Liquid CO2 Carriers

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Capital Clean Energy Carriers Corp.(CCEC) - 2025 Q1 - Earnings Call Presentation
2025-05-08 13:42
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]