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Capital Clean Energy Carriers Corp.(CCEC) - 2025 Q3 - Earnings Call Presentation
2025-10-30 14:00
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]
Capital Clean Energy Carriers Corp. Announces Implementation of Dividend Reinvestment Plan
Globenewswireยท 2025-06-10 20:05
Core Viewpoint - Capital Clean Energy Carriers Corp. has announced the implementation of a Dividend Reinvestment Plan to allow shareholders to reinvest cash dividends into common shares of the company [1][6]. Group 1: Dividend Reinvestment Plan Details - The Plan is available to existing shareholders and future investors, providing a convenient method to reinvest cash dividends [1]. - Shareholders opting out of the Plan will continue to receive cash dividends in the usual manner [2]. - The Plan will be administered by Computershare, which will purchase newly issued common shares directly from the company [4]. Group 2: Participation and Enrollment - Existing shareholders can participate directly by following instructions on Computershare's website or by submitting an enrollment form [3]. - Beneficial owners must either transfer shares into their name or coordinate participation through their broker or nominee [3]. - Shareholders can obtain the Plan prospectus and enrollment form by contacting Computershare or visiting their website [5]. Group 3: Company Overview - Capital Clean Energy Carriers Corp. is a leading international shipping company focused on gas carriage solutions and energy transition [8]. - The company operates a fleet of 15 high specification vessels, including 12 latest generation LNG carriers and three Neo-Panamax container vessels [8]. - An additional fleet of six LNG carriers, six dual-fuel medium gas carriers, and four multi-gas carriers is under construction, with deliveries scheduled between Q1 2026 and Q3 2027 [8].