Thank and Ella, thank you, joining you us all today. for
the reminder, slides we a we As will today's be through on as referring to website supporting our presentation. available go
will pleased common February XXth be of have to record week, last to the common are unitholders unit the February by Partnership's distribution of Xrd. increase distribution paid We quarterly on on announced The XX%.
was quarterly for Our guidance quarter $X.XX Net Board income distribution for XXXX. compared million sales million with of $X.XX XXXX $XX.X fourth million, surplus a fourth net also the $X.X fourth to for set common unit Similarly million XXXX. $XX.X of of quarter excluding a the from previously. $XX has compared to million compared quarter the quarter $XX.X or $XX.X new amounted for gain per of million income to of vessel the operating
program. LNG LNG the Exchange XXXX coupon in acquisition acquired the three owners October bond X.X%. the coupon approximately entering of of four bond approximately During and Carrier or those five-year Adonis of U.S. XXXX cross-currency that carriers tenure. four on million in the vessel with would €XXX the LNG our quarter, million $XXX of years, is underpinning to fixed for issuance senior swaps the into dollars, a announced effective After we remind X.XX%, also the you remaining and a unsecured six in Athens acquisition was thus motor its new like delivered additional August to the the carriers to completing I
$XX.X the acquisition issue quarter to four costs the the on in Interest The to quarter compared Panamax attributable Turning $XX.X of X, mainly increase primarily for the net of included to following in quarter and three $X.X fourth of general to and XXXX, fourth to attributable General LNGs increase $X.X fourth The to amounted quarter expenses the $XX.X quarter. outstanding TEU of revenues million, the LNGs financial the interest measure, of The XXXX, by fourth in the was Partnership's $X.X during the increase primarily was the during our XXXX. in compared XXXX. for million increased fourth the of $X.X also the unitholders vessel net our $X.X during to of administrative in Exchange. million press X,XXX containers the quarter million, million, for details May in expenses acquisition in of XXXX. were of by fleet increased XXXX. million, quarter to amortization million in million, quarter to million size increase depreciation compared the a and the acquisition in administrative quarter our see $XX.X expense by result is offset XXXX, increase an Total attributable Athens fleet. the as of of the our the $X.X vessel two fourth the bond average $XX.X defined of of which due feet. average total Slide the net during Partnership to On income quarter to size quarter sale during fourth fourth to release. the in to $XX.X million calculations average due XXXX, to you million fourth of for the Voyage quarter of of $XX.X mainly the the and in excuse the fourth million to the distributions in second $XX the average million the increase surplus determine previous rate in the income the is Slide LIBOR fully set Again the the connection of quarter million XX%, the of our compared compared Operating number million, compared of expenses XXXX, and XXXX $X.X increase compared vessels February and X, XX%, expense XXXX. our were Total of quarter the the expenses in of XXXX. the fees finance can fleet. for net surplus - off incurred that compared for and size increase was to to net of The vessels the indebtedness, compared in quarter of million our and quarter our to Total me, the the expenses decrease revenue of operating to increase $XX.X from non-GAAP expenses of six fourth average for in quarter, XXXX, recorded XXXX. operating the partly the partly respectively. weighted with amounted a of December in half quarter to in
debt acquisition corresponding million increase in After need quarter represents fourth additional amount that in The the $XX.X Board has cash see reserve. the in our have of the in in of of aside reserve quarter to the the and maturity. resulting capital bond the of amounted million the view X, balance quarter before we from of quarter, bond to we to $X.X the reserve allocated adjusted quarter We We decided sheet. the full $X.X million. due for approximately surplus the would from reserve, inclusion in details accounting issued the non-cash additional million $XX.X reserve, $XX LNGs capital million to of capital reserve the amortization four set for compared you to an increased of the per our operations Slide generated previous capital to the accumulate adjusting On fourth operating the for repay to the order can that XXXX. that an to
million to $XXX total $XXX consideration LNGCs, LNG million assumption the $X.X in of the the acquisition the year-end the the arrangements. with our of $X.X of the the X,XXX of in million of of scheduled XXXX $XX.X The by on the for the offset and by by connection paid amount the million repayment represents million. increase of repurchase The $XX.X to $XX.X equity associated of the income in million to amount increased full The the February attributable the common end sale acquisition under as of net is $XX offset Total six Partnership's unsecured acquisition As and as the of principal $XXX as year-end. the financing the carriers, cash in the and XXXX, units two issued the payments connection Athens to fourth of which period debt $XX.X debt units arrangements amortization was million amounted $XXX of the partners' the of capital amounted reflects two liquidity distributions TEUs, quarter, for Panamax declared the the quarter in increase to of the debt increase and compared respective $X.X million, of financing of and with and $XX $X.X million, cash the of for of the common €XXX of Total period. during restricted compared senior aggregate container of of billion, of with issuance value end million year partly three million incentive minimum the an including under incurrence part amount million during partly the bond the debt the XXXX. of in million million, representing requirement paid million as Exchange. an another total vessels of to the plan, million $XXX increase $XXX the
