CCEC Delivers New Vessels, Secures Time Charter, and Launches Share Buyback

Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels listed on NASDAQ under the ticker CCEC, has announced its financial results for the second quarter of 2026. Key highlights include the delivery of two Liquefied Natural Gas Carriers (LNG/Cs) and one Handy Liquefied CO2 Multi-Gas Carrier (HMG/C), as well as two dual-fuel Medium Gas Carriers (MG/Cs). The company also secured a 10-year time charter for its LNG/C Amore Mio I, formed a joint venture with an affiliate of the BGN Group, and commenced a share repurchase program for up to $20.0 million.

The company's CEO, Jerry Kalogiratos, commented on the volatility experienced in the second quarter of 2026, stating that it allowed them to capture additional contract coverage at attractive rates for their LNG and LPG carriers. The average firm contract duration for their LNG/C fleet is now 6.5 years, and 0.9 years for their LPG/multi gas fleet.

The company's under-construction fleet includes seven latest-generation LNG/Cs, four MG/Cs, two HMG/Cs, and one LNGB/V (50% ownership through joint venture). The expected capex payments for its under-construction fleet are set to total $1.697 billion by 2029.

The company's financial results for the quarter ended June 30, 2026, showed revenues of $104.9 million, expenses of $51.8 million, interest expense and finance cost of $25.3 million, and net income of $29.0 million, compared to net income of $29.7 million in the same period last year.