KCC Second Quarter 2026 – Solid Q2 financials driven by strong markets and operations amidst geopolitical turmoil
Klaveness Combination Carriers ASA (“KCC”) reported EBITDA of USD 38.5 million and Profit after tax of USD 20.8 million for the second quarter of 2026, representing a strong improvement from the first quarter. Fleet average TCE earnings [1] increased by $4,350/day to $37,782/day from Q1 to Q2. This was supported by tighter, though very volatile, ...
Klaveness Combination Carriers ASA (KCC) reported solid second quarter 2026 financials, driven by strong market conditions and efficient operations. EBITDA rose to USD 38.5 million, up from USD 29.3 million in Q1 2026, while profit after tax increased to USD 20.8 million, up from USD 15.6 million in Q1. Fleet average TCE earnings doubled from $33,432/day in Q1 to $37,782/day in Q2.
CEO Engebret Dahm attributed the growth to the delivery of KCC's final CABU newbuilding on August 6, which now brings the fleet to 19 fully operational vessels. KCC anticipates continued strength in the second half of 2026, despite geopolitical tensions in the Middle East. The company declares a quarterly dividend of USD 0.30 per share, equivalent to USD 17.8 million, matching the Adjusted Cash Flow to Equity for Q2 2026. KCC expects favorable market conditions and fleet utilization throughout the remainder of 2026.
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