Aristos I, an LNG carrier operated by Capital Clean Energy Carriers (representative photo only) Capital Clean Energy Carriers
Tankers

Capital Clean Energy Carriers reports surge in Q3 profit and revenue

The US-listed owner took delivery of three gas carriers in the third quarter and fixed six vessels.

Alan Bosworth

Capital Clean Energy Carriers reported a 52 per cent increase in third-quarter net income from continuing operations to $34.6 million, compared with $22.7 million a year earlier, in its results announced on October 30.

Net revenue for the third quarter of 2026 rose 44 per cent to $138.1 million from $95.6 million in the corresponding period of 2025. The company declared a quarterly dividend of $0.15 per share.

Operating income increased to $68.8 million from $48.2 million, while interest expense and finance costs rose to $33.7 million from $25.5 million.

Daily time-charter-equivalent earnings averaged $83,862 for the liquefied natural gas (LNG) carriers and $40,987 for the gas fleet.

Remaining newbuilding payments total $1.434 billion. Of this, $640.7 million falls due in the first quarter of 2027, comprising $456.9 million for LNG carriers and $183.8 million for gas carriers.

The company took delivery of three vessels during the quarter, bringing its operating fleet to 21 ships.

The additions were the 174,000-cubic-metre LNG carrier Alcaios I, the 45,000-cubic-metre dual-fuel medium gas carrier Aridaios and the 22,000-cubic-metre handy liquefied CO2 multi-gas carrier Alkimos.

The fleet now comprises 15 LNG carriers, three handy multi-gas carriers, two medium gas carriers and one neo-Panamax containership. Eight further deliveries are expected in 2027.

The company secured new employment for two LNG carriers and four gas carriers. Alcaios I began a charter linked to an index for 18 months.

The newbuild Athlos will begin a one-year index-linked charter on delivery in the first quarter of 2027, ahead of a seven-year time charter.

Aridaios secured a one-year charter. Active and Amadeus took follow-on charters of nine and five months.

The orderbook includes an LNG bunkering vessel held through a 50/50 joint venture with CMA CGM, along with one handy multi-gas carrier, four medium gas carriers and six LNG carriers. Deliveries are scheduled through the first quarter of 2029.