Quarterly ResultMay 7, 2026, 08:32 AM
CCEC Q1 Net Income $18.3M; €250M Bond; JV Formed; $0.15 Dividend
AI Summary
Capital Clean Energy Carriers Corp. reported Q1 2026 net income from continuing operations of $18.3 million, a 44.0% decrease year-over-year, on revenues of $98.0 million, down 3.9%. Despite the financial decline, the company completed a significant €250.0 million unsecured bond offering and strategically divested a 49% stake in LNG/C Amore Mio I to form a joint venture with BGN Group, securing a 10-year time charter. CCEC also declared a $0.15 per share dividend, approved a $20.0 million share buyback program, took delivery of a new LCO2/multi-gas carrier, and advanced the delivery of three LNG/Cs under construction. Martin Houston was appointed Chairman of the Board.
Key Highlights
- Q1 2026 Net Income from continuing operations was $18.3M, down 44.0% YoY.
- Q1 2026 Revenues were $98.0M, a 3.9% decrease YoY.
- Completed a €250.0M unsecured bond offering with a seven-year maturity.
- Divested 49% stake in LNG/C Amore Mio I, forming JV with BGN Group for a 10-year charter.
- Declared a $0.15 per share dividend and approved a $20.0M share buyback program.
- Took delivery of LCO2/multi-gas carrier Amadeus and advanced delivery of three LNG/Cs.
- Martin Houston appointed Chairman of the Board.