Greece's Capital Clean Energy Carriers Q2 revenue rises on fleet expansion

Capital Clean Energy Carriers

29/07/2026 12:25

Overview
Greece-based gas shipping firm's Q2 revenue rose 8% yr/yr on fleet expansion
Q2 net income fell 2% yr/yr as expenses increased with fleet growth
Company began $20 mln share buyback, declared $0.15 per share Q2 dividend

Outlook
Company expects sustained tightness and elevated charter rates in LNG and LPG shipping markets
Company sees contracted fleet growth through 2029 with seven LNG/Cs, four MG/Cs, two HMG/Cs on order
Company expects cash flow visibility and stability from contracted revenues and charter options

Result Drivers
FLEET EXPANSION - Revenue increase mainly due to higher average number of vessels after new deliveries
HIGHER OPERATING COSTS - Expenses rose due to more vessels and special survey costs
STRONGER CHARTER RATES - Market volatility from Middle East tensions lifted LNG and LPG charter rates, supporting contract coverage

Company press release: ID:nGNX1RTgsL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$104.9 mln
 
Q2 Net Income
 
$29 mln
 
Q2 Vessel Operating Expenses
 
$20.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
July 28 - France's GTT H1 net income jumps amid strong order intake
July 27 - Monaco's Costamare Q2 voyage revenue falls 4.8% on lower charter rates
July 28 - Shipping group CMA CGM expects demand strength to stretch into third quarter

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)