Research analysts covering 2LE1.
Recent press releases and 8-K filings for 2LE1.
Euroseas Presents Strong Financials and Future Outlook at Capital Link Webinar
2LE1
Earnings
Dividends
Share Buyback
- Euroseas reported strong nine-month 2025 results, including $170 million in net revenue, $115 million in EBITDA, and $13.8 per diluted share in net income.
- The company has secured significant charter coverage for 2026 (approximately 90% of operating days at $31,000 per day) and 2027 (two-thirds of open days at $32,600 per day), indicating continued high profitability.
- Euroseas maintains a dividend yield of about 5% and plans to continue share buybacks, noting its shares trade at a 38% discount to its estimated NAV of $85 per share.
- The fleet comprises 21 vessels on the water, with 4 new intermediate vessels under construction for delivery in 2027 and 2028, enhancing its modern and efficient fleet.
Jan 21, 2026, 4:00 PM
Euroseas Provides Business Update and Financial Outlook
2LE1
Dividends
Share Buyback
New Projects/Investments
- For the nine months ended September 30, 2025, Euroseas reported $170 million in net revenue, $115 million in EBITDA, and $12.2 per adjusted diluted share.
- The company has secured significant forward charter coverage, with approximately 90% of its weighted average operating days for 2026 covered at an average rate of $31,000 per day, and two-thirds of its 2027 open days covered at $32,600 per day. This strong coverage is expected to ensure profitability for the next two years, comparable to the last three years.
- Euroseas' shares are currently trading at $53 per share, which represents a 38% discount to its estimated Net Asset Value (NAV) of $85 per share.
- The company maintains a low leverage with $224 million in bank debt, representing 33.3% of the book value of its assets, and consistently provides a meaningful dividend with an annualized yield of approximately 5.3%.
- Strategic growth initiatives include 4 vessels currently under construction and an additional 4 intermediate vessels ordered for delivery in 2027 and 2028, alongside ongoing fleet modernization efforts.
Jan 21, 2026, 4:00 PM
Euroseas Reports Strong Q3 2025 Results and High Forward Charter Coverage
2LE1
Earnings
Dividends
Share Buyback
- Euroseas reported strong financial results for the nine months ending Q3 2025, including $170 million in net revenue and $12.2 adjusted diluted EPS, while maintaining a 5% annualized dividend yield.
- The company has secured significant forward charter coverage for 2026 (83% at $31,000 per day) and 2027 (two-thirds at $32,600 per day), providing strong earnings visibility and profitability.
- Euroseas maintains a low leverage with bank debt at $224 million and its shares trade at a 38% discount to its Net Asset Value (NAV) of $85 per share, with a share repurchase program in place.
- The company is actively renewing its fleet with four new vessels under construction for delivery in 2027 and 2028, focusing on modern, efficient, and low-emission ships in the feeder and intermediate container market.
Jan 21, 2026, 4:00 PM
Euroseas Announces Q3 2025 Results, Dividend, and Fleet Developments
2LE1
Earnings
Dividends
Share Buyback
- For the third quarter of 2025, Euroseas reported total net revenues of $56.9 million, a net income of $29.7 million, and diluted earnings per share of $4.25. Adjusted EBITDA for the period was $38.8 million.
- The Board of Directors declared a quarterly dividend of $0.70 per share for Q3 2025, payable around December 16 to shareholders of record as of December 9.
- Since May 2022, the company has repurchased 466,000 shares of common stock for approximately $10.5 million under a share repurchase plan that was renewed in May 2025.
- The company completed the sale of the motor vessel Marcos V for $50 million. Charters were secured for four new buildings (Elena, Thrylos, Nikitas G, and Socrates Ch) upon their expected deliveries in H2 2027 and H1 2028, for a firm period of four years at $35,500 per day or five years at $32,500 per day.
Nov 18, 2025, 3:00 PM
Euroseas Announces Q3 2025 Financial Results and Operational Updates
2LE1
Earnings
Dividends
Share Buyback
- Euroseas reported Q3 2025 net revenues of $56.9 million and net income of $29.7 million, with diluted earnings per share of $4.25. For the first nine months of 2025, total net revenues reached $170.5 million and net income was $96.5 million.
