Capital Clean Energy Carriers (NASDAQ:CCEC) Releases Quarterly Earnings Results

Capital Clean Energy Carriers (NASDAQ:CCEC) announced its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14), Zacks reports. Capital Clean Energy Carriers had a net margin of 28.02% and a return on equity of 6.79%. The company had revenue of $98.01 million during the quarter, compared to analysts’ expectations of $101.99 million.

Here are the key takeaways from Capital Clean Energy Carriers’ conference call:

• The company strengthened liquidity and capital flexibility by issuing a EUR 250 million bond at 3.75%, finishing the quarter with $546 million cash (net leverage ~45.6%) and board approval of a $20 million share buyback program.
• CCC monetized and de?risked a unit by agreeing to sell 49% of Amore Mio I for $230 million to BGN while securing a 10?year time charter, boosting LNG contracted backlog to >$2.9 billion (97 years at ~$86,400/day; up to $4.3bn if options exercised).
• First?quarter net income fell to $18.3 million (from $32.7m Y/Y), driven by off?hire and special?survey costs and higher voyage expenses (~$6.2 million, including $2.7m war?risk premiums that were reimbursed); four LNG vessels hit 5?year drydocks in 2026 with guidance of ~$5m per drydock and ~20–25 off?hire days.
• Geopolitical supply shocks (Qatar outage) have raised LNG prices, extended ton?miles and accelerated scrapping of older ships, creating strong demand and rate tailwinds that favor CCC’s modern fleet (CCC controls >15% of available newbuilding LNG tonnage and advanced some deliveries to capture higher near?term rates).
• Management says the remaining newbuild CapEx is effectively funded assuming ~70% debt on unfunded vessels (and excludes internal cash flows), which, if realized, would free up cash — the outcome depends on financing execution and market conditions.

Capital Clean Energy Carriers Price Performance

Shares of NASDAQ:CCEC opened at $20.39 on Friday. The business’s 50 day simple moving average is $20.45 and its 200-day simple moving average is $20.86. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.38 and a quick ratio of 1.36. Capital Clean Energy Carriers has a 12 month low of $16.77 and a 12 month high of $24.83.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. Capital Clean Energy Carriers’s payout ratio is 20.91%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several institutional investors have recently modified their holdings of CCEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital Clean Energy Carriers by 59.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after acquiring an additional 49,075 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Capital Clean Energy Carriers during the 3rd quarter worth approximately $382,000. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers during the 2nd quarter worth approximately $127,000. Geode Capital Management LLC boosted its stake in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after acquiring an additional 651 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research note on Wednesday, April 22nd. Zacks Research raised Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital Clean Energy Carriers presently has an average rating of “Hold” and an average target price of $24.75.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.