Capital Clean Energy Carriers (CCEC) announced their Q2 2026 results on 07/29/26. While still primarily an LNG tanker play, the entity has diversified into the LPG market and still has a large container vessel in its fleet. CCEC has 15 LNG tankers (on-the-water) and all with time-charter coverage. In addition, 4 of 10 LPG vessels (2 MGCs, 2 LCO2) are operational, and that remaining large Container vessel.
- Rev of $104.9M
- Operating Income of $53.1M
- Net Income (ops) of $28.8M
- One LNG now a JV arrangement with a 10-year charter included
- Completed a bond punt, issued a Euro 250M bond in Q1 2026 that addressed an earlier Euro 150M bond from 2021.
- Div of 15c/sh (no change)
https://static.seekingalpha.com/uploads/sa_presentations/262/132262/original.pdf
While CCEC does have a nice $2.8B charter backlog on the LNG fleet, rev figures seem somewhat low for a 20 vessel fleet that includes 15 LNG carriers. I notice CCEC didn’t provide charter rates for any vessel type. Two vessels completed dry-dock in Q2 2026 - but that would likely be more an expense. Maybe, some loss of revenue. CCEC has 7 of 27 Slides on the LNG market, but not a peep about the rate on their bread-and-butter segment?