United Maritime Corp. ( (USEA) ) has released its Q2 earnings. Here is a breakdown of the information United Maritime Corp. presented to its investors.
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United Maritime Corporation is an international shipping company specializing in the transportation of dry bulk goods. The company operates a fleet of vessels including Capesize, Kamsarmax, and Panamax types, and is known for its strategic fleet optimization and diversification efforts.
In its latest earnings report, United Maritime Corp. announced a quarterly cash dividend of $0.03 per share and highlighted its financial performance for the second quarter and first half of 2025. The company reported net revenues of $12.5 million for Q2 2025, a slight increase from the previous year, and a net income of $1.0 million, reflecting a year-over-year improvement.
Key financial metrics revealed that United Maritime’s adjusted EBITDA for Q2 2025 was $5.1 million, down from $6.3 million in Q2 2024. The company also completed the sale of its oldest Capesize vessel, M/V Gloriuship, and agreed to sell another vessel, M/V Tradership, which is expected to enhance liquidity by approximately $17.9 million. Additionally, United increased its equity stake in an offshore investment, consolidating its position in the energy construction vessel sector.
Looking ahead, United Maritime’s management remains optimistic about the company’s prospects, citing a positive momentum in the dry bulk market and strategic investments in the offshore sector. The company continues to focus on generating strong cash flows and providing consistent returns to shareholders, as evidenced by its ongoing dividend distributions.