CCEC
CCEC
Capital Clean Energy Carriers Corp.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $104.16M | $3.92M | $29.76M | 28.58% | $0.51 | $88.42M |
| Q2-2025 | $104.16M ▼ | $3.92M ▼ | $29.76M ▼ | 28.58% ▼ | $0.51 ▼ | $88.42M ▼ |
| Q1-2025 | $109.38M ▼ | $4.13M ▼ | $80.72M ▼ | 73.79% ▲ | $1.35 ▼ | $92.85M ▼ |
| Q4-2024 | $211.16M ▲ | $8.96M ▲ | $125.4M ▲ | 59.39% ▲ | $1.41 ▲ | $158.7M ▲ |
| Q3-2024 | $106.04M | $4.69M | $23.3M | 21.97% | $-0.41 | $72.51M |
What's going well?
The company is consistently profitable, with steady revenue and solid margins. There are no signs of volatility or negative surprises.
What's concerning?
There is no growth at all, and high interest costs are eating into profits. Lack of investment in R&D or marketing could hurt future prospects.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $310.74M ▼ | $4.14B ▼ | $2.67B ▼ | $0 ▼ |
| Q2-2025 | $335.62M ▼ | $4.15B ▼ | $2.71B ▼ | $1.44B ▲ |
| Q1-2025 | $398.76M ▲ | $4.15B ▲ | $2.73B ▼ | $1.41B ▲ |
| Q4-2024 | $313.99M ▲ | $4.11B ▲ | $2.77B ▼ | $1.34B ▲ |
| Q3-2024 | $164.79M | $4.1B | $2.85B | $1.25B |
What's financially strong about this company?
Most assets are real, physical property and equipment, with almost no goodwill or risky intangibles. Debt is mostly long-term, and the company is collecting payments from customers faster.
What are the financial risks or weaknesses?
Shareholder equity has dropped to zero, meaning the company owes as much as it owns. Cash is falling, liabilities are rising, and liquidity is getting tighter. The company is now completely funded by debt, which is risky.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $59.83M ▲ | $63.94M | $-81.03M | $-45.24M | $-63.15M | $-41.67M ▼ |
| Q2-2025 | $29.91M ▼ | $63.94M ▲ | $-81.03M ▼ | $-45.24M ▼ | $-63.15M ▼ | $-20.6M ▼ |
| Q1-2025 | $32.82M ▲ | $56.33M ▼ | $69.66M ▼ | $-42.2M ▲ | $83.78M ▼ | $5.3M ▼ |
| Q4-2024 | $20.45M ▲ | $63.7M ▼ | $195.82M ▲ | $-107.74M ▼ | $149.19M ▲ | $87.55M ▲ |
| Q3-2024 | $-34.31M | $68.28M | $-64.75M | $78.36M | $81.89M | $8.37M |
What's strong about this company's cash flow?
Operating cash flow doubled to $128 million, showing the core business is generating real cash. Net income also improved, and the company is paying down debt rather than borrowing more.
What are the cash flow concerns?
Free cash flow is negative and the cash burn is accelerating due to very high investment spending. Working capital is also tying up more cash, and dividends may not be sustainable if this continues.
Q1 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Capital Clean Energy Carriers Corp.'s financial evolution and strategic trajectory over the past five years.
CCEC combines strong current profitability, high operating efficiency, and robust operating cash generation with a clear strategic focus on cleaner energy shipping. It benefits from a modern, specialized fleet, long-term fixed-rate contracts with blue-chip customers, healthy short-term liquidity, and a meaningful equity base. Its innovation efforts in LNG, multi-gas, and CO2 carriers position it at the forefront of several growth themes tied to the global energy transition.
Key risks include significant leverage and interest costs, ongoing negative free cash flow driven by heavy capital spending, and the inherently cyclical and capital-intensive nature of shipping. The company is making sizable strategic bets on emerging markets such as CO2 transport and ammonia that may take time to mature and could be affected by regulatory changes or slower-than-expected adoption. The unusual absence of retained earnings and lack of reported R&D expenses also warrant further context on capital allocation and how innovation is sustained over time.
The forward picture is one of solid near-term earnings supported by contracted cash flows, combined with a more uncertain but potentially attractive long-term growth path in cleaner energy transportation. If CCEC can successfully bring its newbuild program online, maintain high utilization under long-term charters, and gradually reduce leverage, it is well placed to benefit from rising demand for LNG and low-carbon shipping solutions. However, its capital intensity, debt load, and exposure to evolving regulatory and technology landscapes mean that future results could differ meaningfully from the strong snapshot seen in the latest year, and outcomes will depend heavily on execution and market conditions.
