Capital Product Partners (CPLP) announced their Q2 2024 results today.
- Rev of $97.7M
- Net income of $34.2M
- Gain from sale of vessels $15.2M
- Declared div of 15c/sh
- Investment of over $750M in 10 Medium Gas Carriers
- CPLP has taken delivery of additional LNG tankers
The company continues to transition away from being container vessel focused to being LNG carrier focused. The LNG vessel additions and container vessel subtraction have caused the CPLP fleet to be weighted towards LNG carrier (12 of 20 vessels, with 6 LNG newbuild to deliver)
Debt heavy - no position