GasLog Partners (GLOP) Q3 2026 earnings summary

Executive summary

• Q3 2026 profit was $6.0 million, versus a $13.0 million loss YoY; revenue declined to $53.7 million from $60.9 million.

• Fleet exits and more dry-docking off-hire days weighed on revenue, partly offset by higher average charter rates.

Financial highlights

• Q3 revenue was $53.7 million, down $7.2 million YoY; 92 dry-docking off-hire days compared with 31 a year earlier.

• Q3 profit increased by $19.0 million YoY, supported by lower impairment, depreciation and vessel operating costs; lower revenue and higher voyage expenses partly offset the improvement.

• Q3 voyage expenses and commissions rose to $11.2 million from $4.8 million, mainly due to higher bunker consumption as utilization of the remaining spot fleet declined.

Key financial ratios and metrics

• 9M 2026 revenue was $211.8 million versus $211.4 million; operating profit was $71.6 million versus $1.2 million loss.

• 9M 2026 profit was $69.4 million versus a $5.1 million loss; financial costs declined to $2.2 million from $4.0 million.