Vmbook Online ordering

Oil Gas Pipelines

Glenfarne L.P., which operates under the stock symbol GLFE on the NASDAQ stock exchange, is a master limited partnership (MLP) that owns, operates, and develops a portfolio of natural gas and crude oil pipeline infrastructure assets. The company's primary focus is on the transportation and storage of natural gas and crude oil in the Northeast region of the United States.

In terms of financial performance, Glenfarne L.P. reported total revenue of $12.3 million for the third quarter of 2021, representing an increase of 13.3% compared to the same period in 2020. The company's net loss for the quarter was $1.6 million, compared to a net loss of $2.7 million in the third quarter of 2020.

Glenfarne L.P.'s distributable cash flow (DCF) for the third quarter of 2021 was $4.5 million, or $0.19 per unit, representing an increase of 12.5% compared to the same period in 2020. The company's DCF coverage ratio for the quarter was 1.3x, indicating that the company generated enough cash to cover its distributions to unitholders.

In terms of growth, Glenfarne L.P. has been actively expanding its portfolio of pipeline assets through acquisitions and development projects. In October 2021, the company announced the acquisition of the Longview Natural Gas Storage and Pipeline System, which provides natural gas storage and transportation services in the Appalachian region. The acquisition is expected to be immediately accretive to the company's distributable cash flow.

Overall, Glenfarne L.P. is a publicly traded company that owns and operates a portfolio of natural gas and crude oil pipeline infrastructure assets in the Northeast region of the United States. The company has reported solid financial performance in recent quarters, with increasing revenue and distributable cash flow, and has been actively pursuing growth opportunities through acquisitions and development projects.