Capital Clean Energy Carriers Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Capital Clean Energy Carriers (NASDAQ:CCEC) Full Year 2024 Results

Key Financial Results

• Revenue: US$369.4m (up 2.4% from FY 2023).
• Net income: US$6.87m (down 85% from FY 2023).
• Profit margin: 1.9% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.12 (down from US$2.15 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capital Clean Energy Carriers EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 57%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Shipping industry in the US.

Performance of the American Shipping industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Capital Clean Energy Carriers (3 are potentially serious!) that you need to be mindful of.

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