Capital Clean Energy Carriers Corp. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $138.1 million, up 44% year over year
- ➤Q3 net income $34.6 million, up 52% year over year
- ➤LNG fleet TCE rates reached $83,862 per day in Q3
- ➤Declared third-quarter dividend of $0.15 per share
- ➤Contracted revenues total approximately $2.8 billion, or $4.2 billion with options
Expert Statements
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“The third quarter of 2026 was defined by continued uncertainty in the Middle East, with only intermittent LNG transits through the Strait of Hormuz.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“Although partly cushioned by growing North American liquefaction capacity, the resulting loss of Middle East volumes tightened the Atlantic Basin LNG market, with European storage at multi-year lows ahead of winter and Asian buyers competing for US cargoes.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“At the same time, elevated newbuild deliveries and greater vessel availability led to a softening of the LNG shipping spot market from first-half levels.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“Our strategy of employing latest-generation vessels on long-term charters with high-quality counterparties has insulated CCEC from this short-term volatility.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“Year to date, we have taken delivery of eight vessels (three LNG/Cs, two MG/Cs and three HMG/Cs), with a further eight scheduled for delivery in 2027, marking a significant acceleration in the build-out of the CCEC platform.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“CCEC is the largest US-listed LNG carrier shipping company by fleet size, with a substantial and growing presence in the LPG market, underpinned by contracted fleet growth through 2029.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“Looking ahead, we expect the LNG shipping market to remain volatile in view of the geopolitical uncertainty that currently affects LNG shipping volumes, vessel supply and commodity arbitrage.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“We are, however, confident in the long-term fundamentals.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“The wave of new liquefaction capacity coming online through the end of the decade, together with an increased desire for energy security, should underpin demand for LNG.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“In addition, the need to replace older, less efficient tonnage should drive demand for modern LNG carriers.”
Jerry Kalogiratos, Chief Executive Officer of Capital Clean Energy Carriers Corp.
“These fundamentals leave CCEC well positioned to deliver long-term value for our shareholders.”
ATHENS, Greece, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (the “Company”, “CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, today released its financial results for the third quarter ended September 30, 2026.
Key Highlights * Took delivery of one Liquefied Natural Gas Carrier (“LNG/C”), one Handy Liquefied CO2 Multi-Gas Carrier (“HMG/C”) and one dual-fuel Medium Gas Carrier (“MG/C”) * Secured new employment for two LNG/Cs and four gas carriers, including a one-year index-linked time charter for one of the six LNG/Cs under construction and a one-year time charter for the MG/C Aridaios * Achieved third-quarter daily time charter equivalent (“TCE”) rates of $83,862 for the LNG/C fleet and $40,987 for the Gas Fleet * Declared a dividend of $0.15 per share for the third quarter of 2026 Management Commentary Mr. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: “The third quarter of 2026 was defined by continued uncertainty in the Middle East, with only intermittent LNG transits through the Strait of Hormuz. Although partly cushioned by growing North American liquefaction capacity, the resulting loss of Middle East volumes tightened the Atlantic Basin LNG market, with European storage at multi-year lows ahead of winter and Asian buyers competing for US cargoes. At the same time, elevated newbuild deliveries and greater vessel availability led to a softening of the LNG shipping spot market from first-half levels. Our strategy of employing latest-generation vessels on long-term charters with high-quality counterparties has insulated CCEC from this short-term volatility.
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