Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Q2 2026 Earnings Presentation
27 slides from Capital Clean Energy Carriers's earnings presentation, Jul 29, 2026
Slide 1: Q2 2026 Earnings Presentation
Q2 2026 EARNINGS PRESENTATION July 29, 2026 capitalcleanenergycarriers.com
Slide 2: Important Notice
Important Notice This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looki
Slide 3: Q2 2026 Highlights
01 Q2 2026 Highlights www.capitalcleanenergycarriers.com
Slide 4: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights • Delivery of two LNG/Cs along with one Handy Liquefied CO2 Multi-Gas Carrier and two dual-fuel Medium Gas Carriers1 • Agreed to divest 49% stake in the LNG/C Amore Mio I - formed a joint venture and secured a 10-year time charter • Joint Venture announced for LNG bunk
Slide 5: Financials
02 Financials www.capitalcleanenergycarriers.com 5
Slide 6: Statement of Income – Highlights
Statement of Income – Highlights For the Three-Month For the Three-Month Key commentary Period Ended Period Ended June 30 2026 June 30 2025 Dividend per share $0.15 Revenues 104,896 96,716 1 maintained Expenses: Voyage expenses 2,242 1,949 Veseel operating expenses 17,953 13,450 Vessel operating exp
Slide 7: Special Survey update
Special Survey update No Special Surveys after Q3 26 on LNG fleet until Built LNG/C Special Survey Status 2028 2020 Aristos I August 2025 -off-hire 21.3 days, Total cost $4.5m ($3.3m expensed & $1.2m Deferred) LNG carriers All dual fuel September 2025 –off-hire 16.8 days, Total cost $4.5m 2021 Arist
Slide 8: Balance Sheet – Highlights
Balance Sheet – Highlights Key commentary As at end As at end June 30, 2026 December 31, 2025 Assets Current Assets 282,807 426,005 Solid cash position of $268.9 million Fixed Assets 4,284,719 3,570,778 1 (including restricted cash) Other Non-Current Assets 87,572 98,331 Net Leverage Ratio of 5
Slide 9: CCEC Capital Expenditure Program
CCEC Capital Expenditure Program Newbuilding program financing well supported & brought forward LNG/Cs fully financed Million $2,750 2,355 $2,250 ( 269 ) $1,750 ( 1,628 ) $1,250 ( 658 ) $750 200 $250 -$250 Newbuilding Program Cash Capex paid Debt Net Equity Inflow Notes: 1. Newbuilding Program refle
Slide 10: Interest rate risk management
Interest rate risk management Protecting Balance Sheet & CAPEX program in an uncertain environment Given the elevated interest rate environment and continued monetary policy uncertainty, we executed Background two Zero Cost Collar transactions during May/July 2026 to protect against sustained higher
Slide 11: LNG Market Update
03 LNG Market Update www.capitalcleanenergycarriers.com
Slide 12: CCEC – LNG Time Charter Book
CCEC – LNG Time Charter Book Strong charter positioning with optionality for future market developments TODAY UNDER CONSTRUCTION FIRM EMPLOYMENT OPTIONS OPEN / SPOT VESSEL STATUS FIRM EXPIRY 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 ATTALOS FIRM NOV 2034 ARISTOS I FIRM NOV 203
Slide 13: LNG markets rebalancing after outbreak of war
2011 LNG markets rebalancing after outbreak of war Market surprise at speed and scale of adjustment by LNG markets LNG Balance Change (Mcm/day YoY, Mar-Jun 2026) 0 -3 -13 -34 -50 -96 -6 -44 -100 -29 -23 -44 -292 Mcm/day YoY -150 -20 -200 Red bars refer to tighter balance = lower supply /higher deman
Slide 14: More LNG cargoes are going to Asia while EU storage levels well below the five-year seasonal average
More LNG cargoes are going to Asia while EU storage levels well below the five-year seasonal average US LNG Exports to Asia (MT /month) EU Gas Inventories (% full) 5-yr range (min–max) 2024 2025 2026 Range (min–max) 2021 2022 2026 100% 4.50 90% 4.00 80% 3.50 26-37 70% LNGCs 25-34 3.00 LNGCs 60% 21-2
Slide 15: Europe & Asia will compete to attract LNG – thus driving prices & freight rates higher
