Financial Data and Key Metrics Changes - Net income from operations for Q1 2025 was just under $81 million, including a gain of $46.2 million from the sale of two container vessels [5] - Total cash position increased to $420 million, supported by the completion of two container sales [8] - The firm charter backlog increased to $3.1 billion, reflecting positive fundamentals in the energy shipping market [6][10] Business Line Data and Key Metrics Changes - The company has raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, reallocating capital towards gas transportation assets [5] - The average charter duration across the fleet is now 7.3 years, with a charter backlog of $2.8 billion in contract revenue for the LNG fleet [9][10] Market Data and Key Metrics Changes - The LNG carrier, Infosys two, commenced a seven-year charter, contributing to the increased charter backlog [6] - The long-term time charter market has remained stable, with ten-year rates in the high eighties to low nineties range [20] Company Strategy and Development Direction - The company aims to solidify its existing charter book and secure long-term employment for remaining LNG carriers, capitalizing on the growing LNG industry [27] - The focus is on maintaining a dense fleet with the lowest unit rate cost and environmental footprint, aligning with emerging regulatory requirements [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market volatility and highlighted the importance of maintaining a strong balance sheet [8][12] - The company is closely monitoring the impact of U.S. trade policies and tariffs on LNG exports, indicating a low probability of adverse effects on its business model [14][15] Other Important Information - The company has a strong framework for building its gas transportation portfolio, with no single counterparty representing more than 20% of the contract revenue backlog [11] - The new building CapEx program is valued at $2.3 billion, with $467 million already paid in advances [12] Q&A Session Summary Question: CapEx schedule adjustments - Management confirmed that adjustments to the CapEx schedule were made in collaboration with partners and shipbuilders, allowing for flexibility in chartering opportunities [33] Question: Discussions on gas carriers - Ongoing discussions focus on liquid CO2 and other gas volumes, with interest from large companies for three to five-year charters [35][36] Question: Supply-demand dynamics - Management acknowledged that charters are recognizing the supply-demand fundamentals and are willing to pay rates reflecting future market conditions [41] Question: Regasification capacity - There are no expected issues with regasification capacity covering liquefaction capacity in key markets like China, Japan, and Europe [47] Question: Floating storage opportunities - Currently, there are no indications of demand for floating storage due to the costs associated with LNG boil-off [49] Question: U.S. built LNG carriers - The cost of U.S. built LNG carriers is expected to be significantly higher than those built in Korea or China, with compliance responsibilities likely falling on liquefaction operators [60][62]

Group 1: Earnings Performance - Capital Clean Energy Carriers Corp. (CCEC) reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and up from $0.32 per share a year ago, representing an earnings surprise of 52.78% [1] - The company posted revenues of $108.14 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.20%, compared to year-ago revenues of $100.64 million [2] Group 2: Stock Performance and Market Comparison - CCEC shares have increased approximately 9.5% since the beginning of the year, while the S&P 500 has declined by 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $105.02 million, and for the current fiscal year, it is $1.52 on revenues of $429.38 million [7] Group 3: Industry Outlook - The Transportation - Shipping industry, to which CCEC belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]

Financial Performance - Net income from continuing operations for Q1 2025 was $32.8 million[6,9] - A dividend of $0.15 per share was declared for the quarter[6,12] - Net income from discontinued operations was $47.9 million[9] - The company realized a book gain of $46.2 million from the sale of the final two container vessels[10] Contracted Revenue and Backlog - The company has a contracted revenue backlog of $3.1 billion, with 89% or $2.8 billion from LNG assets[6,21] - The average remaining charter duration is 7.3 years[6,21] - The contracted backlog represents 91 years at an average rate of $87,315[18] Balance Sheet and Capital Expenditure - The company has a solid cash position of $420.3 million as of March 31, 2025[14,48] - The company's leverage ratio is 48.8%[14] - The company has a newbuilding program, with cash capex paid[22,23] LNG Market Dynamics - The LNG vessel supply is adjusting, with idle ships rising to 14% of the global fleet[33,34] - Asset prices are firming, with newbuilds at $255 million+[32] - 10-year time charter term rates are firming at high $80k/low $90k per day[32]

