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Capital Product Partners: Q1 Earnings Insights

Benzinga Insights

Shares of Capital Product Partners (NASDAQ:CPLP) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 450.00% year over year to $0.35, which missed the estimate of $0.43.

Revenue of $33,687,000 higher by 25.62% from the same period last year, which missed the estimate of $33,940,000.

Looking Ahead

Capital Product Partners hasn't issued any earnings guidance for the time being.

Capital Product Partners hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 06, 2020

View more earnings on CPLP

Time: 04:04 PM ET

Webcast URL: http://capitalpplp.irwebpage.com/webcast/2020_Q1.html

Price Action

52-week high: $14.20

Company's 52-week low was at $5.18

Price action over last quarter: down 22.27%

Company Overview

Capital Product Partners LP is in the seaborne transportation of cargoes, crude oil, gasoline, diesel, fuel oil, jet fuel and edible oils and dry cargo and containerized goods. Its vessels include; suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers and capsize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products (such as gasoline, diesel, fuel oil and jet fuel), edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters.

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