Brief: Capital Product Partners L.P. Q4 Earnings Per Share $0.08

Capital Clean Energy Carriers

31/01/2019 12:48

Jan 31 (Reuters) - Capital Product Partners LP  CPLP.O :
    * CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FOURTH QUARTER
2018
FINANCIAL RESULTS
    * Q4 REVENUE $74.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$65.5
MILLION
    * Q4 EARNINGS PER SHARE $0.08
    * Q4 EARNINGS PER SHARE ESTIMATE $0.05 -- REFINITIV IBES
DATA
    * "PRODUCT TANKER MARKET REGISTERED A ROBUST RECOVERY IN Q4
OF
2018"
    * BEGINNING OF QUARTER PRODUCT TANKER MARKET WAS WEAK IN
LINE WITH
PREVIOUS QUARTERS
    * PRODUCT TANKER MARKET GAINED MOMENTUM FROM EARLY NOVEMBER
ONWARDS
    * STRONGER CRUDE MARKET SIGNIFICANTLY REDUCED CARGO POACHING
BY
NEWBUILDING CRUDE TANKERS ON CLEAN ROUTES
    * CAPITAL PRODUCT PARTNERS - REFINERY OUTAGES IN BRAZIL AND
MEXICO
REQUIRED SUBSTANTIAL VOLUMES TO BE MOVED WITH PRODUCT TANKERS TO
MEET DEMAND
    * PRODUCT TANKER MARKET WAS BOLSTERED BY SEASONALLY STRONGER
DEMAND DUE TO INCREASED HEATING OIL CONSUMPTION
    * SUEZMAX SPOT MARKET EXPERIENCED HIGHER RATES IN Q4 OF 2018
    * SUEZMAX TANKER MARKET WAS BUOYED BY INCREASED OPEC
PRODUCTION IN
FIRST 2 MONTHS OF QUARTER AND STRONG IMPORTS INTO CHINA
    * SUEZMAX TANKER MARKET SECTOR ALSO BENEFITTED FROM DELAYS
IN
TURKISH STRAITS WHICH LIMITED VESSEL AVAILABILITY IN QUARTER
    * CAPITAL PRODUCT - LONG-TERM FUNDAMENTALS OF PRODUCT &
CRUDE
TANKER MARKET REMAIN STRONG IN VIEW OF UNDERLYING DEMAND,
DECLINING ORDERBOOK, CHANGING REGULATORY ENVIRONMENT

Source text for Eikon:  ID:nGNX4XvrpZ 
Further company coverage:  CPLP.O 

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