Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (CPLP) is dated October 25, 2007. The registrant is a Marshall Islands master limited partnership and an international owner of product tankers. The filing serves to announce the schedule for the release of financial results for the third quarter ended September 30, 2007.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural announcement regarding the timing of the 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
Management has scheduled the release of third-quarter 2007 financial results for Wednesday, October 31, 2007, before the NASDAQ market open. An interactive conference call hosted by CEO and CFO Ioannis Lazaridis is scheduled for 10:00 am Eastern Time on the same day. The filing notes that the Partnership owns 13 product tankers, including 12 Ice Class 1A medium-range tankers, and has an agreement to purchase three additional MR product tankers from Capital Maritime & Trading Corp. All 16 vessels are under medium- to long-term charters to BP Shipping Limited, Morgan Stanley, Overseas Shipholding Group, and Trafigura Beheer B.V.
Investor Verification Checklist
- Verify the actual financial results released on October 31, 2007, as this filing only announces the schedule.
- Confirm the status of the agreement to purchase three additional MR product tankers from Capital Maritime & Trading Corp.
- Review the conference call transcript or webcast replay for management commentary on the tanker market and charter rates.
- Check the company website (www.capitalpplp.com) for the slide presentation accompanying the earnings release.