Capital Clean Energy Carriers Corp. (NASDAQ: CCEC)

Capital Clean Energy Carriers Corp. is an international owner of ocean-going vessels primarily engaged in the marine transportation of liquefied natural gas (LNG), liquefied petroleum gas (LPG), and other energy transition gases. The company's fleet includes 12 latest-generation LNG carriers with a total capacity of 2.1 million cubic meters, one LCO₂ Handy Multi Gas Carrier, and one Neo-Panamax container vessel as of March 31, 2026. Capital Clean Energy Carriers Corp. operates under a strategic focus on LNG shipping and complementary gas markets, managing vessels through third-party technical managers Capital-Gas Management and Capital-Containers.

The company generates revenue through time and bareboat charters of its vessels to major energy and commodity traders. Revenue is derived from fixed-rate agreements with charterers such as BP, Cheniere, Tokyo Gas, Jera, and Qatar Energy Trading, among others. These charters provide predictable cash flows, with the weighted average remaining charter duration of the on-the-water fleet at approximately 6.5 years as of March 31, 2026. Capital Clean Energy Carriers Corp. also earns income from the charter of its LCO₂ Handy Multi Gas Carrier to Geogas for LPG transport and its container vessel to Hapag-Lloyd under long-term agreements.

The company operates through the following segments: LNG Carriers, Gas Fleet, and Container Carrier.

• LNG Carriers: This segment includes 12 operational and nine under-construction latest-generation LNG carriers, each with a capacity of 174,000 cubic meters. These vessels are employed under medium- to long-term time or bareboat charters with major energy companies including BP, Cheniere, Engie, Tokyo Gas, Jera, Hartree, Qatar Energy Trading, TotalEnergies, and ConocoPhillips. The segment benefits from accretive newbuild deliveries and charter extensions that support stable revenue visibility.

• Gas Fleet: This segment comprises one delivered LCO₂ Handy Multi Gas Carrier (Active) and nine under-construction vessels, including six dual-fuel LPG-ammonia carriers and three additional LCO₂ Handy Multi Gas Carriers. The LCO₂ – HMG/C Active commenced a six-month charter transporting LPG with Geogas Trading SA, with an option to extend for an additional six months. The Gas Fleet is positioned to capture growth in LPG, ammonia, and low-carbon gas transportation markets driven by global decarbonization trends.

• Container Carrier: This segment consists of the M/V Itajai Express, a Neo-Panamax container vessel chartered to Hapag-Lloyd under a 10-year time charter with options to extend through 2039. The vessel operates in the liner shipping sector and remains the sole legacy container asset after the disposal of other container vessels in line with the company's strategic shift away from container shipping. Capital Clean Energy Carriers Corp. has committed to abstain from acquiring additional container vessels under the Umbrella Agreement with Capital Maritime and CGP LLC.

Capital Clean Energy Carriers Corp. holds a competitive position in the global LNG shipping market as a provider of modern, fuel-efficient vessels with an average fleet age of approximately 3.4 years. The company differentiates itself through its focus on energy transition gases, long-term charter relationships with major utilities and traders, and compliance with stringent safety and environmental standards. Key competitors include other owner-operators such as GasLog, Flex LNG, and Hoegh LNG, though Capital Clean Energy Carriers Corp. leverages its sponsor support and rights of first refusal under the Umbrella Agreement to secure accretive growth opportunities.

The company serves a customer base of major energy traders, utilities, and shipping companies, including BP, Cheniere, Engie, Tokyo Gas, Jera, Qatar Energy Trading, Hartree, TotalEnergies, ConocoPhillips, Geogas Trading SA, and Hapag-Lloyd. These counterparties charter vessels for the transportation of LNG, LPG, ammonia, and containerized cargo under medium- to long-term agreements that support revenue predictability and operational stability.