EUROSEAS LTD
We are pleased to report our Q2 and first half 2026 results and declare quarterly common stock dividend!
Q2 2026 highlights:
– Total net revenues of $56.5 million.
– Adjusted net income attributable to controlling shareholders of $32.9 million, or $4.73 and $4.70 adjusted basic and diluted EPS, respectively.
– Adjusted EBITDA of $40.1 million.
– Quarterly dividend $0.80 per share.
– An average of 21.0 vessels were owned and operated during the second quarter of 2026 earning an average time charter equivalent rate of $30,306 per day.
First Half 2026 highlights:
– Total net revenues of $112.3 million.
– Adjusted net income attributable to controlling shareholders of $65.8 million.
– Adjusted basic and diluted EPS attributable to controlling shareholders was $9.45 and $9.40, respectively
– Adjusted EBITDA of $81.0 million.
– An average of 21.0 vessels were owned and operated during the first half of 2026 earning an average time charter equivalent rate of $30,330 per day.
Aristeidis Pittas, Chairman and CEO of Euroseas commented: “We are pleased to report financial results for the second quarter of 2026 at par with the first quarter of the year, making these two of our most profitable consecutive quarters of the last fifteen years. Solid contracts at highly profitable rates, combined with low drydocking expenses, as in the previous quarter, were the main factors supporting our strong financial results.”
Read more https://www.euroseas.gr/investor-relations/press-releases.html
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