Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, released its financial results for the second quarter ended June 30, 2026.
Key Highlights
- Took delivery of two Liquefied Natural Gas Carriers (“LNG/Cs”) along with one Handy Liquefied CO2 Multi-Gas Carrier (“HMG/C”) and two dual-fuel Medium Gas Carriers (“MG/Cs”)
- Agreed to divest a 49% stake in the LNG/C Amore Mio I, formed a joint venture company with an affiliate of the BGN Group and secured a 10-year time charter
- Joint venture announced for the construction and operation of a dual-fuel Liquefied Natural Gas Bunkering Vessel (“LNGB/V”) with CMA CGM S.A. (“CMA CGM”)
- Secured index-linked employment for LNG/C Alcaios I for 18 months
- Declared a dividend of $0.15 per share for the second quarter of 2026
- Commenced share repurchase program for up to $20.0 million
Management Commentary
Mr. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: “The volatility experienced in the second quarter of 2026 in gas shipping markets, as a result of the tension in the Middle East, allowed us to capture additional contract coverage at attractive rates for our LNG and LPG carriers, bringing the average firm contract duration for our LNG/C fleet to 6.5 years and 0.9 years for our LPG/multi gas fleet.
After taking delivery of two LNG/Cs, two HMG/Cs and two MG/Cs since the beginning of the year, our fleet in the water comprises 14 latest-generation LNG/Cs, two HMG/Cs, two MG/Cs and one legacy Neo-Panamax container vessel, with another seven LNG/Cs, two HMG/Cs, four MG/Cs and one LNGB/V on order. This makes CCEC the largest US-listed LNG shipping company with a substantial footprint in the LPG market and contracted fleet growth through 2029. We have a diversified customer base with approximately $2.9 billion in contracted revenues, which could increase to approximately $4.3 billion, if all charter options were to be exercised, providing our investors with cash flow visibility and stability.”