Capital Product Partners' (CPLP) CEO Petros Christodoulou on Q3 2014 Results - Earnings Call Transcript
Capital Product Partners Has A Sustainable 11% Dividend
- Indiscriminate selling, due to a sharp decline in the price of oil, has produced opportunities in the midstream oil sector.
- CPLP, a ship leasing company in the sector, is one such opportunity.
- CPLP has a double digit dividend which is both stable and tax advantaged.
2 Transportation LPs Worth A Look: Capital Product Partners, Martin Midstream Partners
- Capital Product Partners and Martin Midstream Partners both do business in the chemical and liquid energy transport sector.
- Demand for oil and other liquified chemical products is growing domestically and abroad with economic growth.
- Limited Partnerships in the energy and chemical transportation sector provide an interesting indirect way to play on the growing global demand.
Capital Product Partners: A Play On The Growing Market For Chemical Tankers
- Growth in Natural Gas and NGL's gives CPLP a growing market for its chemical tanker fleet.
- Container ship fleet provides diversification into a non-energy business.
- Strong capital structure with long-term debt at 41% of assets.
- 8.8% distribution yield with modest payout growth since 2010.
Capital Product Partners Provides Persistent Payments
Sep. 16, 2014, 3:57 PM
- Ocean shipping of dry bulk commodities and oil will nearly double earnings capacity during the next several years while the smaller container ship industry will tread water, Deutsche Bank says.
- The firm believes the industry is "on the cusp of entering a new era of prosperity," driven by improved supply/demand dynamics, increased fleet utilization and abundant capital to fund profitable growth.
- On average, DB forecasts a near doubling of earnings power across its coverage universe by 2016 vs. 2013, led by shippers in the Dry Bulk and Oil trades.
- Initiated with Buy ratings: TNK +9.8%, CPLP +2.5%, DSX +2.8%, DRYS +5.5%, DLNG +2.4%, NNA +2.1%, SALT +0.8%, SSW +1.3%, GASS +3.3%.
- Started at Hold: TK +1.2%, NMM +0.3%, FRO +3.3%, TGH -0.6%.
Sep. 3, 2014, 11:39 AM
- Capital Product Partners (CPLP -6.5%) is sharply lower after pricing a public offering of 15M common units at $10.53/unit; CPLP also is granting the underwriters a 30-day option to purchase an additional 2.25M common units.
- CPLP says it will use part of the net proceeds to partially fund the purchase of two 5K deadweight product carriers as well as the repurchase of ~$60M worth of common units from Capital Maritime & Trading, and for general corporate purposes.
Sep. 3, 2014, 9:11 AM
Sep. 2, 2014, 5:43 PM
Aug. 6, 2013, 11:23 AM| Comment!
Mar. 7, 2013, 8:02 AMThe broad shipping sector could see another round of volatility after DryShips (DRYS) misses on both its top and bottom lines with its Q4 report and issues a troubling outlook for the market. "We continue to be bearish about the short-term performance of the shipping markets." DRYS -5.5% premarekt. On watch: PRGN, ESEA, FREE, EGLE, SBLK, NM, CPLP], DSX, GNK, EXM | Comment!
Jan. 7, 2013, 11:57 AM
CPLP vs. ETF Alternatives
Capital Product Partners LP is an international shipping company. It offers seaborne transportation services of crude oil & refined petroleum products, and soft chemicals, by chartering its vessels under medium to long-term time & bareboat charters.
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