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].

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) is strategically shifting its focus towards gas transportation, highlighted by the sale of a container vessel and securing financing for new gas carriers [3][8]. Vessel Sale - CCEC signed a memorandum of agreement on August 7, 2025, for the sale of the M/V Manzanillo Express, a 13,312 TEU container vessel, expected to be delivered in Q3 2025 [1]. - The company anticipates a gain of approximately $6.9 million from this sale, with cash proceeds aimed at reducing outstanding debt of about $90.4 million by the end of Q3 2025 [2]. Strategic Shift - The sale aligns with CCEC's strategic plan announced in November 2023, focusing on the transportation of various gas forms, including liquefied natural gas (LNG) [3]. - Since February 2024, CCEC has sold or agreed to sell 13 container vessels, generating expected gross proceeds of approximately $694.2 million, which will be reinvested in advanced gas transportation assets [3]. Financing Arrangements - On August 13, 2025, CCEC secured a seven-year financing arrangement for six dual-fuel medium gas carriers (MGCs) under construction, with a total expected financing amount of $310.1 million, potentially increasing to $376.6 million if long-term employment is secured [4][5]. - The financing includes options for pre-delivery financing, enhancing the company's liquidity and operational flexibility [4]. Fleet Overview - CCEC's current fleet includes 15 high specification vessels, with a focus on energy transition and gas carriage solutions [7]. - The under-construction fleet consists of six additional latest generation LNG carriers and six dual-fuel medium gas carriers, scheduled for delivery between Q1 2026 and Q3 2027 [9].

Group 1 - The Board of Directors of Capital Clean Energy Carriers Corp. has scheduled an annual meeting for shareholders on September 22, 2025, at the Corporation's headquarters in Greece [1] - Shareholders of record as of July 25, 2025, are entitled to vote at the Annual Meeting, and relevant materials are being sent to them [1] - Electronic copies of the meeting materials are available on the Corporation's website [1] Group 2 - Capital Clean Energy Carriers Corp. is a leading international shipping company focused on gas carriage solutions and energy transition [2] - The company operates a fleet of 15 high specification vessels, including 12 latest generation LNG carriers and three legacy Neo-Panamax container vessels [2] - An additional fleet under construction includes six latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy LCO2/multi-gas carriers, expected to be delivered between Q1 2026 and Q3 2027 [2]

