Capital Clean Energy Carriers (CCEC) reported Q1 2025 results on 05/08/25. Results include
- Rev of $109.4M
- Income from Continuing Operations $32.8M
- Net Income $80.7M (includes gain from vessel sales)
- Declared Q1 div of 15c/sh
https://static.seekingalpha.com/uploads/sa_presentations/403/110403/original.pdf
Per their Slide 9, CCEC have impressive charter backlog - $2.8B of backlog over 91 vessel years (not including options). CCEC secured contracts for 2 LNG newbuilds. However, these contracts do not apply to its most immediate newbuild deliveries. They apply to the last pair of 6 newbuilds that deliver in 2027 (Looks like 5-year and 7-year initial terms). Somewhat interesting, in a later slide (#15), they suggest 10-year TCs are available @ High $80K - Low $90Ks. CCEC have three large container vessels in their fleet. All three are contracted out. But, they could potentially be sold to partially pay for the newbuilds.