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) maintains this comprehensive news hub for stakeholders tracking developments in global maritime logistics. Our curated collection features official press releases, financial disclosures, and operational updates from this leading master limited partnership specializing in diversified cargo transportation.
Investors and industry observers will find essential information on quarterly earnings, vessel acquisitions, and charter agreements, along with strategic partnerships impacting crude oil, refined products, and containerized goods shipping markets. The archive serves as a reliable resource for understanding CPLP's position within evolving energy transportation demands and global trade patterns.
All content undergoes verification to ensure accuracy regarding fleet operations, regulatory compliance updates, and management decisions. Regular updates provide insights into how CPLP's MLP structure and long-term charters contribute to stable returns in the cyclical shipping industry.
Bookmark this page for direct access to primary source materials about CPLP's market activities. Combine these updates with SEC filings and investor presentations for complete analysis of this NASDAQ-listed maritime transportation provider.
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.
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