Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (CPLP) covers the month of April 2009. The registrant is a Marshall Islands master limited partnership and an international owner of modern double-hull tankers. The filing primarily serves to announce the schedule for the release of financial results for the first quarter ended March 31, 2009.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural announcement regarding the timing of the Q1 2009 earnings release rather than a financial statement.
Material Changes
No material financial changes or comparative period data are disclosed in this filing. The document contains no financial performance metrics to compare against prior periods.
Guidance, Outlook, and Management Commentary
- Earnings Release Schedule: Financial results for the quarter ended March 31, 2009, are scheduled for release before the NASDAQ market open on April 30, 2009.
- Conference Call: An interactive conference call hosted by CEO and CFO Ioannis Lazaridis is scheduled for April 30, 2009, at 10:00 am Eastern Time.
- Operational Overview: The Partnership owns 18 vessels (15 modern MR tankers, two small product tankers, and one Suezmax crude oil tanker). All vessels are currently under medium- to long-term charters to major entities including BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group, Shell International Trading & Shipping Company Ltd., and Trafigura Beheer B.V.
Investor Verification Checklist
- Verify the actual Q1 2009 financial results released on April 30, 2009, as this filing only announces the date.
- Confirm the status of the 18-vessel fleet and the specific terms of the medium- to long-term charters mentioned.
- Review the slide presentation and audio webcast available on the company website for detailed management commentary.
- Check for any subsequent filings regarding the financial performance for the period ended March 31, 2009.