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Capital Product Partners LP (CPLP.O)

CPLP.O on Nasdaq

3.22USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

Capital Product Partners Q3 earnings per share $0.07
Monday, 31 Oct 2016 08:30am EDT 

Capital Product Partners Lp : Capital Product Partners L.P. - announces third quarter 2016 financial results, the acquisition of the product tanker m/t 'AMOR' and an increase to its quarterly distribution from the fourth quarter 2016 onwards to $0.08 per common unit . Q3 revenue $60.3 million versus I/B/E/S view $58.2 million . Q3 earnings per share $0.07 . Q3 earnings per share view $0.08 -- Thomson Reuters I/B/E/S .Capital Product Partners - Board decided to approve increase by 0.5 cents in quarterly distribution for Q4 2016 onwards to $0.08 per common unit.  Full Article

Capital Product Partners Q2 earnings per share $0.10
Friday, 29 Jul 2016 07:00am EDT 

Capital Product Partners Lp : As of june 30, 2016, partnership's total debt increased by $26.3 million to $597.9 million, versus $571.6 million as of december 31, 2015 . Capital product partners l.p. Announces second quarter 2016 financial results and fleet employment updates . Q2 revenue $60.9 million versus i/b/e/s view $60.9 million . Q2 earnings per share $0.10 . Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . "product tanker market remained under pressure in q2 of 2016" .Impact of hmm vessels charter rate reduction will adversely affect our cash flows until end of 2019.  Full Article

BRIEF-Capital Product Partners Q3 earnings per share $0.05

* Capital Product Partners L.P. announces third quarter 2017 financial results and the successful refinancing of substantially all of the partnership's indebtedness