Euroseas Ltd. Earnings Recaps
Q2 2026
Aug 15, 2026
Shares declined 0.9% following Euroseas’ Q2 results despite stable fundamentals, reflecting cautious investor sentiment amid no significant positive surprises or guidance updates to drive the stock higher.
Key takeaways
- Reported Q2 net revenues of $56.5 million and net income attributable to controlling shareholders of $33.2 million, or $4.74 per diluted share.
- Declared quarterly dividend of $0.80 per share, implying a 4.2% to 4.5% yield at current prices.
- Continued share repurchase program with 480,000 shares bought back since May 2022, totaling $11.4 million.
- Secured multi-year charters at attractive fixed daily rates (~$25,500) extending earnings visibility through early 2028.
- Fleet expansion on track with 12 newbuildings ordered for delivery 2027-2029, targeting a modern fleet with ~33 vessels and 97,000 TEU capacity.
Q1 2026
May 22, 2026
The stock rose 5.2% following the earnings release, reflecting investor approval of Euroseas’ strong forward charter coverage and disciplined fleet expansion strategy, which underpin revenue visibility and cash flow stability.
Key takeaways
- First quarter 2026 net revenues reached $55.84 million, with adjusted net income of $32.87 million ($4.70 per diluted share) and adjusted EBITDA near $41 million.
- The board approved a 6.7% increase in the quarterly dividend to $0.80 per share, yielding close to 5% annually based on the current share price.
- The company renewed its $20 million share repurchase program, having repurchased approximately 6.8% of outstanding shares since May 2022.
- Euroseas expanded its newbuilding program with four methanol-ready container ships and two reefer container ships, financing growth through a mix of equity and debt targeting 60-65% leverage.
- Forward coverage remains robust, with 96% of 2026 voyage days secured at an average daily rate of $30,150 and strong charter contracts extending into 2027 and 2028, supporting earnings stability amidst market volatility.
Q3 2025
Nov 18, 2025
Euroseas Ltd. delivered strong results in Q3 2025, reporting net revenues of $56.9 million and adjusted net income of $29.6 million, alongside a robust chartering strategy that promises enhanced future cash flows.
Key takeaways
- Declared a quarterly dividend of $0.70 per share, reflecting a commitment to returning capital to shareholders amid strong earnings.
- Completed the sale of motor vessel Marcos V for $50 million, generating a gain of $9.3 million.
- Secured 100% of available days for Q1 2025 at an average daily rate of approximately $30,345, ensuring high visibility for future revenues.
- Extended charters for two vessels, locking in rates of $25,000 and $33,500 per day, bolstering long-term profitability.
- Anticipates a fleet expansion from 21 to 25 vessels by 2028, increasing total capacity to approximately 78,300 TEU.