Shares of Capital Clean Energy Carriers Corp. (CCEC) plummeted 5.44% during intraday trading on Thursday following the release of the company's third-quarter financial results. The significant drop comes as the shipping company reported earnings that fell short of analysts' expectations.
For the third quarter ended September 30, 2025, CCEC reported earnings per share (EPS) of $0.40, missing the FactSet consensus estimate of $0.43. The company's revenue also declined 6.2% year-over-year to $99.51 million, falling short of the expected $104.56 million. The decrease in revenue was primarily attributed to off-hire periods related to five-year special surveys of two LNG carriers during the quarter.
Despite the earnings miss, CCEC highlighted some positive developments, including securing a new long-term charter agreement for an LNG carrier under construction and completing financing arrangements for its fleet expansion. However, these achievements were overshadowed by the weaker-than-expected financial performance, leading to a sharp sell-off in the stock. Investors appear to be concerned about the company's ability to maintain growth amid challenging market conditions in the LNG shipping sector.
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