Capital Clean Energy Carriers (CCEC) investor relations material

Executive summary

• Delivered four vessels in Q2 2026: two LNG carriers, one handy LPG/LCO2 carrier, and one or two dual-fuel medium gas carriers, with another MGC delivered in July.

• Announced a joint venture for an LNG bunkering vessel and initiated a $20 million share buyback program.

• Declared a $0.15 per share dividend, marking the 77th consecutive quarterly payout since IPO.

• Now the largest U.S.-listed LNG company by tonnage, with a diversified customer base and $2.9 billion in firm contracted revenues.

• Formed joint ventures for LNG carrier and LNG bunkering vessel, expanding contracted fleet and market presence.

Financial highlights

• Revenues rose to $104.9 million in Q2 2026 from $96.7 million year-over-year; net income was $29.0 million, down from $29.7 million.

• Operating income was $53.1 million, nearly flat year-over-year.

• Vessel operating expenses increased due to special survey costs and fleet growth; depreciation and amortization also rose.

• Interest expense declined due to lower average rates.

• Cash and equivalents at quarter-end: $268.9 million, including $16.2 million restricted cash.

Outlook and guidance

• Guidance for special survey costs remains at $4.5–$5.0 million per dry dock, with no further surveys until 2028 after August.

• CapEx for new buildings is well funded, mainly through internal cash flows, asset monetization, and recent bond issuance.

• Expect CapEx to be weighted towards LNG carriers through 2026-2027.

• Company expects to be fully funded for remaining CapEx, with significant cash to be released.

• Ongoing fleet expansion with seven LNG carriers, four MG carriers, two HMG carriers, and one LNGB vessel under construction.