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.
This page provides a historical news archive for Capital Product Partners L.P. (CPLP), a Marshall Islands limited partnership that operated as an international owner of ocean-going vessels. The company’s announcements detail its activities in deep sea freight transportation, including the development of a fleet of latest generation LNG carriers and Neo-Panamax container vessels.
News items for CPLP cover topics such as quarterly and annual financial results, fleet developments, vessel acquisitions and disposals, and major strategic decisions. A central theme in later releases is the partnership’s strategic pivot toward LNG and energy transition gas shipping, including agreements to acquire 11 newbuild LNG/C vessels and a further investment in 10 gas carriers, among them dual fuel medium gas carriers and liquid CO2/multi gas carriers.
Another important strand in the CPLP news flow is the approval and completion of its corporate conversion and name change to Capital Clean Energy Carriers Corp., with a corresponding change of Nasdaq ticker from CPLP to CCEC. Related releases describe the rationale for the conversion, changes in governance, and the intention to focus on gas carriage solutions linked to the energy transition.
Investors and researchers can use this archive to review how CPLP reported on its financial performance, capital investments, vessel deliveries, container fleet divestments, and the steps leading to its transformation into Capital Clean Energy Carriers Corp. For current developments after the conversion and name change, subsequent news is issued under the Capital Clean Energy Carriers Corp. name and CCEC ticker.
Capital Product Partners L.P. (NASDAQ: CPLP) announced an annual meeting for Limited Partners on September 23, 2021, at its headquarters in Greece. Unitholders registered by July 27, 2021, are entitled to vote. The notice, proxy statement, and Annual Report on Form 20-F are being distributed to unitholders, with electronic copies available on the Partnership's website.
CPLP is an international owner of ocean-going vessels, currently holding 16 vessels, including various types of container ships and a bulk carrier.
Capital Product Partners (CPLP) reported second-quarter 2021 results with revenues of $39.8 million, up 9% from $36.6 million in Q2 2020. Net income surged to $35.4 million, a 307% increase year-over-year, bolstered by a $25.4 million gain from the sale of the M/V 'CMA CGM Magdalena'. Earnings per common unit reached $1.89, significantly above $0.46 in Q2 2020. Total expenses increased to $25.6 million, primarily due to fleet expansion. A distribution of $0.10 per common unit was announced, with a unit repurchase program in effect.
Capital Product Partners L.P. (CPLP) will announce its financial results for Q2 2021 on July 30, 2021, before NASDAQ opens. An interactive conference call to discuss these results is scheduled for the same day at 9:00 am ET. Investors can access the call at specific dial-in numbers or through a live webcast available on the company's website. CPLP operates a fleet of 16 vessels, including Neo-Panamax and Panamax container ships. The partnership emphasizes forward-looking statements that come with risks and uncertainties, urging caution regarding future performance.
Capital Product Partners L.P. (NASDAQ: CPLP) announced a cash distribution of $0.10 per common unit for Q2 2021, which ended on June 30, 2021. This distribution will be paid on August 10, 2021 to holders on record as of August 3, 2021.
CPLP currently owns 16 vessels, comprising twelve Neo-Panamax container vessels, three Panamax container vessels, and one Capesize bulk carrier.
Capital Product Partners L.P. (NASDAQ: CPLP) announced the delivery of the M/V 'CMA CGM Magdalena', generating approximately $49.2 million in gross proceeds following debt repayment. This sale is part of a larger agreement involving the M/V 'Adonis', with total consideration of $195.0 million expected upon its delivery in July/August 2021. Currently, CPLP operates 16 vessels including twelve Neo-Panamax container vessels, underpinning its position in the international maritime industry.
Capital Product Partners L.P. (NASDAQ: CPLP) has filed its annual report on Form 20-F for the year ended December 31, 2020, with the SEC. This report includes the Partnership's audited financial statements. Unitholders can access an electronic copy on the Partnership's website or request a hard copy. Capital Product Partners is a master limited partnership based in the Marshall Islands, owning 17 vessels, including 13 Neo-Panamax container vessels, 3 Panamax container vessels, and 1 Capesize bulk carrier.
Capital Product Partners L.P. (CPLP) announced its Q1 2021 financial results, reporting revenues of $38.1 million, a 13% increase from Q1 2020. Net income rose by 63% to $10.9 million, with earnings per unit at $0.57. Total expenses increased 8% to $24.2 million. The Partnership also declared a cash distribution of $0.10 per unit and repurchased 133,423 units at an average price of $10.46. Two container vessels were sold for $195 million, expected to produce a $47.8 million capital gain.
Capital Product Partners L.P. (NASDAQ:CPLP) has declared a cash distribution of $0.10 per common unit for Q1 2021, ending March 31, 2021. This distribution will be paid on May 10, 2021, to common unit holders of record as of May 3, 2021. The company owns 17 vessels, including thirteen Neo-Panamax and three Panamax container vessels, highlighting its significant presence in the shipping industry. For additional details, visit capitalpplp.com.
Capital Product Partners L.P. (NASDAQ: CPLP) will release its Q1 2021 financial results before the NASDAQ market opens on April 29, 2021. On the same day, a conference call is scheduled for 10:00 am ET to discuss these results. Participants can join the call via various dial-in numbers. A telephonic replay will be available until May 6, 2021, and a live webcast will be accessible on their website. CPLP owns 17 vessels, including container and bulk carriers, providing it with a diverse shipping portfolio.
Capital Product Partners L.P. (CPLP) announced the sale of two container vessels, M/V 'CMA CGM Magdalena' and M/V 'Adonis', for a total of $195 million. The vessels are expected to be delivered in May and July/August 2021. The carrying values of the vessels were $72.7 million and $71.7 million, respectively, leading to gross cash proceeds of approximately $97.6 million after debt repayment. CPLP currently owns 17 vessels, enhancing its operational capacity in the maritime industry.