About Capital Clean Energy Carriers Corp.
https://www.capitalpplp.comCapital Clean Energy Carriers Corp. (CCEC), an enterprise specializing in marine transport, is headquartered in Piraeus, Greece. This company delivers a wide array of shipping services across Greece, utilizing its fleet to move various commodities. These include liquefied natural gas (LNG) and containerized goods, managed through both short-term voyage charters and longer-term time charters.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $104.16M | $3.92M | $29.76M | 28.58% | $0.51 | $88.42M |
| Q2-2025 | $104.16M ▼ | $3.92M ▼ | $29.76M ▼ | 28.58% ▼ | $0.51 ▼ | $88.42M ▼ |
| Q1-2025 | $109.38M ▼ | $4.13M ▼ | $80.72M ▼ | 73.79% ▲ | $1.35 ▼ | $92.85M ▼ |
| Q4-2024 | $211.16M ▲ | $8.96M ▲ | $125.4M ▲ | 59.39% ▲ | $1.41 ▲ | $158.7M ▲ |
| Q3-2024 | $106.04M | $4.69M | $23.3M | 21.97% | $-0.41 | $72.51M |
What's going well?
The company is consistently profitable, with steady revenue and solid margins. There are no signs of volatility or negative surprises.
What's concerning?
There is no growth at all, and high interest costs are eating into profits. Lack of investment in R&D or marketing could hurt future prospects.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $310.74M ▼ | $4.14B ▼ | $2.67B ▼ | $0 ▼ |
| Q2-2025 | $335.62M ▼ | $4.15B ▼ | $2.71B ▼ | $1.44B ▲ |
| Q1-2025 | $398.76M ▲ | $4.15B ▲ | $2.73B ▼ | $1.41B ▲ |
| Q4-2024 | $313.99M ▲ | $4.11B ▲ | $2.77B ▼ | $1.34B ▲ |
| Q3-2024 | $164.79M | $4.1B | $2.85B | $1.25B |
What's financially strong about this company?
Most assets are real, physical property and equipment, with almost no goodwill or risky intangibles. Debt is mostly long-term, and the company is collecting payments from customers faster.
What are the financial risks or weaknesses?
Shareholder equity has dropped to zero, meaning the company owes as much as it owns. Cash is falling, liabilities are rising, and liquidity is getting tighter. The company is now completely funded by debt, which is risky.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $59.83M ▲ | $63.94M | $-81.03M | $-45.24M | $-63.15M | $-41.67M ▼ |
| Q2-2025 | $29.91M ▼ | $63.94M ▲ | $-81.03M ▼ | $-45.24M ▼ | $-63.15M ▼ | $-20.6M ▼ |
| Q1-2025 | $32.82M ▲ | $56.33M ▼ | $69.66M ▼ | $-42.2M ▲ | $83.78M ▼ | $5.3M ▼ |
| Q4-2024 | $20.45M ▲ | $63.7M ▼ | $195.82M ▲ | $-107.74M ▼ | $149.19M ▲ | $87.55M ▲ |
| Q3-2024 | $-34.31M | $68.28M | $-64.75M | $78.36M | $81.89M | $8.37M |
What's strong about this company's cash flow?
Operating cash flow doubled to $128 million, showing the core business is generating real cash. Net income also improved, and the company is paying down debt rather than borrowing more.
What are the cash flow concerns?
Free cash flow is negative and the cash burn is accelerating due to very high investment spending. Working capital is also tying up more cash, and dividends may not be sustainable if this continues.
Q1 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Capital Clean Energy Carriers Corp.'s financial evolution and strategic trajectory over the past five years.
CCEC combines strong current profitability, high operating efficiency, and robust operating cash generation with a clear strategic focus on cleaner energy shipping. It benefits from a modern, specialized fleet, long-term fixed-rate contracts with blue-chip customers, healthy short-term liquidity, and a meaningful equity base. Its innovation efforts in LNG, multi-gas, and CO2 carriers position it at the forefront of several growth themes tied to the global energy transition.
Key risks include significant leverage and interest costs, ongoing negative free cash flow driven by heavy capital spending, and the inherently cyclical and capital-intensive nature of shipping. The company is making sizable strategic bets on emerging markets such as CO2 transport and ammonia that may take time to mature and could be affected by regulatory changes or slower-than-expected adoption. The unusual absence of retained earnings and lack of reported R&D expenses also warrant further context on capital allocation and how innovation is sustained over time.
The forward picture is one of solid near-term earnings supported by contracted cash flows, combined with a more uncertain but potentially attractive long-term growth path in cleaner energy transportation. If CCEC can successfully bring its newbuild program online, maintain high utilization under long-term charters, and gradually reduce leverage, it is well placed to benefit from rising demand for LNG and low-carbon shipping solutions. However, its capital intensity, debt load, and exposure to evolving regulatory and technology landscapes mean that future results could differ meaningfully from the strong snapshot seen in the latest year, and outcomes will depend heavily on execution and market conditions.

CEO
Gerasimos G. Kalogiratos
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2019-03-28 | Reverse | 1:7 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
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Price Target
Institutional Ownership
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.
Shares:143.2K
Value:$2.97M
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Shares:28.38K
Value:$587.71K
MILLENNIUM MANAGEMENT LLC
Shares:26.54K
Value:$549.71K
Summary
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