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United Maritime Reports Q3 2025 Financial Results and Strategic Updates
USEA
Earnings
Dividends
New Projects/Investments
- United Maritime Corporation reported Net Income of $1.1 million and Adjusted Net Income of $1.6 million for Q3 2025, a significant improvement from losses in Q3 2024. Earnings per share (EPS) for Q3 2025 was $0.12, and Adjusted EPS was $0.18.
- The company declared a quarterly cash dividend of $0.09 per share for Q3 2025, marking its 12th consecutive quarterly distribution, and repurchased approximately $0.2 million in common shares during the quarter.
- Strategic initiatives included the profitable sale of two Capesize vessels, which released approximately $18.8 million in liquidity, and an increased investment in the Offshore Energy Construction Vessel (ECV) project, bringing total contributions to $12.8 million.
- United Maritime also made a $0.5 million pre-seed investment in an AI-driven maritime technology platform to optimize ship management.
- For Q4 2025, the company anticipates an overall Time Charter Equivalent (TCE) rate of approximately $15,040, with 62% of available operating days fixed at an estimated TCE rate of approximately $14,881.
Nov 21, 2025, 9:06 PM
United Maritime Reports Q3 2025 Financial Results and Strategic Updates
USEA
Earnings
Dividends
New Projects/Investments
- United Maritime reported Net Income of $1.1 million and Adjusted Net Income of $1.6 million for Q3 2025, an improvement from losses in the prior year period, with Net Revenues at $11.0 million.
- The company declared a quarterly cash dividend of $0.09 per share for Q3 2025, marking its 12th consecutive distribution, and repurchased approximately $0.2 million in shares during the quarter.
- Strategic initiatives included the profitable sale of two older Capesize vessels, which released $18.8 million in liquidity, an increased investment in an Offshore Energy Construction Vessel to $12.8 million, and a $0.5 million pre-seed investment in an AI maritime technology platform.
- For Q4 2025, United Maritime has fixed approximately 62% of its available operating days at a daily rate of about $14,880, anticipating an overall Time Charter Equivalent (TCE) of approximately $15,040.
Nov 11, 2025, 2:00 PM
United Maritime Completes Divestment of Oldest Capesize Vessel
USEA
M&A
New Projects/Investments
- United Maritime Corporation completed the divestment of its oldest Capesize vessel, M/V Goodship, on September 16, 2025, finalizing its exit from vintage tonnage as part of a long-term fleet renewal plan.
- The sale of the M/V Goodship generated a net sale price of approximately $15.4 million, with expected net cash proceeds of approximately $8.2 million and an accounting profit of approximately $0.6 million to be recorded in the third quarter financial results.
- This transaction reduced the average age of United's fleet by approximately 3 years to 12.7 years and increased cash reserves to over $20.0 million, or $2.20 per share.
Sep 30, 2025, 1:05 PM
Quarterly earnings call transcripts for United Maritime.
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