CanCambria Energy Provides Operational Update and Submits Technical Operating Plan for Kiskunhalas Exploration ConcessionDecember 11, 2025 8:00 AM EST | Source: CanCambria Energy Corp.Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) ("CanCambria" or the "Company") is pleased to provide an operational update within the BA-IX Mining License area including preparations for drilling of the Kiskunhalas tight-gas field ...

Core Viewpoint - Capital Clean Energy Carriers Corp. has announced the sale of the M/V Buenaventura Express, aligning with its strategic shift towards gas transportation and energy transition [1][3]. Group 1: Sale Details - The memorandum of agreement for the sale was signed on October 29, 2025, with delivery expected in the first quarter of 2026 [2]. - The total expected book gain from the sale is estimated at $4.4 million, with cash proceeds aimed at reducing outstanding debt of approximately $84.4 million and for general corporate purposes [2]. Group 2: Strategic Focus - The divestment of the container vessel is part of the company's strategy to focus on transporting various forms of gas, including liquefied natural gas (LNG) and new commodities related to energy transition [3]. - Since February 2024, the company has sold or agreed to sell 14 container vessels, generating expected gross proceeds of around $814.3 million [3]. Group 3: Fleet Composition - Following the latest sale, the company will retain only one 13,312 TEU container vessel, which is under fixed employment until 2033, with options to extend until 2039 [3]. - The company's fleet includes 14 high specification vessels, comprising 12 latest generation LNG carriers and two legacy Neo-Panamax container vessels [4].

Core Insights - CanCambria Energy Corp. has announced an upgraded independent resource evaluation for the Kiskunhalas tight-gas project, increasing contingent resources to 1.1 trillion cubic feet (Tcf) of gas and 116.6 million barrels (MMbbl) of condensate [1][10] Resource Evaluation - The updated report incorporates additional land acquired through the Kiskunhalas Exploration Concession Area (KCA), which adds 2,000 acres, representing a 27% increase over the BA-IX Area [3][7] - The 2C Contingent Resources "Development Pending" sub-class has increased by 14% to 571.9 billion cubic feet (Bcf) of natural gas and 59.6 million barrels (MMbbl) of condensate/natural gas liquids [5][10] - The net present value (NPV10) for the 2C Development Pending sub-class has increased by US$200 million to approximately US$1.762 billion, assuming an 80% chance of development [8][7] Development Plans - The KCA includes 12 new wells, spaced at 40 acres, contributing to a total of 112 wells in the Kiskunhalas field development plan [9] - The company’s proprietary 3D seismic program and legacy data have significantly improved the resource characterization, enhancing the overall assessment of the project [4][10] Strategic Positioning - CanCambria holds a 100% working interest and a 98% net revenue interest across both the BA-IX mining license and KCA, positioning the company favorably for unconventional resource production [3][11] - The project is viewed as a strategic opportunity for developing a long-life gas field in Europe, aligning with the company's business model [3][11]

