The earnings call presented a mixed sentiment. Seanergy Maritime highlighted strategic fleet expansions, successful refinancing, and improved operational efficiency, reflecting a positive outlook and long-term confidence in the Capesize market. However, the company faced challenges with a net loss, revenue decline, and temporary market corrections in the first quarter. Despite these challenges, the overall tone suggested optimism for future profitability and market recovery.

Company Guidance -

Q3 2025

In the first quarter of 2025, Seanergy Maritime Holdings Corp. reported a revenue of $24.2 million, EBITDA of $6.6 million, and a net loss of $6.8 million, alongside a cash balance of $31 million. Despite a softer earnings environment, the company declared a dividend of $0.05 per common share, reflecting their commitment to shareholder returns. The company maintained a daily time charter equivalent (TCE) of $13,400, outperforming the Baltic Capesize Index by approximately 3%. Looking ahead, Seanergy provided guidance for Q2 with an expected TCE of about $19,100, supported by forward freight agreement (FFA) hedging, while 39% of Q2 operating days are hedged at an average rate of approximately $22,700. Additionally, Seanergy completed $88.1 million in refinancing transactions, reducing debt maturities for the next four quarters and positioning the company for capital returns and market opportunities. The strategic acquisition of two Japanese-built vessels, financed through a mix of cash and bank financing, aligns with their focus on modern, fuel-efficient tonnage. Seanergy is optimistic about long-term Capesize market fundamentals, driven by constrained vessel supply growth and steady demand for dry bulk commodities.

Strategic Fleet Expansion

Seanergy took delivery of two high-quality Japanese-built Capesize vessels, the Blue Ship and the May Ship, both employed under favorable contracts, aligning with the company's focus on modern, fuel-efficient tonnage.

Successful Refinancing Transactions

Completed transactions totaling $88.1 million to refinance existing debt and fund new acquisitions, removing all debt maturities for the next four quarters and improving financial flexibility.

Improved Operational Efficiency

Achieved a 7% reduction in daily operating expenses year-over-year, enhancing operational efficiency and financial resilience.

Positive Market Outlook

Capesize daily charter rates rebounded from $6,000 to $23,000 within the quarter, with long-term fundamentals supported by constrained vessel supply and resilient demand.

Strategic Hedging and Coverage

About 39% of Q2 operating days hedged at $22,700, and one-third of available days throughout the year secured at rates exceeding $22,000, ensuring profitable cash flows.

Seanergy Maritime (SHIP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SHIP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	0.51 / -	0.69	―	―	―
Aug 05, 2025	2025 (Q2)	0.13 / 0.18	0.77	-76.62% (-0.59)	―
May 27, 2025	2025 (Q1)	-0.45 / -0.27	0.57	-147.37% (-0.84)	―
Mar 06, 2025	2024 (Q4)	0.26 / 0.34	0.58	-41.38% (-0.24)
Nov 05, 2024	2024 (Q3)	0.63 / 0.69	-0.14	592.86% (+0.83)	―
Aug 06, 2024	2024 (Q2)	0.62 / 0.77	0.18	327.78% (+0.59)
May 15, 2024	2024 (Q1)	0.29 / 0.57	-0.02	2950.00% (+0.59)	―
Mar 15, 2024	2023 (Q4)	0.35 / 0.58	0.05	1060.00% (+0.53)
Nov 14, 2023	2023 (Q3)	-0.24 / -0.14	0.4	-135.00% (-0.54)	―
Aug 02, 2023	2023 (Q2)	0.02 / 0.18	0.4	-55.00% (-0.22)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SHIP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$6.95	$7.28	+4.75%
May 27, 2025	$5.97	$6.26	+4.86%
Mar 06, 2025	$6.75	$6.91	+2.37%
Nov 05, 2024	$8.74	$9.23	+5.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Seanergy Maritime Holdings Corp (SHIP) report earnings?

Seanergy Maritime Holdings Corp (SHIP) is schdueled to report earning on Nov 19, 2025, After Close (Confirmed).

What is Seanergy Maritime Holdings Corp (SHIP) earnings time?

Seanergy Maritime Holdings Corp (SHIP) earnings time is at Nov 19, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SHIP EPS forecast?

SHIP EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing