Capital Clean Energy Carriers (NASDAQ:CCEC) Releases Quarterly Earnings Results

Capital Clean Energy Carriers (NASDAQ:CCEC) released its earnings results on Friday. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06, Zacks reports. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%.

Here are the key takeaways from Capital Clean Energy Carriers’ conference call:

• Revenue and net income increased sharply: Q3 revenue rose 44% year over year to $138.1 million, while net income from continuing operations increased 52% to $34.6 million as newly delivered vessels contributed to results.
• Strong contracted coverage and liquidity support the growth program: Contracted revenue totaled approximately $2.8 billion, or $4.2 billion including options, and management said remaining newbuilding CapEx is fully fundable while releasing significant liquidity.
• Management remains optimistic about long-term LNG shipping demand: U.S. LNG expansion, buyer diversification away from Middle Eastern supply, and projected liquefaction growth are expected to increase ton-mile demand, with management still viewing 2028 as the market inflection point.
• Near-term LNG spot markets remain weak and volatile: Atlantic two-stroke rates averaged about $51,000 per day in Q3 and fell as low as $10,000 in August, while excess tonnage, newbuild deliveries, and a closed U.S.-Asia arbitrage continue to pressure rates through early 2027.
• Gas carrier markets are tightening: Strong U.S. LPG exports, logistical disruptions, and limited MGC availability lifted spot earnings, while the company’s gas fleet is covered into 2027 and its upcoming newbuilds are attracting firm term interest.

Capital Clean Energy Carriers Trading Up 8.7%

CCEC traded up $1.72 during trading on Friday, hitting $21.45. The company’s stock had a trading volume of 49,410 shares, compared to its average volume of 9,113. The stock’s fifty day moving average price is $21.41 and its 200-day moving average price is $21.40. Capital Clean Energy Carriers has a twelve month low of $16.77 and a twelve month high of $23.95. The firm has a market capitalization of $1.25 billion, a P/E ratio of 11.53 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 1.81.

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Tuesday, November 3rd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 3rd. This represents a $0.60 annualized dividend and a yield of 2.8%. Capital Clean Energy Carriers’s payout ratio is presently 32.26%.

Analysts Set New Price Targets

CCEC has been the subject of a number of research reports. Weiss Ratings downgraded Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, October 9th. BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Zacks Research cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price objective on shares of Capital Clean Energy Carriers in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Capital Clean Energy Carriers has a consensus rating of “Hold” and a consensus target price of $24.75.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company’s fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.

The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.