Quarterly ResultJul 30, 2026, 09:24 AM
United Maritime Q2 Net Income $1.2M; Declares $0.10 Dividend
AI Summary
United Maritime Corp reported Q2 2026 Net Income of $1.2 million, an increase from $1.0 million in Q2 2025, with Net Revenues of $10.0 million. The company declared its 15th consecutive quarterly cash dividend of $0.10 per share. United Maritime continued its strategic fleet repositioning into Capesize vessels, funding growth through $29.5 million generated from asset sales and investment monetization, including the sale of two vessels and a profitable exit from an offshore investment.
Key Highlights
- Q2 2026 Net Income was $1.2 million, up from $1.0 million in Q2 2025.
- Q2 2026 Net Revenues were $10.0 million, broadly in line with Q2 2025.
- Declared 15th consecutive quarterly cash dividend of $0.10 per share.
- TCE rate for Q2 2026 was $18,654 per day, up 21% from $15,421 in Q2 2025.
- Generated $29.5 million liquidity from asset sales and investment monetization in 2026.
- Sold Panamax M/V Exelixsea for $17.5 million and Kamsarmax M/V Cretansea for $14.7 million.
- Took delivery of Capesize M/V Squireship, strengthening the fleet.
- Completed profitable exit from Offshore Energy Construction Vessel investment for $15.1 million.
Price Impact
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