Welcome to our dedicated page for United Maritime Corporation news (Ticker: USEA), a resource for investors and traders seeking the latest updates and insights on United Maritime Corporation stock.
United Maritime Corporation (NASDAQ: USEA) is an international dry bulk shipping company that regularly publishes detailed updates on its operations, fleet and financial performance. This news page aggregates the company’s press releases and market announcements, giving readers a centralized view of USEA news related to deep sea freight transportation and dry bulk shipping.
According to its public communications, United reports quarterly and annual financial results, including net revenues, net income or loss, EBITDA, Adjusted EBITDA and Time Charter Equivalent (TCE) rates. These releases often discuss fleet utilization, daily vessel operating expenses and changes in fleet composition. Investors following USEA news can see how the company’s Capesize, Kamsarmax and Panamax vessels are employed under time charters or in the spot market and how these arrangements affect operating days and TCE performance.
United’s news flow also covers corporate actions and capital allocation decisions. The company has announced a series of consecutive quarterly cash dividends under its capital return program, as well as share repurchases executed under an authorized buyback plan. Press releases describe fleet optimization steps, such as the sale of older Capesize vessels like M/V Gloriuship, M/V Goodship and M/V Tradership, and the resulting impact on fleet age and capacity.
Beyond core dry bulk operations, USEA news includes updates on its offshore Energy Construction Vessel investment and its pre-seed investment in an AI-driven maritime technology platform aimed at ship management. Readers can also find notices about upcoming earnings releases, conference calls and webcasts, along with links referenced in the company’s announcements. For anyone tracking USEA, this page provides an organized view of historical and recent company disclosures.
United Maritime (NASDAQ: USEA) executed coordinated transactions on Feb 17, 2026 that are expected to materially improve earnings and free cash flow. The company will sell its ECV JV stake for ~€13.0 million (realising ~€1.7 million profit), sell M/V Cretansea for $14.7 million (net cash ~ $6.0 million), and took an 18-month bareboat charter for a 181,453 dwt Capesize with a $5.5 million down payment, $9,450/day rate, and a $22.1 million purchase obligation. Total released liquidity is estimated at approximately $15.5 million, with proceeds targeted for redeployment and shareholder returns.
United Maritime (NASDAQ: USEA) reported Q3 2025 results and declared a $0.09 quarterly dividend (12th consecutive). Q3 net revenues were $11.0M and net income was $1.1M (adjusted net income $1.6M); Q3 adjusted EBITDA was $5.4M. Nine‑month net revenues were $31.2M with a $2.4M net loss and adjusted EBITDA of $11.4M. Fleet TCE was $15,093/day in Q3 and $13,436/day for 9M.
Liquidity: cash and restricted cash $20.1M; sale of two Capesize vessels released $18.8M after debt repayment. Company increased ECV investment to $12.8M and made a $0.5M pre‑seed AI investment.
United Maritime (NASDAQ: USEA) will release its financial results for the third quarter and nine months ended September 30, 2025 on Tuesday, November 11, 2025.
The company said the results will be published prior to the open of market in New York on that date. Investors can expect an earnings release covering Q3 2025 and nine months-to-date performance.
United Maritime (NASDAQ: USEA) has completed the sale of its oldest Capesize vessel, M/V Goodship, marking the final step in its strategic exit from vintage tonnage. The 177,536 dwt vessel, built in 2005, was sold to Far Eastern buyers for $15.4 million, generating net cash proceeds of $8.2 million and an accounting profit of $0.6 million.
This sale, following the previous divestments of M/V Gloriuship and M/V Tradership, has reduced the company's fleet average age by 3 years to 12.7 years. United now maintains strong cash reserves of over $20.0 million ($2.20 per share), positioning itself for future capital returns and strategic fleet growth.
United Maritime (NASDAQ:USEA) reported Q2 2025 financial results with net revenues of $12.5 million, slightly up from $12.4 million in Q2 2024. The company achieved a net income of $1.0 million compared to $0.7 million in the same period last year.
Key operational metrics include a Q2 2025 TCE rate of $15,421 per day, representing a 55% increase from Q1 2025 but down from $17,143 in Q2 2024. The company declared a quarterly dividend of $0.03 per share, marking its 11th consecutive quarterly distribution.
Strategic developments include the sale of two older vessels expected to release $17.9 million in liquidity after debt repayment, and an increased equity stake in an offshore Energy Construction Vessel project to approximately 32%. The company's fleet book value stood at $134.6 million as of June 30, 2025.
United Maritime (NASDAQ: USEA) has scheduled its Q2 and H1 2025 financial results announcement for Wednesday, August 6, 2025, before the New York market opens.
The company will host a conference call and webcast with senior management on the same day at 9:00 a.m. Eastern Time to discuss the results. Investors can access the live and archived webcast through the company's website, with participants advised to register approximately 10 minutes before the webcast begins.
United Maritime Corporation (NASDAQ: USEA) has scheduled the release of its first quarter 2025 financial results for Thursday, May 22, 2025, before the market opens in New York. The results will cover the financial period ending March 31, 2025.
United Maritime (NASDAQ: USEA) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report is now publicly available and can be accessed through the company's website at www.unitedmaritime.gr in the 'Investors' section under 'Annual Reports'.
United Maritime (NASDAQ: USEA) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 net revenues decreased to $10.8 million from $11.6 million in Q4 2023, with a net loss of $1.8 million. The company's TCE rate declined to $14,248 per day from $15,874 in Q4 2023.
For full-year 2024, net revenues increased to $45.4 million from $36.1 million in 2023, though the company recorded a net loss of $3.4 million compared to a net income of $0.2 million in 2023. Adjusted EBITDA improved to $20.3 million from $18.9 million.
Key developments include:
- Declaration of $0.01 quarterly dividend for Q4 2024
- Secured $48.3 million in financing during 2024
- Sale agreement for M/V Gloriuship (2004-built Capesize) for approximately $15.0 million
- Fleet optimization with acquisition of a 2016-built Kamsarmax vessel
- Cash position of $6.8 million and shareholders' equity of $60.1 million as of December 31, 2024