In the LP/MLPs that we follow in our articles, a strong dropdown asset pipeline is essential. As these stocks acquire an asset from their sponsor/general partner, they pump up their revenues, EBITDA and distributable cash flow, which, in turn, allows them to grow their distributions to common unit holders. This stock yields 8.81%, with very strong 1.29x distribution coverage. It acquired a new asset that will grow EBITDA and distributable cash flow by 10%. Management is calling for a 5% initial hike to the distribution and 10%-15% ongoing distribution growth. It has 100%, fee-based, long-term contracts with strong counterparties and increasing Industry tailwinds.
GasLog Partners LP (NYSE:GLOP) acquires, owns and operates liquefied natural gas (LNG) carriers, providing LNG transportation services under long-term charters worldwide. GasLog Partners' fleet consists of nine LNG carriers with an average carrying capacity of approximately 149,500 cbm. The company was founded and IPOd in 2014 and is based in Monaco. GasLog Ltd. (NYSE:GLOG) serves as its general partner.
Source: Seeking Alpha
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