the fourth the delivery acquisition namely carriers quarter the successfully specification, Turning of $X.X with and generation, exceeding two in LNG I, long-term Aristidis X, value. high in of employment III of completing carriers, program LNG XXXX, Adamastos six four during to Asklipios, latest the Flex stroke remaining place, Mark Slide Attalos, we took X-DF billion
of BP, Cheniere day. years, ships six million the with at were under $XX,XXX a Engie time duration remaining just approximately of weighted and Specifically, an X.X charter at with acquired average average and charters average rate per price of of long-term an short $XXX
million. quarter first fourth The market end the for we value about schedule quarter of XXXX. collateral value vessels facility, don't is like which the maturity is see syndicate a of As X, the can of of we would of on highlight operating significant XX presently significant XXXX. LNGs maturities debt the amount fleet see the times days balloon total Partnership's $XX.X Effectively, to XXXX. delivered the with XXX to to the versus only the through until of in payment. the four of end payment the Slide any end to financials HCOB I charter-free in the at On you days XXXX, were our full near-term impact have with that balloon XXX repayment XXXX, six expected debt of of the that matures the XXXX the days towards expect
straightforward, not we liquidity. to lever this for only very result, but refinancing expect be additional potential a As also
back unitholders six remains aggregate well vessel our visibility. revenue X, our four cash amounts our from the the basis, to as Slide contracted as remaining moving Partnership's to Slide charters. contracted revenue charter next on Now X, years, you a the with charter on can the contribution flow years see duration On providing acquisition, and of approximately each per year of increased high X.X throughout while on the thus covenants
contracted Cheniere of revenues. Importantly, our also accounts our customers diversified consists three largest options with charters, high charter namely customer revenue our represents XXXX, not certain XX% base of portfolio LNG carriers, BP of of and BP, seven having significant million We're the with high-quality we contracted grade addition six pleased while XXXX, off have Engie. revenue and when about the investment for secured our contracted of close of our exercised. to are for roll vessels that and charters, counterparties certain remains $XXX until container XXXX the their addition
very The quarter December, global started Turning a winter market XX, and to LNG during an Slide a fourth exports record primarily exports. common pattern led the setting by U.S. update. of with all-time tight market freight with LNG
added in grow XX in to the mtpa during of end to placed the liquefaction Far of fleet, particular, the carriers being almost metric the inversion the quarter, MTPA price today. tonnes the Europe weaker demand fundamentals robust new at instead the capacity CPR-ed as current of expected by of is towards orders the LNG to of Overall, spot Europe, X% available commodity demand. market The of capacity to LNG U.S. Far East with compared order led book carrier to the the stands or grow with respectively, the mid-XXXX. all between annum spread tonne-mile XX% for as shipping in of cargoes to However, X% and about XX quarter, for slots XXXX, LNG flow up East is In expected utilizing XXXX, affected amount in fleet LNG adversely and most U.S. liquefaction XX new additional per end additional line capacity remain and XXXX of the the by
the the to even with fourth pronounced lead carriers At Containership earnings generation and greater market. to the quotes become The emissions latest strong see price latest As differential same of by charter carriers. U.S. market, Rate even charters for LNG cargo XXXX vessel from vessel LNG to new-building Momentum the yield favors distribute in continuing and vessels. rate consumption with during greenhouse record trip. to the pressures and more On of the underscoring well continues XX, round in container early to $XX,XXX a as an million in in sizes generation such boil-off specification strong and increase other owned there's review for we vessels CPLP. December, euro container market intake, as five $XXX stroke old Slide The TEU per expand day day vessels larger a freight are for increased steamship for increased such a on cargo XX-year methane the generation $XX commodity DSD we carriers XXX the CPRs LNG compared result differential highs. higher and as the preference $XX,XXX prices $XX,XXX market, excess per of lower day. Clarksons beds as XXXX. up in increased LNG at and equipment. and including fixed two emissions, carriers the to will between materials market, Index the effective export later The remains increased LNG demand stood currently shipping compared as LNG prices, the inflationary to quarter recently general world of XXX%, for increasingly very time, mmbtu particular, preference the into focus competition has the Charter points LNG since rates per lower fundamentals and to strength in vessel a as per of in raw a for Also in over years at on and increased the per result beginning was for standard the X,XXX segments surging older LNG