- The Board of Directors declared a quarterly dividend of $0.70 per share for Q3 2025, and the company has repurchased 466,000 shares for approximately $10.5 million since May 2022, renewing the plan in May 2025.
- The company completed the sale of the motor vessel Marcos V for $50 million, realizing an estimated gain of $9.3 million.
- Euroseas secured long-term charters for four new buildings, expected for delivery in late 2027 and early 2028, at daily rates of $35,500 for four years or $32,500 for five years.
- The company maintains strong forward contract coverage, with 75% of 2026 voyage days secured at $31,300 per day, 52% for 2027 at $33,500 per day, and 30% for 2028 at $35,500 per day.
Nov 18, 2025, 3:00 PM
2LE1 Announces Q3 2025 Financial Highlights and Operational Updates
2LE1
Earnings
Dividends
Share Buyback
- 2LE1 reported Net Revenues of $56.9 million and Net Income of $29.7 million, or $4.25 per share, for the third quarter of 2025.
- The company declared a quarterly dividend of $0.70 per share for Q3 2025, payable around December 16, 2025.
- As of November 18, 2025, 2LE1 had repurchased 466,374 common stock for approximately $10.5 million under its share repurchase plan.
- 2LE1 completed the sale of the MV Marcos V for $50.0 million, with the vessel delivered to its new owners on October 20, 2025.
- New charter agreements include an extension for M/V Jonathan P at $25,000/day and M/V Synergy Oakland at $33,500/day, along with charters for four newbuildings at $35,500/day for 4 years or $32,500/day for 5 years.
Nov 18, 2025, 3:00 PM
Euroseas Announces Q3 2025 Financial Results and Operational Updates
2LE1
Earnings
Dividends
New Projects/Investments
- Euroseas reported net revenues of $56.9 million, net income of $29.7 million, and $4.25 per diluted share for Q3 2025. Adjusted net income was $29.6 million, or $4.23 per diluted share, with Adjusted EBITDA reaching $38.8 million.
- The Board of Directors declared a quarterly dividend of $0.70 per share for Q3 2025. Since May 2022, the company has repurchased 466,000 shares of common stock for approximately $10.5 million under its renewed share repurchase plan.
- The company completed the sale of the motor vessel Marcos V for $50 million, resulting in an estimated gain of $9.3 million. Additionally, four new buildings (Elena, Thrillos, Nikita G, and Socrates CH) were chartered for four years at $35,500 per day or five years at $32,500 per day upon their expected deliveries in the second half of 2027 and first half of 2028.
- Euroseas' contract coverage stands at 75% for 2026, 52% for 2027, and 29% for 2028, with average contracted rates of $31,300, $33,500, and $35,500 for those respective years. As of September 30, 2025, the market value of the fleet is approximately $680 million, translating to a net asset value (NAV) of about $595 million, or roughly $85 per share, indicating the stock trades at almost a 30% discount to its charter-adjusted NAV.
Nov 18, 2025, 3:00 PM
Euroseas Ltd. Discusses Fleet Expansion, Strong Financial Performance, and Feeder Market Strategy
2LE1
Guidance Update
Dividends
New Projects/Investments
- Euroseas Ltd. (ESEA) operates 22 container vessels in the feeder sector and has four new vessels under construction for delivery in late 2027 and early 2028, expanding its fleet to 25 units after one planned sale.
- For the first half of 2025, the company generated $114 million in net revenue and $76 million in EBITDA, with average charter rates of $28,500 per day.
- The company has high earnings visibility, with 100% of its fleet employed for 2025 and 70% for 2026 at average contracted rates exceeding $30,000 per day, projecting earnings per share north of $15 for 2025.
- Euroseas pays a quarterly dividend of $0.70 per share, yielding approximately 5% annually, and its estimated Net Asset Value (NAV) per share of $80 suggests a 30% discount to its recent share price.
- The company's strategy focuses on the feeder sector, which is characterized by a low order book and a high proportion of older vessels (over 20 years), indicating potentially favorable supply-demand dynamics compared to the broader container ship market.
Oct 9, 2025, 2:00 PM
Quarterly earnings call transcripts for 2LE1.
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