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Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) reported strong Q4 2024 financial results, with net income from continuing operations reaching $20.8 million, up from $1.1 million in Q4 2023. Revenue increased 64% to $105.1 million, driven by fleet expansion with five additional LNG carriers.
The company announced a $0.15 dividend for Q4 2024 and continues its strategic shift towards gas transportation, including LNG and emerging energy transition commodities. CCEC's contracted revenue backlog exceeds $2.5 billion, with 16 new gas carriers scheduled for delivery between Q1 2026 and Q3 2027.
As of December 31, 2024, CCEC's total cash amounted to $336.5 million, with total debt at $2,598.3 million. The company recently entered an ATM offering agreement with Jefferies for up to $75.0 million in new common shares.
Capital Clean Energy Corp. (NASDAQ: CCEC) has announced its schedule for the release of Q4 2024 financial results. The company will disclose its financial performance for the quarter ended December 31, 2024, before NASDAQ market opening on February 6, 2025.
An interactive conference call is scheduled for the same day at 9:30 a.m. Eastern Time. Participants can join using US Toll-Free (877 405 1226) or International Dial-In (+1 201 689 7823) numbers, quoting 'Capital Clean Energy' or conference ID 13751252. A 'call me' option is available for faster connection.
The company will provide a live webcast of the conference call with accompanying slides through their website. The webcast will later be archived and accessible at http://ir.capitalcleanenergycarriers.com under the Webcasts & Presentations section.
Capital Clean Energy Carriers Corp (NASDAQ: CCEC) has announced a quarterly cash dividend of $0.15 per share for Q4 2024. The dividend will be paid on February 12, 2025, to shareholders of record as of February 6, 2025. This dividend declaration follows the completion of the fourth quarter ended December 31, 2024.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) hosted a Deep Dive webinar featuring CEO Jerry Kalogiratos in discussion with Fearnley Securities' Deputy Head of Research, Nils Thomessen. The webinar focused on CCEC's strategic transformation and its positioning as a premier carrier of gas commodities, including LNG and emerging clean energy products. Key topics covered included LNG's critical role in the energy landscape, the company's strategic divestments and recapitalization efforts focused on clean energy assets, its transformation into a C-Corp structure, and an analysis of current market conditions and opportunities in clean energy transportation.
Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) held its Annual Meeting of Shareholders in Piraeus, Greece on December 5th, 2024. Shareholders re-elected the current eight directors to serve until the 2025 Annual Meeting and ratified Deloitte Certified Public Accountants S.A. as the independent registered public accounting firm for fiscal year 2024.
The company operates a fleet of 18 vessels, including 12 LNG carriers and six Neo-Panamax container vessels. CCEC plans to sell three Neo-Panamax vessels by Q1 2025. Their expansion includes orders for 16 new vessels: six LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers, scheduled for delivery between Q1 2026 and Q3 2027.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) reported Q3 2024 financial results with net income from continuing operations of $15.8 million, up 216% from $5.0 million in Q3 2023. Revenue increased 66% to $106.0 million, driven by fleet expansion. The company announced a $0.15 dividend and completed its conversion from a partnership to a CCEC agreed to sell five container vessels for an expected gain of $118.4 million and refinanced two LNG carriers, releasing $72.6 million in liquidity. The company's strategic shift focuses on gas transportation, with a contracted revenue backlog exceeding $2.6 billion and plans to add 16 new vessels.
Capital Clean Energy Corp. (NASDAQ: CCEC) has announced its schedule for the third quarter 2024 earnings release and conference call. The financial results for Q3 2024, ended September 30, will be released before NASDAQ market opens on November 8, 2024. The company will host an interactive conference call at 8:00 a.m. Eastern Time on the same day. Participants can join via US Toll-Free (877 405 1226) or International dial-in numbers, quoting 'Capital Clean Energy' or conference ID 13750078. A live webcast and accompanying slides will be available through the company's website, with archived content accessible afterward.
Capital Clean Energy Carriers (NASDAQ: CCEC) has announced a quarterly cash dividend of $0.15 per share for Q3 2024. The dividend will be paid on November 15, 2024, to shareholders of record as of November 11, 2024. This dividend declaration follows the company's third quarter ending September 30, 2024.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) has announced its Annual Meeting of Shareholders, scheduled for December 5, 2024 at 11:30 am local time at the company's headquarters in Greece. Shareholders of record as of November 4, 2024 are eligible to participate and vote. The company has sent out meeting materials, including a proxy statement and Annual Report on Form 20-F, which are also available on their website.
CCEC is an international shipping company specializing in gas carriage solutions with a focus on energy transition. Their current fleet comprises 20 vessels, including 12 LNG carriers and 8 Neo-Panamax container vessels. The company has plans to expand its fleet with 16 additional vessels under construction, scheduled for delivery between Q1 2026 and Q3 2027. CCEC has also agreed to sell five Neo-Panamax container vessels by Q1 2025.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) has announced the sale of five 5,023 TEU container vessels. The sale is expected to generate a book gain of $118.4 million. The vessels, all debt-free, will be delivered to their new owners between November 2024 and January 2025. The proceeds will be used to pay down debt and for general corporate purposes.
This move aligns with CCEC's strategy to focus on gas transportation solutions. The company retains exposure to the container market through three 13,300 TEU vessels with long-term charters. CCEC is set to become the largest U.S.-listed LNG shipping company, with 12 LNG carriers currently operational and additional LNG and LPG/Ammonia/LCO2 carriers to be delivered between Q1 2026 and Q3 2027.
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