Capital Product Partners L.P Key Executives

This section highlights Capital Product Partners L.P's key executives, including their titles and compensation details.

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Capital Product Partners L.P Earnings

This section highlights Capital Product Partners L.P's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date:
Time:
Est. EPS: $-
Status: Unconfirmed

Last Earnings Results

Date: November 11, 2024
EPS: $-
Est. EPS: $0.49
Revenue: $-

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q2 2024 2024-08-03 N/A N/A
Read Transcript Q1 2024 2024-04-30 $0.31 $0.32
Read Transcript Q4 2023 2024-02-02 $0.55 $0.48
Read Transcript Q3 2023 2023-11-13 $0.65 $0.84
Read Transcript Q2 2023 2023-07-28 $0.69 $0.36
Read Transcript Q1 2023 2023-05-06 N/A N/A

Capital Product Partners L.P. (CPLP)

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transport a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters. As of April 27, 2022, the company owned 21 vessels, including 11 Neo-Panamax container vessels, three Panamax container vessels, one cape-size bulk carrier, and six LNG carriers. Capital GP L.L.C. serves as the general partner of the company. The company was incorporated in 2007 and is headquartered in Piraeus, Greece.

Industrials Marine Shipping

$16.77

Stock Price

$979.16M

Market Cap

-

Employees

Piraeus, None

Location

Financial Statements

Access annual & quarterly financial statements for Capital Product Partners L.P, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019
Revenue $360.59M $299.07M $184.66M $140.87M $108.37M
Cost of Revenue $184.81M $152.97M $104.75M $86.43M $62.74M
Gross Profit $175.78M $146.10M $79.91M $54.44M $45.63M
Gross Profit Ratio 48.70% 48.85% 43.30% 38.65% 42.11%
Research and Development Expenses $- $- $- $- $-
General and Administrative Expenses $13.45M $10.68M $8.66M $7.20M $5.50M
Selling and Marketing Expenses $- $- $- $- $-
Selling General and Administrative Expenses $13.45M $10.68M $8.66M $7.20M $5.50M
Other Expenses $- $-1.85M $247.00K $-135.00K $1.32M
Operating Expenses $13.45M $10.68M $8.66M $7.20M $5.50M
Cost and Expenses $198.25M $163.65M $113.42M $93.62M $68.24M
Interest Income $- $55.42M $20.13M $16.74M $15.84M
Interest Expense $104.86M $55.42M $20.13M $16.74M $17.04M
Depreciation and Amortization $85.09M $81.28M $54.22M $53.10M $43.64M
EBITDA $247.42M $262.12M $125.72M $100.21M $85.10M
EBITDA Ratio 68.62% 71.84% 68.08% 71.14% 78.52%
Operating Income $162.33M $133.57M $71.50M $47.24M $40.13M
Operating Income Ratio 45.02% 44.66% 38.72% 33.54% 37.03%
Total Other Income Expenses Net $-115.12M $-8.15M $-19.88M $-16.88M $-15.71M
Income Before Tax $47.21M $125.42M $98.18M $30.37M $24.42M
Income Before Tax Ratio 13.09% 41.94% 53.17% 21.56% 22.53%
Income Tax Expense $- $-47.27M $20.38M $16.61M $165.24M
Net Income $47.21M $172.70M $77.80M $13.76M $-140.82M
Net Income Ratio 13.09% 57.74% 42.13% 9.77% -129.94%
EPS $2.15 $8.94 $4.24 $0.76 $-7.75
EPS Diluted $2.15 $8.94 $4.24 $0.76 $-7.75
Weighted Average Shares Outstanding 21.18M 19.33M 18.34M 18.19M 18.18M
Weighted Average Shares Outstanding Diluted 21.18M 19.33M 18.34M 18.19M 18.18M
SEC Filing Source Source Source Source Source


