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Capital Product Partners LP (CPLP.OQ)

CPLP.OQ on NASDAQ Stock Exchange Global Select Market

6.20USD
7 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Capital Product Partners Reports Q1 Loss Per Share From Continuing Operations $0.10
Monday, 13 May 2019 

May 13 (Reuters) - Capital Product Partners LP ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 REVENUE FELL 9 PERCENT TO $26.8 MILLION.Q1 REVENUE ESTIMATE $51.8 MILLION -- REFINITIV IBES DATA.Q1 LOSS PER SHARE $0.10 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE ESTIMATE $0.34 -- REFINITIV IBES DATA.  Full Article

Capital Product Partners L.P. Q4 Earnings Per Share $0.08
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Capital Product Partners LP ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FOURTH QUARTER 2018 FINANCIAL RESULTS.Q4 REVENUE $74.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $65.5 MILLION.Q4 EARNINGS PER SHARE $0.08.Q4 EARNINGS PER SHARE ESTIMATE $0.05 -- REFINITIV IBES DATA."PRODUCT TANKER MARKET REGISTERED A ROBUST RECOVERY IN Q4 OF 2018".BEGINNING OF QUARTER PRODUCT TANKER MARKET WAS WEAK IN LINE WITH PREVIOUS QUARTERS.PRODUCT TANKER MARKET GAINED MOMENTUM FROM EARLY NOVEMBER ONWARDS.STRONGER CRUDE MARKET SIGNIFICANTLY REDUCED CARGO POACHING BY NEWBUILDING CRUDE TANKERS ON CLEAN ROUTES.CAPITAL PRODUCT PARTNERS - REFINERY OUTAGES IN BRAZIL AND MEXICO REQUIRED SUBSTANTIAL VOLUMES TO BE MOVED WITH PRODUCT TANKERS TO MEET DEMAND.PRODUCT TANKER MARKET WAS BOLSTERED BY SEASONALLY STRONGER DEMAND DUE TO INCREASED HEATING OIL CONSUMPTION.SUEZMAX SPOT MARKET EXPERIENCED HIGHER RATES IN Q4 OF 2018.SUEZMAX TANKER MARKET WAS BUOYED BY INCREASED OPEC PRODUCTION IN FIRST 2 MONTHS OF QUARTER AND STRONG IMPORTS INTO CHINA.SUEZMAX TANKER MARKET SECTOR ALSO BENEFITTED FROM DELAYS IN TURKISH STRAITS WHICH LIMITED VESSEL AVAILABILITY IN QUARTER.CAPITAL PRODUCT - LONG-TERM FUNDAMENTALS OF PRODUCT & CRUDE TANKER MARKET REMAIN STRONG IN VIEW OF UNDERLYING DEMAND, DECLINING ORDERBOOK, CHANGING REGULATORY ENVIRONMENT.  Full Article

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