Profile
Sector:
IndustrialsIndustry:
Marine ShippingCountry:
GreeceIPO:
06 July 2022Website:
http://www.unitedmaritime.grNext earnings report:
N/ALast dividends:
27 September 2024Next dividends:
N/APrice
pre-market | 55 min agoAnalysts recommendations
Institutional Ownership
USEA Latest News
Earnings Release: Tuesday, November 26, 2024, Before Market Open in New York Earnings Release: Tuesday, November 26, 2024, Before Market Open in New York
United Maritime Corporation (NASDAQ:USEA ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Second Quarter and Six Months Ended the 30th of June 2024, Financial Results.
Highlights (in million USD except LPS) Q1 2024 Q1 2023 Net Revenues $10.6 $2.8 Net Loss ($1.3) ($4.9) Adjusted Net Loss1 ($1.1) ($3.7) EBITDA1 $3.5 ($2.7) Adjusted EBITDA1 $3.7 ($1.5) Loss per share Basic & Diluted ($0.15) ($0.64) Adjusted Loss per share Basic1 & Diluted1 ($0.13) ($0.48) Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q1 2024 Total cash dividends of $11.4 million, or $1.45 per share, declared since November 2022, representing approximately 46% of United's market capitalization 2 Agreement to acquire a 2016-built Japanese Kamsarmax 3 Agreement to sell a 2010-built Chinese Kamsarmax at a profit A new $18.0 million sale and leaseback arrangement – aggregate financings of $31.8 million year-to-date GLYFADA, Greece, May 24, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the first quarter ended March 31, 2024 and declared a quarterly dividend of $0.075 per share for the first quarter of 2024. For the quarter ended March 31, 2024, the Company generated Net Revenues of $10.6 million compared to $2.8 million in the first quarter of 2023.
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
Over the past twelve months, United Maritime has sold all of the tanker vessels acquired in July 2022 at an aggregate gain of $48 million. The company has shifted its focus back to the larger dry bulk vessel classes. Currently, the fleet consists of eight dry bulk carriers with an average age of 14.5 years. The recent rally in dry bulk charter rates should benefit United Maritime's Q4 results quite meaningfully thus providing support for the company's generous quarterly cash dividend of $0.075 per share.
United Maritime Corporation (NASDAQ:USEA ) Q2 2023 Earnings Call Transcript August 3, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Second Quarter Ended June 30, 2023, Financial Results.
What type of business is United Maritime?
United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.
What sector is United Maritime in?
United Maritime is in the Industrials sector
What industry is United Maritime in?
United Maritime is in the Marine Shipping industry
What country is United Maritime from?
United Maritime is headquartered in Greece
When did United Maritime go public?
United Maritime initial public offering (IPO) was on 06 July 2022
What is United Maritime website?
https://www.unitedmaritime.gr
Is United Maritime in the S&P 500?
No, United Maritime is not included in the S&P 500 index
Is United Maritime in the NASDAQ 100?
No, United Maritime is not included in the NASDAQ 100 index
Is United Maritime in the Dow Jones?
No, United Maritime is not included in the Dow Jones index
When was United Maritime the previous earnings report?
No data
When does United Maritime earnings report?
Next earnings report date is not announced yet