Capital Clean Energy Carriers Corp. (CCEC), an enterprise specializing in marine transport, is headquartered in Piraeus, Greece. This company delivers a wide ...
Capital Clean Energy Carriers Corp. (CCEC) is a public shipping company (NASDAQ: CCEC) headquartered in Piraeus, Greece. Since its inception in 2007, the enterprise has operated as a platform for marine transportation, with a business model centered on moving energy and other commodities using an owned and/or employed fleet. In ...Capital Clean Energy Carriers Corp. (CCEC) is a public shipping company (NASDAQ: CCEC) headquartered in Piraeus, Greece. Since its inception in 2007, the enterprise has operated as a platform for marine transportation, with a business model centered on moving energy and other commodities using an owned and/or employed fleet. In the provided description, CCEC is characterized as a leading “gas carriage solutions” platform with a focus on the energy transition—positioning its shipping capabilities to support demand for cleaner and lower-carbon fuel supply chains.
From an operating standpoint, CCEC’s shipping services are delivered primarily through charters: vessels may be employed under short-term voyage charters and longer-term time charters. This structure helps convert vessel capacity into revenue streams tied to charter rates and utilization. The company’s fleet mix (as described) includes LNG carriers as well as container ships and other bulk/shipping vessel categories (including Neo-Panamax/Panamax container ships and a cape-size bulk carrier). The vessel ownership/employment approach allows the company to serve multiple commodity transport needs rather than relying on a single cargo type.
In addition to core marine transport, the description indicates CCEC’s involvement in the production and distribution of oil and natural gas products, with a listed product range spanning biofuels, motor oil and lubricants, petrol, crude oils, marine fuels, natural gas liquids, and petrochemicals. While the precise degree of vertical integration can vary by reporting period, the stated product scope supports the company’s narrative of participating across parts of the energy value chain, complementing its shipping operations.
Costs in shipping businesses typically involve significant ongoing expenditures and capital intensity: vessel ownership brings depreciation, dry-docking, maintenance, crew-related costs, insurance, and compliance costs; chartering economics also depend on vessel utilization and contract terms. The provided financial snapshot fields (e.g., valuation multiples, margins, and cash-flow indicators) suggest performance that can be volatile with cycle dynamics, leverage, and capital expenditure requirements that are common in the sector.
Key leadership includes CEO Gerasimos G. Kalogiratos (also referred to as Jerry Kalogiratos in materials). The company’s investor communications and leadership disclosures emphasize its positioning as an international shipping operator with energy-transition relevance.
Overall, CCEC’s “wish” or strategic direction—implied by its focus on gas carriage solutions and energy-transition context—is to expand and sustain high-quality vessel employment, strengthen long-term charter coverage, and manage balance-sheet and cash-flow pressures inherent to marine transportation, while leveraging LNG and energy-related logistics as global fuel markets evolve.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$203.7M
-44.9%
+5.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$53.5M
-72.1%
+21.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+56.0%
-0.4%
+1.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+52.3%
+1.1%
+0.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+26.3%
-49.5%
+15.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-73.3M
+92.4%
-3918.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-36.0%
+86.2%
-3722.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
165.7%
-13.7%
+14.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.44x
-13.7%
-19.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, everyone, and welcome to the Capital Clean Energy Carriers Corp. Second Quarter 2026 Financial Results. Please note that this event is being recorded. I will now turn the call over to today's host, Brian Gallagher, Head of Investor Relations. Brian, please go ahead.
Brian Gallagher: Thank you, and a warm welcome to our call today. With us, we have the management team, myself, Brian Gallagher; Mr. Nikos Kalapotharakos, our Chief Financial Officer; Jack Neilan, our Commercial Head of LPG; along with Nikos Tripodakis, our Chief Commercial Officer for the call. And next one, we have our Chief Executive, Jerry Kalogiratos, joining us for the Q&A session. Before that, I'd like to make the following statement. I must advise you that this conference is being recorded as of today, Wednesday, 29th of July 2026. The statements in today's conference call are not historical facts, including our expectations regarding the sale or acquisition, transactions and the expected effect on us, cash generation, equity returns and future debt levels, our ability to pursue future growth opportunities, our expectations or objectives regarding future distribution amounts or share buyback amounts, dividend coverage, future earnings, future leverage, capital allocation as well as our expectations regarding market fundamentals and the employment of our vessels, including delivery dates, redelivery dates and charter rates, may be forward-looking statements as defined in Section 21E of the Securities Act of 1934 as amended. These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted returns and results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any future of these forward-looking statements, whether because of future events, new information or change in our views or expectations to conform to actual results or otherwise. We make no prediction or statement about the performance on our common shares. With that, I'll now move on to the presentation on the screen in front of you. And you can see starting on our highlights page on Q2 2026 on Slide 4. It was a very busy and productive quarter on every front. Operationally, we took delivery of 4 vessels in total in the single quarter, 2 LNG carriers, a Handy LPG/LCO2 carrier and 1 dual-fuel medium gas carrier with a further MGC delivered this month. We also announced a joint venture on an LNG bunkering vessel, and we also initiated a $20 million buyback program during the quarter. On the financials, net income came in on continuing operations for the second quarter at $29 million, and we declared a dividend of $0.15 per share. Strategically, CCEC is now the largest U.S. listed LNG company by tonnage and with a diversified customer base and a total of $2.9 billion in firm contracted revenues. If full charter options are exercised across the fleet, contracted revenue backlog …