Golar LNG Partners LP: Breaking Down GMLP Stock Price & News

Published On Mon Jun 10 2024
Golar LNG Partners LP: Breaking Down GMLP Stock Price & News

Golar LNG Partners (GMLP) Stock Price, News & Analysis

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in various countries including Indonesia, Brazil, Jordan, Jamaica, Kuwait, and the United Arab Emirates. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited.

Company Fleet

As of March 2, 2021, Golar LNG Partners LP had a fleet of six FSRUs and four LNG carriers.

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Financial Performance

Golar LNG Partners LP (NASDAQ:GMLP) recently announced its earnings results on November 29, 2021. The company reported $0.25 earnings per share for the quarter, surpassing analysts' consensus estimates. Golar LNG Partners LP had a net margin of 9.97% and a trailing twelve-month return on equity of 13.04%.

Dividend Information

Golar LNG Partners (NASDAQ:GMLP) pays an annual dividend of $0.08 per share, resulting in a dividend yield of 2.25%. The dividend payout ratio is currently 9.88%, indicating a healthy and sustainable level below 75%. Based on earnings estimates, GMLP is expected to have a dividend payout ratio of 9.41% next year, suggesting the company's ability to sustain or increase its dividend.

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Investor Ownership

According to aggregate information from My MarketBeat watchlists, some companies that other Golar LNG Partners investors own include New Residential Investment (NRZ), Washington Prime Group (WPG), CBL & Associates Properties (CBL), EnLink Midstream (ENLC), DHT (DHT), Pennsylvania Real Estate Investment Trust (PEI), CNBX Pharmaceuticals (CNBX), and Enerplus (ERF).

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