United Maritime (NASDAQ:USEA) Releases Earnings Results, Beats Estimates By $0.12 EPS

United Maritime (NASDAQ:USEA) announced its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.12, FiscalAI reports. United Maritime had a negative net margin of 5.07% and a positive return on equity of 2.27%. The business had revenue of $9.99 million for the quarter, compared to the consensus estimate of $9.80 million.

Here are the key takeaways from United Maritime’s conference call:

• Profitability improved materially: second-quarter adjusted EBITDA was $5.2 million and adjusted net income was $1.5 million, while first-half adjusted EBITDA rose approximately 40% to $8.4 million and the company returned to profitability.
• Fleet repositioning is progressing: United is shifting toward higher-earning Capesize vessels, took delivery of the Squireship in June, and agreed to sell the Panamax vessel Exelixsea for an expected gain of approximately $1.8 million.
• Forward earnings visibility strengthened: third-quarter TCE is expected to reach approximately $20,500 per day, with about 70% of operating days fixed; management is also evaluating additional 2027 coverage.
• Liquidity and shareholder returns remain priorities: monetizing the offshore project generated $15.1 million, while the Exelixsea sale is expected to add $8.5 million in net proceeds; the board declared a $0.10 quarterly dividend, the company’s 15th consecutive distribution.
• Management expects supportive dry-bulk fundamentals, particularly in Capesize shipping, citing strong iron ore, bauxite and coal demand alongside limited fleet growth, but acknowledged uncertainty around future coal volumes and broader market conditions.

United Maritime Trading Down 2.6%

Shares of NASDAQ USEA traded down $0.07 on Friday, reaching $2.63. 108,335 shares of the company traded hands, compared to its average volume of 42,664. The stock has a market capitalization of $25.09 million, a PE ratio of -13.15 and a beta of 0.81. United Maritime has a fifty-two week low of $1.42 and a fifty-two week high of $2.82. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $2.60 and a 200 day moving average of $2.22.

United Maritime Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.2%. United Maritime’s dividend payout ratio is currently -200.00%.

Institutional Investors Weigh In On United Maritime

An institutional investor recently raised its stake in United Maritime stock. Renaissance Technologies LLC grew its stake in shares of United Maritime Corporation (NASDAQ:USEA) by 638.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,300 shares of the company’s stock after buying an additional 65,100 shares during the period. Renaissance Technologies LLC owned 0.82% of United Maritime worth $128,000 as of its most recent SEC filing. 1.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded United Maritime from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, United Maritime currently has an average rating of “Sell”.

About United Maritime

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.