Breakdown June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019
Revenue $97.67M $104.49M $95.51M $95.53M $88.53M $81.02M $79.90M $71.86M $73.96M $73.36M $63.57M $43.12M $39.82M $38.14M $35.09M $35.52M $36.57M $33.69M $27.70M $26.44M
Cost of Revenue $44.96M $50.50M $45.77M $48.39M $48.28M $42.36M $38.11M $37.66M $38.55M $38.64M $32.99M $25.29M $23.94M $22.54M $22.84M $22.00M $20.84M $20.75M $16.23M $17.85M
Gross Profit $52.71M $54.00M $49.73M $47.13M $40.26M $38.65M $41.78M $34.19M $35.41M $34.72M $30.58M $17.83M $15.89M $15.61M $12.25M $13.52M $15.73M $12.94M $11.47M $8.59M
Gross Profit Ratio 54.00% 51.70% 52.10% 49.30% 45.50% 47.70% 52.30% 47.60% 47.90% 47.30% 48.10% 41.40% 39.90% 40.90% 34.90% 38.06% 43.03% 38.40% 41.42% 32.50%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $3.30M $4.42M $5.74M $2.60M $2.33M $2.78M $4.02M $2.77M $2.35M $1.55M $2.75M $2.56M $1.71M $1.65M $1.75M $1.83M $1.82M $1.79M $2.02M $1.50M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $3.30M $4.42M $5.74M $2.60M $2.33M $2.78M $4.02M $2.77M $2.35M $1.55M $2.75M $2.56M $1.71M $1.65M $1.75M $1.83M $1.82M $1.79M $2.02M $1.50M
Other Expenses $- $1.95M $177.00K $262.00K $2.95M $-2.16M $1.78M $-5.02M $-931.00K $2.32M $-323.00K $228.00K $39.00K $303.00K $133.00K $-380.00K $-86.00K $198.00K $202.00K $403.00K
Operating Expenses $3.30M $4.42M $5.74M $2.60M $2.33M $2.78M $4.02M $2.77M $2.35M $1.55M $2.75M $2.56M $1.71M $1.65M $1.75M $1.83M $1.82M $1.79M $2.02M $1.50M
Cost and Expenses $48.27M $54.92M $51.51M $50.99M $50.61M $45.15M $42.13M $40.44M $40.90M $40.19M $35.74M $27.85M $25.65M $24.19M $24.59M $23.84M $22.65M $22.54M $18.24M $19.34M
Interest Income $- $34.04M $- $- $23.78M $23.78M $18.42M $14.95M $- $- $- $- $- $- $- $- $- $- $- $-
Interest Expense $31.42M $34.04M $27.91M $27.76M $25.51M $23.68M $18.42M $14.95M $11.71M $10.34M $8.92M $3.63M $4.20M $3.38M $3.36M $3.54M $5.17M $4.67M $3.87M $4.14M
Depreciation and Amortization $22.58M $23.96M $22.21M $21.94M $20.89M $20.69M $20.02M $19.27M $20.66M $21.33M $17.26M $12.60M $11.45M $12.92M $10.68M $12.90M $14.04M $13.21M $7.45M $10.96M
EBITDA $71.98M $73.54M $66.21M $66.49M $58.81M $54.40M $59.57M $92.95M $52.79M $56.82M $66.20M $28.10M $51.05M $27.18M $23.58M $24.20M $27.87M $24.55M $20.74M $18.46M
EBITDA Ratio 73.70% 70.38% 69.32% 69.60% 69.76% 67.14% 74.56% 63.56% 71.37% 77.46% 43.28% 72.63% 56.36% 71.25% 30.29% 68.14% 76.22% 72.89% 34.88% 69.81%
Operating Income $49.41M $49.58M $44.00M $44.54M $29.97M $35.87M $37.77M $26.40M $33.06M $33.17M $49.27M $15.28M $39.56M $13.96M $10.49M $11.69M $13.92M $11.15M $9.46M $7.09M
Operating Income Ratio 50.58% 47.44% 46.07% 46.62% 33.85% 44.28% 47.27% 36.74% 44.70% 45.22% 77.49% 35.43% 99.34% 36.59% 29.91% 32.89% 38.06% 33.09% 34.15% 26.83%
Total Other Income Expenses Net $-15.22M $-15.68M $-31.27M $-27.50M $-22.56M $-25.84M $-16.64M $27.31M $-12.64M $-8.02M $12.18M $-3.40M $21.23M $-3.08M $-3.23M $-3.92M $-5.26M $-4.47M $-3.66M $-3.73M
Income Before Tax $34.18M $33.90M $12.73M $17.04M $7.41M $10.03M $21.13M $58.73M $20.42M $25.15M $40.02M $11.88M $35.40M $10.88M $7.27M $7.77M $8.66M $6.67M $5.80M $3.36M
Income Before Tax Ratio 35.00% 32.44% 13.33% 17.84% 8.37% 12.38% 26.44% 81.73% 27.61% 34.28% 62.95% 27.54% 88.90% 28.52% 20.72% 21.87% 23.67% 19.81% 20.92% 12.71%
Income Tax Expense $- $365.00K $229.00K $28.02M $28.46M $25.84M $16.64M $-47.27M $12.64M $8.02M $-21.43M $3.40M $-25.38M $3.08M $3.23M $3.92M $5.26M $4.47M $172.00K $-34.00K
