Seanergy Maritime Reports First Quarter 2026 Financial Results
Seanergy Maritime reported a strong Q1 2026 turnaround, posting net income of $9.7 million and adjusted EBITDA of $28.1 million, up 251% year-over-year, driven by a 77% surge in net revenues to $42.9 million. The company declared its 18th consecutive quarterly cash dividend of $0.20 per share and provided robust Q2 TCE guidance of approximately $31,430 per day, reflecting high charter rate visibility and disciplined risk management.
Key figures
- Eps
- 0.45
- Revenue
- 42900000
- Guidance
- Q2 2026 TCE rate approx. $31,430 per day
- Revenue Yoy
- 77%
- Ebitda
- 23600000
- Net income
- 9700000
- Tce rate q1
- 24219
- Adjusted eps
- 0.63
- Long term debt
- 319700000
- Adjusted ebitda
- 28100000
- Fleet book value
- 530500000
- Dividend per share
- 0.2
- Adjusted net income
- 13400000
- New debt financings
- 237000000
- Vessel sale proceeds
- 29500000
- Cash and restricted cash
- 68800000
- Newbuilding program value
- 460000000
- Vessel sale net liquidity
- 13400000
AI analysis
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