The Partnership’s Board of Directors has approved a reduction in the
quarterly common distribution to $0.0202 per unit for the quarter
ended March 31, 2020 (from $0.4042 per unit in the previous quarter).
Golar Partners believes this reduction is in the best interest of all of
its stakeholders during this unprecedented time of market volatility.
The Partnership will, as a consequence, retain approximately $109
million of cash flow annually, allowing the Partnership to focus its
capital allocation on debt reduction, thus strengthening its balance
sheet while providing enhanced financial flexibility to consider capital
allocation priorities over time. The reduction will also result in
lower breakeven re-contracting rates across the Partnership’s fleet. Thursday, April 2, 2020
Golar LNG partners reduces distribution
The Partnership’s Board of Directors has approved a reduction in the
quarterly common distribution to $0.0202 per unit for the quarter
ended March 31, 2020 (from $0.4042 per unit in the previous quarter).
Golar Partners believes this reduction is in the best interest of all of
its stakeholders during this unprecedented time of market volatility.
The Partnership will, as a consequence, retain approximately $109
million of cash flow annually, allowing the Partnership to focus its
capital allocation on debt reduction, thus strengthening its balance
sheet while providing enhanced financial flexibility to consider capital
allocation priorities over time. The reduction will also result in
lower breakeven re-contracting rates across the Partnership’s fleet. 
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