{"id":728542,"date":"2023-02-03T07:03:17","date_gmt":"2023-02-03T12:03:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/capital-product-partners-l-p-announces-fourth-quarter-2022-financial-results\/"},"modified":"2023-02-03T07:03:17","modified_gmt":"2023-02-03T12:03:17","slug":"capital-product-partners-l-p-announces-fourth-quarter-2022-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/capital-product-partners-l-p-announces-fourth-quarter-2022-financial-results\/","title":{"rendered":"Capital Product Partners L.P. Announces Fourth Quarter 2022 Financial Results"},"content":{"rendered":"
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ATHENS, Greece, Feb. 03, 2023 (GLOBE NEWSWIRE) — Capital Product Partners L.P. (the \u201cPartnership\u201d, \u201cCPLP\u201d or \u201cwe\u201d \/ \u201cus\u201d) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the fourth quarter ended December 31, 2022.<\/p>\n

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\n Highlights<\/u>
\n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three-month periods ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n2022<\/td>\n2021<\/td>\nIncrease\/(Decrease)<\/td>\n<\/tr>\n
Revenues<\/td>\n$79.9 million<\/td>\n$63.6 million<\/td>\n26%<\/td>\n<\/tr>\n
Expenses<\/td>\n$42.1 million<\/td>\n$35.7 million<\/td>\n18%<\/td>\n<\/tr>\n
Net Income<\/td>\n$21.1 million<\/td>\n$40.0 million<\/td>\n(47%)<\/td>\n<\/tr>\n
Gain on sale of vessel<\/td>\n–<\/td>\n$21.4 million<\/td>\n–<\/td>\n<\/tr>\n
Net Income (excluding gain on sale of vessel)<\/td>\n$21.1 million<\/td>\n$18.6 million<\/td>\n13%<\/td>\n<\/tr>\n
Net Income per common unit<\/td>\n$1.03<\/td>\n$2.03<\/td>\n(49%)<\/td>\n<\/tr>\n
Net Income per common unit (excluding gain on sale of vessel)<\/td>\n$1.03<\/td>\n$0.94<\/td>\n10%<\/td>\n<\/tr>\n
Average number of vessels1<\/sup><\/td>\n19.9<\/td>\n19.3<\/td>\n3%<\/td>\n<\/tr>\n<\/table>\n