Capital Product Partners L.P. (NASDAQ:CPLP) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET

Company Participants

Jerry Kalogiratos - Chief Executive Officer
Brian Gallagher - Executive Vice President, Investor Relations

Conference Call Participants

Liam Burke - B. Riley
Omar Nokta - Jefferies
Mike Webber - Webber Research & Advisory

Operator

Thank you for standing by. And welcome to the Capital Product Partners Second Quarter 2024 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer; and Mr. Brian Gallagher, Executive Vice President of Investor Relations.

At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] I must advise you this conference is being recorded today, August 2, 2024.

The statements in today’s conference call that are not historical facts, including our expectations regarding acquisition transactions and their expected effect on us, cash generation, equity returns and future debt levels, our ability to pursue growth opportunities, our expectations or objectives regarding future distribution amounts or unit buyback amounts, capital reserve amounts, distribution coverage, future earnings, capital allocation, as well as our expectation regarding market fundamentals and employment of our vessels, including re-delivery dates and charter rates, may be forward-looking statements as such as defined in Section 21E of the Securities Exchange Act of 1934 as amended.

These forward-looking statements involve risks and uncertainties that could cause the stated or forecast results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations to conform to actual results or otherwise. We make no prediction or statement about the performance of our common units.

I would now like to hand over to your speaker today, Mr. Kalogiratos. Please go ahead, sir.

Jerry Kalogiratos

Thank you, Christy, and thank you all for joining us today. As a reminder, we will be referring to the supporting slides available on our website as we go through today’s presentation. Today represents an important milestone and the start of a new chapter for the company. We have agreed to change the company’s name to Capital Clean Energy Carriers Corp., reflecting our strategic pivot to the LNG and energy transition business, and to signify the conversion of the partnership to corporation with improved governance rights for unaffiliated shareholders, a transparent corporate structure and alignment of shareholder interests.