Capital Product Partners L.P. (CPLP) news stock charts
Capital Product Partners L.P. (CPLP) Investment Summary:
Capital Product Partners L.P. owns double-hull medium-range product tankers worldwide. The company provides marine transportation services under medium to long-term time charters or bareboat charters. As of December 31, 2008, its fleet consisted of 18 vessels, including 15 MR tankers, 2 small product tankers, and 1 Suezmax crude oil tanker. These vessels are capable of carrying crude and refined oil products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, such as ethanol. Capital GP L.L.C. serves as a general partner of the company. Capital Product Partners was founded in 2003 and is headquartered in Piraeus, Greece.CAPITAL PRODUCT PARTNERS LP (CPLP:NASDAQ)
Snapshot of CAPITAL PRODUCT PARTNERS LP (CPLP)
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OPEN
$8.74
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PREVIOUS CLOSE
$8.76
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DAY HIGH
$8.76
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DAY LOW
$8.51
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52 WEEK HIGH
07/30/09 - $11.49
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52 WEEK LOW
04/8/09 - $6.36
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MARKET CAP
262.4M
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AVERAGE VOLUME 10 D
243.9K
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EPS TTM
$1.16
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SHARES OUTSTANDING
30.6M
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EX-DATE
02/4/10
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P/E TTM
7.4x
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DIVIDEND
$1.64
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DIVIDEND YIELD
19.14%
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| K = Thousands M = Millions B = Billions | ||
Key developments for CAPITAL PRODUCT PARTNERS LP (CPLP)
Capital Product Partners L.P. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 3, 2010).
Capital Product Partners L.P. announced that its board of directors has declared a cash distribution of $0.41 per unit for the fourth quarter ended December 31, 2009. The fourth quarter cash distribution remains unchanged from the previous quarterly cash distribution of $0.41 per unit. The minimum quarterly distribution at the time of the IPO was set at $0.375. The cash distribution for the fourth quarter is payable on February 17, 2010, to unit holders of record on February 8, 2010.
Capital Product Partners L.P. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, revenues were $29,404,000 against $37,383,000 a year ago. Operating income was $13,321,000 against $21,533,000 a year ago. The company's net income for the quarter ended December 31, 2009 was $5,276,000 against $14,716,000 for the same period a year ago. The company's net income for the quarter ended December 31, 2009 was $0.21 per limited partnership unit, which is $0.07 lower than the $0.28 per unit from the previous quarter ended September 30, 2009, and $0.15 higher than the $0.06 per unit from the fourth quarter of 2008 as adjusted by the provisions of the Application of the Two Class Method. Net cash provided by operating activities was $12,618,000. Replacement capital expenditures were $2,454,000. The lower revenues for the fourth quarter of 2009 are mainly due to the absence of profit share revenues, as the product tanker spot market remained at historically depressed levels. For the full year, revenues were $123,477,000 against $132,675,000 a year ago. Operating income was $60,684,000 against $74,094,000 a year ago. Net income was $30,035,000 or $1.15 per basic and diluted unit against net income of $49,719,000 or $1.56 per basic and diluted unit a year ago. Net cash provided by operating activities was $70,078,000 against $75,144,000 a year ago.
Capital Product Partners L.P. financial resources
CPLP Competitors
| Company | Last | Change | |
| No competitor information is available for CPLP. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | CPLP | Industry Range |
| Price/Earnings | 7.4x |
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| Price/Sales | 1.7x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 4.6x |
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| TEV/Sales | NM | Not Meaningful |
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CPLP |
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