United Maritime Corp (USEA) Form 6-K — Aug 7, 2026

$USEAForm 6-KFiled Aug 7, 2026, 4:08 PM ET0001140361-26-031826Original filing

United Maritime (NASDAQ: USEA) reported Q2 2026 net revenues of $10.0 million and net income of $1.2 million, with adjusted EPS of $0.15 versus $0.02 a year earlier. For the first half of 2026, net revenues were $17.9 million with net income of $1.0 million — a swing from a $3.5 million loss in H1 2025 — as fleet TCE rose 35% year-over-year to $17,202 per day and adjusted EBITDA grew 42% to $8.4 million. The company is executing a strategic repositioning into Capesize vessels, generating approximately $29.5 million of liquidity in 2026 from asset sales and investment monetization without shareholder dilution.

Key figures

Eps: $0.11 (Q2 2026); $0.10 (H1 2026)
Revenue: $17.9M (H1 2026); $10.0M (Q2 2026)
Guidance: Q3 2026 fleet TCE estimated at approximately $20,418/day; ~75% of Q3 operating days already fixed at ~$21,388/day
Net Income: $1.2M (Q2 2026); $1.0M (H1 2026) vs $(3.5)M loss in H1 2025
Total Debt: $94.2M (bank debt, finance lease liabilities and other financial liabilities, net of deferred finance costs, as of June 30, 2026)
Total Assets: $163.0M (June 30, 2026)
Cash Position: $12.1M (cash and cash equivalents and restricted cash as of June 30, 2026)
Tce h1 2026: $17,202/day, +35% YoY vs $12,744
Tce q2 2026: $18,654/day vs $15,421 in Q2 2025
Fleet capacity: 666,260 dwt across 6 vessels; 589,899 dwt across 5 vessels post-Exelixsea sale
Fleet book value: $143.5M as of June 30, 2026
Daily opex h1 2026: $6,442 vs $6,332
Dividend per share: $0.10 quarterly (15th consecutive)
Shares outstanding: 9538139
Shareholders equity: $53.3M as of June 30, 2026
Adjusted eps h1 2026: $0.18 vs $(0.48)
Adjusted eps q2 2026: $0.15 vs $0.02
Cretansea sale price: $14.7M gross, ~$5.9M net proceeds
Cumulative dividends: $2.04/share, approximately $16.8M aggregate since November 2022
Exelixsea sale price: approximately $17.5M gross, ~$8.5M net proceeds, ~$1.8M expected gain
Warrants outstanding: 6,962,770 Class A warrants at $2.25 exercise price
Dividend running yield: approximately 16%
Adjusted ebitda h1 2026: $8.4M, +42% YoY vs $6.0M
Adjusted ebitda q2 2026: $5.2M vs $5.1M
Liquidity generated 2026: approximately $29.5M from asset sales and investment monetization
Fleet utilization h1 2026: 97.8%
Weighted avg interest rate: 6.42% vs 7.44% in H1 2025
Adjusted net income h1 2026: $1.7M vs $(4.2)M adjusted loss in H1 2025
Adjusted net income q2 2026: $1.5M vs $0.2M in Q2 2025
Dukeship purchase obligation: $22.1M payable August 2027
Fixed charter coverage q3 2026: approximately 75% of operating days at ~$21,388/day
Offshore investment exit proceeds: approximately $15.1M cash, ~$0.5M accounting gain

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