Capital Product Partners

Capital Product Partners LP is a shipping company, which engages in the seaborne transportation of containerized goods and dry cargo. It owns panamax container and capesize bulk carrier vessels. The company was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

Earnings data Q4 2020

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Capital Product Partners reports Q4 results, focuses on growth

Capital Product Partners navigated Q4 2022 with mixed financial results, balancing revenue growth with increased expenses and interest costs.
The company's strategic moves, including unit repurchases, acquisitions, and charter coverage, reflect a focus on long-term sustainability and growth.
While facing challenges such as rising costs, Capital Product Partners remains positioned to leverage opportunities in vessel acquisitions and market conditions.
Investors should monitor the company's financial performance and strategic decisions to assess its resilience and value creation potential.

Capital Product Partners reports Q1 2023 mixed results amid growth opportunities

Capital Product Partners reported mixed financial performance in Q1 2023 with lower net income but higher total revenue, driven by completed transactions and new employment.
The partnership faces challenges related to declining profitability, increased debt, and tight margins, necessitating a focus on cost management and operational efficiency.
However, with a strong revenue backlog, high charter coverage, and growth opportunities through fleet expansion, Capital Product Partners is well-positioned for long-term success.
Strategic initiatives like partnerships or market diversification could further enhance the partnership's competitive position and drive future growth.

Capital Product Partners reports robust Q2 earnings amid market challenges

Capital Product Partners (CPLP) delivered a strong Q2 2023 performance, supported by operational efficiency and revenue growth.
While facing challenges from market fluctuations, CPLP's strategic positioning and robust revenue backlog offer stability and growth potential.
The partnership's focus on fleet enhancement, growth opportunities, and financial management underscores a balanced approach to long-term success.

Capital Product Partners reports robust Q3 earnings and strategic transformation

Capital Product Partners delivered a strong financial performance in Q3 2023, marked by revenue growth and strategic initiatives to enhance profitability.
While facing challenges in managing debt levels and undergoing a corporate structure conversion, the partnership remains focused on leveraging market opportunities and optimizing its asset portfolio.
With a clear strategic direction towards LNG carriers and asset optimization, Capital Product Partners is poised to capitalize on market trends and drive sustainable growth in the future.

Capital Product Partners reports strong Q4 earnings amidst strategic acquisitions

Capital Product Partners (CPLP) posted solid financial performance in Q4 2023, driven by strategic acquisitions and revenue generation. The company faces challenges related to high debt levels and complex restructuring plans. However, opportunities lie in securing long-term charter contracts and optimizing asset portfolio through divestment strategies.

Capital Product Partners reports robust Q1 earnings amidst LNG market dynamics

Capital Product Partners delivered a strong financial performance in Q1 2024, driven by newbuilding vessels and a gain on the sale of container vessels.
The partnership's focus on LNG vessels and a solid contracted revenue backlog provide revenue visibility and growth prospects.
However, challenges such as geopolitical disruptions and higher expenses need to be addressed to sustain profitability and financial health.
By capitalizing on market opportunities and managing challenges effectively, Capital Product Partners can enhance its position in the industry and drive future growth.

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Capital Clean Energy Carriers Corp. is an international shipping company, which engages in the seaborne transportation of natural gas, containerized goods and dry cargo. The company was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

ATHENS, Greece, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (“CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, announces today completion of our conversion from a Marshall Islands limited partnership named “Capital Product Partners L.P.” to a Marshall Islands corporation (the “Conversion”) and our adoption of a new corporate identity with a change in name to “Capital Clean Energy Carriers Corp.” and Nasdaq stock market ticker to “CCEC” (the “Name Change”).

Capital Clean Energy Carriers Corp. Announces Completion of Corporate Conversion, Change of Name, Corporate Logo and Nasdaq Ticker

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Capital Product Partners L.P. (CPLP) Q2 2024 Earnings Call Transcript

ATHENS, Greece, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the second quarter ended June 30, 2024.

Capital Product Partners L.P. Announces Second Quarter 2024 Financial Results

ATHENS, Greece, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (“CPLP”, “we” or “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, announces today the approval by a majority of our unitholders, the conflicts committee of our Board of Directors (the “Committee”), our full Board of Directors (the “Board”) and our general partner, Capital GP L.L.C. (the “General Partner”), of the conversion of CPLP from a Marshall Islands limited partnership to a Marshall Islands corporation (the “Conversion”) and the renaming of CPLP to “Capital Clean Energy Carriers Corp.” (the “Name Change”). In connection with the Conversion, our General Partner will give up its existing management and consent rights with respect to CPLP.

Capital Product Partners L.P. Announces Approval of Corporate Conversion and Name Change as It Continues Its Strategic Pivot to The LNG and Energy Transition Business

ATHENS, Greece, July 29, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on August 2, 2024, CPLP will release financial results for the second quarter ended June 30, 2024.   On the same day, Friday, August 2, 2024, CPLP will host an interactive conference call at 9:00 a.m. Eastern Time to discuss the financial results.

Capital Product Partners L.P. Schedules Second Quarter 2024 Earnings Release, Conference Call and Webcast

ATHENS, Greece, July 24, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.15 per common unit for the second quarter of 2024 ended June 30, 2024.

