Brief: Capital Product Partners Reports Q4 Earnings Per Share $0.03

Capital Clean Energy Carriers

31/01/2018 13:00

Jan 31 (Reuters) - Capital Product Partners Lp  CPLP.O : 
    * CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FOURTH QUARTER 
2017 
FINANCIAL RESULTS, THE COMPLETED ACQUISITION OF THE M/T 
'ARISTAIOS', AS WELL AS THE SALE OF THE M/T 'ARISTOTELIS' AND 
THE ACQUISITION OF THE M/T 'ANIKITOS' 
    * Q4 REVENUE $64.1 MILLION VERSUS I/B/E/S VIEW $60.2 MILLION 
    * Q4 EARNINGS PER SHARE $0.03 
    * Q4 EARNINGS PER SHARE VIEW $0.06 -- THOMSON REUTERS 
I/B/E/S 
    * CAPITAL PRODUCT PARTNERS - AGREED TO BUY, CONDITIONAL 
UPON 
SUCCESFUL COMPLETION OF SALE OF M/T 'ARISTOTELIS', M/T 
'ANIKITOS' FOR ABOUT $31.5 MILLION  
    * CAPITAL PRODUCT PARTNERS- INTENTS TO FUND ACQUISITION OF 
M/T 
'ANIKITOS' WITH PROCEEDS TO BE RECEIVED FROM SALE OF M/T 
'ARISTOTELIS', AMONG OTHERS 
    * AGREEMENT TO ACQUIRE M/T 'ANIKITOS' WAS ENTERED INTO ON 
AN 
ARM'S LENGTH BASIS AND WAS APPROVED BY BOARD  
    * CAPITAL PRODUCT PARTNERS - GROWING INTRA-ASIAN PRODUCTS 
TRADE 
AND U.S. PRODUCTS EXPORTS ARE EXPECTED TO BE KEY FACTORS FOR 
PRODUCTS TRADE GROWTH IN 2018 
    * CAPITAL PRODUCT PARTNERS - EXPECT PARTNERSHIP TO TAKE 
DELIVERY 
OF M/T 'ANIKITOS' IN MARCH 2018, FOLLOWING DELIVERY OF M/T 
'ARISTOTELIS' TO NEW OWNERS 
 
Source text for Eikon:  ID:nGNXOMUEIa  
Further company coverage:  CPLP.O  
 
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