Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (Nasdaq: CPLP), a Marshall Islands master limited partnership, was submitted on January 16, 2009. The registrant operates as an international owner of modern double-hull tankers, currently managing a fleet of 18 vessels (15 MR tankers, two small product tankers, and one Suezmax crude oil tanker). All vessels are under medium- to long-term charters with major entities including BP Shipping Limited, Morgan Stanley Capital Group Inc., and Shell International Trading & Shipping Company Ltd.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This report serves solely as a notification of an upcoming earnings release rather than a disclosure of financial results.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing announces the scheduling of the fourth-quarter 2008 earnings release and conference call.
Guidance, Outlook, and Management Commentary
- Earnings Release: Financial results for the quarter ended December 31, 2008, are scheduled for release before the NASDAQ market open on Friday, January 30, 2009.
- Conference Call: CEO and CFO Ioannis Lazaridis will host an interactive conference call on January 30, 2009, at 10:00 am Eastern Time.
- Access: A slide presentation and audio webcast will be available on the company website. A replay of the call will be available until February 4, 2009.
Investor Verification Checklist
- Verify the actual financial results for Q4 2008 when released on January 30, 2009.
- Confirm the status of the 18-vessel fleet and the terms of the medium- to long-term charters with BP, Morgan Stanley, and Shell.
- Review the upcoming conference call for management commentary on the impact of the 2008-2009 economic environment on tanker rates and utilization.