Net Income $34.18M $33.90M $12.73M $17.04M $7.41M $-15.81M $4.49M $106.00M $7.77M $17.13M $40.02M $11.88M $35.40M $10.88M $7.27M $7.77M $8.66M $6.67M $5.62M $3.39M
Net Income Ratio 35.00% 32.44% 13.33% 17.84% 8.37% -19.52% 5.61% 147.52% 10.51% 23.35% 62.95% 27.54% 88.90% 28.52% 20.72% 21.87% 23.67% 19.81% 20.30% 12.84%
EPS $0.62 $0.61 $0.48 $0.84 $0.36 $-0.80 $0.23 $5.53 $0.40 $0.88 $2.03 $0.62 $1.89 $0.57 $0.38 $0.41 $0.46 $0.35 $0.30 $0.18
EPS Diluted $0.62 $0.61 $0.48 $0.84 $0.36 $-0.80 $0.23 $5.53 $0.40 $0.88 $2.03 $0.62 $1.89 $0.57 $0.38 $0.41 $0.46 $0.35 $0.30 $0.18
Weighted Average Shares Outstanding 54.89M 54.82M 25.94M 19.46M 19.55M 19.73M 19.51M 19.16M 19.26M 19.37M 18.99M 18.20M 18.00M 18.18M 18.19M 18.19M 18.19M 18.19M 18.18M 18.18M
Weighted Average Shares Outstanding Diluted 54.89M 54.82M 25.94M 19.46M 19.55M 19.73M 19.51M 19.16M 19.26M 19.37M 18.99M 18.20M 18.00M 18.18M 18.19M 18.19M 18.19M 18.19M 18.18M 18.18M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019
Cash and Cash Equivalents $192.42M $144.63M $20.37M $47.34M $57.96M
Short Term Investments $- $- $- $- $-
Cash and Short Term Investments $192.42M $144.63M $20.37M $47.34M $57.96M
Net Receivables $4.43M $2.10M $6.03M $2.85M $2.69M
Inventory $5.55M $6.82M $5.01M $3.53M $1.47M
Other Current Assets $23.10M $12.77M $6.28M $4.06M $3.82M
Total Current Assets $225.50M $166.32M $37.68M $57.78M $65.95M
Property Plant Equipment Net $2.81B $1.78B $1.78B $712.20M $576.89M
Goodwill $- $- $- $- $-
Intangible Assets $83.39M $32.32M $48.60M $34.58M $46.27M
Goodwill and Intangible Assets $83.39M $32.32M $48.60M $34.58M $46.27M
Long Term Investments $11.72M $10.21M $10.61M $7.00M $5.50M
Tax Assets $6.64M $-10.21M $-10.61M $-7.00M $-5.50M
Other Non-Current Assets $13.00M $16.22M $17.02M $17.64M $14.35M
Total Non-Current Assets $2.91B $1.83B $1.85B $764.42M $637.52M
Other Assets $- $- $- $- $-
Total Assets $3.14B $2.00B $1.89B $822.20M $703.46M
Account Payables $14.42M $8.32M $9.82M $9.03M $12.50M
Short Term Debt $103.12M $54.72M $83.70M $21.86M $27.00M
Tax Payables $- $- $- $- $-
Deferred Revenue $28.42M $18.55M $8.92M $2.82M $3.83M
Other Current Liabilities $37.98M $18.49M $14.18M $13.95M $21.41M
Total Current Liabilities $183.93M $118.58M $130.80M $61.61M $64.74M
Long Term Debt $1.67B $1.22B $1.21B $338.51M $231.99M
Deferred Revenue Non-Current $13.53M $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $-
Other Non-Current Liabilities $95.72M $23.89M $17.81M $- $-
Total Non-Current Liabilities $1.78B $1.24B $1.23B $338.51M $231.99M
Other Liabilities $- $- $- $- $-
Total Liabilities $1.97B $1.36B $1.36B $400.12M $296.73M
Preferred Stock $- $- $- $- $-
Common Stock $1.17B $634.61M $519.50M $413.26M $398.17M
Retained Earnings $- $- $- $- $-
Accumulated Other Comprehensive Income Loss $-1.59M $-4.77M $0 $- $-
Other Total Stockholders Equity $-7.94M $8.59M $- $8.82M $8.57M
Total Stockholders Equity $1.16B $638.43M $422.08M $422.08M $406.74M
Total Equity $1.17B $650.84M $432.54M $430.89M $415.31M
Total Liabilities and Stockholders Equity $3.14B $2.00B $1.36B $822.20M $703.46M
Minority Interest $12.88M $12.41M $10.47M $8.82M $8.57M
Total Liabilities and Total Equity $3.14B $2.00B $1.36B $822.20M $703.46M
Total Investments $11.72M $10.21M $10.61M $7.00M $5.50M
Total Debt $1.78B $1.29B $1.31B $374.32M $258.99M
Net Debt $1.58B $1.14B $1.29B $326.99M $201.02M


