Capital Product Partners (CPLP) has released an update.
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Capital Product Partners L.P. reported a significant increase in first quarter 2024 earnings with net income reaching $33.9 million, a striking 239% surge from the previous year’s $10.0 million. This robust financial performance is attributed to the addition of new vessels to their fleet, despite the sale of several others, leading to a revenue boost to $104.5 million from $81.0 million. The company also announced a common unit distribution of $0.15 for the quarter as it continues to expand and optimize its fleet operations.
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