Capital Product Partners (CPLP) Reports Q4 EPS of $0.03, Beats on Revenues

Capital Product Partners (NASDAQ: CPLP) reported Q4 EPS of $0.03, versus $0.06 reported last year. Revenue for the quarter came in at $64.1 million versus the consensus estimate of $60.01 million.

The Partnership’s net income for the quarter ended December 31, 2017 was $6.8 million, compared with $13.7 million for the fourth quarter of 2016 and $9.7 million for the previous quarter ended September 30, 2017. Net income for the quarter ended December 31, 2017 includes a non-cash impairment charge of $3.3 million from the sale of the M/T ‘Aristotelis’. After taking into account the preferred interest in net income attributable to the holders of the 12,983,333 Class B Convertible Preferred Units outstanding as of December 31, 2017 (the “Class B Units”, and such holders the “Class B Unitholders”), and the interest attributable to the general partner, net income per common unit for the quarter ended December 31, 2017 was $0.03 or, before taking into account the impairment charge, $0.06, compared to $0.09 for the fourth quarter of 2016 and $0.05 for the previous quarter ended September 30, 2017.

For earnings history and earnings-related data on Capital Product Partners (CPLP) click here.

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