Balance Sheet Charts

Breakdown June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019
Cash and Cash Equivalents $88.30M $146.50M $192.42M $96.77M $92.94M $88.62M $144.63M $134.45M $23.87M $38.95M $20.37M $56.60M $104.19M $52.08M $47.34M $32.81M $39.16M $16.34M $57.96M $58.69M
Short Term Investments $- $- $- $- $- $289.27M $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Cash and Short Term Investments $88.30M $146.50M $192.42M $96.77M $92.94M $88.62M $144.63M $134.45M $23.87M $38.95M $20.37M $56.60M $104.19M $52.08M $47.34M $32.81M $39.16M $16.34M $57.96M $58.69M
Net Receivables $- $- $4.43M $1.99M $3.54M $6.50M $2.10M $3.25M $3.69M $3.05M $6.03M $3.26M $4.92M $3.17M $2.85M $3.01M $3.10M $2.27M $2.69M $5.10M
Inventory $- $- $5.55M $5.69M $5.29M $6.42M $6.82M $5.19M $5.49M $5.74M $5.01M $3.46M $3.37M $3.27M $3.53M $2.85M $2.37M $1.99M $1.47M $1.34M
Other Current Assets $21.67M $193.16M $23.10M $48.16M $28.35M $8.35M $12.77M $7.44M $89.25M $7.29M $6.28M $77.67M $76.82M $4.71M $4.06M $11.63M $11.57M $3.63M $3.82M $4.30M
Total Current Assets $109.98M $339.66M $225.50M $152.61M $130.11M $109.89M $166.32M $150.33M $122.30M $55.03M $37.68M $140.99M $189.30M $63.24M $57.78M $50.31M $56.20M $24.23M $65.95M $67.28M
Property Plant Equipment Net $3.74B $2.86B $2.81B $2.26B $2.28B $2.18B $1.78B $1.68B $1.70B $1.76B $1.78B $980.84M $602.19M $755.45M $712.20M $720.67M $730.47M $740.09M $576.89M $568.65M
Goodwill $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Intangible Assets $- $- $83.39M $20.14M $24.24M $28.30M $32.32M $36.42M $40.53M $44.59M $48.60M $35.64M $30.38M $32.47M $34.58M $36.85M $39.13M $42.70M $46.27M $49.90M
Goodwill and Intangible Assets $- $- $83.39M $20.14M $24.24M $28.30M $32.32M $36.42M $40.53M $44.59M $48.60M $35.64M $30.38M $32.47M $34.58M $36.85M $39.13M $42.70M $46.27M $49.90M
Long Term Investments $12.92M $11.22M $11.72M $12.58M $14.70M $11.22M $10.21M $9.70M $10.60M $10.61M $10.61M $9.00M $8.00M $8.50M $- $- $- $- $- $-
Tax Assets $- $- $-83.39M $-12.58M $-14.70M $-39.52M $-10.21M $-9.70M $-10.60M $-10.61M $-10.61M $-9.00M $-8.00M $-8.50M $- $- $- $- $- $-
Other Non-Current Assets $127.08M $101.37M $96.39M $20.29M $22.67M $43.77M $16.22M $13.91M $14.46M $16.17M $17.02M $16.70M $16.52M $18.38M $17.64M $17.46M $17.81M $16.34M $14.35M $12.84M
Total Non-Current Assets $3.88B $2.98B $2.91B $2.30B $2.32B $2.23B $1.83B $1.73B $1.75B $1.83B $1.85B $1.03B $649.09M $806.30M $764.42M $774.98M $787.40M $799.13M $637.52M $631.39M
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $3.99B $3.32B $3.14B $2.45B $2.45B $2.34B $2.00B $1.88B $1.87B $1.88B $1.89B $1.17B $838.39M $869.54M $822.20M $825.29M $843.60M $823.37M $703.46M $698.67M
Account Payables $- $- $14.42M $14.06M $11.21M $10.15M $8.32M $8.61M $9.06M $9.09M $9.82M $10.47M $7.43M $7.67M $9.03M $9.92M $21.86M $15.17M $12.50M $10.66M
Short Term Debt $126.17M $102.42M $103.12M $82.94M $85.23M $80.91M $54.72M $68.56M $93.38M $97.96M $97.88M $66.85M $31.88M $38.98M $21.86M $35.79M $35.77M $36.93M $5.58M $29.76M
Tax Payables $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $- $- $28.42M $20.75M $11.57M $12.04M $18.55M $16.75M $7.42M $8.75M $8.92M $4.47M $2.06M $2.27M $2.82M $1.03M $3.31M $4.42M $3.83M $1.67M
Other Current Liabilities $82.54M $137.79M $37.98M $35.78M $44.71M $25.35M $18.49M $17.03M $45.07M $14.87M $14.18M $59.28M $59.11M $16.27M $13.95M $14.88M $16.37M $30.54M $21.41M $13.86M
Total Current Liabilities $208.71M $240.22M $183.93M $153.53M $152.71M $128.45M $118.58M $110.95M $154.93M $130.67M $130.80M $141.08M $100.49M $65.19M $61.61M $61.62M $77.33M $87.06M $64.74M $55.95M
Long Term Debt $2.45B $1.78B $1.67B $1.49B $1.52B $1.46B $1.22B $1.11B $1.13B $1.19B $1.21B $533.85M $264.50M $361.80M $338.51M $347.48M $356.47M $329.02M $231.99M $236.68M
Deferred Revenue Non-Current $- $- $13.53M $16.35M $8.13M $2.65M $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $-13.53M $13.75M $9.50M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $97.60M $95.84M $95.72M $94.34M $98.70M $102.74M $23.89M $45.20M $27.94M $17.54M $17.81M $12.30M $11.68M $12.38M $- $- $- $- $- $-
Total Non-Current Liabilities $2.55B $1.87B $1.78B $1.63B $1.65B $1.57B $1.24B $1.16B $1.16B $1.20B $1.23B $546.15M $276.18M $374.18M $338.51M $347.48M $356.47M $329.02M $231.99M $236.68M
Other Liabilities $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $2.76B $2.11B $1.97B $1.79B $1.80B $1.70B $1.36B $1.27B $1.31B $1.33B $1.36B $687.23M $376.67M $439.37M $400.12M $409.10M $433.80M $416.09M $296.73M $292.62M
Preferred Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Common Stock $1.23B $1.20B $1.17B $662.27M $647.57M $- $634.61M $613.75M $563.20M $541.43M $519.50M $486.94M $455.99M $430.16M $413.26M $416.19M $409.81M $407.28M $398.17M $406.05M
Retained Earnings $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Accumulated Other Comprehensive Income Loss $- $- $-1.59M $-2.70M $-3.12M $626.01M $-4.77M $- $- $-0 $0 $- $0 $- $-210.82M $- $- $- $-171.93M $-
Other Total Stockholders Equity $- $- $1.59M $4.93M $- $16.84M $8.59M $- $- $4.95M $- $- $5.73M $- $8.82M $- $- $- $8.57M $-
Total Stockholders Equity $1.23B $1.20B $1.17B $664.49M $649.38M $642.85M $638.43M $613.75M $563.20M $546.38M $422.08M $486.94M $461.73M $430.16M $422.08M $416.19M $409.81M $407.28M $406.74M $406.05M
Total Equity $1.23B $1.20B $1.19B $677.34M $661.99M $642.85M $650.84M $613.75M $563.20M $557.24M $432.54M $486.94M $471.33M $430.16M $430.89M $416.19M $409.81M $407.28M $415.31M $406.05M
Total Liabilities and Stockholders Equity $3.99B $3.32B $3.14B $2.45B $2.45B $2.34B $2.00B $1.88B $1.87B $1.88B $1.36B $1.17B $838.39M $869.54M $822.20M $825.29M $843.60M $823.37M $703.46M $698.67M
Minority Interest $- $- $12.88M $12.85M $12.61M $- $12.41M $- $- $10.86M $10.47M $- $9.60M $- $8.82M $- $- $- $8.57M $-
Total Liabilities and Total Equity $3.99B $3.32B $3.14B $2.45B $2.45B $2.34B $2.00B $1.88B $1.87B $1.88B $1.36B $1.17B $838.39M $869.54M $822.20M $825.29M $843.60M $823.37M $703.46M $698.67M
Total Investments $12.92M $11.22M $11.72M $12.58M $14.70M $11.22M $10.21M $9.70M $10.60M $10.61M $10.61M $9.00M $8.00M $8.50M $- $- $- $- $- $-
Total Debt $2.58B $1.88B $1.78B $1.59B $1.62B $1.54B $1.29B $1.18B $1.22B $1.28B $1.31B $600.70M $296.38M $400.77M $374.32M $383.26M $392.24M $365.95M $258.99M $266.43M
Net Debt $2.49B $1.73B $1.58B $1.49B $1.53B $1.45B $1.14B $1.05B $1.20B $1.24B $1.29B $544.10M $192.19M $348.69M $326.99M $350.45M $353.08M $349.61M $201.02M $207.75M

