Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (CPLP) is dated April 15, 2010. The registrant is a Marshall Islands master limited partnership and an international owner of modern double-hull tankers. The filing serves as a notice that financial results for the first quarter ended March 31, 2010, will be released on April 30, 2010.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a preliminary announcement regarding the timing of the earnings release rather than the financial report itself.
Material Changes
No material changes to financial performance or operations are detailed in this filing, as the comparative financial data for the first quarter of 2010 has not yet been disclosed.
Guidance, Outlook, and Management Commentary
Management has scheduled an interactive conference call and webcast for Friday, April 30, 2010, at 10:00 am Eastern Time to discuss the first-quarter results. The call will be hosted by Ioannis Lazaridis, Chief Executive Officer and Chief Financial Officer. A replay of the call will be available until May 7, 2010. No specific guidance or outlook figures are provided in this text.
Important Facts for Investors to Verify
- The actual Q1 2010 financial results are scheduled for release on April 30, 2010, prior to the NASDAQ market open.
- CPLP currently owns 19 vessels, including 16 modern MR tankers, two small product tankers, and one Suezmax crude oil tanker.
- Most of the vessel fleet is under medium- to long-term charters with major entities including BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group, and Capital Maritime & Trading Corp.
- Investors should monitor the company website (www.capitalpplp.com) for the slide presentation and audio webcast accompanying the earnings call.