Capital Clean Energy Carriers Issues €250M Bonds, Sells 49% LNG/C Stake and Declares Dividend
CCEC•Capital Clean Energy Carriers completed a €250M seven-year bond sale, approved a $20M share buyback, declared a $0.15 dividend and sold 49% of its 174,000 cbm LNG/C Amore Mio I in a JV chartered for 10 years. Q1 revenue fell 3.9% to $98M and net income dropped 44% to $18.3M.
1. Financing and Shareholder Returns
The company raised €250 million through a seven-year unsecured bond sale on ATHEX and simultaneously approved a $20 million share repurchase program. A $0.15 per share dividend was declared for Q1 2026, reflecting management’s commitment to returning capital to investors.
2. Q1 Financial Performance
For the quarter ended March 31, revenues declined 3.9% year-over-year to $98.0 million while expenses rose 25.7% to $54.3 million, driven by higher operating costs. Interest expense decreased 17.3% to $23.0 million, but net income fell 44.0% to $18.3 million, with the fleet averaging 14 vessels.
3. Fleet Expansion and JV Transaction
Delivery of the 22,000 cbm multi-gas carrier Amadeus boosted capacity, and the delivery of three LNG carriers under construction was brought forward. The sale of 49% of the 174,000 cbm LNG/C Amore Mio I into a joint venture with a BGN affiliate secures a 10-year time charter, strengthening contracted revenue visibility.
