The earnings call reflected a mixed sentiment with notable achievements in fleet optimization, dividends, and new market entry. However, reduced net revenue, dividend cuts, and a net loss for the year highlight significant challenges. Despite these, there is optimism about future market conditions and strategic positioning.

Company Guidance -

Q2 2025

During the conference call, United Maritime Corporation provided guidance on several financial and operational metrics for the fourth quarter and full year of 2024. The company reported a net revenue of $10.8 million for Q4 2024, down from $11.6 million in Q4 2023, with a daily time charter equivalent (TCE) of $14,250 compared to $15,874 the previous year. Despite a temporary slowdown in coal and iron ore exports impacting performance, the company declared total dividends of $0.235 per share for 2024, with a reduced dividend of $0.01 per share for Q4. United Maritime successfully addressed all upcoming debt maturities until Q4 2026 and repurchased about 450,000 shares, representing approximately 5% of outstanding common shares. The share repurchase program was extended by 12 months, with $1.9 million remaining available, potentially covering an additional 11% of outstanding shares. Looking ahead, the company expects a first quarter 2025 TCE of approximately $10,300 with 94% of operating days already invoiced, and anticipates higher TCE rates for the subsequent quarters of 2025. Additionally, United Maritime's strategic fleet developments included the sale of older vessels and reinvestment in newer, high-quality Japanese-built ships, ensuring compliance with evolving regulations. The company also highlighted its entry into the offshore market with an equity stake in an energy construction vessel, expected to complete in 2027, and spoke optimistically about the long-term fundamentals of the dry bulk market, despite current volatility.

Successful Strategic Fleet Development

United Maritime optimized its fleet by selling older vessels and acquiring newer, high-quality Japanese-built ships, enhancing the fleet's compliance with environmental regulations.

Strong Dividends and Share Repurchase Program

Declared a total of $0.235 dividends per share for 2024 and repurchased about 2% of outstanding shares. Extended share repurchase program by 12 months with $1.9 million remaining.

Offshore Market Entry

Acquired an equity stake in an energy construction vessel with expected completion in 2027, aligning with growing demand for offshore infrastructure.

Improved EBITDA

Adjusted EBITDA for Q4 2024 increased by 11% compared to 2023, indicating improved operating leverage.

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
Jul 31, 2025	2025 (Q2)	-0.14 / -	0.09	―	―	―
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)	―	―
May 18, 2023	2023 (Q1)	- / -0.64	―	―	―	―

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
Jul 31, 2025	$1.58	$1.57	-0.63%
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 Jul 31, 2025, Before Open (Confirmed).

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

United Maritime Corp. (USEA) earnings time is at Jul 31, 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 (Q2) is -0.14.

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