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. 

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