Financial Performance - Total revenues for the six-month period ended June 30, 2025, amounted to $213.5 million, an increase of $55.2 million compared to $158.3 million for the same period in 2024, primarily due to the acquisition of three LNG/C vessels[19] - Net income for the six-month period ended June 30, 2025, was $62.7 million, significantly higher than $17.9 million for the same period in 2024[31] - Operating income for the six-month period ended June 30, 2025, was $118,453,000, compared to $77,578,000 in 2024, reflecting a 52% increase[58] - Net income from continuing operations for the six-month period ended June 30, 2025, was $62,735,000, compared to $17,925,000 for the same period in 2024, representing a significant increase of 249%[64] - Net income attributable to common shareholders for the six-month period ended June 30, 2025, was $110,481,000, up from $67,347,000 in 2024, representing a 64% increase[58] Cash Flow and Liquidity - Total cash and cash equivalents as of June 30, 2025, amounted to $357.2 million, including $21.5 million in restricted cash[32] - Net cash provided by operating activities increased to $115.4 million for the six-month period ended June 30, 2025, up from $75.6 million in 2024[40] - Cash provided by operating activities of continuing operations was $115,423,000, up from $75,560,000 in the prior year, indicating a year-over-year increase of 53%[64] - Cash and cash equivalents at the end of the period were $357,162,000, compared to $101,184,000 at the end of the previous year, marking a substantial increase[64] Expenses - Total voyage expenses decreased to $3.4 million for the six-month period ended June 30, 2025, from $5.0 million in the same period in 2024, a reduction of $1.6 million attributed to reimbursements from charterers[22] - Total vessel operating expenses increased to $35.3 million for the six-month period ended June 30, 2025, compared to $30.1 million for the same period in 2024, reflecting an increase of $5.2 million due to a higher average number of vessels[24] - General and administrative expenses rose to $8.0 million for the six-month period ended June 30, 2025, compared to $7.7 million in 2024, primarily due to increased fees under the executive services agreement[26] - Total other expenses, net for the six-month period ended June 30, 2025, were $55.7 million, down from $59.7 million in 2024[29] Fleet and Vessels - The average number of vessels in the fleet increased by 2.7 vessels for the six-month period ended June 30, 2025, compared to the corresponding period in 2024[19] - The company has a fleet of 15 high specification vessels, including 12 latest generation LNG carriers and six additional LNG carriers under construction, expected to be delivered between Q1 2026 and Q3 2027[66] - As of June 30, 2025, all vessels were employed under time and bareboat charter agreements with remaining tenors ranging from 1.2 to 9.3 years, with some agreements including extensions of up to 6.0 years[74] Shareholder Returns - A cash dividend of $0.15 per common share was declared for the second quarter of 2025, payable on August 8, 2025[14] - The company declared dividends of $0.30 per common share, totaling $17,803,000 for the six-month period ended June 30, 2025[61] - The Company declared and paid distributions of $0.30 per common share for both the six-month periods ended June 30, 2025, and 2024[120] Debt and Financing - The vessel-owning companies entered into a new credit facility for $101.7 million, which may increase to $117.3 million if long-term employment is secured, to finance the delivery of two vessels under construction[11] - As of June 30, 2025, total borrowings under financing arrangements were $2,564.7 million, a slight decrease from $2,598.3 million as of December 31, 2024[47] - The total long-term debt as of June 30, 2025, was $2,564,672, a decrease from $2,598,320 as of December 31, 2024[93] Revenue Sources - Major revenue contributors for the six-month period ended June 30, 2025, included BP Gas Marketing Limited (17%), Bonny Gas Transport Limited (14%), and Cheniere Marketing International LLP (13%) among others[21] - The company’s revenues for the six-month period ended June 30, 2025, were significantly derived from a few charterers, with BP accounting for 17% of revenues[114] Other Financial Metrics - Total assets as of June 30, 2025, amounted to $4,145,538,000, a slight increase from $4,112,882,000 as of December 31, 2024[56] - Total liabilities decreased to $2,706,685,000 as of June 30, 2025, from $2,769,913,000 as of December 31, 2024[56] - Total shareholders' equity as of June 30, 2025, was $1,438.9 million, reflecting an increase of $95.9 million from $1,343.0 million as of December 31, 2024[37]

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.4 per share, marking a year-over-year increase from $0.4 per share [1] Group 1: Earnings Performance - The company achieved an earnings surprise of +27.50% for the recent quarter and had a previous quarter surprise of +52.78% [1][2] - Over the last four quarters, CCEC has surpassed consensus EPS estimates two times [2] - The current consensus EPS estimate for the upcoming quarter is $0.37, with an expected revenue of $107.74 million [7] Group 2: Revenue Insights - CCEC reported revenues of $102.03 million for the quarter ended June 2025, which was 6.29% below the Zacks Consensus Estimate, but an increase from $95.51 million year-over-year [2] - The company has only topped consensus revenue estimates once in the last four quarters [2] Group 3: Stock Performance and Outlook - CCEC shares have increased approximately 27.7% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call [3][4] - The current Zacks Rank for CCEC is 3 (Hold), indicating expected performance in line with the market [6] Group 4: Industry Context - The Transportation - Shipping industry, to which CCEC belongs, is currently in the top 39% of over 250 Zacks industries, suggesting a favorable outlook [8] - Another company in the same industry, EuroDry, is expected to report a quarterly loss of $1.23 per share, reflecting a significant year-over-year decline [9]

