CPLP Capital Product Partners L.P. featured news, full reports, and detailed charts
Capital Product Partners L.P. (CPLP) Wrap Up:
We are a limited partnership incorporated as Capital Product Partners L.P. under the laws of the Marshall Islands on January 16, 2007 by Capital Maritime. On April 3, 2007, we completed our initial public offering (the “Offering”) on the Nasdaq Global Market of 13,512,500 common units at a price of $21.50 per unit. At the time of the Offering, Capital Maritime transferred all of the shares of eight wholly owned subsidiaries, each of which owned a newly built, double hull medium range product tanker, to us and we entered into an agreement with Capital Ship Management, a subsidiary of Capital Maritime, to provide management and technical services in connection with these and future vessels. As of March 31, 2008, Capital Maritime owned a 45.6% interest in us, including a 2% interest through its ownership of our general partner, Capital GP L.L.C. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f04%2f0000950157-08-000257.html#FIS_COMPANY_INFORMATION"www.capitalpplp.com
Founded in 2003
Capital Product Partners L.P. (CPLP:NASDAQ)
LAST $7.57 USD
CHANGE TODAY -0.13 -1.69%
VOLUME 111.3K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Capital Product Partners L.P. (CPLP)
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OPEN
$7.75
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PREVIOUS CLOSE
$7.70
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DAY HIGH
$7.75
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DAY LOW
$7.50
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52 WEEK HIGH
07/30/09 - $11.49
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52 WEEK LOW
03/6/09 - $5.21
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MARKET CAP
187.9M
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AVERAGE VOLUME 3 mo
149.1K
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DILUTED EPS TTM
$1.48
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SHARES OUTSTANDING
24.8M
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EX-DATE
11/3/09
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P/E TTM
5.1x
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DIVIDEND
$2.28
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DIVIDEND YIELD
30.12%
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| K = Thousands M = Millions B = Billions | ||
CPLP Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Capital Product Partners L.P. (CPLP)
Capital Product Partners L.P. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2009
10/30/2009
Capital Product Partners L.P. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. The Partnership's net income for the quarter ended September 30, 2009 was $7.1 million or $0.28 per limited partnership unit, which is $0.04 less than the $0.32 per unit from the previous quarter ended June 30, 2009, and $0.34 lower than the third quarter last year. This drop compared to last year is primarily due to the absence of profit sharing revenues and higher interest expenses. Operating surplus for the quarter ended September 30, 2009 was $10.7 million, less than the $11.5 million from the second quarter of 2009 and lower than the $18.7 million from the third quarter of 2008. Revenues for the third quarter of 2009 were $30.5 million compared to $36.0 million of revenues in the third quarter of 2008. Operating income was $15.2 million against $22.1 million a year ago. Net cash provided by operating activities was $14.5 million. Replacement capital expenditures were $3.8 million. For the nine months, the company reported operating income of $47.4 million against $52.6 million a year ago. Net income was $24.8 million or $0.95 per limited partnership unit against $35.0 million or $1.49 per limited partnership unit a year ago. Revenues were $94.1 million against $95.3 million a year ago. Net cash provided by operating activities was $53.7 million against $51.8 million a year ago.
Capital Product Partners L.P. Announces Cash Dividend Payable on November 13, 2009
10/26/2009
Capital Product Partners L.P. announced that its board of directors has declared a cash distribution of $0.41 per unit for the third quarter ended September 30, 2009. The third quarter cash distribution remains unchanged from the previous cash distribution of $0.41 per unit, which was paid for the period from April 1, 2009 to June 30, 2009. The minimum quarterly distribution at the time of the IPO was set at $0.375. The cash distribution for the third quarter is payable on November 13, 2009, to unitholders of record on November 5, 2009.
Capital Product Partners L.P. expected to Report Fiscal Year 2009 Results on February 3, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
10/22/2009
Capital Product Partners L.P. expected to Report Fiscal Year 2009 Results on February 3, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
CPLP Competitors
| Company | Last | Change | |
| No competitor information is available for CPLP. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | CPLP | Industry Range |
| Price/Earnings | 5.2x |
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| Price/Sales | 1.4x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | 2.8x |
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| TEV/Sales | NM | Not Meaningful |
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CPLP |
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More Recent News About Capital Product Partners L.P.
