Capital Product Posts Strong Q2 Results and Expands Fleet

Capital Product (CPLP) has released an update.

Capital Product Partners L.P. has reported a robust second quarter in 2024 with a significant increase in net income to $34.2 million, up from $7.4 million the previous year, largely attributed to new vessel acquisitions and operational efficiencies. Revenue rose to $97.7 million, while operational surplus reached $49.3 million. The company also announced a $756 million investment in 10 new gas carriers and the appointment of Brian Gallagher as Executive Vice President for Investor Relations.

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