Capital Clean Energy Carriers Corp. Files 6-K

TL;DR

CPLP filed a 6-K for Q2 2024, check financials.

AI Summary

Capital Clean Energy Carriers Corp. filed a 6-K report on October 10, 2024, for the period ending June 30, 2024. The filing provides financial information and updates for the company, formerly known as Capital Product Partners L.P. until a name change on March 7, 2007.

Why It Matters

This filing provides investors with updated financial information and disclosures for Capital Clean Energy Carriers Corp., allowing them to assess the company's performance and financial health.

Risk Assessment

Risk Level: low — This is a routine 6-K filing providing financial updates and does not indicate any immediate or significant risks.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the financial period covered by the report.)
• 2024-10-10 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• Capital Clean Energy Carriers Corp. (company) — Filer
• Capital Product Partners L.P. (company) — Former company name
• 0001392326 (company) — Central Index Key

FAQ

Key Financial Figures

• $0.01 — d into one common share, with par value $0.01 per share, of CCEC ("Common Shares"); a
• $756.0 m — he "Gas Vessels") for a total amount of $756.0 million, with expected deliveries between
• $74.7 million — e Agreements with CMTC, we paid to CMTC $74.7 million to acquire 100% of the equity interests
• $11.5 million — hip building contracts and a premium of $11.5 million. 4 Advances for the acquisition of v
• $101.1 million — under construction of $74.7 million and $101.1 million respectively. During the same period, w
• $8.7 m — riod, we recognized initial expenses of $8.7 million, for the vessels under constructi
• $175.7 million — market acquired charters, amounting to $175.7 million. All five vessels are debt-free and the
• $0.15 — Board") declared a cash distribution of $0.15 per common unit for the fourth quarter
• $31.6 million — NG/Cs; the gain on sale of vessels of $31.6 million during the six-month period ended June
• $8.0 million — 2024, compared to impairment charge of $8.0 million we recognized in the corresponding peri
• $202.2 million — bareboat charter revenues, amounted to $202.2 million for the six-month period ended June 30,
• $169.6 million — period ended June 30, 2024, compared to $169.6 million for the six-month period ended June 30,
• $32.6 million — od ended June 30, 2023. The increase of $32.6 million was primarily due to the higher average
• $6.0 million — ses Total voyage expenses amounted to $6.0 million for the six-month period ended June 30,
• $7.8 million — period ended June 30, 2024, compared to $7.8 million for the six-month period ended June 30,

Filing Documents

• d885353d6k.htm (6-K) — 1167KB
• 0001193125-24-235901.txt ( ) — 7100KB
• cplp-20240630.xsd (EX-101.SCH) — 126KB
• cplp-20240630_cal.xml (EX-101.CAL) — 69KB
• cplp-20240630_def.xml (EX-101.DEF) — 255KB
• cplp-20240630_lab.xml (EX-101.LAB) — 584KB
• cplp-20240630_pre.xml (EX-101.PRE) — 379KB
• d885353d6k_htm.xml (XML) — 1153KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CAPITAL CLEAN ENERGY CARRIERS CORP. Dated: October 10, 2024 /s/ Gerasimos (Jerry) Kalogiratos Name: Gerasimos (Jerry) Kalogiratos Title: Chief Executive Officer Exhibit I CCEC Financial Results for the six - month period ended June 30, 2024 Operating and Financial Review and Prospects You should read the following discussion of our financial condition and results of operations in conjunction with our unaudited interim condensed consolidated financial statements for the six-month periods ended June 30, 2024, and 2023 and related notes included elsewhere herein. Among other things, the financial statements include more detailed information regarding the basis of presentation for the following information. This discussion contains forward-looking statements that are made based upon management's current plans, expectations, estimates, assumptions and beliefs concerning future events impacting us and therefore involve a number of risks and uncertainties, including those risks and uncertainties discussed in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the "SEC") on April 23, 2024 and amended on May 22, 2024 (the "Annual Report") and those discussed in Exhibit 99.8 to our Report on Form 6-K furnished to the SEC on August 26, 2024. These risks, uncertainties and assumptions involve known and unknown risks and are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. We were originally formed as a Marshall Islands limited partnership named "Capital Produ

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations Our Fleet I. Operating Vessels: The eight Neo-Panamax container carrier vessels and the 12 X-DF LNG/C vessels currently on the water are all employed under time and bareboat charters. As of June 30, 2024, our charter coverage for the rest of 2024 and 2025 was 100% and 82%, respectively. Vessel Name Charter Type (1) Expiry of Charter (2) Charterer CONTAINER CARRIER VESSELS Manzanillo Express (7) 10-yr TC Jul-32 Hapag-Lloyd Aktiengesellschaft ("Hapag-Lloyd") Itajai Express (7) 10-yr TC Oct-32 Hapag-Lloyd Buenaventura Express (7) 10-yr TC Mar-33 Hapag-Lloyd Hyundai Prestige 12-yr TC Dec-24 Hyundai Merchant Marine Co. Ltd. ("HMM") Hyundai Premium 12-yr TC Jan-25 HMM Hyundai Paramount 12-yr TC Feb-25 HMM Hyundai Privilege 12-yr TC Mar-25 HMM Hyundai Platinum 12-yr TC Apr-25 HMM LIQUEFIED NATURAL GAS CARRIER ("LNG/C") VESSELS Aristos I (3) 5-yr TC Oct-25 BP Gas Marketing Limited ("BP") Aristarchos (4) 10-yr TC May-31 Cheniere Marketing International LLP ("Cheniere") Aristidis I (3) 5-yr TC Dec-25 BP Attalos (3) 4.2-yr TC Oct-25 BP Adamastos (5) 7.2-yr TC Sep-28 Engie Energy Marketing Singapore Pte Ltd. ("Engie") Asklipios (4) 10-yr TC Aug-31 Cheniere Asterix I (6) 7-yr TC Dec-29 Hartree Partners Power & Gas Company (UK) Limited ("Hartree") Amore Mio I (8) 3-yr TC Sep-26 QatarEnergy Trading LLC ("QatarEnergy") Axios II (9) 7-yr BBC Jan-32 Bonny Gas Transport Limited ("BGT") Assos (10) 10-yr TC May-34 Tokyo LNG Tanker Co. Ltd. ("Tokyo Gas") Aktoras (11) 7-yr BBC May-31 BGT Apostolos (12) 10.5-yr TC Nov-34 LNG Marine Transport Limited ("Jera") 1 (1)TC: Time Charter and BBC: Bareboat Charter (2)Earliest possible redelivery date. (3)In 2019, each of the vessel-owning companies of the LNG/C Aristos I, the LNG/C

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View this 6-K filing on SEC EDGAR