The earnings call presented a positive outlook with increased net income and strategic investments, particularly in the offshore sector. While there was a decline in first half revenue and challenges in the Panamax market, the company's proactive measures in vessel sales and investments, along with a dividend declaration, indicate confidence in future performance.

Company Guidance -

Q3 2025

During the United Maritime Corporation's second quarter earnings call for the period ended June 30, 2025, significant guidance metrics were discussed. The company achieved net revenues of $12.5 million, an EBITDA of $5.9 million, and a net income of approximately $1 million. Their net daily Time Charter Equivalent (TCE) improved to $15,400, a notable increase from the first quarter. Looking ahead to the third quarter, United Maritime projected a TCE of around $14,700, with 68% of their operating days fixed at $15,500 per day. The company also expects to have all vessels on index-linked charters in the fourth quarter for full market exposure. Additionally, United Maritime plans to deploy proceeds from the sale of older vessels towards capital returns and fleet renewal, with anticipated liquidity from these sales totaling around $17.9 million after debt repayments. The company declared a $0.03 per share cash dividend for the second quarter, continuing their policy of returning capital to shareholders, with over $1.6 per share in dividends paid since 2023. Meanwhile, their investment in an offshore energy construction vessel increased to $10.4 million, reflecting a 32% equity stake, with expectations of high returns due to limited new capacity in the niche market.

Increased Net Income and EBITDA

Net income for the second quarter rose to $1 million, up from $0.7 million in the prior year. Adjusted EBITDA for the quarter was $5.1 million, demonstrating improved profitability.

Successful Vessel Sales

The sale of the 2004 built Gloriuship was completed for $15 million, and the 2006 built Tradership was agreed to be sold for $17.8 million. These sales are expected to generate $17.9 million in net liquidity after debt repayments and a book profit of about $1.5 million from the Tradership sale in Q3.

Dividend Declaration

A $0.03 per share cash dividend was declared for the second quarter, consistent with the company's capital return policy.

Strategic Offshore Investment

Increased ownership stake in a newbuilding energy construction vessel, with a total investment reaching $10.4 million. This marks a significant step in offshore investment strategy.

Improvement in Dry Bulk Market

Rebound in the dry bulk market observed, with Baltic Kamsarmax Index averaging $11,800 in Q2, up from $9,600 in Q1, and Baltic Capesize Index at $18,600 in Q2, up from $13,000 in Q1.

United Maritime Corp. (USEA) 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 >

USEA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	-0.15 / -	-0.03	―	―	―
Aug 06, 2025	2025 (Q2)	-0.14 / 0.02	0.09	-77.78% (-0.07)	―
May 22, 2025	2025 (Q1)	-0.53 / -0.50	-0.15	-233.33% (-0.35)	―	―
Mar 18, 2025	2024 (Q4)	-0.41 / -0.08	-0.083	3.61% (<+0.01)	―
Nov 26, 2024	2024 (Q3)	-0.12 / -0.03	0.997	-103.01% (-1.03)	―	―
Aug 06, 2024	2024 (Q2)	0.17 / 0.09	-0.342	126.32% (+0.43)	―
May 16, 2024	2024 (Q1)	- / -0.15	-0.637	75.82% (+0.48)	―	―
Feb 20, 2024	2023 (Q4)	- / -0.08	4.86	-101.71% (-4.94)	―	―
Nov 15, 2023	2023 (Q3)	- / 1.00	-0.052	2017.31% (+1.05)	―	―
Aug 03, 2023	2023 (Q2)	- / -0.34	-0.052	-557.69% (-0.29)	―	―

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

USEA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$1.57	$1.58	+0.64%
May 22, 2025	$1.31	$1.27	-3.05%
Mar 18, 2025	$1.85	$1.62	-12.43%
Nov 26, 2024	$1.98	$1.88	-5.05%

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 United Maritime Corp. (USEA) report earnings?

United Maritime Corp. (USEA) is schdueled to report earning on Nov 12, 2025, Before Open (Confirmed).

What is United Maritime Corp. (USEA) earnings time?

United Maritime Corp. (USEA) earnings time is at Nov 12, 2025, Before Open (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 USEA EPS forecast?

USEA EPS forecast for the fiscal quarter 2025 (Q3) is -0.15.

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