Europe & Asia will compete to attract LNG – thus driving prices & freight rates higher Sharp Global LNG Price Rise; Forward Curves remain elevated Implications Global LNG Prices ($ / MMBtu) • Persistent JKM premium over TTF 35 Price • JKM/TTF spread peaked at $4/MMBtu and averaged around $2 Impacts
Slide 16: Supply growth trend extends into early 2030
Supply growth trend extends into early 2030 US now expected to have more than 255 MMt/y of liquefaction capacity by end 2031 Global Liquefaction Capacity by Region (Mtpa LNG) APAC Atlantic (excl. USA) East Africa / Middle East USA FID Imminent Recovery of ME volumes, delayed NFE expansion and contin
Slide 17: LNG Shipping Supply / Demand outlook
LNG Shipping Supply / Demand outlook LNG Shipping Supply & Demand ~ inflection point early 2028 assuming no action on fleet or Liquefaction growth 800 700 580.9 706 600 442.1 500 358.6 423.1 403 412 418 400 255.1 350 186.4 292 300 274 264 275 255 121.3 215 190 200 156 80.3 88 73 100 0 -15 -34 -100 -
Slide 18: MGC Market Update & Strategy
04 MGC Market Update & Strategy www.capitalcleanenergycarriers.com
Slide 19: CCEC - Gas Charter book
CCEC - Gas Charter book A focused investment program with two market pillars, MGC and LCO2 - one investment case LCO2 CARRIER DUAL FUEL LPG DELIVERED CONTRACTED Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 ARISTOGENIS 45,000 cbm DELIVERED MGC JUN 2026 ARIDAIOS MGC 45,000 cbm DELIVERED JUL
Slide 20: Gas Fleet: Trading today, Transitioning tomorrow
Gas Fleet: Trading today, Transitioning tomorrow A focused investment program with two market pillars, MGC and LCO2 - one investment case LCO2 CARRIER ACTIVE LCO2 22,000 cbm DELIVERED · JAN 2026 Cash flows from LPG First-mover in CO₂ AMADEUS 22,000 cbm LCO2 DELIVERED · APR 2026 today shipping ALKIMO
Slide 21: LPG demand – Key Drivers
LPG demand – Key Drivers Global LPG demand is being pulled by three structural forces: household energy access, petrochemical feedstock growth and the shift away from higher-emission fuels Residential & Commercial Petrochemical Feedstock Cleaner-Fuel Switching LPG ~58% of global LPG demand. Cooking,
Slide 22: LPG shipping dynamics – rising demand; longer voyages to Asia
LPG shipping dynamics – rising demand; longer voyages to Asia LPG is a seaborne business segmented by vessel size, refrigeration regime and trade lane. The fleet ranges from coasters serving local distribution to VLGCs handling long-haul intercontinental flows Re-drawing the map US LPG seaborne expo
Slide 23: Adding competitive advantages to fuel and emission regulations globally
Adding competitive advantages to fuel and emission regulations globally Medium Gas Carrier Key Facts MGC Fleet – advantages in current market Structurally Longer routes performed on DF vessels; Charterers increasingly prefer more 6 × Dual-Fuel Medium Gas Carriers tight MGC efficient vessels for term
Slide 24: Current trading dynamics in LPG
Current trading dynamics in LPG Recent dynamics in LPG since US-Iran War Freight rates supportive 40k cbm 1 year TC Lower MGC volumes offset by higher miles year to date 1,300 1,200 1,100 '000s $ pcm To Europe/Med 1,000 2025: 1000 2026: 740 To Europe/Med 900 2025: 635 2025 2026 2026: 790 800 To Far
Slide 25: Conclusion
05 Conclusion www.capitalcleanenergycarriers.co m
Slide 26: CCEC – Ultra-modern gas fleet to meet future challenges
CCEC – Ultra-modern gas fleet to meet future challenges On the water New Deliveries 2020 2021 2021 2021 2021 2021 2026 2026 2027 2027 2027 LNG carriers All dual fuel 174k cbm 2023 2023 2024 2024 2024 2024 2026 2028 2029 2029 Mid Sized 2026 2026 2027 2027 2027 2027 Gas carriers LPG, NH3 capability Ve
Slide 27: Thank You for Your Attention
Thank You for Your Attention www.capitalcleanenergycarriers.com
Capital Clean Energy Carriers — Q2 2026 Earnings Presentation on 6ix