Core Insights - Capital Clean Energy Carriers Corp. (CCEC) reported a significant increase in net income and revenues for Q1 2025, reflecting the success of its strategic shift towards gas transportation solutions [1][15][16]. Financial Performance - Revenues for Q1 2025 reached $109.4 million, a 44% increase from $76.2 million in Q1 2024 [6][16]. - Net income from continuing operations was $32.8 million, up 486% from $5.6 million in the same quarter last year [6][15]. - Total expenses increased by 17% to $47.5 million, compared to $40.7 million in Q1 2024 [6][17]. - The average number of vessels in operation rose to 15.0 from 12.0 year-over-year, contributing to the revenue growth [6][16]. Strategic Shift - The company has shifted its focus to transporting various forms of gas, including LNG, and has acquired 21 new gas carriers since November 2023 [3][4]. - CCEC has sold 12 container vessels as part of this strategic transition, reducing its container exposure significantly [3][11][24]. Fleet and Employment - CCEC's fleet now includes 15 vessels, with a focus on LNG carriers, and has secured long-term charters for two newbuild LNG carriers [8][12]. - The contracted revenue backlog has increased to $3.1 billion, with potential growth to $4.5 billion if all extension options are exercised [9][14]. Market Conditions - The LNG shipping market remains under pressure due to oversupply and reduced demand, but long-term contracting activity has seen a resurgence, particularly in Asia and Europe [29][33]. - The average spot market rate for LNG vessels was $16,700/day, with long-term rates significantly higher, indicating a potential recovery in the market [30][31]. Capitalization and Cash Flow - As of March 31, 2025, CCEC had total cash of $420.3 million, including $21.5 million in restricted cash [20]. - The company's total debt decreased to $2,575.9 million, reflecting scheduled principal payments [22]. Dividend Declaration - The Board of Directors declared a cash dividend of $0.15 per share for Q1 2025, payable on May 16, 2025 [28].

Group 1 - Capital Clean Energy Carriers Corp. (CCEC) shares increased by 7.1% to $19.75, following a higher-than-average trading volume, contrasting with a 6.9% decline over the past four weeks [1][2] - The stock's rise is attributed to easing tariff-related tensions, which is crucial for the shipping industry that CCEC operates in, as trade disruptions can negatively impact transportation and industry players [2] - CCEC is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year increase of 12.5%, with revenues projected at $105.81 million, up 5.1% from the previous year [3] Group 2 - The consensus EPS estimate for CCEC has been revised down by 8.6% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - CCEC currently holds a Zacks Rank of 3 (Hold), while DHT Holdings, another company in the same shipping industry, has seen a 1.9% increase in its stock price [5] - DHT Holdings has experienced a significant downward revision of its EPS estimate by 12.8% over the past month, representing a 48.3% decrease compared to the previous year [6]

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) is set to release its financial results for the first quarter ended March 31, 2025, before the NASDAQ market opens on May 8, 2025, followed by an interactive conference call to discuss these results [1]. Company Overview - Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) is an international shipping company specializing in gas carriage solutions, focusing on energy transition [5]. - The company's fleet includes 15 high specification vessels, comprising 12 latest generation LNG carriers and three legacy Neo-Panamax container vessels [5]. - CCEC has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, scheduled for delivery in 2026 and 2027 [5].

