Seanergy Marine reports Q2 adjusted EPS 18c, consensus 9c

Reports Q2 revenue $37.479M, consensus $35.76M. Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “Despite a volatile start to 2025, Seanergy returned to profitability in the second quarter, thanks to a stronger Capesize market and our strategic hedging activities. With a fleet of 21 Capesize vessels and a modest loan-to-value ratio of approximately 50%, we are well-positioned to capitalize on favorable market fundamentals. Our board of directors has declared a discretionary dividend of $0.05 per share under our dividend policy, our 15th consecutive quarterly distribution, reflecting our healthy balance sheet and the positive market direction. We are optimistic about enhancing shareholder rewards in the seasonally stronger second half of the year.”