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Capital Clean Energy Carriers Corp. (CCEC)
:CCEC
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Capital Clean Energy Carriers
(NASDAQ:CCEC)
Rating:85Outperform
Price Target:
$28.00
▲(22.16%Upside)
Positive Factors
EBITDA growth
The accretion from new LNG carriers is set to be the primary driver behind the 37% EBITDA growth forecast.
Fleet expansion
CCEC's fleet evolution is expected to lead to material cash flow acceleration, driving a more robust capital return pace.
Negative Factors
Debt levels
CCEC's total debt to capital ratio is projected to rise to nearly 71% with the delivery of new vessels.
Capital Clean Energy Carriers (CCEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.82B
Dividend Yield2.51%
Average Volume (3M)45.41K
Price to Earnings (P/E)6.9
Beta (1Y)0.23
Revenue Growth8.89%
EPS GrowthN/A
CountryUS
EmployeesN/A
SectorIndustrials
Sector Strength93
IndustryMarine Shipping
Share Statistics
EPS (TTM)N/A
Shares Outstanding58,717,310
10 Day Avg. Volume108,525
30 Day Avg. Volume45,407
Financial Highlights & Ratios
PEG Ratio3.32
Price to Book (P/B)1.02
Price to Sales (P/S)0.00
P/FCF Ratio10.93
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue2.21
Enterprise Value/Gross Profit14.93
Enterprise Value/Ebitda3.04
Forecast
1Y Price Target
$23.50Price Target Upside2.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Capital Clean Energy Carriers Business Overview & Revenue Model
Company DescriptionCapital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals. It serves as the general partner of the company. The company was formerly known as Capital Product Partners L.P. and changed its name to Capital Clean Energy Carriers Corp. in August 2024. Capital Clean Energy Carriers Corp. was incorporated in 2007 and is headquartered in Piraeus, Greece.
How the Company Makes MoneyCCEC generates revenue through multiple streams centered around clean energy transportation solutions. The company's primary revenue model includes the sale and leasing of hydrogen and electric-powered vehicles to logistics companies, public transport providers, and individual consumers. Additionally, CCEC capitalizes on strategic partnerships with government entities and private sector companies to develop infrastructure for its clean energy solutions, such as charging stations and hydrogen refueling points. The company also engages in consultancy services, offering expertise in clean energy transition strategies for large-scale transportation networks. CCEC may benefit from government incentives and subsidies aimed at promoting green energy, further contributing to its earnings.
Capital Clean Energy Carriers Earnings Call Summary
Earnings Call Date:Jul 25, 2025
(Q1-2025)
| % Change Since: -4.70%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong financial performance for the quarter with significant net income and successful capital reallocations, which were highlighted by the increase in charter backlog and cash position. However, challenges in the LNG market, such as spot rate volatility and increased idling of vessels, present notable concerns. Overall, the highlights outweigh the lowlights, indicating a generally positive sentiment.Q1-2025 Updates
Positive Updates
Significant Net Income Increase
Net income from operations for Q1 2025 amounted to just under $81 million, including a $46.2 million gain from the sale of two container vessels.
Successful Vessel Sales and Capital Reallocation
Raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, reallocating capital into gas transportation assets.
Strong Charter Backlog
Increased firm charter backlog to $3.1 billion, with new employment secured for two LNG carriers for five and seven years, respectively, both with an additional five-year option.
Record Cash Position
Cash position increased to $420 million, supported by the completion of container sales.
Strong Contracted Revenue Base
Total contracted backlog, including container vessels, boosted to $3.1 billion or $4.5 billion if all options are exercised.
New LNG Charters Secured
Secured medium-term charters for two LNG carriers with a new high-quality customer, reflecting strong demand for modern tonnage.
Negative Updates
LNG Market Spot Rate Volatility
The LNG spot market has experienced significant volatility with sports rates dropping below $10,000 per day in January 2025, although they have since recovered to around $40,000 per day.
Idle and Scrapped Vessels Increase
At the end of Q1 2025, the number of idle steam vessels reached 41, up from 19 in Q3 2024, and 18 tri-fuel vessels were idle, indicating a challenging market for older tonnage.
Uncertainty in U.S. LNG Trade Policies
Potential impacts from U.S. trade representatives’ proposed port fees and tariffs on LNG shipping, although CCEC is currently insulated against these developments.