Financial Data and Key Metrics Changes - The net income for Q3 2025 from continued operations was reported at $23.1 million, reflecting the impact of the sale of the Manzanillo Express, which has been classified under discontinued operations [6][9] - The company maintained a fixed distribution of $0.15 per share, marking the 74th consecutive quarter of cash dividends since its listing in March 2007 [6][10] - The cash balance at the end of the quarter stood at $332.32 million, with a strong net leverage ratio below 50% [12] Business Line Data and Key Metrics Changes - The company completed the sale of one of its three remaining container vessels, leaving only two container vessels, both on long-term time charters [5][6] - The fleet now consists of 12 LNG carriers and two container vessels, with ongoing capital investment exceeding $2.3 billion in new builds [10][12] Market Data and Key Metrics Changes - The LNG market is experiencing a strong rise in expected demand due to an unprecedented surge in LNG supply growth, with several projects reaching final investment decisions (FID) [20][21] - The EU's plan to ban Russian LNG imports by 2027 is expected to positively impact LNG freight demand, requiring longer voyages from the U.S. Gulf [22][21] Company Strategy and Development Direction - The company is pivoting towards gas transportation, having sold 13 container carriers in the last 24 months [9] - The average charter duration across the fleet is 6.9 years, with a contracted revenue backlog of $2.8 billion from the LNG fleet [15][16] - The company aims to control the largest LNG carrier fleet available on the U.S. stock exchange, with strong visibility on cash flows [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in securing employment for vessels, anticipating a market inflection point between 2027 and 2028 due to increasing global energy trade [26][56] - The company is well-positioned to capitalize on the expected tightness in the LNG market, with a focus on securing long-term employment for new builds [28][91] Other Important Information - The company has secured financing for all multi-gas carriers and liquid CO2 carriers, with debt funding for all ten multi-gas carriers under construction [12][18] - The company is actively engaging in discussions for potential acquisitions, contingent on securing more employment and visibility [88][91] Q&A Session Summary Question: How do you feel these rates sit compared to the general market appetite? - The latest charter is higher than previous ones, reflecting a strong demand outlook for long-term rates in the high 80s to low 90s range [34][35] Question: What sort of impact should we expect to see on the balancing of the carrier market? - Most delays have already been priced in, and the company is well-positioned for projects starting between 2028-2030 [36][37] Question: What is different this time around regarding the resilient term charter market? - The current oversupply in the spot market contrasts with an undersupplied market expected in 2027-2028, leading to higher long-term charter rates [56][57] Question: How are discussions going in terms of renewing the vessel coming off charter in 2026? - The company is confident in securing employment for the vessel, focusing on the right type of employment [68][72] Question: What is the interest in the multi-gas carriers? - The first multi-gas carrier is expected to deliver in January, with strong interest due to its operational flexibility [76][78] Question: Should we expect an impact on the LNG market from recent U.S. sanctions? - No direct impact is expected as major LNG projects have already been sanctioned, but there may be increased trade from U.S. projects [85][87] Question: Is there any appetite for incremental acquisitions? - The company is focused on securing employment and visibility before considering further acquisitions, with a strong cash position anticipated post-new builds [88][91]

Core Insights - Capital Clean Energy Carriers Corp. (CCEC) reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and showing an increase from $0.28 per share a year ago, resulting in an earnings surprise of +2.63% [1] - The company posted revenues of $97.18 million for the quarter ended September 2025, which was 5.11% below the Zacks Consensus Estimate and a decrease from $103.12 million in the same quarter last year [2] - CCEC shares have increased approximately 18.1% year-to-date, outperforming the S&P 500's gain of 17.2% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.42 on revenues of $109.21 million, and for the current fiscal year, it is $2.11 on revenues of $427.75 million [7] Industry Context - The Transportation - Shipping industry, to which CCEC belongs, is currently ranked in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Financial Performance & Highlights - Net income from continuing operations for Q3 2025 was $23.1 million[7] - The company has an average remaining charter duration of 6.9 years[7] with 100% charter coverage for 2025 and 79% for 2026[7] - Contracted revenue backlog exceeds $3.0 billion[7], with 93% or $2.8 billion from gas assets[7, 20] - Cash position is solid with $332.3 million[13, 46] (including restricted cash) as of September 30, 2025[23, 46] - Q3 2025 dividend is $0.15 per share[7] Strategic Updates - Secured employment of up to 10 years for one newbuilding LNG/Cs[7] - Financing completed for all DF MGCs and LCO2/multi-gas carriers[7] - Completed the sale of a 13,300 TEU container carrier in October 2025[7, 13] - The LNG time charter book has a contracted backlog of 93 years at an average TCE of $87,006[17], or approximately $2.8 billion of LNG/C charter revenue[17] LNG Market Dynamics - There has been a surge of Final Investment Decisions (FIDs) in 2025, with three new FIDs in Q3 and seven in total year-to-date[25] - The EU is moving towards a full ban on Russian LNG imports, potentially benefiting shipping as Russian LNG is rerouted to China and US LNG fills the gap in Europe[28, 30] - The EU imported about 17.8 million tons of Russian LNG in 2024[30] - Assuming Russian flows to China travel via Suez in winter and the Northern Sea Route in summer, the split is roughly 50:50, global LNG shipping could gain around 2% on 2024's total ton-miles[30]

