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Capital Product Partners LP (CPLP.OQ)

CPLP.OQ on NASDAQ Stock Exchange Global Select Market

10.19USD
24 May 2019
Change (% chg)

$0.21 (+2.10%)
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$9.98
Open
$10.06
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$10.21
Day's Low
$10.00
Volume
12,211
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28,629
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$22.54
52-wk Low
$9.90

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

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