Annual Cash Flow

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019
Net Income $47.21M $125.42M $98.18M $30.37M $24.42M
Depreciation and Amortization $85.09M $81.28M $54.22M $53.10M $43.64M
Deferred Income Tax $- $- $-47.02M $- $8.90M
Stock Based Compensation $3.79M $3.79M $2.04M $2.05M $907.00K
Change in Working Capital $41.77M $7.01M $2.51M $-1.81M $-23.83M
Accounts Receivables $1.46M $3.92M $-3.17M $-165.00K $13.44M
Inventory $1.11M $-1.81M $-1.48M $-2.06M $45.00K
Accounts Payables $4.17M $380.00K $-252.00K $3.78M $-9.41M
Other Working Capital $35.04M $4.52M $7.42M $-3.37M $-27.91M
Other Non Cash Items $11.52M $-44.94M $1.23M $-3.03M $142.00K
Net Cash Provided by Operating Activities $189.38M $172.57M $111.16M $80.68M $54.18M
Investments in Property Plant and Equipment $-467.63M $-141.23M $-368.10M $-185.25M $-6.52M
Acquisitions Net $- $127.12M $193.03M $- $-
Purchases of Investments $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $-
Other Investing Activities $20.54M $127.12M $193.03M $-185.25M $-1.48M
Net Cash Used for Investing Activities $-447.09M $-14.11M $-175.06M $-185.25M $-8.00M
Debt Repayment $282.21M $-12.68M $58.80M $117.28M $-
Common Stock Issued $45.82M $- $- $- $158.23M
Common Stock Repurchased $-4.11M $-5.91M $-4.50M $- $-116.85M
Dividends Paid $-12.03M $-11.95M $-7.47M $-16.76M $-28.33M
Other Financing Activities $-4.87M $-4.56M $-6.27M $-5.08M $7.42M
Net Cash Used Provided by Financing Activities $307.01M $-35.09M $40.55M $95.44M $-20.91M
Effect of Forex Changes on Cash $- $493.00K $- $- $-
Net Change in Cash $49.30M $123.86M $-23.35M $-9.13M $25.27M
Cash at End of Period $204.14M $154.85M $30.99M $54.34M $63.46M
Cash at Beginning of Period $154.85M $30.99M $54.34M $63.46M $38.20M
Operating Cash Flow $189.38M $172.57M $111.16M $80.68M $54.18M
Capital Expenditure $-467.63M $-141.23M $-368.10M $-185.25M $-6.52M
Free Cash Flow $-278.26M $31.34M $-256.93M $-104.56M $47.66M