Company Guidance
During the Capital Clean Energy Carriers Corp. Q1 2025 earnings call, the company provided several key metrics and insights into their financial and operational status. The net income from operations for the quarter was reported at just under $81 million, bolstered by a $46.2 million gain from the sale of two container vessels. The company has raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, and has reinvested this capital into gas transportation assets. Significant developments include securing employment for two new LNG carriers for five and seven years, with additional five-year options, contributing to a firm charter backlog of $3.1 billion. The company's cash position was strong at $420 million, with money markets expecting interest rate cuts by the Fed in 2025, which could benefit the company given that 80% of their funding is on floating rates. The average charter duration across the fleet is now 7.3 years, with a charter backlog of 91 years or $2.8 billion in contracted revenue for the LNG fleet. The company is also focused on managing a newbuilding CapEx program of $2.3 billion, with $467 million already paid in advances by the quarter's end.Capital Clean Energy Carriers Financial Statement Overview
Summary
Capital Clean Energy Carriers shows strong financial performance with high profitability and cash flow generation. The income statement reflects robust revenue growth and impressive profit margins. Despite a high debt-to-equity ratio, the company's return on equity is strong, indicating effective capital utilization. The positive cash flow trend further supports the company's solid financial standing, although high leverage remains a risk factor.Income Statement
Capital Clean Energy Carriers demonstrates strong profitability with a consistent increase in gross profit and net income over the years. The TTM gross profit margin is high at 57.7%, and the net profit margin is impressive at 57.5%. Revenue growth has been steady, with significant year-over-year increases, most notably a 13.2% growth from 2024 to TTM 2025. These metrics indicate strong operational efficiency and pricing power in the market.88
Very Positive
Balance Sheet
The company maintains a relatively high debt-to-equity ratio of 1.81, indicating a leveraged position typical in the marine shipping industry. The equity ratio is moderate at 34.1%, showing a balance between equity and total assets. Return on equity is robust at 17.0%, reflecting effective use of equity to generate profits. While the financial structure showcases stability, the high leverage could pose risks if market conditions deteriorate.72
Positive
Cash Flow
The company has demonstrated a positive trend in operating cash flow, which exceeds net income, indicating strong cash generation capability. The free cash flow to net income ratio is positive at 0.55 for the TTM period, a significant improvement from previous years. There has been a notable turnaround in free cash flow from negative figures in 2024 to positive in 2025, highlighting effective capital expenditure management.80
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 369.41M | 360.59M | 299.07M | 184.66M | 140.87M |
| Gross Profit | 207.81M | 175.78M | 146.10M | 79.91M | 54.44M |
| EBITDA | 296.46M | 237.16M | 216.70M | 125.47M | 100.34M |
| Net Income | 192.08M | 46.53M | 125.42M | 98.18M | 30.37M |
Balance Sheet | |||||
| Total Assets | 4.11B | 3.14B | 2.00B | 1.89B | 822.20M |
| Cash, Cash Equivalents and Short-Term Investments | 313.99M | 192.42M | 144.63M | 20.37M | 47.34M |
| Total Debt | 2.58B | 1.78B | 1.29B | 1.31B | 374.32M |
| Total Liabilities | 2.77B | 1.97B | 1.36B | 1.36B | 400.12M |
| Stockholders Equity | 1.24B | 1.16B | 626.01M | 515.00M | 413.26M |
Cash Flow | |||||
| Free Cash Flow | -960.68M | -282.10M | 26.99M | -263.06M | -109.33M |
| Operating Cash Flow | 240.52M | 185.53M | 168.22M | 105.03M | 75.92M |
| Investing Cash Flow | -753.14M | -447.09M | -14.11M | -175.06M | -185.25M |
| Financing Cash Flow | 644.99M | 307.01M | -30.74M | 46.68M | 100.20M |
Capital Clean Energy Carriers Technical Analysis
Neutral
22.92
Price Trends
23.12
Negative
20.95
Positive
19.63
Positive
Market Momentum
0.26
Positive
43.96
Neutral
43.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCEC, the sentiment is Neutral. The current price of 22.92 is below the 20-day moving average (MA) of 23.84, below the 50-day MA of 23.12, and above the 200-day MA of 19.63, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 43.96 is Neutral, neither overbought nor oversold. The STOCH value of 43.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CCEC.
Capital Clean Energy Carriers Risk Analysis
Capital Clean Energy Carriers disclosed 70 risk factors in its most recent earnings report. Capital Clean Energy Carriers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Capital Clean Energy Carriers Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $2.82B | 6.94 | 7.74% | 2.51% | 8.89% | ― | |
75 Outperform | $1.17B | 4.03 | 12.57% | 4.78% | 17.77% | -5.90% | |
74 Outperform | $1.25B | 3.85 | 11.19% | 0.47% | 0.28% | -17.08% | |
71 Outperform | $1.69B | 3.78 | 14.14% | 3.63% | 4.93% | -17.08% | |
69 Neutral | $1.37B | 22.73 | 5.09% | 11.58% | 6.68% | -57.55% | |
63 Neutral | $1.72B | 15.17 | 6.06% | 9.23% | -7.73% | -39.13% | |
58 Neutral | HK$14.94B | 4.73 | -2.78% | 5.01% | 3.80% | -54.55% |
* Industrials Sector Average
Performance Comparison
CCEC
Capital Clean Energy Carriers
22.92
6.97
43.70%
CMRE
Costamare
9.63
-0.45
-4.46%
DAC
Danaos
92.24
10.58
12.96%
NMM
Navios Maritime Partners
42.81
-3.74
-8.03%
SFL
SFL Corporation
9.33
-1.17
-11.14%
GOGL
Golden Ocean Group
8.67
-2.86
-24.80%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.