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Following United Maritime Corporation's (NASDAQ:USEA) second-quarter 2026 conference call, Capital Link interviewed Chairman and Chief Executive Officer Stamatis Tsantanis to discuss the Company's substantially repositioned fleet, increased exposure to the Capesize market and additional liquidity available for future investments and shareholder returns. Rather than emphasizing the quarterly earnings comparison, the discussion focused on the sale of older Panamax and Kamsarmax vessels, the addition of two Capesize vessels and the profitable exit from an offshore energy construction-vessel investment.
United Maritime Corporation (USEA) Q2 2026 Earnings Call Transcript
Strategic Fleet Repositioning into Capesize Vessels Declares Quarterly Cash Dividend of $0.10 Per Share Highlights (in million USD, except EPS, LPS and TCE) Q2 2026 Q2 2025 6M 2026 6M 2025 6M 2026 vs 6M 2025 Net Revenues $ 10.0 $ 12.5 $ 17.9 $ 20.2 Net income / (loss) $ 1.2 $ 1.0 $ 1.0 $ (3.5 ) Adjusted net income / (loss)1 $ 1.5 $ 0.2 $ 1.7 $ (4.2 ) EBITDA1 $ 4.9 $ 5.9 $ 7.7 $ 6.6 +17 % Adjusted EBITDA1 $ 5.2 $ 5.1 $ 8.4 $ 6.0 +42 % TCE2 $ 18,654 $ 15,421 $ 17,202 $ 12,744 +35 % Earnings / (loss) per share Basic and Diluted $ 0.11 $ 0.11 $ 0.10 $ (0.40 ) Adjusted earnings / (loss) per share Basic1and Diluted1 $ 0.15 $ 0.02 $ 0.18 $ (0.48 ) _______________ 1 Adjusted earnings / (loss) per share, Adjusted Net Income / (loss), EBITDA and Adjusted EBITDA are non-GAAP measures. Please see the reconciliation below of Adjusted earnings / (loss) per share, Adjusted Net Income / (loss), EBITDA and Adjusted EBITDA to net income, the most directly comparable U.S. GAAP measure.
Earnings Release: Thursday , July 30, 2026, Before Market Open in New York Conference Call and Webcast: Thursday, July 30, 2026, at 12:00 p.m. Eastern Time
Ultrapetrol (Bahamas) (OTCMKTS:ULTRF - Get Free Report) and United Maritime (NASDAQ: USEA - Get Free Report) are both transportation companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations. Valuation and Earnings This table compares Ultrapetrol (Bahamas)
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Capital Link is pleased to release the Q2 2026 edition of its Quarterly Shipping Insights-a carefully curated collection of original articles based on exclusive discussions with senior executives across the Container, Dry Bulk, LNG, LPG and Tanker sectors, as well as leading industry regulators, and service providers.
While markets watch the Strait of Hormuz, strong demand for coal, infrastructure materials, and other commodities continues to support dry bulk shipping. Stamatis Tsantanis, CEO of Seanergy Maritime and United Maritime, discusses the global demand outlook on 'Bloomberg: Open Interest.
Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBITDA1 $2.9 $0.7 Adjusted EBITDA1 $3.2 $0.9 Net loss per share Basic and Diluted ($0.01) ($0.52) Adjusted earnings / (loss) per share Basic1 and Diluted1 $0.02 ($0.50) Other Highlights and Developments: $62.2 million Expansion in Capesizes Enhances Earnings Visibility and Free Cash Flow Took delivery of the 2010-built Capesize M/V Dukeship, employed at a fixed rate of approximately $29,300 through year-end 2026. Acquired the 2010-built, scrubber-fitted Capesize M/V Squireship, with expected delivery in June 2026, meaningfully strengthening fleet earnings capacity.