Capital Clean Energy Carriers Corp.

Thank you for standing by and welcome to the Capital Clean Energy Carrier Corp First Quarter 2025 Financial Results Conference Call. We have with us Mr. Jerry Kolodziorata, Chief Executive Officer, Mr. Brian Gallagher, Executive Vice President, Investor Relations, and Mr. Nikos Tsiprasakis, Chief Commercial Officer. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. at which time, if you wish to ask a question, you will need to press star 11 on your telephone and wait for your name to be announced. I must advise you that this conference has been recorded today, Thursday, May 8th, 2025. The statement in today's conference call that are not historical facts, including our expectations regarding acquisition, transactions, and their expected effect on us, cash generation, equity returns, and future debt levels, Our ability to pursue growth opportunities, our expectations or objectives regarding future distribution amounts, all share buyback amounts, capital reserve amounts, dividend coverage, future earnings, capital allocation, as well as our expectations regarding market fundamentals and the employment of our vessels, including re-delivery dates and charter rates, may be forward-looking statements as such. as defined in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views, or anything expectations to conform to actual results or otherwise. We make no prediction or statement about the performance of our common shares. I would now like to hand over to your first speaker today, Mr. Brian Gallagher. Please go ahead, sir.

Thank you, Operator. Good morning and afternoon to whoever you are, and thank you for listening to the Capital In Energy Carriers Q1 2025 earnings call. As a reminder, we will be referring to the supporting slides available on our website as we go through today's presentation. Let's start then on slide four with the highlights. First quarter 2025 was an important quarter for the company in many respects. Firstly, net income from operations for the quarter amounted to just under $81 million, including a $46.2 million gain from the sale of two containment vessels. This is included in the earnings release in our discontinued operations. These are the last two of the five 5,000 TEU containers that we agreed to sell last year, and they were delivered to the new owners during this quarter. Overall, we have raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, and have recycled this capital into our focus on Jack's Transportation Assets. Another key development of the quarter is that we have secured employment for two of our new building LNG carriers for five and seven years respectively, both with an additional five-year option. My colleague Nikos will cover that in more detail later. What is more, during the first quarter of the year, the LNG carrier LNG-2 commenced its seven-year fair vote charter, where the charter had the option to extend by an additional three years. The new charters, in addition to certain options exercised by one of our charters, has increased our firm charter backlog to $3.1 billion. We believe that these charters further corroborate our view on the positive fundamentals of the longer-term energy shipping market and provide our investors visibility into both employment prospects and cash flows. We want to advance our first energy new building delivery. With that, I'll now turn it over to Chief Executive Chair, Yves-Alain Girondis, and Nikos Girondis, Chief Financial Officer, for the remainder of the presentation.

Thank you, Ryan, and good morning to everyone listening in today.