Welcome to our dedicated page for Capital Product Partners L.P. news (Ticker: CPLP), a resource for investors and traders seeking the latest updates and insights on Capital Product Partners L.P. stock.
Capital Product Partners L.P. (NASDAQ: CPLP) is an international, diversified shipping company specializing in the seaborne transportation of a wide range of cargoes. As a leader in the global shipping industry, CPLP transports crude oil, refined oil products such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils, certain chemicals like ethanol, and dry cargo including containerized goods.
CPLP’s fleet is versatile and includes suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers, and capsize bulk carriers. This diverse fleet enables the company to offer short-term voyage charters, medium to long-term time charters, and bareboat charters, generating revenue by charging charterers for the use of its vessels.
As a publicly traded master limited partnership, CPLP has elected to be treated as a C-corp for tax purposes, benefiting U.S. investors who receive the standard 1099 form. The company is well-positioned to capitalize on the long-term growth dynamics of the global shipping industry and potential acquisition opportunities in the fragmented market.
Recently, CPLP has been engaged in several strategic ventures. They benefit from their commercial and technical management agreement with their sponsor, Capital Maritime & Trading Corp., a well-established and reputable diversified shipping company. This partnership strengthens CPLP’s ability to deliver consistent and reliable services in the seaborne transportation sector.
Stay updated with the latest news and developments from CPLP:
- On February 2, 2024, CPLP will host a conference call to discuss the financial results.
- On April 25, 2024, the Board of Directors declared a cash distribution of $0.15 per common unit for the first quarter of 2024, payable on May 14, 2024.
- Updates on the acquisition of 10 vessels under construction are available, enhancing the company's fleet capabilities.
Capital Product Partners L.P. (CPLP) has released its fourth-quarter financial results for 2020, showing a 27% revenue increase to $35.1 million and a 26% rise in net income from continuing operations to $7.3 million. Operating expenses rose by 35% to $24.6 million, impacting net income per common unit, which increased by 23% to $0.38. Notably, CPLP agreed to acquire three 5,100 TEU container vessels for $40.5 million, secured with a five-year charter. The company reported an up to $30 million common unit repurchase program and a quarterly distribution of $0.10 per unit.
Capital Product Partners L.P. (NASDAQ: CPLP) will announce its fourth-quarter financial results for the period ended December 31, 2020, before the market opens on January 29, 2021. An interactive conference call is scheduled for the same day at 9:00 am ET to discuss the results. Participants can join via various dialing options or through a live webcast on the company's website. Capital Product Partners operates 14 vessels and specializes in ownership of ocean-going vessels.
Capital Product Partners L.P. (NASDAQ: CPLP) announced a cash distribution of $0.10 per common unit for Q4 2020. This distribution will be paid on February 10, 2021 to holders of record as of February 2, 2021. CPLP currently owns 14 vessels, comprising 13 neo panamax container vessels and 1 capesize bulk carrier. The company emphasizes its position as an international owner of ocean-going vessels.
Capital Product Partners (CPLP) reported strong third-quarter results for 2020, achieving revenue of $35.5 million, a 34% increase from $26.4 million in Q3 2019. Net income rose to $7.8 million, up 131% year-over-year, translating to $0.41 per unit compared to $0.18 in the previous year. Operating surplus for the quarter was $21.0 million. The partnership declared a cash distribution of $0.10 per common unit. While the company shows solid performance against last year, management remains cautious about the medium to long-term outlook due to ongoing COVID-19 uncertainties.
Capital Product Partners L.P. (NASDAQ: CPLP) will release its third-quarter financial results for the period ended September 30, 2020, before the market opens on November 2, 2020. The company will hold an interactive conference call at 9:00 AM ET on the same day to discuss the findings. Participants can join via phone or through a live webcast on CPLP's official website. Capital Product Partners is an international owner of ocean-going vessels, currently owning 14 vessels, including 13 neo panamax container vessels and one capesize bulk carrier.
Capital Product Partners L.P. (NASDAQ: CPLP) announced a cash distribution of $0.10 per common unit for Q3 2020, with a record date of November 2, 2020 and payment scheduled for November 10, 2020. The partnership owns 14 vessels, including 13 neo panamax container vessels and one capesize bulk carrier. This distribution follows their financial performance for the period ended September 30, 2020, emphasizing the company's stable payout strategy amidst ongoing maritime operations.
On September 24, 2020, Capital Product Partners L.P. (CPLP) held its annual meeting in Athens, Greece. Key outcomes included the re-election of Rory Hussey as a Class I Director until the 2023 meeting and the ratification of Deloitte Certified Public Accountants S.A. as the independent accounting firm for the fiscal year ending December 31, 2020. CPLP is an international owner of ocean-going vessels, currently owning 14 ships, including 13 neo panamax container vessels and one capesize bulk carrier.
Capital Product Partners L.P. (NASDAQ: CPLP) declared a cash distribution of $0.10 per common unit for the second quarter of 2020, ending June 30, 2020. The payment is scheduled for August 14, 2020, to holders of record on August 9, 2020. Currently, CPLP owns 14 vessels, including 13 neo panamax container vessels and 1 capesize bulk carrier. This announcement reflects the partnership's ongoing commitment to return capital to its investors while managing its fleet effectively.
Capital Product Partners L.P. (CPLP) reported second-quarter 2020 results, revealing revenues of $36.6 million and net income of $8.7 million. The operating surplus was $25.5 million, with $16.2 million after reserve allocations. Common unit distribution was declared at $0.10 per unit, with revised annual guidance of $0.40. COVID-19 impacted vessel operations, leading to increased costs and reduced charter rates. Despite these challenges, CPLP remains compliant with financial covenants and has secured new employment for its vessels, maintaining strong liquidity with $54.1 million in cash.
Capital Product Partners L.P. (NASDAQ: CPLP) will release its second quarter financial results for 2020 on July 31, before the NASDAQ market opens. A conference call will follow at 9:00 am ET to discuss the results. Interested participants can join the call using specific dial-in numbers. Additionally, a live webcast will be available on the company’s website, with a replay accessible until August 7. CPLP currently owns 14 vessels, enhancing its position in the international shipping market.
FAQ
What is the current stock price of Capital Product Partners L.P. (CPLP)?
What is the market cap of Capital Product Partners L.P. (CPLP)?
What does Capital Product Partners L.P. (CPLP) specialize in?
How does CPLP generate revenue?
What types of vessels does CPLP operate?
What are the tax benefits for U.S. investors of CPLP?
Who manages CPLP’s commercial and technical operations?
What recent financial update has CPLP announced?
What recent distribution did CPLP declare for its common unit holders?
Is CPLP involved in any recent acquisitions?
Where can I find the latest updates on CPLP’s financial performance?
How does CPLP’s partnership with Capital Maritime & Trading Corp. benefit them?
