newsfilter
← Latest News
GlobeNewswire·

Capital Clean Energy Carriers Corp. Announces Third Quarter 2026 Financial Results

CCEC
  • Capital Clean Energy Carriers Corp. (CCEC) reported Q3 2026 net income of $34.6 million on revenues of $138.1 million, representing year-over-year increases of 52% and 44% respectively.
  • The Company took delivery of one LNG/C (Alcaios I), one HMG/C (Alkimos), and one dual-fuel MG/C (Aridaios) during the quarter, bringing its total in-water fleet to 21 vessels.
  • CCEC secured new employment for six vessels, including a one-year index-linked time charter for an LNG/C under construction and a one-year time charter for the MG/C Aridaios.
  • Q3 2026 daily time charter equivalent (TCE) rates averaged $83,862 for the LNG/C fleet and $40,987 for the Gas Fleet.
  • The Board of Directors declared a quarterly dividend of $0.15 per share, payable on November 12, 2026, to shareholders of record on November 3, 2026.
  • Total debt increased to $3,195.6 million as of September 30, 2026, with total shareholders' equity rising to $1,586.7 million.
  • The Company repurchased 131,181 common shares for $3.0 million during the quarter under its $20.0 million share repurchase program, bringing total repurchases to $5.1 million since inception.
  • CEO Jerry Kalogiratos cited Middle East geopolitical uncertainty and tight Atlantic Basin LNG markets as key factors, while noting the company's long-term charter strategy insulated it from spot market volatility.
  • The LNG shipping spot market weakened in Q3 due to increased vessel availability, whereas the LPG market strengthened due to Strait of Hormuz disruptions, Panama Canal constraints, and record US exports.
  • CCEC has 14 vessels under construction, including six LNG/Cs, four MG/Cs, one HMG/C, and one LNG Bunkering Vessel, with expected capital expenditure payments totaling $1.434 billion through Q1 2029.
  • An Annual General Meeting held on September 22, 2026, resulted in the re-election of seven directors and the addition of Ms. Janet DiFiore to the Board.
  • The Company plans to host a conference call on October 30, 2026, to discuss these financial results.