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Golar LNG Partners LP (GMLP.OQ)

GMLP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Golar LNG Partners LP announces pricing of series A preferred unit offering
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Golar LNG Partners LP :Golar LNG Partners LP announces pricing of series A preferred unit offering.Golar LNG Partners LP - ‍priced public offering of 4.8 million 8.75 pct series a cumulative redeemable preferred units, at $25.00/unit​.  Full Article

Golar LNG announces exchange of incentive distribution rights
Friday, 14 Oct 2016 

Golar Lng Partners Lp : Announces exchange of incentive distribution rights . Says agreement to exchange all of existing incentive distribution rights for issuance of a new class of incentive distribution rights . Says in connection with transaction, minimum quarterly distribution will be $0.5775 per common unit . Says partnership expects to enter into preliminary discussions with Golar regarding potential acquisition of interest in Golar Hilli . Transaction was approved by board of directors of partnership . Says in event partnership acquires an interest in Golar Hilli, it is expected to add significantly to partnership's revenue backlog .Says if partnership buys interest in Golar Hilli, it is expected to reduce exposure to existing time charters that run off at 2017 end.  Full Article

Golar LNG Partners reports interim results for the period ended 30 June 2016
Wednesday, 31 Aug 2016 

Golar LNG Partners LP : Interim results for the period ended 30 June 2016 . Q2 revenue $111.8 million versus I/B/E/S view $114 million . Says operating earnings in 3Q should therefore be approximately in line with 2Q . Golar Tundra will not commence operations in 3Q but Golar Partners will receive approximately $2.6 million per month from Golar . Says Golar Partners has no vessels due for re-contracting until end of 2017 . Says Golar Partners has a $2.4 billion revenue backlog at quarter-end .Qtrly net income attributable to Golar LNG Partners L.P. Owners $28 million versus $41 million.  Full Article

Golar LNG Qtrly revenue $101.1 mln
Tuesday, 31 May 2016 

Golar LNG Partners Lp : Interim results for the period ended 31 march 2016 . Net income attributable to unit holders of $16.8 million and operating income of $56.1 million for q1 of 2016 . Q1 revenue view $104.6 million -- Thomson Reuters I/B/E/S .Qtrly revenue $101.1 million versus $99.8 million.  Full Article

Golar enters into agreement to acquire ownership interests in Tundra Corp
Wednesday, 10 Feb 2016 

Golar LNG Partners LP:Tundra acquisition.Says purchase price of $330.0 million.Concurrently with the execution of the purchase agreement, the partnership paid an approximate 10% deposit to Golar.Says Golar tundra acquisition is expected to be an accretive transaction.Says the Golar tundra is expected to commence operations under the Golar tundra time charter in the second quarter of 2016.Has entered into an agreement to acquire the ownership interests in tundra corp from Golar LNG Limited.Partnership's management does not intend to recommend to board increase in partnership's quarterly cash distribution due to deal.Prior to deal closing, Golar LNG Partners expects to enter into a new, 5 year, $800 million senior secured credit facility.New credit facility is expected to consist of $650 million term loan facility and a $150 million revolving credit facility.Partnership estimates deal will generate annual contracted revenue less operating expenses of about $44 million.Says acquisition will increase revenue backlog to a total of $2.62 billion as at December 31, 2015.  Full Article