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Seanergy Maritime (SHIP)
NASDAQ:SHIP
Earnings Data
Report Date
May 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
-0.27Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook: the company reported strong 2025 financial results, high utilization, robust margins, conservative leverage (fleet LTV 43%, net LTV 34%), meaningful liquidity ($62.7M) and a disciplined fleet renewal plan (three eco newbuilds at ~$226M). Management emphasized continued capital returns (dividends $0.43 in 2025) and secured attractive financing for two newbuilds. Key risks highlighted include Capesize market volatility, elevated newbuilding/asset prices, aging fleet-driven drydock disruptions (fleet capacity reduction >1.5% in 2026–2027), and some disclosure gaps (EPS inconsistency and an unspecified near-term deployment amount). Overall, positives — including profitability, cash generation, and balance-sheet strength — outweigh the negatives, though the company remains exposed to cycle risk and execution of its capex plan.Company Guidance
Consecutive Profitability
Company reported its fifth consecutive year of profitability for 2025 with strong quarterly and full-year results (CEO: Q4 EPS $0.68 and FY EPS $1.28; CFO reported FY net income $21.2M). Management highlighted operating leverage from vessel appreciation since 2021.
Strong Q4 and Full-Year Financials
Q4 net revenue of $49.4M, adjusted EBITDA $28.9M and net income $12.5M. Full-year net revenue $168.1M, adjusted EBITDA $81.7M and net income $21.2M (CFO noted adjusted EBITDA materially above five-year average).
High Utilization and Attractive TCE
Fleet utilization exceeded 96% in 2025 despite an intense dry-dock schedule. Q4 time charter equivalent (TCE) ~ $26,600/day and full-year TCE ~ $20,937/day; management expects ~ $25,300/day for 2026 (based on FFA).
Robust Margins and Cash Generation
EBITDA margin approximately 50% and operating cash flow margin roughly 33%, supporting recurring cash flows for shareholder returns and fleet modernization.
Strong Balance Sheet and Liquidity
Cash and equivalents of $62.7M (~$3.1M per vessel). Fleet loan-to-value about 43% and net LTV ~34%. Total debt ~$294M with debt per vessel ~$14.7M vs average market value ~$34.1M (significant embedded equity).
Capital Returns to Shareholders
Declared total dividends of $0.43 per share in 2025 (including $0.20 in Q4). Since Q4 2021, returned approximately $96M to shareholders via dividends, buybacks and note repurchases.
Disciplined Fleet Renewal Programme
Secured three high-spec eco newbuildings (two Capesize, one Newcastlemax) at leading Chinese yards with deliveries between Q2 2027 and Q2 2028; combined contract cost ≈ $226M. Financing for two vessels already secured on attractive terms.
Improved Financing Metrics
Recent refinancings strengthened liquidity, lowered margins and extended maturities. Daily cash interest expense per vessel decreased ~6% year-over-year to ~$2,570/day.
Commercial Strategy and Forward Coverage
Balanced chartering approach combining index-linked exposure with selective forward fixtures: ~32% of available 2026 days fixed at average gross $27,300/day (subject to profit-sharing increases), supporting cash flow visibility while preserving upside.
SHIP Earnings History
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 |
|---|---|---|---|
Feb 17, 2026 | $11.51 | $12.66 | +9.99% |
Nov 13, 2025 | $8.68 | $9.10 | +4.90% |
Aug 05, 2025 | $6.81 | $7.13 | +4.68% |
May 27, 2025 | $5.86 | $6.14 | +4.83% |
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 (SHIP) report earnings?
Seanergy Maritime (SHIP) is schdueled to report earning on May 27, 2026, After Close (Confirmed).
What is Seanergy Maritime (SHIP) earnings time?
Seanergy Maritime (SHIP) earnings time is at May 27, 2026, 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 2026 (Q1) is 0.3.