STOCK TITAN

Capital Product Partners L P - CPLP STOCK NEWS

Welcome to our dedicated news page for Capital Product Partners L P (Ticker: CPLP), a resource for investors and traders seeking the latest updates and insights on Capital Product Partners L P.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Capital Product Partners L P's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Capital Product Partners L P's position in the market.

Rhea-AI Summary
Capital Product Partners L.P. (CPLP) announces the sale of three container vessels as part of its strategic shift towards LNG carriers and energy transition shipping. The sale of seven container vessels is expected to generate approximately $182.5 million after debt repayment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
-
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) announced the sale of multiple ocean-going vessels, including M/V Akadimos, M/V Fos Express, and M/V Seattle Express, expecting gross cash proceeds of around $81.0 million after debt repayment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
-
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) released its financial results for the fourth quarter ended December 31, 2023. The company reported a 20% increase in revenues, but a 40% decrease in net income. The financials also revealed a $500.0 million rights offering and the acquisition of 11 LNG Carriers. However, the total debt increased by $488.6 million compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.09%
Tags
earnings
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) will release financial results for the fourth quarter ended December 31, 2023, on February 2, 2024, and host an interactive conference call to discuss the financial results. The company is an international owner of ocean-going vessels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
Tags
earnings
-
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) has declared a cash distribution of $0.15 per common unit for the fourth quarter of 2023, to be paid on February 13, 2024. The announcement was made on January 25, 2024, and the distribution is for common unit holders of record on February 6, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
none
-
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) successfully took delivery of the LNG Carrier 'Axios II' as part of an agreement to acquire 11 LNG/Cs. The vessel has commenced a one-year time charter at a market-linked rate, followed by a seven-year bareboat charter with Bonny Gas Transport Limited. The acquisition was financed with cash from the balance sheet, a new senior secured loan facility, and a seller's credit agreement. Axios II is the ninth latest generation LNG/C of the Partnership, with the remaining nine vessels expected to be delivered between the second quarter of 2024 and the first quarter of 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
Tags
none
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) closed an umbrella agreement with Capital Maritime & Trading Corp. for the acquisition of 11 newbuild liquefied natural gas carrier vessels for a total acquisition price of $3,130.0 million. The vessels have a capacity of 174,000 Cubic Meters and were built or are under construction at Hyundai Heavy Industries Co., LTD and Hyundai Samho Heavy Industries Co. Ltd., South Korea. The acquisition also involved a $500.0 million Rights Offering and a $220.0 million Sellers’ Credit. Post-closing actions include the disposal of container vessels and a change in business focus to concentrate on the LNG/C market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
acquisition
-
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) announced the final results of its rights offering to raise proceeds of up to $500,000,000. The Rights Offering resulted in subscriptions for 445,988 common units at an exercise price of $14.25 per Common Unit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
-
Rhea-AI Summary
Capital Product Partners L.P. (CPLP) has announced the commencement of a rights offering to raise proceeds of up to $500,000,000. Each holder of common units representing limited partnership interests in CPLP will receive one non-transferable right to purchase 1.758657 Common Units at a subscription price of $14.25 per whole Common Unit. The subscription period for the Rights Offering will end on December 13, 2023. The proceeds will be used to finance the purchase of 11 LNG/C vessels from Capital Maritime.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.54%
Tags
partnership acquisition
Capital Product Partners L P

Nasdaq:CPLP

CPLP Rankings

CPLP Stock Data

960.43M
4.67M
81.99%
5.31%
0.1%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Greece
Peiraias

About CPLP

capital product partners l.p. (nasdaq: cplp) is an international, diversified shipping company and leader in the seaborne transportation of a wide range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil, jet fuel and edible oils, as well as dry cargo and containerized goods. as a publicly traded master limited partnership, cplp has elected to be treated as a c-corp. for tax purposes which is most beneficial for u.s. investors (as they receive the standard 1099 form). the partnership is well-positioned to benefit from the long-term growth dynamics of the global shipping industry and to capitalize on potential acquisition opportunities in the fragmented shipping market. cplp benefits from the commercial and technical management agreement with its sponsor, capital maritime & trading corp. ("capital maritime"​), an established and reputable diversified shipping company.