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Capital Clean Energy Carriers (CCEC) investor relations material
Capital Clean Energy Carriers Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Ordered three latest-technology LNG carriers for delivery in 2028 and 2029, reinforcing a strategic focus on gas transportation and energy transition markets, with an en-bloc price up to $769.5 million.
Took delivery of the world's first 22,000 cbm LCO₂/multi-gas carrier, the Active, which won the Lloyd's List Greek Shipping 2025 "Ship of the Year" award and commenced a six-month time charter transporting LPG.
Completed the sale of a 13,696 TEU container vessel, marking continued divestment from container shipping; proceeds used to pay down debt and strengthen the balance sheet.
Achieved a "B" rating on the first CDP submission for sustainability reporting.
Maintained a 75-quarter streak of cash dividend payments since 2007, with a $0.15 per share dividend for Q4 2025.
Financial highlights
Q4 2025 net income from continuing operations was $28.4 million, up 36.5% year-over-year.
Revenues from continuing operations for Q4 2025 were $98.3 million, up 0.7% year-over-year.
Operating income for Q4 2025 was $53.5 million.
Cash and cash equivalents, including restricted cash, totaled $296 million at year-end.
Net leverage ratio at year-end was just under 49%.
Outlook and guidance
LNG fleet has 90 years of contracted backlog at an average TCE of $86,832/day, totaling over $2.8 billion in revenue, with potential to rise to $3.9 billion if all options are exercised.
Average remaining charter duration is 6.7 years, with 80% charter coverage for 2026 and 51% for 2027.
CapEx for 2026-2027 will be weighted toward LNG carriers, with about 70% expected to be debt-financed.
Guidance for dry dock costs remains at $5 million per vessel and 20-25 days off-hire.
Focus remains on funding the orderbook and creating long-term value, supported by contracted cash flows and substantial liquidity.
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