Capital Clean Energy Carriers (NASDAQ:CCEC) Releases Earnings Results, Beats Estimates By $0.06 EPS

Key Points

• Capital Clean Energy Carriers beat earnings expectations: The company reported quarterly EPS of $0.57, exceeding the $0.51 consensus estimate by $0.06. Revenue rose 44% year over year to $138.1 million, while net income from continuing operations increased 52% to $34.6 million.
• Contract coverage and liquidity support expansion: Contracted revenue totaled approximately $2.8 billion, or $4.2 billion including options, and management said remaining newbuild capital expenditures are fully fundable.
• Outlook is mixed: Management expects long-term LNG shipping demand to benefit from U.S. LNG growth, but near-term spot markets remain weak and volatile due to excess tonnage and newbuild deliveries. The company declared a quarterly dividend of $0.15, representing a 2.8% yield.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) announced its earnings results on Friday. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06, Zacks reports. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%.

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 Stock Up 9.3%

Capital Clean Energy Carriers stock traded up $1.83 during midday trading on Friday, hitting $21.56. The stock had a trading volume of 44,339 shares, compared to its average volume of 9,098. Capital Clean Energy Carriers has a 12 month low of $16.77 and a 12 month high of $23.95. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81. The stock has a market cap of $1.26 billion, a P/E ratio of 11.59 and a beta of 0.68. The business has a fifty day moving average price of $21.41 and a 200 day moving average price of $21.40.

Capital Clean Energy Carriers Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on CCEC shares. Jefferies Financial Group reiterated a "hold" rating and issued a $23.00 price objective on shares of Capital Clean Energy Carriers in a research note on Monday, August 3rd. Weiss Ratings cut shares of Capital Clean Energy Carriers from a "buy (b)" rating to a "hold (c)" rating in a research note on Friday, October 9th. BTIG Research reiterated a "buy" rating and issued a $25.00 price objective on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Finally, Zacks Research cut Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Capital Clean Energy Carriers presently 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.

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