Quarterly ResultJul 27, 2026, 07:08 AM

Costamare Q2 Adjusted Net Income $75.1M; Secures $1.3B 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, with an additional $331 million expected, leading to interest cost savings and no debt maturities until 2030. While Q2 voyage revenue decreased by 4.8% to $200.8 million, the containership fleet remains highly fixed at 97% for 2026 and 94% for 2027, with contracted revenues of approximately $6.1 billion. The company also declared a common stock dividend of $0.125 per share.

Key Highlights

Q2 2026 Adjusted Net Income from Continuing operations was $75.1 million ($0.62 per share).
Secured $920 million in new bilateral financing, with an additional $331 million expected in Q3 2026.
Total liquidity stood at $423.0 million as of June 30, 2026.
Containership fleet is 97% fixed for 2026 and 94% for 2027.
Contracted revenues for the containership fleet are approximately $6.1 billion.
Declared a common stock dividend of $0.125 per share, payable August 6, 2026.
Voyage revenue decreased by 4.8% to $200.8 million in Q2 2026.
Sale of two 2002-built container vessels, Porto Kagio and Porto Germeno, expected by Q1 2027.

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CMRE

Marine Transportation

Costamare Inc.

Price Impact