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

United Maritime (NASDAQ:USEA) issued its quarterly earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.12, FiscalAI reports. The firm had revenue of $9.99 million for the quarter, compared to analyst estimates of $9.80 million. United Maritime had a positive return on equity of 0.18% and a negative net margin of 4.90%.

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 3.5%

NASDAQ USEA traded down $0.09 during trading on Friday, hitting $2.61. The stock had a trading volume of 96,912 shares, compared to its average volume of 67,956. The company has a market capitalization of $24.86 million, a PE ratio of -13.15 and a beta of 0.81. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average price of $2.60 and a 200 day moving average price of $2.22. United Maritime has a twelve month low of $1.42 and a twelve month high of $2.82.

United Maritime Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 15.3%. The ex-dividend date is Friday, September 25th. United Maritime’s dividend payout ratio (DPR) is -200.00%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in United Maritime stock. Elevation Point Wealth Partners LLC acquired a new stake in United Maritime Corporation (NASDAQ:USEA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,250 shares of the company’s stock, valued at approximately $56,000. Elevation Point Wealth Partners LLC owned approximately 0.37% of United Maritime as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.63% of the company’s stock.

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.