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Capital Product Partners LP (CPLP.OQ)

CPLP.OQ on NASDAQ Stock Exchange Global Select Market

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15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Capital Product Partners Reports Q4 Earnings Per Share $0.03
Wednesday, 31 Jan 2018 08:00am EST 

Jan 31 (Reuters) - Capital Product Partners Lp ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FOURTH QUARTER 2017 FINANCIAL RESULTS, THE COMPLETED ACQUISITION OF THE M/T ‘ARISTAIOS’, AS WELL AS THE SALE OF THE M/T ‘ARISTOTELIS’ AND THE ACQUISITION OF THE M/T ‘ANIKITOS’.Q4 REVENUE $64.1 MILLION VERSUS I/B/E/S VIEW $60.2 MILLION.Q4 EARNINGS PER SHARE $0.03.Q4 EARNINGS PER SHARE VIEW $0.06 -- THOMSON REUTERS I/B/E/S.CAPITAL PRODUCT PARTNERS - ‍AGREED TO BUY, CONDITIONAL UPON SUCCESFUL COMPLETION OF SALE OF M/T 'ARISTOTELIS', M/T 'ANIKITOS' FOR ABOUT $31.5 MILLION ​.CAPITAL PRODUCT PARTNERS- ‍INTENTS TO FUND ACQUISITION OF M/T 'ANIKITOS' WITH PROCEEDS TO BE RECEIVED FROM SALE OF M/T 'ARISTOTELIS', AMONG OTHERS​.‍AGREEMENT TO ACQUIRE M/T 'ANIKITOS' WAS ENTERED INTO ON AN ARM'S LENGTH BASIS AND WAS APPROVED BY BOARD ​.CAPITAL PRODUCT PARTNERS - ‍GROWING INTRA-ASIAN PRODUCTS TRADE AND U.S. PRODUCTS EXPORTS ARE EXPECTED TO BE KEY FACTORS FOR PRODUCTS TRADE GROWTH IN 2018​.CAPITAL PRODUCT PARTNERS - ‍EXPECT PARTNERSHIP TO TAKE DELIVERY OF M/T 'ANIKITOS' IN MARCH 2018, FOLLOWING DELIVERY OF M/T 'ARISTOTELIS' TO NEW OWNERS​.  Full Article

Capital Product Partners To Acquire Aframax M/T ‘Aristaios’
Thursday, 11 Jan 2018 04:05pm EST 

Jan 11 (Reuters) - Capital Product Partners Lp ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES ACQUISITION OF AFRAMAX M/T ‘ARISTAIOS’ WITH FOUR YEAR REMAINING TIME CHARTER ATTACHED.CAPITAL PRODUCT PARTNERS LP - DEAL FOR A TOTAL CONSIDERATION OF $52.5 MILLION.CAPITAL PRODUCT PARTNERS LP - ‍INTENDS TO FUND DEAL THROUGH AVAILABLE CASH OF $24.2 MILLION AND $28.3 MILLION TERM LOAN.  Full Article

Capital Product Partners Q3 earnings per share $0.05
Friday, 27 Oct 2017 07:30am EDT 

Oct 27 (Reuters) - Capital Product Partners LP ::Capital Product Partners L.P. announces third quarter 2017 financial results and the successful refinancing of substantially all of the partnership's indebtedness.Q3 revenue $62.7 million versus I/B/E/S view $60.5 million.Q3 earnings per share $0.05.Q3 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.Capital Product Partners - ‍product tanker spot market modestly improved in Q3 versus previous quarter, but rates remained at relatively depressed levels​.Capital Product Partners LP - ‍expect that co will consider a potential reduction in capital reserve from next quarter onwards​.Capital Product Partners - ‍product tanker spot market saw a short-lived increase in oil product movements in wake of hurricane Harvey.Capital Product Partners - ‍sentiment in Suezmax spot market was "soft" during Q3, as rates further retreated versus preceding quarter.Capital product partners- ‍incremental product tanker demand in Q3 offset by high tonnage availability following firm fleet expansion since start of 2017​.Capital Product Partners LP - ‍rapid fleet growth was a key factor for weak spot rate environment in Suezmax tanker market​ during quarter.Capital Product Partners-‍over last few months, OECD oil product stocks been decreasing, which bodes well for product tanker demand in medium to long run.  Full Article

Capital Product Partners announces the appointment of Mr. Keith Forman as non-executive chairman
Thursday, 5 Oct 2017 09:00am EDT 

Oct 5 (Reuters) - Capital Product Partners LP :Capital Product Partners L.P. announces the appointment of Mr. Keith Forman as non-executive chairman of the board.Capital Product Partners LP - Forman will replace Ioannis Lazaridis, who resigned as chairman of board of partnership in September 2017.Capital Product Partners LP - Forman has been an independent non-executive director of partnership since April 2007.  Full Article

Capital Product Partners L.P. Enters into $460.0 million term loan facility
Thursday, 7 Sep 2017 09:00am EDT 

Sept 7 (Reuters) - Capital Product Partners Lp :Capital Product - to use net proceeds of new facility, with available cash, to refinance its indebtedness under credit facilities during Q4 2017.  Full Article

Capital Product Partners reports Q2 earnings of $0.06/shr
Friday, 28 Jul 2017 07:30am EDT 

July 28 (Reuters) - Capital Product Partners Lp :Capital Product Partners L.P. announces second quarter 2017 financial results, entering into a firm offer letter for a new $460 million credit facility for the refinancing of substantially all of the partnership's indebtedeness and fleet employment update.Q2 earnings per share $0.06.Q2 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.Q2 revenue $62.1 million versus I/B/E/S view $60.6 million.Capital Product Partners LP - Charter coverage for 2017 and 2018 stands at 83 percent and 52 percent, respectively.  Full Article

Capital Product Partners announces increased cash distribution
Wednesday, 18 Jan 2017 04:05pm EST 

Capital Product Partners LP : Capital Product Partners LP announces increased cash distribution .Capital Product Partners - declared cash distribution of $0.08/common unit for Q4 2016, represents increase of $0.005 from $0.075 per unit for Q3 2016.  Full Article