Cash Flow Charts

Breakdown June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019
Net Income $- $33.84M $12.50M $17.04M $7.41M $10.03M $21.13M $58.73M $20.42M $25.15M $40.02M $11.88M $35.40M $10.88M $7.27M $7.77M $8.66M $6.67M $5.80M $3.36M
Depreciation and Amortization $- $23.96M $22.21M $21.69M $20.89M $20.69M $20.02M $19.27M $20.66M $21.33M $17.26M $15.81M $8.23M $12.92M $10.68M $12.90M $14.04M $13.21M $7.45M $10.96M
Deferred Income Tax $- $- $- $381.00K $5.38M $- $- $- $- $- $-21.64M $- $-25.38M $- $- $- $- $- $-176.00K $-166.00K
Stock Based Compensation $- $- $974.00K $948.00K $938.00K $926.00K $1.61M $1.02M $1.03M $136.00K $515.00K $515.00K $509.00K $504.00K $515.00K $515.00K $509.00K $510.00K $445.00K $462.00K
Change in Working Capital $- $- $19.64M $539.00K $17.76M $3.83M $-5.42M $9.63M $-1.15M $3.95M $726.00K $7.58M $-6.29M $500.00K $-3.37M $-834.00K $-8.12M $10.52M $349.00K $452.00K
Accounts Receivables $- $- $-1.13M $1.55M $-699.00K $-734.00K $1.15M $435.00K $-641.00K $2.98M $-2.76M $239.00K $-328.00K $-318.00K $158.00K $89.00K $-833.00K $421.00K $2.41M $2.29M
Inventory $- $- $1.06M $-533.00K $180.00K $394.00K $-1.63M $643.00K $-92.00K $-731.00K $-1.36M $-56.00K $-326.00K $257.00K $-674.00K $-486.00K $-375.00K $-522.00K $-126.00K $142.00K
Accounts Payables $- $- $-466.00K $2.36M $466.00K $1.80M $25.00K $-954.00K $-55.00K $1.36M $-941.00K $1.28M $-141.00K $-446.00K $-812.00K $1.70M $173.00K $2.72M $-2.02M $-1.66M
Other Working Capital $- $- $4.85M $-2.83M $17.81M $2.37M $-4.97M $9.51M $-358.00K $343.00K $5.79M $6.12M $-5.50M $1.01M $-2.04M $-2.13M $-7.09M $7.89M $89.00K $-321.00K
Other Non Cash Items $56.05M $37.43M $70.28M $-1.32M $543.00K $3.13M $-2.24M $-41.87M $1.36M $-2.20M $-646.00K $-2.86M $4.38M $358.00K $1.45M $-2.18M $-526.00K $501.00K $2.94M $279.00K
Net Cash Provided by Operating Activities $56.05M $47.31M $60.57M $39.27M $52.92M $38.60M $35.09M $46.78M $42.32M $48.38M $36.24M $32.92M $16.84M $25.16M $16.54M $18.17M $14.56M $31.41M $16.81M $15.35M
Investments in Property Plant and Equipment $- $- $-795.00K $-11.05M $-120.57M $-335.22M $-108.72M $574.00K $-30.25M $-2.84M $-266.09M $-65.74M $-278.00K $-35.99M $1.33M $-11.61M $-3.42M $-171.55M $-2.87M $-679.00K
Acquisitions Net $- $- $20.43M $- $- $- $3.61M $119.78M $- $- $89.79M $-1.67M $98.55M $- $- $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Sales Maturities of Investments $- $- $-2.21M $2.21M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $-901.25M $37.50M $-449.29M $-14.80K $-120.57M $-335.22M $-3.61M $7.35M $- $-1.98M $94.56M $-36.00K $98.50M $- $-185.25M $- $- $- $-1.11M $-
Net Cash Used for Investing Activities $-901.25M $37.50M $23.03M $-8.85M $-120.57M $-335.22M $-108.72M $127.70M $-30.25M $-2.84M $-171.53M $-65.77M $98.22M $-35.99M $1.33M $-11.61M $-3.42M $-171.55M $-3.98M $-679.00K
Debt Repayment $- $- $-22.39M $-22.91M $78.70M $248.81M $87.35M $-55.03M $-22.52M $-22.48M $108.15M $-11.27M $-58.81M $20.73M $-9.30M $-9.30M $28.09M $107.80M $-7.70M $-7.70M
Common Stock Issued $- $- $44.76M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-116.85M $-
Common Stock Repurchased $- $- $-22.00K $-244.00K $-2.11M $-1.76M $-1.48M $-1.50M $-1.53M $-1.40M $-34.00K $-597.00K $-2.47M $-1.40M $- $- $- $- $116.85M $-
Dividends Paid $- $- $-2.71M $-3.06M $-3.11M $-3.09M $-3.06M $-2.63M $-3.10M $-2.96M $-1.97M $-1.86M $-1.88M $-1.90M $-1.90M $-1.90M $-6.64M $-6.64M $-5.84M $-5.84M
Other Financing Activities $788.70M $-131.23M $-1.03M $-397.00K $-1.05M $-2.35M $-2.10M $-2.34M $-9.00K $-112.00K $-5.47M $-10.00K $-300.00K $-353.00K $-47.00K $-1.71M $-1.87M $-1.14M $-18.00K $-
Net Cash Used Provided by Financing Activities $788.70M $-131.23M $12.12M $-26.59M $72.46M $241.61M $80.88M $-61.86M $-27.16M $-26.95M $100.67M $-13.73M $-63.46M $17.08M $-11.25M $-12.91M $19.57M $100.02M $-13.56M $-13.54M
Effect of Forex Changes on Cash $- $- $-61.15K $- $- $- $3.44M $-2.95M $- $- $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $-56.50M $-45.92M $95.65M $3.83M $4.82M $-55.01M $10.70M $109.68M $-15.09M $18.58M $-34.62M $-46.58M $51.60M $6.25M $6.62M $-6.34M $30.72M $-40.12M $-724.00K $1.13M
Cash at End of Period $101.22M $146.50M $192.42M $108.48M $104.65M $99.84M $154.85M $144.15M $34.47M $49.57M $30.99M $65.60M $112.19M $60.58M $54.34M $47.71M $54.06M $23.34M $63.46M $64.19M
Cash at Beginning of Period $157.72M $192.42M $96.77M $104.65M $99.84M $154.85M $144.15M $34.47M $49.57M $30.99M $65.60M $112.19M $60.58M $54.34M $47.71M $54.06M $23.34M $63.46M $64.19M $63.06M
Operating Cash Flow $56.05M $47.31M $60.57M $39.27M $52.92M $38.60M $35.09M $46.78M $42.32M $48.38M $36.24M $32.92M $16.84M $25.16M $16.54M $18.17M $14.56M $31.41M $16.81M $15.35M
Capital Expenditure $- $- $-795.00K $-11.05M $-120.57M $-335.22M $-108.72M $574.00K $-30.25M $-2.84M $-266.09M $-65.74M $-278.00K $-35.99M $1.33M $-11.61M $-3.42M $-171.55M $-2.87M $-679.00K
Free Cash Flow $56.05M $47.31M $59.78M $28.22M $-67.64M $-296.62M $-73.62M $47.36M $12.07M $45.53M $-229.85M $-32.81M $16.57M $-10.83M $17.87M $6.57M $11.14M $-140.14M $13.94M $14.67M