Core Insights - Capital Clean Energy Carriers Corp. (CCEC) reported a strategic shift towards gas transportation, focusing on LNG and new commodities related to energy transition, alongside the acquisition of new vessels and divestment of container vessels [3][4][26]. Financial Performance - For Q3 2025, CCEC's revenues were $99.5 million, a decrease of 2.8% from $102.4 million in Q3 2024. Expenses increased by 5.5% to $49.5 million from $46.9 million [6][17]. - Net income for Q3 2025 was $23.1 million, up 43.5% from $16.1 million in Q3 2024 [6][16]. - Interest expense and finance costs decreased by 30.7% to $26.9 million from $38.8 million year-over-year [6][19]. Strategic Developments - CCEC has secured long-term employment for an LNG carrier under construction, contributing to a total contract backlog of 6.9 years and $3.0 billion in contracted revenues [8][15]. - The company completed the sale of 13 container vessels since December 2023, generating gross proceeds of approximately $694.2 million [26]. Fleet and Operations - The current fleet includes 14 vessels, with 12 being the latest generation LNG carriers and two Neo-Panamax container vessels [4][48]. - CCEC's under-construction fleet consists of six LNG carriers and additional gas carriers, with expected capital expenditures totaling $1,767.1 million [27][29]. Market Context - The LNG shipping market is evolving, with modern two-stroke vessels commanding higher earnings compared to older steam turbine vessels. CCEC's fleet is insulated from spot market conditions until Q3 2026 [38][39]. - The global LNG fleet supply is tightening, with a low orderbook to fleet ratio of 41.2%, indicating a favorable environment for modern LNG carriers [39][41]. Corporate Governance - Recent changes in the Board of Directors include the retirement of Abel Rasterhoff and the appointment of Martin Houston, who brings extensive experience in the LNG market [11][42]. Dividend and Shareholder Engagement - CCEC declared a cash dividend of $0.15 per share for Q3 2025, payable on November 13, 2025 [9][37]. - The company has implemented a Dividend Reinvestment Plan, allowing shareholders to reinvest dividends into common shares [36]. Financing Activities - CCEC secured financing for its under-construction fleet, including a $310.1 million arrangement for six dual-fuel medium gas carriers and a $101.7 million agreement for two LCO2 carriers [31][32]. - As of September 30, 2025, total cash amounted to $332.3 million, with total debt at $2,440.8 million [20][22].

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) is set to release its third-quarter financial results on October 30, 2025, and will host an interactive conference call to discuss these results [1]. Company Overview - CCEC is an international shipping company focused on gas carriage solutions and energy transition, operating a fleet of 15 high-specification vessels, including 12 LNG carriers and three Neo-Panamax container vessels [5]. - The company has 16 new-buildings under construction, which include six LNG carriers, six dual-fuel medium gas carriers, and four handy-size LCO₂/multi-gas carriers, with deliveries scheduled between Q1 2026 and Q3 2027 [5]. Conference Call Details - The conference call will take place at 10:00 a.m. Eastern Time on October 30, 2025, with participants advised to dial in 10 minutes early [2]. - A live and archived webcast of the conference call will be available on the company's website, along with accompanying slides [4]. Contact Information - Investor relations contact is Brian Gallagher, EVP Investor Relations, reachable at +44-(770) 368 4996 or via email [7].

Core Insights - Diversification in the shipping industry is a common strategy, as demonstrated by Danaos (DAC) entering the dry bulk sector through direct vessel investments and a stake in Eagle Bulk [1] Group 1 - Danaos has expanded its operations by investing in dry bulk vessels, indicating a strategic move to diversify its portfolio [1] - The company has previously invested in Eagle Bulk, showcasing its commitment to growth in the shipping sector [1]

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) is undergoing a significant transition in its leadership and strategic direction, focusing on growth in the LNG and energy transition sectors [1][2]. Group 1: Leadership Changes - Seven directors were re-elected to serve until the 2026 Annual Meeting of Shareholders [7]. - Abel Rasterhoff retired from the Board of Directors after contributing since the company's Nasdaq listing in 2007 [1][7]. - Martin Houston was appointed to the Board as Rasterhoff's successor, bringing extensive experience in global LNG and energy markets [2][7]. Group 2: Company Overview - CCEC is an international shipping company specializing in gas carriage solutions, with a fleet of 15 high-specification vessels, including 12 LNG carriers and three Neo-Panamax container vessels [5]. - The company has 16 new-buildings under construction, which include six LNG carriers and six dual-fuel medium gas carriers, scheduled for delivery between Q1 2026 and Q3 2027 [5]. Group 3: Strategic Focus - The appointment of Martin Houston is expected to provide critical insights and support as CCEC accelerates its strategy around LNG and the energy transition [2]. - The company aims to leverage Houston's industry experience to pursue its growth ambitions in the evolving energy landscape [2].