Quarterly ResultMay 11, 2026, 05:02 PM
Capital Clean Energy Q1 Net Income $18.3M (-44%); Declares $0.15 Dividend
AI Summary
Capital Clean Energy Carriers Corp. announced its first quarter 2026 financial results, reporting a 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 decline in net income, the company completed a €250.0 million unsecured bond offering, formed a joint venture with BGN Group for the LNG/C Amore Mio I with a 10-year time charter, and took delivery of a new LCO2/multi-gas carrier. The Board also approved a $20.0 million share buyback program and declared a $0.15 per share dividend.
Key Highlights
- Q1 2026 Net Income from continuing operations was $18.3 million, a 44.0% decrease from Q1 2025.
- Q1 2026 Revenues were $98.0 million, down 3.9% compared to $102.0 million in Q1 2025.
- Completed an offering of €250.0 million in unsecured bonds with a seven-year maturity and a 3.75% coupon.
- Agreed to divest a 49% stake in the LNG/C Amore Mio I and formed a Joint Venture with BGN Group.
- Secured a 10-year time charter for the LNG/C Amore Mio I, with potential revenues up to $485.6 million.
- Board approved a $20.0 million share buyback program.
- Declared a cash dividend of $0.15 per share for the first quarter of 2026.
- Took delivery of the second LCO2/multi-gas carrier, Amadeus, and brought forward delivery of three LNG/Cs.
Price Impact
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