Capital Product Partners L.P Dividends

Explore Capital Product Partners L.P's dividend history, including dividend yield, payout ratio, and historical payments.

Dividend Yield

4.00%

Dividend Payout Ratio

25.49%

Dividend Paid & Capex Coverage Ratio

0.39x

Capital Product Partners L.P Dividend History

Dividend Adjusted Dividend Date Record Date Payment Date Declaration Date
$0.15 $0.15 August 06, 2024 August 06, 2024 August 12, 2024 July 24, 2024
$0.15 $0.15 May 06, 2024 May 07, 2024 May 14, 2024 April 25, 2024
$0.15 $0.15 February 05, 2024 February 06, 2024 February 13, 2024 January 25, 2024
$0.15 $0.15 November 03, 2023 November 06, 2023 November 13, 2023 October 23, 2023
$0.15 $0.15 August 01, 2023 August 02, 2023 August 08, 2023 July 20, 2023
$0.15 $0.15 May 05, 2023 May 08, 2023 May 12, 2023 April 25, 2023
$0.15 $0.15 February 06, 2023 February 07, 2023 February 10, 2023 January 26, 2023
$0.15 $0.15 November 01, 2022 November 02, 2022 November 10, 2022 October 20, 2022
$0.15 $0.15 August 05, 2022 August 08, 2022 August 12, 2022 July 26, 2022
$0.15 $0.15 May 05, 2022 May 06, 2022 May 12, 2022 April 27, 2022
$0.15 $0.15 February 02, 2022 February 03, 2022 February 10, 2022 January 24, 2022
$0.1 $0.1 November 04, 2021 November 05, 2021 November 12, 2021 October 25, 2021
$0.1 $0.1 August 02, 2021 August 03, 2021 August 10, 2021 July 21, 2021
$0.1 $0.1 April 30, 2021 May 03, 2021 May 10, 2021 April 26, 2021
$0.1 $0.1 February 01, 2021 February 02, 2021 February 10, 2021 January 22, 2021
$0.1 $0.1 October 30, 2020 November 02, 2020 November 10, 2020 October 21, 2020
$0.1 $0.1 August 06, 2020 August 09, 2020 August 14, 2020 July 31, 2020
$0.35 $0.35 May 07, 2020 May 09, 2020 May 15, 2020 April 28, 2020
$0.35 $0.35 January 31, 2020 February 03, 2020 February 11, 2020 January 21, 2020
$0.315 $0.315 October 31, 2019 November 01, 2019 November 08, 2019 October 22, 2019