Financial Data and Key Metrics Changes - Net income from operations for Q2 2025 was just under $30 million, primarily from the company's 15 vessels, which include 12 LNG carriers and 3 container vessels [5] - The company maintained a fixed distribution of $0.15 per share, marking the 73rd consecutive quarter of cash dividends since its listing in March 2007 [6][9] - The ongoing capital investment program amounts to over $2.3 billion, with a focus on expanding the asset base with new LNG and gas vessels starting delivery in 2026 [8] Business Line Data and Key Metrics Changes - The company reported a negative quarter in terms of earnings generation due to the absence of container vessels, which were not part of the fleet this quarter [8] - Financing was secured for two LCO2 carriers, with an approximate financing amount of $51 million per vessel, indicating a strategic move towards expanding the fleet [10] Market Data and Key Metrics Changes - The LNG market has seen a significant increase in new LNG Sales and Purchase Agreements (SPAs), with approximately 47 million tons sold since January 2025, including 25 million tons in Q2 alone [12] - A record pace of vessel removals from the fleet and a record low number of newbuilding orders were noted, indicating a potential market rebalancing [13][16] Company Strategy and Industry Competition - The company is pivoting towards becoming an LNG and gas transportation-focused entity, with plans to expand its charter book and secure long-term contracts [7][11] - The order book to fleet ratio for large LNG carriers is just below 44%, reflecting a slowdown in new energy orders, which is favorable for the company [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the LNG market, anticipating a strengthening market by 2026 and 2027 due to strong energy supply growth and the absence of new energy sea orders [18] - The company is well-positioned to benefit from the expected market dynamics, with a considerable contract coverage of over 70 years already in place [20] Other Important Information - The company introduced a Dividend Reinvestment Program (DRIP) for the first time in Q2, offering shareholders more options for their investments [6] - The company is actively involved in discussions regarding the employment of its new vessels, particularly in the emerging LCO2 market [23] Q&A Session Summary Question: Impact of increased merchant volumes on the carrier market - Management indicated that contracted volumes and SPAs do not have secure shipping, leading to a demand for approximately 300 ships, highlighting a potential supply-demand imbalance [21][22] Question: Near-term employment prospects for multi gas carriers and LCO2 carriers - Management noted that the fixing window for LCO2 carriers is shorter compared to LNG, with expectations for more concrete commercial discussions in the next three to four months [23][24] Question: Sentiment in the LNG sector following the U.S.-EU deal - Management confirmed that the deal has positively affected shipping sentiment, with multiple term requirements surfacing and active involvement in those discussions [32][35] Question: Anticipation of growth in the order book for liquid CO2 carriers - Management expects to see more orders in the next six to twelve months as projects mature, but noted that shipyard capacity for specialized vessels is limited [38][39] Question: Financing of new builds - Management stated that financing for new builds has been favorable, with lenders showing interest due to the vessels' flexibility in trading [41][42]

Financial Performance - Net income from continuing operations for Q2 2025 was $29.9 million[7, 10] - A dividend of $0.15 per share was declared for the quarter[7, 11] - The company has a contracted revenue backlog of over $3.0 billion, with 89% or $2.7 billion from gas assets[7, 20] - The company has a solid cash position of $357.2 million as of June 30, 2025[12, 43] Operational Highlights - The average remaining charter duration is 7.1 years with 100% charter coverage for 2025 and 80% for 2026[7, 20] - Secured financing for two LCO2 carriers under construction, Amadeus & Athenian, delivering in 2026[7, 13] - Two 5-year special surveys are scheduled for LNG/C Aristos I and LNG/C Aristidis I in August and September 2025, respectively, with an off-hire estimate of approximately 23-25 days per vessel[14] Strategic Update - The LNG time charter book has a contracted backlog of 88 years at an average TCE of $87,109, or approximately $2.7 billion of LNG/C charter revenue, which could increase to 118 years if all options are exercised[17] - The company is expected to become the largest and youngest fleet of energy transition vessels[43] LNG Market - Q2 2025 was one of the highest ever for SPA (Sale and Purchase Agreement) announcements, indicating a positive outlook for LNG[26, 27] - There is growing scrapping of LNG steam vessels as the market rebalances[28, 29]