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

Capital Clean Energy Carriers (NASDAQ:CCEC) released its quarterly earnings data on Friday. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06, Zacks reports. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%.

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 Price Performance

Capital Clean Energy Carriers stock traded up $1.83 during mid-day trading on Friday, reaching $21.56. 44,339 shares of the company were exchanged, compared to its average volume of 9,098. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13. Capital Clean Energy Carriers has a 12 month low of $16.77 and a 12 month high of $23.95. The firm has a market cap of $1.26 billion, a PE ratio of 11.59 and a beta of 0.68. The company has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $21.40.

Capital Clean Energy Carriers Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCEC shares. Jefferies Financial Group reissued a “hold” rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Zacks Research lowered shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. BTIG Research reissued a “buy” rating and issued a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.