Capital Clean Energy Carriers Orders Three LNG Ships for $769.5M, Q4 Net Income Up 36.5%
Capital Clean Energy Carriers posted Q4 revenues of $98.3 million, net income of $28.4 million (up 36.5%) and interest expense down 28.4% to $23.9 million. The company ordered three LNG carriers at US$769.5 million for 2028-29 delivery, sold container vessel for a $4.2 million gain and declared a $0.15 dividend.
1. Fourth Quarter Financial Highlights
Capital Clean Energy Carriers generated Q4 revenues of $98.3 million, expenses of $44.8 million and interest expense of $23.9 million, achieving net income of $28.4 million, up 36.5% year-over-year. The average fleet size remained at 13 vessels.
2. LNG Carrier Order and Deliveries
The company secured three latest-technology LNG carriers under en bloc shipbuilding contracts valued at US$769.5 million, with one vessel due in Q3 2028 and two in Q1 2029. These vessels feature fuel-efficiency and boil-off rate upgrades, reinforcing its position as the largest U.S.-listed LNG shipping operator.
3. Container Vessel Divestment
In January 2026, CCEC completed the sale of the 13,696 TEU M/V Buenaventura Express, recognizing a gain of $4.2 million and allocating proceeds toward $84.4 million of debt reduction. This follows the sale of 14 container vessels since December 2023, generating gross proceeds of approximately $814.3 million.
4. Dividend and Fleet Transition
CCEC took delivery of its first LCO₂/multi-gas carrier, the Active, financing the $78.3 million acquisition with $29.4 million of cash and a $48.9 million ECA-backed loan. The board also declared a $0.15 per share dividend for Q4 2025, reflecting robust cash flows and disciplined capital allocation.