Greece's Capital Clean Energy Q3 revenue rises 44% on fleet growth

Capital Clean Energy Carriers

30/10/2026 13:11

Overview
Greece-based gas carrier operator's Q3 revenue rose 44% yr/yr on fleet expansion
Q3 net income increased 52% yr/yr
Revenue growth mainly driven by additional vessel deliveries

Outlook
Company expects LNG shipping market to remain volatile due to geopolitical uncertainty
Company sees long-term LNG demand supported by new liquefaction capacity and energy security concerns
Company expects replacement of older vessels to support demand for modern LNG carriers

Result Drivers
FLEET EXPANSION - Co said revenue growth was mainly driven by additional vessel deliveries and increased fleet size
INCREASED AVAILABLE DAYS - Revenue benefited from more available days for certain vessels following completion of special surveys
HIGHER VOYAGE EXPENSES - Co said voyage expenses rose due to costs incurred for vessels delivered before employment and ballast legs for vessels undergoing special surveys

Company press release: ID:nGNX8T6rtD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
$34.60 mln
 
Q3 Vessel Operating Expenses
 
$25.90 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 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Oct 29 - Cheniere Energy Q3 profit rises 12% on LNG volumes and margins
Oct 29 - Cheniere Energy Partners Q3 net income rises on higher LNG margins
Oct 29 - QatarEnergy buys US, other LNG to hedge future Hormuz disruptions

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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.)