | ||||||
| Current liabilities | ||||||||
| Trade accounts payable | 2,815 | 7,712 | ||||||
| Other payables and accruals | 39,532 | 36,585 | ||||||
| Lease liabilities—current portion | 38,679 | 32,868 | ||||||
| Total current liabilities | 81,026 | 77,165 | ||||||
| Non-current liabilities | ||||||||
| Lease liabilities—non-current portion | 26,233 | 11,851 | ||||||
| Other non-current liabilities | 210 | 164 | ||||||
| Total non-current liabilities | 26,443 | 12,015 | ||||||
| Total partners’ equity and liabilities | 1,202,300 | 1,153,008 | ||||||
Unaudited condensed consolidated statements of profit or loss
(All amounts expressed in thousands of U.S. Dollars)
| For the three months ended | For the six months ended | |||||||||||||||
| June 30, 2025 | June 30, 2026 | June 30, 2025 | June 30, 2026 | |||||||||||||
| Revenues | 70,236 | 89,501 | 150,508 | 158,108 | ||||||||||||
| Voyage expenses and commissions | (5,105 | ) | (5,726 | ) | (10,251 | ) | (8,658 | ) | ||||||||
| Vessel operating costs | (15,694 | ) | (15,361 | ) | (31,874 | ) | (30,380 | ) | ||||||||
| Depreciation | (28,322 | ) | (19,228 | ) | (56,242 | ) | (39,007 | ) | ||||||||
| General and administrative expenses | (3,079 | ) | (3,501 | ) | (6,880 | ) | (6,771 | ) | ||||||||
| Loss on disposal of vessel | — | (102 | ) | — | (102 | ) | ||||||||||
| Impairment loss | (34,612 | ) | (510 | ) | (34,612 | ) | (8,205 | ) | ||||||||
| (Loss)/profit from operations | (16,576 | ) | 45,073 | 10,649 | 64,985 | |||||||||||
| Financial costs | (1,320 | ) | (738 | ) | (2,773 | ) | (1,607 | ) | ||||||||
| Financial income | 35 | 28 | 52 | 36 | ||||||||||||
| Total other expenses, net | (1,285 | ) | (710 | ) | (2,721 | ) | (1,571 | ) | ||||||||
| (Loss)/profit for the period | (17,861 | ) | 44,363 | 7,928 | 63,414 | |||||||||||