CCEC Q4FY25 Profits Climb – test

Capital Clean Energy Carriers Corp. (CCEC) reported fourth-quarter 2025 revenue of $98.3 million, marginally higher than $97.6 million recorded in the corresponding quarter of 2024, representing an increase of approximately 0.7% year-over-year. The improvement was primarily attributed to the commencement of a long-term bareboat charter for the LNG carrier Axios II earlier in 2025. This positive contribution was partly offset by a scheduled hire rate step-down for the LNG carrier Attalos. The company’s operating fleet averaged 13 vessels during the quarter, unchanged from the prior-year period. Total expenses increased slightly to $44.8 million, compared with $44.5 million in the fourth quarter of 2024. Vessel operating expenses amounted to $16.5 million, while vessel depreciation and amortization totaled $21.9 million, broadly consistent with the previous year. General and administrative expenses declined to $4.0 million, reflecting lower costs associated with the company’s equity compensation incentive plan. 

Net income for the quarter reached $28.4 million, compared with $20.8 million in the fourth quarter of 2024, representing an increase of 36.5% year-over-year. The improvement was largely driven by a significant decline in financing costs. Interest expense and finance costs decreased to $23.9 million, down from $33.4 million in the prior-year quarter, reflecting lower average indebtedness and a reduced weighted average interest rate on the company’s debt. Total other expenses, net, declined to $25.2 million, compared with $32.3 million in the same period of 2024. As of 31 December 2025, the company reported total cash of $295.6 million, including $21.0 million of restricted cash, while shareholders’ equity increased to $1,499.4 million, up from $1,343.0 million a year earlier. Total debt stood at $2,454.3 million, down from $2,598.3 million as of December 2024.