Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (CPLP) is dated April 21, 2011. The registrant is a Marshall Islands master limited partnership and an international owner of modern double-hull tankers. The filing serves as a notice regarding the upcoming release of financial results for the first quarter ended March 31, 2011.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a press release announcing the schedule for 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 actual quarterly results have not yet been released.
Guidance, Outlook, and Management Commentary
Management has scheduled the release of first-quarter 2011 financial results for before the NASDAQ market open on Thursday, May 5, 2011. Following the release, CEO and CFO Ioannis Lazaridis will host an interactive conference call and webcast at 10:00 am Eastern Time on the same day. The filing includes contact details for the conference call and webcast replay.
Important Facts for Investors to Verify
- The actual Q1 2011 financial results are scheduled for release on May 5, 2011.
- CPLP owns a fleet of 21 vessels, including 18 modern MR tankers, two small product tankers, and one Suezmax crude oil tanker.
- Most vessels are under medium- to long-term charters to major entities such as BP Shipping Limited, Overseas Shipholding Group, and Petrobras.
- Investors should verify the final earnings figures and management commentary during the scheduled May 5 conference call.