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CCEC

Capital Clean Energy Carriers Corp.

CCEC

Capital Clean Energy Carriers Corp. • NASDAQ
$20.57 ▲ 2.54% (+0.51)
Market Cap $1.21 B
52w High $24.83
52w Low $14.09
Dividend Yield 0.60%
P/E 14.91
Volume 10.71K
Outstanding Shares 58.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $208.318M ▲ $7.83M ▲ $59.528M ▲ 28.576% $1.02 ▲ $165.966M ▲
Q2-2025 $104.159M ▼ $3.915M ▼ $29.764M ▼ 28.576% ▼ $0.51 ▼ $82.983M ▼
Q1-2025 $109.381M ▼ $4.129M ▼ $80.717M ▼ 73.794% ▲ $1.35 ▼ $92.85M ▼
Q4-2024 $211.161M ▲ $8.959M ▲ $125.4M ▲ 59.386% ▲ $1.41 ▲ $158.699M ▲
Q3-2024 $106.043M $4.687M $23.298M 21.97% $-0.41 $72.513M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $310.743M ▼ $4.137B ▼ $2.674B ▼ $0 ▼
Q2-2025 $335.615M ▼ $4.146B ▼ $2.707B ▼ $1.439B ▲
Q1-2025 $398.761M ▲ $4.148B ▲ $2.733B ▼ $1.415B ▲
Q4-2024 $313.988M ▲ $4.113B ▲ $2.77B ▼ $1.343B ▲
Q3-2024 $164.793M $4.096B $2.85B $1.245B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $59.826M ▲ $127.876M ▲ $-162.057M ▼ $-90.481M ▼ $-63.146M $-41.666M ▼
Q2-2025 $29.913M ▼ $63.938M ▲ $-81.029M ▼ $-45.241M ▼ $-63.146M ▼ $-20.833M ▼
Q1-2025 $32.822M ▲ $56.326M ▼ $69.656M ▲ $-42.201M ▼ $83.781M ▲ $5.299M ▼
Q4-2024 $-34.315M $68.279M $-64.745M $78.36M $81.892M $8.368M
Q3-2024 $-34.315M $68.279M $-64.745M $78.36M $81.892M $8.368M

Five-Year Company Overview

Income Statement

Income Statement Revenue and earnings have been climbing steadily over the past five years, showing a business that is scaling up rather than standing still. Profitability at the operating level looks solid, with healthy margins, which suggests the core shipping activities are run efficiently. Net income, however, has been somewhat bumpy, with a noticeable dip in one recent year despite higher sales. That kind of swing often reflects one‑off items, changes in financing costs, or accounting effects rather than a fundamental shift in the business. Overall, the trend points to a growing, generally profitable company, but with some earnings volatility that investors should expect in a capital‑intensive, contract‑driven industry like gas shipping.

Balance Sheet

Balance Sheet The balance sheet shows a company in expansion mode. Total assets have grown strongly as CCEC invests in new, more advanced vessels. Equity has also risen, which is positive, but debt has increased significantly and now makes up a large part of the capital structure. This means the company is more leveraged than it was a few years ago, a common pattern for fleet renewal and growth in shipping. Cash on hand has improved compared with earlier years but remains modest relative to the size of the asset base, so the company’s financial flexibility leans heavily on its ability to access debt markets and keep its contracted cash flows stable. The direction of travel is clear: bigger, more modern, but also more indebted.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has been consistently positive and gradually improving, which is a healthy sign that the existing fleet and contracts are producing real cash. Free cash flow, however, has been mostly negative, especially in the most recent year, driven by heavy spending on new ships and technology. This pattern is typical of a growth and transformation phase: the business is reinvesting more cash than it generates to build its future fleet. The trade‑off is that near‑term cash is tight and the company depends on external financing and long‑term charters to support this investment program. The key question going forward is whether the new vessels convert this upfront cash drain into higher, more stable cash inflows once they are delivered and fully employed.

Competitive Edge

Competitive Edge CCEC is carving out a focused niche as a gas and clean‑energy carrier rather than a generalist ship owner. By shifting away from older container assets into modern LNG and multi‑gas vessels, it is aligning itself with long‑term trends in energy transition and stricter environmental rules. Its fleet strategy aims for one of the youngest, most fuel‑efficient profiles in its industry, which can be a real advantage as charterers look to cut emissions and fuel costs. Long‑term contracts with large, well‑known energy companies help underpin revenue visibility and reduce exposure to spot‑market swings. On the flip side, CCEC is concentrated in a capital‑intensive, cyclical sector, and its growth relies heavily on a relatively small number of large counterparties and projects. That concentration brings strategic strength but also ties the company’s fortunes closely to execution on those contracts and broader energy‑transition policies.

Innovation and R&D

Innovation and R&D Innovation is central to CCEC’s strategy. The company is investing in advanced LNG carriers with modern engines and efficiency technologies designed to cut fuel use and emissions. Its move into liquid CO2 shipping is particularly notable: ordering some of the largest LCO2 carriers, with the added ability to carry other gases like ammonia and LPG, places CCEC at the front of an emerging market linked to carbon capture and clean fuels. Membership in the MIT Maritime Consortium signals an active approach to research, data, and digital optimization, rather than just buying off‑the‑shelf ships. These efforts could give CCEC a durable technological edge and better operating performance over time. However, the commercial success of LCO2 and some newer technologies is not yet fully proven, so there is a degree of technology and market risk alongside the potential upside.

Summary

CCEC is in the middle of a strategic transformation from a more traditional shipping business into a specialized carrier of LNG and other clean‑energy‑related gases. The financial statements reflect this: rising revenue and operating profits, a rapidly expanding asset base, heavier use of debt, and substantial cash outflows for new vessels. Operational cash generation is sound, but near‑term free cash is being sacrificed to fund growth. Competitively, a young, efficient fleet and long‑term contracts with major energy players give the company a strong position in a niche that is increasingly important for the energy transition. Its push into liquid CO2 and multi‑gas capabilities adds a first‑mover angle, supported by external R&D partnerships. The main strengths are strategic focus, fleet quality, and contracted revenues; the main risks are higher leverage, execution on a large investment program, and uncertainty around how quickly new markets like CO2 shipping will scale. Overall, CCEC looks like a growth‑oriented, innovation‑driven shipping company with meaningful upside potential but also elevated financial and project‑execution sensitivities that warrant close monitoring.

NEWS

November 20, 2025 · 9:00 AM UTC

Capital Clean Energy Carriers Corp. Announces the Sale of a Neo-Panamax 13,312 TEU Container Vessel

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November 18, 2025 · 9:00 AM UTC

Cancambria Energy Corp Announces Upgraded Resource Evaluation to Include Kiskunhalas Concession Increasing the Contingent Resources to 1.1 Tcf Gas and 116.6 MMbbl Condensate

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October 22, 2025 · 4:05 PM UTC

Capital Clean Energy Carriers Corp. Declares Quarterly Dividend

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