United Maritime Corporation (USEA, Financial) announced a first-quarter revenue of $7.8 million for 2025, a decrease from $10.6 million in the same period last year. Despite challenging conditions in the dry bulk market impacting these results, USEA managed to achieve an EBITDA of $0.7 million, with a daily time charter equivalent of $9,953.
The company continues to demonstrate its commitment to shareholders by declaring a dividend of $0.01 for the quarter, marking the tenth consecutive payment. Since November 2022, USEA has distributed $1.62 per share in dividends.
On the operational front, USEA plans to finalize the sale of its oldest vessel, M/V Gloriuship, by the second quarter's end. This vessel, along with others like M/V Goodship and M/V Nisea, is currently performing above market rate, providing stability in upcoming quarters. The company has secured 79% of its second-quarter days at an average rate of $16,835 and projects the daily TCE for the entire quarter to be $15,653.
In a strategic move, USEA has increased its equity in the Energy Construction Vessel joint venture to 30%, aiming to diversify its earnings. The project capitalizes on demand in both traditional and renewable energy offshore markets. Despite near-term market volatility, USEA remains optimistic about the long-term fundamentals of the dry bulk market and its strategic positioning for growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for United Maritime Corp (USEA, Financial) is $3.50 with a high estimate of $3.50 and a low estimate of $3.50. The average target implies an upside of 166.16% from the current price of $1.32. More detailed estimate data can be found on the United Maritime Corp (USEA) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, United Maritime Corp's (USEA, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for United Maritime Corp (USEA, Financial) in one year is $2.61, suggesting a upside of 98.48% from the current price of $1.315. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the United Maritime Corp (USEA) Summary page.
