Quarterly ResultMay 20, 2026, 04:33 PM
Costamare Q1 Revenue $211.1M, Net Income $80.4M, EPS $0.62
AI Summary
Costamare Inc. reported a decline in its first quarter 2026 financial results, with net income attributable to the company decreasing by 19.7% to $80.4 million. Total revenues for the quarter were $211.1 million, a 5.3% decrease compared to the same period in 2025, and diluted earnings per share fell 21.5% to $0.62. The company's total assets and stockholders' equity, however, showed an increase from the end of the previous fiscal year.
Key Highlights
- Net income attributable to Costamare Inc. decreased 19.7% to $80.4 million in Q1 2026.
- Total revenues for Q1 2026 were $211.1 million, down 5.3% from $222.9 million in Q1 2025.
- Diluted EPS fell 21.5% to $0.62 in Q1 2026 from $0.79 in Q1 2025.
- Operating income decreased 20.9% to $97.3 million in Q1 2026.
- Net cash provided by operating activities from continuing operations was $112.4 million, down 23.7%.
- Total assets increased to $3.92 billion as of March 31, 2026, from $3.86 billion at Dec 31, 2025.
- Total stockholders' equity rose to $2.22 billion as of March 31, 2026, from $2.16 billion at Dec 31, 2025.
- Container vessels segment generated $201.6 million in revenue in Q1 2026.
Price Impact
More from CMRE