Financial Performance - Net income for 4Q2020 was $73 million[7] - The partnership declared a common unit distribution of $010 for the quarter[7] - The partnership's operating surplus was $207 million, or $114 million after the quarterly allocation to the capital reserve[7] Fleet Expansion - The company agreed to acquire three 5,100 TEU sister container vessels from Capital Maritime for a total consideration of $405 million[7] - The transaction is expected to generate approximately $320 million in EBITDA over 5 years[44] - The transaction is expected to increase the Partnership's fleet size by 21%[45] - Year-over-year fleet size increased by 54% in terms of the number of vessels and 65% in terms of TEU capacity[45] Charter Coverage - The average remaining charter duration is 42 years, with 90% charter coverage for 2021 and 81% for 2022[8] Unit Repurchase Program - The company announced a common unit repurchase program of up to $300 million commencing in February 2021[7]
Capital Product Partners L.P.(CPLP) - 2020 Q4 - Earnings Call Presentation