Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (Nasdaq: CPLP) is dated July 18, 2008. The registrant is a Marshall Islands master limited partnership and a foreign private issuer. The filing serves to announce the schedule for the release of financial results for the second quarter ended June 30, 2008.
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 earnings release rather than a financial statement.
Material Changes
No material financial changes or comparative period data are disclosed in this filing. The text does not contain historical financial performance data.
Guidance, Outlook, and Management Commentary
- Earnings Release Schedule: Financial results for the second quarter ended June 30, 2008, are scheduled for release on Thursday, July 31, 2008, before the NASDAQ market open.
- Conference Call: An interactive conference call hosted by Ioannis Lazaridis (CEO and CFO) is scheduled for July 31, 2008, at 10:00 am Eastern Time.
- Operational Outlook: The Partnership currently owns 17 vessels (14 modern MR tankers, two small product tankers, and one Suezmax crude oil tanker). It expects to take delivery of an additional product tanker from Capital Maritime & Trading Corp. in August 2008.
- Charter Status: All 18 vessels (including the expected delivery) are 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 financial results released on July 31, 2008, as this filing only announces the date.
- Confirm the successful delivery and chartering of the additional product tanker expected in August 2008.
- Review the conference call transcript for management commentary on market conditions and vessel utilization.
- Check the company website (www.capitalpplp.com) for the slide presentation and audio webcast replay.