More news for CPLP
3rd Annual Capital Link "Invest in International Shipping" Forum a Great Success
NEW YORK, NY--(MARKET WIRE)--Apr 2, 2009 -- The 3rd Annual Capital Link Forum "Invest in International Shipping" took place last week in New York City with tremendous success. The Conference was completely booked with a participation of 742 attendees and with standing room only for most presentations throughout the day. Attendance increased by over 25% from last year, setting a new record. The level of investor participation demonstrated that shipping remains in the radar of Wall Street despite the overall current market volatility.The objective of the Forum was to provide investors with a comprehensive review and outlook of the various shipping markets as well as of the participating companies. The Forum also aimed to enhance the information flow between investors and shipping companies and to increase the awareness about shipping as an industry to a wide audience of investors.CONFERENCE MATERIAL AVAILABLE ON WEBSITEAll conference material, including an audio webcast of the various panels, is accessible on Capital Link's shipping website, at www.CapitalLinkShipping.comThe conference featured panels on several topics of current interest, company presentations and one-on-one meetings between company management and investors.THE GLOBAL ECONOMY - DEVELOPMENTS AND OUTLOOKMr. Guy Verberne -- Head of Economics and Investment Strategy of Fortis Bank Nederland/Global Markets -- gave his view on likely economic developments following the collapse of Lehman Brothers in the middle of September of last year.The 'fear shock' that was the Lehman Brothers bankruptcy gave rise to very aggressive reductions in spending on co...Click here to read the whole Article (external link)
Capital Product Partners L.P. Announces Cash Distribution
ATHENS, Greece, April 24, 2009 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NasdaqGM:CPLP - News) today announced that its board of directors has declared a cash distribution of $0.41 per unit for the first quarter ended March 31, 2009. The first quarter cash distribution is equal to the third quarter 2008 cash distribution paid prior to the payment of the exceptional non-recurring distribution of $1.05 per unit paid for the fourth quarter of 2008. The Partnership has previously stated its intention to revert to unit distribution levels more consistent with prior periods after paying the exceptional non-recurring cash distribution for the previous quarter. The minimum quarterly distribution at the time of the IPO was set at $0.375 per unit.The cash distribution for the first quarter is payable on May 15, 2009, to unitholders of record on May 7, 2009.About Capital Product Partners L.P.Capital Product Partners L.P. (NasdaqGM:CPLP - News), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. Capital Product Partners L.P. owns 18 modern vessels, comprising 15 MR tankers, two small product tankers and one Suezmax crude oil tanker. All 18 vessels are under mediu...Click here to read the whole Article (external link)
CAPITAL PRODUCT PARTNERS L.P. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Capital Product Partners L.P. Announces First Quarter Financial Results and New Charters
ATHENS, Greece, April 30, 2009 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the ``Partnership'') (NasdaqGM:CPLP - News), an international owner of modern double-hull tankers, today released its financial results for the first quarter ended March 31, 2009. The Partnership's net income for the quarter ended March 31, 2009 was $8.8 million, or $0.35 per limited partnership unit, which is 19 cents less than the $0.54 per unit from the previous quarter ended December 31, 2008, primarily due to the lower profit sharing revenues for the quarter and is equal to the net income per unit of $0.35 for the first quarter of 2008.Operating surplus for the quarter ended March 31, 2009 was $11.9 million, below the $17.4 million from the fourth quarter of 2008 and higher than the $10.2 million from the first quarter of 2008. Operating surplus is a non-GAAP financial measure used by certain investors to measure the financial performance of the Partnership and other master limited partnerships. (Please see Appendix A for a reconciliation of this non-GAAP financial measure to net income.)Revenues for the first quarter of 2009 were $30.2 million, consisting of $29.5 million fixed revenue from time and bareboat charter agreements and $0.7 million in profit sharing revenues compared to $27.2 million of revenues in the first quarter of 2008. The first quarter 2009 profit share contribution is lower compared to the $6.1 million in profit sharing revenues for the previous quarter. This decrease is attributed to the deteriorating conditions prevailing ...Click here to read the whole Article (external link)
Capital Product Partners L.P. Announces Cash Distribution
ATHENS, Greece, July 27, 2009 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (Nasdaq:CPLP - News) today announced that its board of directors has declared a cash distribution of $0.41 per unit for the second quarter ended June 30, 2009. The second quarter cash distribution remains unchanged from the previous cash distribution of $0.41 per unit, which was paid for the period from January 1, 2009 to March 31, 2009. The minimum quarterly distribution at the time of the IPO was set at $0.375. The cash distribution for the second quarter is payable on August 14, 2009, to unit holders of record on August 6, 2009. About Capital Product Partners L.P. Capital Product Partners L.P. (Nasdaq:CPLP - News), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. Capital Product Partners L.P. owns 18 modern vessels, comprising 15 MR tankers, two small product tankers and one Suezmax crude oil tanker. All 18 vessels are under medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group, Shell International Trading & Shipping Company Ltd. and Trafigura Beheer B.V. For more information abo...Click here to read the whole Article (external link)
Capital Link Launches a Series of Stockmarket Maritime Indices
