Shipping Lng Seems Profitable, Gaslog Reports, Stock Jumps 8% (Glog)

The stock is trading at $22.06 last, upward $1.60 (+7.80%)
For God's sake arrive at non bring upward the dateline on this unloosen to the Lady attorneys.
They missed final month's St. Tropez regatta as well as volition directly glom onto Monaco as well as root thinking of the Primo Cup – Trophée Credit Suisse as well as the houly volition jump equally they run yesteryear novel hobnobbing duds and...ugggh.

From the fellowship via Globe Newswire, Nov. 1:

GasLog Ltd. Reports Financial Results for the Quarter Ended September 30, 2018

Monaco, Nov. 01, 2018 (GLOBE NEWSWIRE) -- GasLog Ltd. as well as its subsidiaries (“GasLog”, “Group” or “Company”) (NYSE: GLOG), an international owner, operator as well as director of liquefied natural gas (“LNG”) carriers, today reported its fiscal results for the quarter ended September 30, 2018.

Highlights 

•Record Revenues of $158.4 1000000 (Q3 2017: $131.2 million), Profit of $39.3 1000000 (Q3 2017: $24.2 million) as well as Earnings per portion of $0.19(1) (Q3 2017: Earnings per portion of $0.03) for the quarter ended September 30, 2018. • Record EBITDA(2) of $114.0 1000000 (Q3 2017: $89.6 million), tape Adjusted EBITDA(2) of $114.2 1000000 (Q3 2017: $89.7 million), Record Adjusted Profit(2) of $32.3 1000000 (Q3 2017: $21.1 million) as well as Adjusted Earnings per share(2) of $0.11(1) (Q3 2017: Adjusted Loss per portion of $0.00) for the quarter ended September 30, 2018. • Highest e'er internet puddle surgery from our vessels trading inward the spot marketplace nether the LNG carrier pooling understanding (the “Cool Pool”) next a meaning increase inward LNG transportation spot rates during the tertiary quarter. 

•Signed 2 seven-year charter parties alongside a wholly owned subsidiary of Cheniere Energy, Inc. (“Cheniere”), for 2 newbuild LNG carriers. The vessels, 174,000 cubic meter (“cbm”) LNG carriers alongside dual fuel 2 stroke engine propulsion (“LP-2S”) as well as GTT Mark III Flex Plus containment systems, were ordered from Samsung Heavy Industries Co., Ltd. (“Samsung”) as well as are scheduled for delivery inward belatedly 2020.

•Post-quarter end, announced the sale of the Methane Becki Anne to GasLog Partners LP (“GasLog Partners” or the “Partnership”) for $207.4 million, alongside attached multi-year charter to a subsidiary of Royal Dutch Shell plc (“Shell”).

•Continued success of the Partnership’s At-The-Market Common Equity Offering Programme (“ATM Programme”) alongside internet proceeds of $54.0 1000000 raised during the quarter pursuant primarily to an understanding for the sale of 2,250,000 mutual units to funds managed yesteryear Tortoise Capital Advisors, L.L.C. (“Tortoise”), as well as full internet proceeds of $121.4 1000000 raised since inception of the programme.

•Quarterly dividend of $0.15 per mutual portion payable on Nov 21, 2018, 7.1% higher than the tertiary quarter of 2017.

(1) Earnings/(loss) per portion (“EPS”) as well as Adjusted EPS are internet of the turn a profit attributable to the non-controlling interests of $21.0 1000000 as well as the dividend on preferred stock of $2.5 1000000 for the quarter ended September 30, 2018 ($18.9 1000000 as well as $2.5 million, respectively, for the quarter ended September 30, 2017).

(2) EBITDA, Adjusted EBITDA, Adjusted Profit as well as Adjusted EPS are non-GAAP fiscal measures as well as should non live used inward isolation or equally a substitute for GasLog’s fiscal results presented inward accordance alongside International Financial Reporting Standards (“IFRS”). For the definitions as well as reconciliations of these measures to the virtually straight comparable fiscal measures calculated as well as presented inward accordance alongside IFRS, delight refer to Exhibit II at the terminate of this press release. CEO Statement

Paul Wogan, Chief Executive Officer, stated: “The LNG transportation marketplace tightened considerably inward the tertiary quarter, driving headline spot rates to multi-year highs as well as delivering a tape consequence for our ships operating inward the Cool Pool. This, together alongside the contribution of our iii newbuild vessels delivered before inward 2018, produced approximately other laid upward of tape quarterly results for GasLog. With farther strengthening of spot rates inward October, nosotros anticipate approximately other meaning increase inward our spot earnings during the quaternary quarter of 2018, despite the fourth dimension lag for headline rates to manifest themselves inward spot vessel earnings. Spot charge per unit of measurement forcefulness agency our vi opened upward vessels are creating meaning incremental cash catamenia which should permit us to visit increasing our returns to shareholders....

...MUCH MORE

 The replay of the conference telephone band is available at: the Investor Relations page of the Company's website at http://www.gaslogltd.com/investor-relations.