Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) announced its financial results for the third quarter ended September 30, 2025, last week, and held its conference call to discuss the results and business outlook, reflecting steady execution of its long-term growth strategy, consistent capital discipline, and rising commercial momentum.
This quarter further underscored the company’s ongoing efforts to recycle capital from legacy assets, secure long-term charters for its newbuilds, and fortify its balance sheet to establish one of the largest gas carrier fleets listed on the U.S. stock exchange.
Over the past 24 months, CCEC has sold 13 container vessels, with the most recent, the Manzanillo Express delivered in early October. The proceeds are being redeployed to fund its $2.3 billion newbuild program, focused exclusively on state-of-the-art gas carriers.
CCEC reported net income from continuing operations of $23.1 million for this quarter, and more significantly, it has now secured full financing for all ten of its multi-gas carriers under construction, comprising six dual-fuel medium gas carriers and four liquid CO₂ carriers.
According to Mr. Kalogiratos, CEO and based on conservative assumptions, the delivery of all newbuilds is expected to result in a net equity inflow of approximately $216 million, even before accounting for future cash flow from the existing fleet. After all, they ended the quarter with a cash balance of $332.3 million and a net leverage ratio below 50%.
04 Nov 2025
CCEC Strengthens Revenue Backlog and Secures Full Financing as LNG Demand Accelerates
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CCEC Strengthens Revenue Backlog and Secures Full Financing as LNG Demand Accelerates
- Published:
04 Nov 2025 -
Author:
Capital Link -
Pages:
3 -
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) announced its financial results for the third quarter ended September 30, 2025, last week, and held its conference call to discuss the results and business outlook, reflecting steady execution of its long-term growth strategy, consistent capital discipline, and rising commercial momentum.
This quarter further underscored the company’s ongoing efforts to recycle capital from legacy assets, secure long-term charters for its newbuilds, and fortify its balance sheet to establish one of the largest gas carrier fleets listed on the U.S. stock exchange.
Over the past 24 months, CCEC has sold 13 container vessels, with the most recent, the Manzanillo Express delivered in early October. The proceeds are being redeployed to fund its $2.3 billion newbuild program, focused exclusively on state-of-the-art gas carriers.
CCEC reported net income from continuing operations of $23.1 million for this quarter, and more significantly, it has now secured full financing for all ten of its multi-gas carriers under construction, comprising six dual-fuel medium gas carriers and four liquid CO₂ carriers.
According to Mr. Kalogiratos, CEO and based on conservative assumptions, the delivery of all newbuilds is expected to result in a net equity inflow of approximately $216 million, even before accounting for future cash flow from the existing fleet. After all, they ended the quarter with a cash balance of $332.3 million and a net leverage ratio below 50%.