Nov. 8 at 12:23 PM
$CCEC Capital Clean Energy Carriers reports Q3 EPS (41c), consensus 51c
Reports Q3 revenue
$106M, consensus
$119.57M. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: "I am pleased to see our company, under its new name of Capital Clean Energy Carriers Corp., advancing steadily in line with our chosen strategy. The recent name change and our conversion to a corporation with enhanced standards of corporate governance is an important step in reinforcing our platform further and expanding the Company to a broader investor base.
The accretive sale of our five Neo Panamax container vessels, agreed upon during the quarter, reflects management's commitment to deliver on our objective of positioning the Company as premier carrier of gas including emerging trades from the energy transition. Since February 2024, our group has taken advantage of positive container market dynamics and in total sold or agreed to sell 12 container vessels raising approximately
$472.0 million in net proceeds, thereby further strengthening our financial position.
We believe that with a robust gas-focused platform, CCEC is well placed to grow over the next two years, as we bring an additional 16 state-of-the-art new vessels in operation. This growth is further supported by a current contracted revenue backlog of more than
$2.6 billion. The board and management look forward to enhancing the Company's profile and reach a broader and more diversified investor base in the current quarter and beyond."
