Capital Clean Energy Carriers (CCEC) Reports Q1 Net Income at $18.3M

AI Summary

For Q1 2026, Capital Clean Energy Carriers (CCEC) reported a net income of $18.3 million, a decrease from $32.7 million year-over-year. Voyage expenses rose sharply to $6.2 million from $1.1 million, driven by increased bunker costs and special survey-related expenses, including $2.7 million in reimbursed war-risk premiums. The company secured EUR 250 million via a Greek bond at a 3.75% coupon rate, ending the quarter with $546 million in cash and a net leverage ratio of 45.6%. Additionally, CCEC authorized a $20 million share buyback and declared a $0.15 per share dividend.