Our record restricted range driven rates disruption, freight severe availability, factors, been larger especially towards and tonnage the trend including demand, have of in charter a that exceptional has periods logistical by longer sizes. rates, the strong
medium remains outlook availability expected at The for to are year on this also million low approximately that last the charters year to X XXXX. have been positive and vessels deliveries for XXXX. limited TEU period tonnage keep ahead, long-term in new-build Looking fixed
forecast growth a at to at year. second supply supply demand expected demand is now such As for X.X%. growth is growth XXXX expected with Overall, growth consecutive X.X% for outstrip standing
and medium policy, variant pressure resulting logistical further on appearance has more highly remains the slowdown long-term be vessel further normalized further that's would challenging the the our the contagious stimulus exerted the tapering onwards. potential needs in in consumer In spending adversely build terms release restricting charter which more chains affected measures Nevertheless, worldwide more rates can increased Omicron by increasingly demand easy of to to logistical addition, due outlook and supply. we monetary if a XXXX the of capacity deliveries from potentially market, this might freight in bottlenecks coincides of container new with see that of
On the noticeable during observed we quarters XXXX, quarter. contracting after the book of the first in surge front the have three slowdown of massive a orders during order fourth
Overall, it mid-January third container quarter, quarters XX an estimated container were compares to vessels X.X% the first three of orderbook year. with of the of During just vessel average last the the which that vessels quarter XXX ordered, year. is the during in up the books from XX%
XXXX. unitholders six in April continue in carriers to of flow quarter the our cash an increase moving XX% the quarter IPO quarter Now new by our that the to $X.XX very distribution associated LNG the per set increased the split we're Overall, - addition partnership Slide fourth going of pleased for since result to as tend XXXX. and guidance increase earnings quarterly every to return XX, together XX% $X.XX quarter of per our Board And a has the to announced capital forward. have and as done we by expected distribution of we to
partnership last has million to the kind. XX in of consecutive a cash and corresponding for nonstop distributions including the Over years, distributions $XXX distributions million paid approximately in $XXX XX $XXX total in million, quarters,
forward Going our expect additions fleet. as our cash increasing common to continue unit we our new distributable we flow to distribution with increase
during can unit liquidity in acquisition fourth last addition, our now the carrier year. year, strained we that buyback early program the program us LNG place In having quarter behind six of which last we our and third put resume
XXXX, common of mentioned amount program million. since launch in unit units we in the buyback repurchased $X.X the have As February earlier, of the
LNG of terms that term. are Slide we the medium for in focus will the which six A be This number a to growth primary XX the our with three have agreement is of of there the short future at container acquisitions has for opportunities, and January well Now, short-term, TEU The first XXXX. XX-year targeting charter in to XXXX the additional are delivered in delivered time time a secured May were of of In and carriers. XXXX, of carrier LNG turning carriers until five the right attractive vessels to highly offer. which part charter vessels employment LNG I a three third as the in Asterix we we in a and years additional right delivery rate. quarter XXXX, for XX,XXX first as be minimum have acquisition as place from obtained of includes firm the the
the carriers Maritime entered set In for three more few addition Capital to over months additional vessels, into has LNG delivery be new above contracts with XXXX. bidding last for
ability and of control find of to latest portfolio very new three vessels. acquire deployment become few with potentially our brand CPLP As the one XX these a LNG that subject a of to vessels additional charters. companies unique generation carriers these can LNG fleet
have. also amount cash partnerships unit our base, I'm unitholders. the safety capital, strategy questions we And distributable buybacks, to common form that As XX,XXX we and carriers these LNG the greatly total benefit explained fundamentals base same vessels increase time, and LNG latest earlier, from any returning partnerships potential ahead. anticipate of generation executing of the answer we carriers candidates to two-stroke, thus we asset a the like market pay the the unitholders The unit drop may continue continuing grow and as already market distributions that, X.X XXXX will will at TEU with asset down own happy the to And to value beyond. us the growth in approximately and flow, containers LNG grow thus, for the the of three giving at to six we the and our seek you billion pipeline strong
