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what it is
CCEC moves liquefied gas and specialty cargo on long-term shipping contracts.
how it gets paid
Last year Capital Clean Energy made $369M in revenue. Current LNG carriers are the largest slice at about 36% of sales (~$134M on that mix)—see the 10-K for exact segment dollars.
what just happened
CCEC posted about $98.3M of quarterly revenue, $1.88 EPS, and $28.4M net income—that quarter sits inside the $369M annual revenue order of magnitude above.
At a glance
n/a balance sheet
35/100 earnings predictability — expect surprises
8.3x trailing p/e — the market's not buying it — or you found a deal
2.9% dividend yield — cash in your pocket every quarter
3.3% return on capital — nothing to write home about
xvary composite: 57/100 — below average
What they do
CCEC moves liquefied gas and specialty cargo on long-term shipping contracts.
CCEC has 17 ships in the water. It also has 16 more on order. Your revenue is tied to long jobs with BP, Cheniere, CMA CGM, and Maersk, so leaving is painful.
How they make money
$369M
annual revenue
Current LNG carriers
~$134M
Newbuild LNG carriers
~$67M
Legacy container vessels
~$56M
Dual-fuel medium gas carriers
~$67M
Liquid CO2 and multi-gas carriers
~$45M
The products that matter
transports liquefied natural gas
LNG carrier fleet
strategic focus · $369M revenue base
this is the center of the story now. after the container sale, the LNG fleet sits at the middle of a $369M revenue company.
pivot bet
cash returned to shareholders
Dividend policy
$0.15 per share · 2.9% yield
the company paid $0.15 per share on february 12, 2026. that tells you cash generation is real, but it does not erase the fact that shipping rates and debt still run the investment case.
income signal
Key numbers
EPS mix
vendor mismatch
One feed shows ~$2.49 trailing EPS while another shows a tiny ~$0.14 FY print—those cannot both describe the same basis. The ~$1.88 quarterly EPS on this page must match net income and share count in the filing.
8.3x
trailing P/E
You pay 8.3 times trailing earnings. That is cheap only if shipping cash stays steady.
2.9%
dividend yield
You get 2.9% in cash while the fleet keeps earning.
$2.5B
long-term debt
Debt is 67% of capital. That makes leverage part of the return, not a side note.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $2.5B (67% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CCEC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
CCEC posted $98.3M of quarterly revenue and $1.88 EPS, with net income at $28.4M—check shares outstanding so EPS ties to NI.
Net income rose from $20.8M a year earlier. Revenue was $97.6M in the prior year quarter, so the top line barely moved while profit did more work.
$98.3M
revenue (Q)
$1.88
eps (Q)
$28.4M
net income (Q)
the number that mattered
$28.4M of net income matters most because it turned a flat revenue line into profit growth.
source: company earnings report, 2026
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What could go wrong
the #1 risk is executing an LNG-only shipping strategy while carrying $2.5B of long-term debt.
med
the LNG pivot has no backup plan
the company sold its container business and tightened the story around LNG shipping. cleaner stories get higher multiples when they work. they get punished faster when they don't.
if vessel deployment, charter coverage, or utilization disappoint, the company has fewer places to hide. that makes the equity more sensitive to one strategy call.
med
$2.5B of debt shrinks your margin for error
CCEC carries $2.5B in long-term debt, equal to 67% of capital. that is manageable when charter economics cooperate. it gets uncomfortable fast if cash generation slips.
a normal shipping slowdown would not stay normal for long. debt turns weaker operating results into a financing problem.
med
3.3% return on capital leaves little cushion
return on capital is 3.3%. in plain english: the business is not earning much on the money tied up in ships and financing.
that makes the 8.3x earnings multiple less of a bargain than it first appears. low returns and heavy debt are a bad pairing.
med
leadership changed during the reset
martin houston became chairman on march 9, 2026. leadership change is not automatically negative, but it adds one more variable while strategy and asset mix are already shifting.
if governance priorities change again, the timeline for a cleaner LNG story gets longer. in a low-multiple stock, delays matter.
$2.5B of long-term debt against a $369M revenue base means the downside is not abstract. if LNG shipping economics weaken, earnings power and financial flexibility get hit at the same time.
source: institutional data · regulatory filings · risk analysis
Pay attention to
key metric
debt as a share of capital
it sits at 67% now. if that number moves the wrong way, the LNG strategy needs to work almost perfectly for the equity to hold up.
calendar
next earnings report
the next quarterly report is expected around may 14, 2026. you want cleaner evidence that the post-container business is settling, not only another headline beat.
trend
profit quality versus revenue growth
revenue grew 2.4% last year while net income rose 37%. if that gap stays wide, you should ask what part of earnings improvement is repeatable.
risk
what the new chairman changes in practice
martin houston's appointment matters less as a headline than as a capital allocation signal. if governance changes the pace or shape of the LNG plan, your thesis changed with it.
Analyst rankings
earnings predictability
35 / 100
in human-speak: analysts do not have a clean read on future earnings, so you should expect more variance than usual.
risk rank
3
that places it around the middle of the pack on risk. not a collapse case. not a safe harbor either.
price stability
55 / 100
the shares are steadier than the weakest shipping names, but a $14–$25 range still tells you this is a cyclical stock first and a comfort stock never.
source: institutional data
Institutional activity
institutional ownership data for CCEC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$22
current price
n/a
target midpoint · n/a from current
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