02/06
Old company with new name/ticker, Capital Clean Energy Carriers (CCEC) reported Q4 2024 results earlier today.
- Revenue of $105.1M
- Net Income of $20.8M
- Declared div of 15/sh
Company has 12 LNG carriers (very new 2020 - 2024) and 3 13,300-TEU containerships operating, plus 18 newbuild tankers of various sizes (in 2026 - 2027). Company has ~ $2600M in debt, and announced an ATM offering of $75M in late Jan 2025. CCEC do not break out the revenue of the containerships separately. But those three vessels do have nice long term charters thru 2032/2033. CCEC does have good charter coverage - 68 vessel years @ avg $88,537 daily, or over $2B in LNG tanker backlog.