Capital Clean Energy Carriers posts transcript of Q2 2026 earnings call
CCEC•Q2 2026 earnings call highlights
Capital Clean Energy Carriers held its Q2 2026 earnings call with EVP Investor Relations Brian Gallagher, CFO Nikos Kalapotharakos, CCO Nikos Tripodakis, LPG commercial head Jack Neilan, and CEO Jerry Kalogiratos.
- Net income from continuing operations was $29 million.
- Revenue rose to $104.9 million.
- The dividend was set at $0.15 per share, payable Aug. 13.
- Management cited $2.9 billion of firm contracted revenues.
- Backlog exceeds $4.3 billion if charter options are exercised.
Management comments on charter rates and dividend policy
The CEO said LNG spot strength was tied to the Middle East conflict. The average spot charter rate was $93,000 this year versus $39,000 last year.
The company also said an 18-month LNG charter was indexed to Atlantic spot rates for modern two-stroke vessels with no floor or ceiling. The board is expected to revisit dividend policy by year-end or in early 2027.
