Quarterly ResultJul 27, 2026, 07:26 AM
Costamare Q2 Adjusted EPS $0.62; Secures $920M Financing
AI Summary
Costamare Inc. reported Q2 2026 Adjusted Net Income of $75.1 million ($0.62 per share) and Net Income of $77.4 million ($0.64 per share). The company secured $920 million in new bilateral financing agreements, with an additional $331 million expected in Q3 2026, providing interest cost savings and no debt maturities until 2030. Costamare also declared a common stock dividend of $0.125 per share and noted high fleet employment with 97% fixed for 2026 and 94% for 2027, alongside $6.1 billion in contracted revenues.
Key Highlights
- Q2 2026 Adjusted Net Income $75.1M ($0.62 per share).
- Q2 2026 Net Income $77.4M ($0.64 per share).
- Secured $920M in new bilateral financing agreements.
- Commitments for additional $331M refinancings expected Q3 2026.
- Declared common stock dividend of $0.125 per share.
- 97% of containership fleet fixed for 2026, 94% for 2027.
- Contracted revenues of $6.1B with 5.9 years duration.
- Agreed to sell two vessels for estimated $54.5M proceeds.
Price Impact
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