United Maritime Reports Second Quarter and First Half 2026 Financial Results
United Maritime returned to profitability for the first half of 2026, reporting net income of $1.0 million compared to a net loss of $3.5 million in the prior year period, driven by a 35% increase in fleet Time Charter Equivalent rates. The strategic shift toward Capesize vessels continued with the delivery of M/V Squireship and the sale of older vessels, generating significant liquidity while maintaining a strong balance sheet with $12.1 million in cash.
Key figures
- Eps
- 0.11
- Revenue
- $10.0 million
- Guidance
- Q3 TCE approximately $20,418 per day
- Tce 6m
- $17,202 per day
- Liquidity
- $12.1 million
- Total debt
- $94.2 million
- Net income 6m
- $1.0 million
- Tce yoy change 6m
- +35%
- Adjusted ebitda 6m
- $8.4 million
- Dividend per share
- $0.10
- Vessel sale proceeds gross
- $17.5 million
- Adjusted ebitda yoy change 6m
- +42%
AI analysis
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