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Capital Product Partners LP (CPLP.OQ)

CPLP.OQ on NASDAQ Stock Exchange Global Select Market

2.33USD
14 Dec 2018
Change (% chg)

$-0.05 (-2.10%)
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Volume
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Latest Key Developments (Source: Significant Developments)

CPLP To Spin Off Crude, Product Tanker Business And Merge With DSS Holdings
Wednesday, 28 Nov 2018 

Nov 27 (Reuters) - Capital Product Partners LP ::CPLP TO SPIN OFF ITS CRUDE AND PRODUCT TANKER BUSINESS AND MERGE IT WITH DSS HOLDINGS L.P.’S BUSINESS AND OPERATIONS.SAYS TRANSACTION IS VALUED ON AN NAV-TO-NAV BASIS WITH CPLP RECEIVING $23 MILLION IN CONSIDERATION.SAYS CPLP UNITHOLDERS ALSO WILL CONTINUE TO OWN THEIR CPLP UNITS.SAYS CPLP INTENDS TO EFFECT A REVERSE UNIT SPLIT PROMPTLY AFTER CLOSING OF TRANSACTION.CAPITAL PRODUCT PARTNERS - EXPECTS TO ADOPT NEW ANNUAL COMMON UNIT QUARTERLY DISTRIBUTION GUIDANCE OF $0.045 GOING FORWARD IN VIEW OF THIS TRANSACTION.CAPITAL PRODUCT PARTNERS-DSS ENTERED INTO SEVERAL COMMITMENTS FOR SYNDICATED 5-YEAR TERM LOAN, REVOLVING CREDIT FACILITY OF UP TO $360 MILLION.SAYS NEW CO TO BE CALLED DIAMOND S SHIPPING INC.CAPITAL PRODUCT PARTNERS SAYS NEW CO EXPECTED TO BE LISTED ON NEW YORK STOCK EXCHANGE AND WILL BE HEADQUARTERED IN GREENWICH, CONNECTICUT.CAPITAL PRODUCT PARTNERS-PROCEEDS FROM CREDIT FACILITY TO BE USED TO PARTIALLY PREPAY PORTION OF LOANS OUTSTANDING UNDER CO'S EXISTING CREDIT FACILITIES.SAYS $1.65 BILLION TRANSACTION INVOLVING 68 TANKERS.  Full Article

Capital Product Partners Posts Q2 Earnings Per Share $0.01
Friday, 27 Jul 2018 

July 27 (Reuters) - Capital Product Partners LP ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES SECOND QUARTER 2018 FINANCIAL RESULTS AND FLEET EMPLOYMENT UPDATES.Q2 REVENUE $65.5 MILLION VERSUS I/B/E/S VIEW $61.5 MILLION.Q2 EARNINGS PER SHARE $0.01.Q2 EARNINGS PER SHARE VIEW $0.04 -- THOMSON REUTERS I/B/E/S.  Full Article

Capital Product Partners To Acquire Aframax M/T ‘Aristaios’
Friday, 12 Jan 2018 

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 

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 reports Q4 EPS $0.09
Tuesday, 31 Jan 2017 

Capital Product Partners Lp : Capital Product Partners announces fourth quarter 2016 financial results, an increase to its common distribution, certain amendments to one of its management agreements and fleet employment updates . Q4 revenue $62.4 million versus I/B/E/S view $60.5 million . Q4 earnings per share $0.09 . Q4 earnings per share view $0.08 -- Thomson Reuters I/B/E/S . Charter coverage for 2017 has increased to 82 percent ."Product tanker spot rates remained depressed for most of Q4 of 2016".  Full Article