Financial Position - As of December 31, 2024, total cash and cash equivalents were $336.5 million, with restricted cash amounting to $22.5 million [463]. - Total shareholders' equity increased to $1,342.9 million as of December 31, 2024, reflecting a net income of $193.6 million for the year [470]. - Total borrowings as of December 31, 2024, were $2,598.3 million, up from $1,690.4 million in 2023 [491]. Cash Flow - Net cash provided by operating activities for the year ended December 31, 2024, was $194.5 million, an increase of $104.0 million compared to 2023 [481]. - Cash proceeds from financing activities for the year ended December 31, 2024, were $742.3 million, primarily from new financing arrangements [488]. Investment Activities - Net cash used in investing activities for the year ended December 31, 2024, amounted to $1,201.2 million, primarily for vessel acquisitions [484]. - Future minimum charter hire receipts for 2025 are projected at $400.9 million, contributing to a total of $2,248.7 million through 2029 [467]. - The company entered into an Umbrella Agreement for the acquisition of Newbuild LNG/C Vessels for a total price of $3,130.0 million [471]. - The company expects to pay an additional $582.3 million for the Remaining Vessels, with expected deliveries between Q3 2026 and Q1 2027 [473]. Financing Arrangements - The vessel-owning company entered into a new credit facility with BNP for up to $192.0 million to partially finance the construction of the LNG/C Apostolos, fully drawn in June 2024 [495]. - A sale and lease back agreement of up to $240.0 million was established for the full repayment of the 2024 – LNG/C Apostolos credit facility, with a duration of eight years [495]. - The LNG/C Aktoras credit facility was secured with Piraeus for up to $240.0 million, fully drawn in June 2024, with a duration of seven years [496]. - Amendments to sale and lease back agreements with Bocomm reduced interest and extended maturity by two years, involving initial indebtedness of $148.9 million and $155.4 million for LNG/C Aristos I and LNG/C Aristarchos respectively [497]. - A new sale and lease back agreement of up to $240.0 million was entered into for the acquisition of shares of the LNG/C Assos, fully drawn in May 2024 [498]. - A credit facility with ING for up to $190.0 million was established for the LNG/C Axios II, fully drawn on January 2, 2024, with a duration of seven years [499]. - The Seller's Credit with Capital Maritime amounted to $220.0 million, with $92.6 million utilized upon delivery of LNG/C Axios II, and subsequent repayments reduced the unutilized amount to $42.2 million by June 2024 [500]. - The 2023 CMBFL - LNG/C AMI involved a $196.3 million sale and leaseback transaction with a 10-year tenor and a repurchase option after the first anniversary [502]. - A new syndicated credit facility of up to $100.0 million was secured for the acquisition of M/V Buenaventura Express, fully drawn on June 15, 2023, with a duration of eight years [503]. - Financing arrangements require maintaining a minimum free consolidated liquidity of at least $0.5 million per collateralized vessel and a ratio of EBITDA to net interest expense of at least 2.00 to 1.00 [511]. Future Plans - The company plans to continue evaluating opportunities for vessel and business acquisitions, subject to financing availability [469].

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) has joined the MIT Maritime Consortium as a Founding Member, collaborating with key maritime stakeholders to develop innovative technologies aimed at enhancing industry competitiveness and reducing environmental impact [1][2][3]. Group 1: Consortium Objectives and Technologies - The consortium focuses on developing technologies for nuclear propulsion, alternative fuels, data-driven operational strategies, autonomy, cybersecurity, and on-board manufacturing of spare parts [2][3]. - The initiative aims to address emissions in the maritime shipping industry, which currently accounts for 2% of global energy-related CO2 emissions while transporting 90% of world cargoes [2][3]. Group 2: Member Contributions and Goals - CCEC aims to leverage its operational expertise and diverse fleet to contribute to the development of AI-driven models and technological solutions for optimizing ship efficiency and predictive maintenance [6][7]. - The consortium seeks to create competitive advantages through novel engineering solutions, including advanced data analytics, autonomy, and 3D printing technologies [4][5]. Group 3: Industry Impact and Future Vision - The collaboration is expected to drive transformative change in the maritime industry, fostering innovation and resilience against challenges while promoting a sustainable future [7][8]. - The consortium's long-term goal is to enable the development of novel technology and policy innovations that will help meet emissions objectives [5][6].

Group 1 - Capital Clean Energy Carriers Corp. (CCEC) will participate in the 19th Annual Capital Link International Shipping Forum on March 31, 2025, in New York City, where its senior executive team will hold one-on-one meetings with institutional investors [1][2] - The forum is a significant event for discussing macroeconomic trends and market dynamics in the global shipping sector, providing insights from industry leaders and a review of various shipping markets [2][3] - CCEC's fleet includes 16 high specification vessels, comprising 12 latest generation LNG carriers and four legacy Neo-Panamax container vessels, with plans to sell one vessel in Q1 2025 [3] Group 2 - CCEC is recognized as a leading platform for gas carriage solutions, focusing on energy transition, with additional vessels under construction, including six latest generation LNG carriers and six dual-fuel medium gas carriers, scheduled for delivery between Q1 2026 and Q3 2027 [3]

Group 1 - Capital Clean Energy Carriers Corp. will participate in the 19th Annual Capital Link International Shipping Forum on March 31, 2025, in New York City, where the senior executive team will hold one-on-one meetings with institutional investors [1][2] - The forum is a significant event for discussing macroeconomic trends and market dynamics in the global shipping sector, providing insights from industry leaders and a review of various shipping markets [2] - Capital Clean Energy Carriers Corp. operates a fleet of 16 high specification vessels, including 12 latest generation LNG carriers and four Neo-Panamax container vessels, with plans to sell one vessel in Q1 2025 [3] Group 2 - The company has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, expected to be delivered between Q1 2026 and Q3 2027 [3]