Capital Product Partners L.P News

Read the latest news about Capital Product Partners L.P, including recent articles, headlines, and updates.

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

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”).

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LNG Shipping Stocks: Market Turbulence Affects Shippers With Mixed Results

UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners and Golar LNG showing resilience. New Fortress Energy suffered the most, but mostly due to internal challenges.

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

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.

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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, 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.

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

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.

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Capital Product Partners L.P. Announces Cash Distribution

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.

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

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

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

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.

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Capital Product Partners L.P. Strengthens Communications Team

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.

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LNG Shipping Stocks: Preparation For A Bullish Move

LNG Shipping Stocks: Preparation For A Bullish Move

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New Strong Sell Stocks for May 1st

BRDCY, CPLP and CX have been added to the Zacks Rank #5 (Strong Sell) List on May 1, 2023.

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

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.

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

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.

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

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.

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

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

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.

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

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

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

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.

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

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.

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Another Great Quarter And Year For LNG Shippers

Another Great Quarter And Year For LNG Shippers

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

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'.

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

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”).

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Capital Product Partners L.P. Announces Results of Rights Offering

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”).

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Capital Product Partners L.P. Announces Commencement of Rights Offering

ATHENS, Greece, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP”, or “we”/ “us”) (NASDAQ:CPLP) today announced that it has commenced its previously announced rights offering to raise proceeds of up to $500,000,000. Pursuant to the rights offering, CPLP is distributing to each holder of common units representing limited partnership interests in CPLP (the “Common Units”), for each Common Unit owned of record as of 5:00 p.m., New York City time, on November 24, 2023 (the “Record Date”), one non-transferable right to purchase 1.758657 Common Units at a subscription price of $14.25 per whole Common Unit (the “Rights Offering”). Fractional Common Units resulting from the exercise of rights will be eliminated by rounding down to the nearest whole Common Unit.

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Capital Product Partners L.P. (CPLP) Q3 2023 Earnings Call Transcript

Capital Product Partners L.P. (NASDAQ:CPLP ) Q3 2023 Earnings Conference Call November 13, 2023 9:00 AM ET Company Participants Jerry Kalogiratos - Chief Executive Officer Spyros Leoussis - Chief Commercial Officer Conference Call Participants Ben Nolan - Stifel Omar Nokta - Jefferies Liam Burke - B.

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Capital Product Partners to acquire 11 LNG carriers for $3.13B

Capital Product Partners (NASDAQ:CPLP) LP announced on Monday an agreement to buy 11 new ships that carry liquid natural gas (LNG) from Capital Maritime & Trading Corp and Capital GP LLC for $3.13 billion.  The international owner of ocean-going vessels said the addition of 11 latest generation two stroke LNG carriers to its fleet from 2023 to 2027, would make it the largest US publicly listed owner of two stroke LNG carriers and would increase its contracted revenues by 87% increase to $3.1 billion.

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Capital Products buying LNG carriers for $3.13 billion

Capital Product Partners L.P. CPLP, +0.54% said Monday it agreed to buy 11 new ships that carry liquid natural gas (LNG) from Capital Maritime & Trading Corp. and Capital GP LLC for $3.13 billion.

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Capital Product Partners L.P. Announces Transformative Transaction including the Acquisition of 11 Newbuild LNG Carriers for $3.1 billion, Renaming of the Partnership as “Capital New Energy Carriers L.P.

Highlights: 11 latest generation two stroke LNG Carriers to enter CPLP's fleet from 2023 to 2027, which would make the Partnership the largest US publicly listed owner of two stroke LNG carriers 1 Name change to Capital New Energy Carriers L.P. to reflect focus on LNG carriers and energy transition shipping Intention to convert into corporation with customary governance structure Right of First Refusal on two ammonia carriers and two liquid CO2 carriers on order by Capital Maritime, as well as on future two stroke LNG vessels and charters from Capital Maritime Intention to divest from non-core container vessels Significant funding support from Capital Maritime, including a no-fee, fully backstopped Rights Offering of $500.0 million and an unsecured non-amortizing Seller's Credit of $220.0 million ATHENS, Greece, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P.

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