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United Maritime Corp. (USEA)
NASDAQ:USEA
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.53Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: -29.41%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
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
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.
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USEA 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
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USEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 18, 2025 | $1.87 | $1.63 | -12.83% |
| Nov 26, 2024 | $1.99 | $1.90 | -4.52% |
| Aug 06, 2024 | $2.22 | $2.24 | +0.90% |
| May 16, 2024 | $2.32 | $2.36 | +1.72% |
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.
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FAQ
When does United Maritime Corp. (USEA) report earnings?
United Maritime Corp. (USEA) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is United Maritime Corp. (USEA) earnings time?
United Maritime Corp. (USEA) earnings time is at May 15, 2025, TBA Not 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 (Q1) is -0.53.
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