Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) delivered a solid performance in the first quarter of 2025, marked by financial growth, fleet expansion, and the securing of long-term charters for two of its newbuild LNG carriers. The company’s strategic pivot toward gas transportation continues to yield positive results, strengthening its position in the LNG shipping market.
Key Quarterly Highlights
• New long term time charter agreements (“TC”) for two LNG/Cs under construction along with the exercise of certain options for three in-the-water LNG/Cs
• LNG/C Axios II commenced a 7-year bareboat charter on January 30, 2025, with an option for a 3-year extension by the charterer
• Contracted revenue backlog increased to $3.1 billion or $4.5 billion including optional periods
• Concluded the sale of the last two debt-free container vessels announced in the third quarter of 2024
• Announced dividend of $0.15 for the first quarter of 2025
• Favorable long-term LNG market outlook driven by an anticipated shortage of modern carriers by 2028–2029, as rising liquefaction capacity, stricter regulations, and scrapping of older vessels create a tightening supply environment
14 May 2025
Capital Clean Energy Carriers Corp. Delivers Strong Q1 2025 Results, Locks New LNG/C Charters and Solidifies Gas-Focused Transformation
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Capital Clean Energy Carriers Corp. Delivers Strong Q1 2025 Results, Locks New LNG/C Charters and Solidifies Gas-Focused Transformation
- Published:
14 May 2025 -
Author:
Capital Link -
Pages:
4 -
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) delivered a solid performance in the first quarter of 2025, marked by financial growth, fleet expansion, and the securing of long-term charters for two of its newbuild LNG carriers. The company’s strategic pivot toward gas transportation continues to yield positive results, strengthening its position in the LNG shipping market.
Key Quarterly Highlights
• New long term time charter agreements (“TC”) for two LNG/Cs under construction along with the exercise of certain options for three in-the-water LNG/Cs
• LNG/C Axios II commenced a 7-year bareboat charter on January 30, 2025, with an option for a 3-year extension by the charterer
• Contracted revenue backlog increased to $3.1 billion or $4.5 billion including optional periods
• Concluded the sale of the last two debt-free container vessels announced in the third quarter of 2024
• Announced dividend of $0.15 for the first quarter of 2025
• Favorable long-term LNG market outlook driven by an anticipated shortage of modern carriers by 2028–2029, as rising liquefaction capacity, stricter regulations, and scrapping of older vessels create a tightening supply environment