NEW YORK, NY--(Marketwire - 06/29/09) - Capital Link, Inc., a New York based Investor Relations and Advisory firm with a strategic focus on shipping, announced the launching of a series of stockmarket Maritime Indices. The Indices track the performance of the stocks of listed shipping companies as follows:� Capital Link Maritime Focus Indices Main Index Capital Link Maritime Index Includes all US listed shipping companies Sector Indices Capital Link Dry Bulk Index Includes all US listed Dry Bulk companies Capital Link Tanker Index Includes all US listed Tanker companies Capital Link Container Index Includes all US listed container shipping companies Capital Link LNG / LPG Index Includes all US listed LNG / LPG companies Capital Link Mixed Fleet Index Includes all US listed companies operating in more than one sector Capital Link Maritime MLP Index Includes all US listed shipping MPLs Nicolas Bornozis, President of Capital Link, stated: "The objective of these indices is to enable investors, as well as all shipping market participants, to better track the performance of individual listed shipping stocks, as well as of the shipping industry and specific sectors. The Indices currently focus only on companies listed on US Exchanges, as the United States is by far the largest and most liquid market for listed shipping companies with a large and established peer group and with a well developed analyst and investor base."Index Methodology:The indices are calculated daily and are based on the market capitalization weighting of the stocks in each index.All US listed companies are included in the main index, the Capital Link Maritime Index. ...Click here to read the whole Article (external link)
Coverage initiated on Capital Product Partners by Deutsche Securities
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Capital Product Partners L.P. Announces Second Quarter Financial Results and Amendment of Certain Loan Terms
ATHENS, Greece, July 31, 2009 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the "Partnership"), (Nasdaq:CPLP - News), an international owner of modern double-hull tankers, today released its financial results for the second quarter ended June 30, 2009. The Partnership's net income for the quarter ended June 30, 2009 was $8.0 million, or $0.32 per limited partnership unit, which is $0.03 less than the $0.35 per unit from the previous quarter ended March 31, 2009, and $0.19 lower than the second quarter last year. This drop compared to last year is primarily due to the absence of profit sharing revenues and higher interest expenses. Operating surplus for the quarter ended June 30, 2009 was $11.5 million, less than the $11.9 million from the first quarter of 2009 and lower than the $15.7 million from the second quarter of 2008. Operating surplus is a non-GAAP financial measure used by certain investors to measure the financial performance of the Partnership and other master limited partnerships. (Please see Appendix A for a reconciliation of this non-GAAP financial measure to net income.) Revenues for the second quarter of 2009 were $31.2 million compared to $32.0 million of revenues in the second quarter of 2008. There were no profit sharing revenues in the second quarter of 2009 due to the very challenging spot market for both product and crude tankers throughout this period. In the second quarter of 2008 the profit sharing revenues amounted to $4.5 million. Total operating expenses for the second quart...Click here to read the whole Article (external link)
Capital Product Partners L.P. Announces Third Quarter 2009 Financial Results
ATHENS, Greece, Oct. 30, 2009 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the "Partnership"), (Nasdaq:CPLP - News), an international owner of modern double-hull tankers, today released its financial results for the third quarter ended September 30, 2009. The Partnership's net income for the quarter ended September 30, 2009 was $7.1 million or $0.28 per limited partnership unit, which is $0.04 less than the $0.32 per unit from the previous quarter ended June 30, 2009, and $0.34 lower than the third quarter last year. This drop compared to last year is primarily due to the absence of profit sharing revenues and higher interest expenses. Operating surplus for the quarter ended September 30, 2009 was $10.7 million, less than the $11.5 million from the second quarter of 2009 and lower than the $18.7 million from the third quarter of 2008. Operating surplus is a non-GAAP financial measure used by certain investors to measure the financial performance of the Partnership and other master limited partnerships. (Please see Appendix A for a reconciliation of this non-GAAP financial measure to net income.) Revenues for the third quarter of 2009 were $30.5 million compared to $36.0 million of revenues in the third quarter of 2008. There were no profit sharing revenues in the third quarter of 2009 due to the depressed spot market for both product and crude tankers throughout this period. In the third quarter of 2008 the profit sharing revenues amounted to $6.6 million. Total operating ex...Click here to read the whole Article (external link)
Capital Product Partners L.P. Announces Cash Distribution
ATHENS, Greece, Oct. 26, 2009 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (Nasdaq:CPLP - News) today announced that its board of directors has declared a cash distribution of $0.41 per unit for the third quarter ended September 30, 2009. The third quarter cash distribution remains unchanged from the previous cash distribution of $0.41 per unit, which was paid for the period from April 1, 2009 to June 30, 2009. The minimum quarterly distribution at the time of the IPO was set at $0.375. The cash distribution for the second quarter is payable on November 13, 2009, to unitholders of record on November 5, 2009. About Capital Product Partners L.P. Capital Product Partners L.P. (Nasdaq:CPLP - News), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. Capital Product Partners L.P. owns 18 modern vessels, comprising 15 MR tankers, two small product tankers and one Suezmax crude oil tanker. Our vessels are under medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group and Shell International Trading & Shipping Company Ltd. For more informati...Click here to read the whole Article (external link)
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