Capital Clean Energy Carriers (CCEC) reported their Q3 2025 results yesterday (10/31) including
- Rev of $99.5M
- Net Income from Ops of $23.761M
- Declared div of 15c/sh
- Sold one of its 13200-TEU container vessels (delivered in Oct 2025)
- Secured a 7 - 10 year charter for one of its LNG newbuilds
Decent net margins of ~24%. Very nice charter backlog on the LNG fleet TCE of $87,006 daily for 93 years. That’s the plus side. CCEC face a similar challenge as FLNG - expiry of LNG charter coverage. One operating LNG carrier rolls off charter in 2025. In addition, CCEC has two LNG newbuilds delivering in late 2025-early 2026, with no contract coverage. Regarding their LPG newbuilds, it looks like financing has been figured out. Or mostly figured out.