Q2 2026 United Maritime Corp Earnings Call Transcript

Jul 30, 2026 / 04:00 PM GMT

Release Date Price: $2.7 (+7.14%)

Transcript

Key Points

Positve

Adjusted EBITDA increased by 40% year-over-year to $8.4 million in the first half of 2026.
Fleet time charter equivalent (TCE) rose 35% to $17,200 per day in the first half of 2026.
Declared 15th consecutive quarterly dividend, with an annualized yield of approximately 16%.
Strategic fleet repositioning towards capesize vessels is driving stronger earnings and cash flow.
Generated $15.1 million in liquidity from monetizing an offshore investment, enhancing financial flexibility.

Negative

Net revenues declined to $10 million in Q2 2026 from $12.4 million in Q2 2025 due to fewer ownership days.
Fleet repositioning led to temporary reduction in ownership days, impacting top-line revenue.
Total debt stood at $95.4 million as of June 30, 2026, indicating significant leverage.
Dependence on favorable dry bulk market conditions, which are subject to volatility and uncertainty.
Sale of a Panamax vessel (XLXC) reduces fleet diversity and may limit exposure to Panamax market gains.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

USEA.OQ - United Maritime Corp
Q2 2026 United Maritime Corp Earnings Call
Jul 30, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by, ladies and gentlemen, and welcome to the United Maritime Corporation conference call on the second quarter and first half ended June 30, 2026 financial results.

We have with us today Mr. Stamatis Santanas, Chairman and CEO, and Mr. Stavros Givtsakis, Chief Financial Officer of United Maritime Corporation. At this time, all participants are in a listen-only mode. There will be a question-and-answer session at which time if you would like to ask a question, please press *11 on your telephone keypad and you will then hear an automated message advising your hand is raised.

Please be advised that this conference call is being recorded today, Thursday, July 30, 2026.

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