Capital Product Partners L.P. Announces Cash Distribution

Capital Product Partners: Still Risky After Recent Dilution And Additional Debt

ATHENS, Greece, June 03, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today announces an important strategic investment in 10 latest technology gas carriers.

Capital Product Partners L.P. Announces Further Expansion With $756.0 Million Investment in Liquid CO2 and LPG-Ammonia Carriers

ATHENS, Greece, May 09, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, is pleased to announce the appointment of Brian Gallagher as Executive Vice President for Investor Relations. Brian previously held the position of Head of Investor Relations at Euronav NV from 2014 until the end of 2023 and served on the executive management board from 2016 onwards.

Capital Product Partners L.P. Strengthens Communications Team

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The UP World LNG Shipping Index (UPI) lost 1.24% last week, while the S&P 500 index gained 0.55%.

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Capital Product Partners L.P. (NASDAQ:CPLP ) Q1 2024 Earnings Conference Call April 1, 2024 9:00 AM ET Company Participants Jerry Kalogiratos - Chief Executive Officer Spyros Leoussis - Chief Commercial Officer Conference Call Participants Omar Nokta - Jefferies Ben Nolan - Stifel Liam Burke - B.

Capital Product Partners L.P. (CPLP) Q1 2024 Earnings Call Transcript

ATHENS, Greece, April 30, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the first quarter ended March 31, 2024.

Capital Product Partners L.P. Announces First Quarter 2024 Financial Results

ATHENS, Greece, April 25, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on April 30, 2024, CPLP will release financial results for the first quarter ended March 31, 2024.

Capital Product Partners L.P. Schedules First Quarter 2024 Earnings Release, Conference Call and Webcast

ATHENS, Greece, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that the Partnership entered into a memorandum of agreement for the sale of three 10,000 TEU container vessels, built in 2011 at Samsung Heavy Industries, S. Korea: the M/V Athos, the M/V Aristomenis and the M/V Athenian. Delivery of the vessels to the buyer is expected in April 2024.

Capital Product Partners L.P. Announces the Sale of Three 10,000 TEU Container Vessels

ATHENS, Greece, March 04, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that it has entered into a memorandum of agreement for the sale of M/V Akadimos (115,534 DWT / 9,300 TEU, Eco-Flex, Wide Beam container vessel, built 2015, Daewoo-Mangalia Heavy Industries S.Α., Romania). Delivery to the buyer is expected within March 2024.

Capital Product Partners L.P. Announces the Sale of One 9,300 TEU and Two 5,100 TEU Container Vessels

Capital Product Partners has experienced a rollercoaster ride in stock price due to increased hostilities in the Red Sea region and rising shipping spot prices. CPLP has closed an agreement to acquire vessels worth $3.1 billion, expanding its asset base and delivering shareholder value. The company operates in the marine transportation sector, handling various cargoes and has made strategic moves to diversify its fleet and enter the LNG transportation sector.

Capital Product Partners: Recent Runup Still Leaves Value On The Table For Investors

Capital Product Partners L.P. (CPLP) Q4 2023 Earnings Call Transcript

ATHENS, Greece, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the fourth quarter ended December 31, 2023.

Capital Product Partners L.P. Announces Fourth Quarter 2023 Financial Results

ATHENS, Greece, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on February 2, 2024, CPLP will release financial results for the fourth quarter ended December 31, 2023.

Capital Product Partners L.P. Schedules Fourth Quarter 2023 Earnings Release, Conference Call and Webcast

The LNG shipping sector represented by the UP World LNG Shipping Index (UPI) gained 4.20% in Q4 2023, compared to the S&P 500 index's gain of 11.24%.

Another Great Quarter And Year For LNG Shippers

ATHENS, Greece, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that it successfully took delivery of the LNG Carrier (“LNG/C”) ‘Axios II'.

Capital Product Partners L.P. Announces the Successful Delivery of the LNG Carrier ‘Axios II'

ATHENS, Greece, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP”, or “we”/ “us”) (NASDAQ:CPLP) today announced the closing of the umbrella agreement (the “Umbrella Agreement”) entered into on November 13, 2023 with Capital Maritime & Trading Corp. (“Capital Maritime”) and Capital GP L.L.C. (the “General Partner”) providing for the acquisition of 11 newbuild liquefied natural gas carrier vessels (“LNG/C”) from Capital Maritime (the “Vessels”) for a total acquisition price of $3,130.0 million. Upon the closing of the Umbrella Agreement, CPLP today entered into 11 share purchase agreements to acquire 100% of the equity interests in each vessel-owning company of the Vessels (the “Vessel SPAs”).

Capital Product Partners L.P. Announces Closing of Transaction to Acquire 11 Newbuild LNG Carriers Pursuant to Umbrella Agreement

ATHENS, Greece, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP”, or “we”/ “us”) (NASDAQ:CPLP) today announced the final results of its previously announced rights offering to raise proceeds of up to $500,000,000 (the “Rights Offering”).

News for Capital Product Partners Stock (CPLP)