United Maritime Corporation Stock Price, News & Analysis

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) reported its Q1 2025 financial results with net revenues of $7.8 million, down from $10.6 million in Q1 2024. The company posted a net loss of $4.5 million compared to a $1.3 million loss in Q1 2024. The fleet's Time Charter Equivalent (TCE) rate decreased to $9,953 per day from $15,165 in Q1 2024. Despite weaker results, United declared a quarterly dividend of $0.01 per share, marking its tenth consecutive distribution. The company increased its stake in an Energy Construction Vessel joint venture to 30%, advancing its diversification strategy. For Q2 2025, United has secured 79% of days at an average rate of $16,835, expecting a full quarter TCE of approximately $15,653. The company maintains a fleet of eight vessels with a total capacity of 922,072 DWT.

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

United Maritime (NASDAQ: USEA) has scheduled its fourth quarter and full-year 2024 financial results announcement for Tuesday, March 18, 2025, before the New York market opens. The company will host a conference call and webcast on the same day at 09:00 a.m. Eastern Time to discuss the results.

Management will conduct a live webcast accessible through the company's website, with an archived version available afterward in the Investors section. Participants are advised to register approximately 10 minutes before the webcast starts. The company also offers a phone-based option for the conference call, with a registration system allowing participants to either select from provided numbers or input their own for automatic callback.

United Maritime (NASDAQ: USEA) has announced three significant developments: First, the sale of its oldest Capesize vessel, M/V Gloriuship, for approximately $15.0 million, with delivery expected by mid-July 2025. The sale will enhance the Company's cash reserves by about $7.0 million after debt repayment.

Second, the Company has extended its existing $3.0 million share repurchase program through December 31, 2025, with approximately $1.9 million still available for repurchases. To date, about $1.1 million in buybacks have been completed.

Third, United Maritime has expanded its AI technology implementation by integrating the M/V Synthesea into the DeepSea Technologies Platform, which provides AI-driven solutions for real-time monitoring and optimization of energy consumption, fuel usage, and performance.

United Maritime (NASDAQ: USEA) reported Q3 2024 financial results with net revenues of $11.6 million and a net loss of $0.9 million. The company declared a quarterly cash dividend of $0.075 per share, marking its eighth consecutive quarterly distribution. Key developments include fleet enhancement with a 2016-built Kamsarmax vessel acquisition, share buybacks worth $0.4 million in Q3, and securing $48.3 million in financings year-to-date. The fleet's Time Charter Equivalent rate was $16,365 per day in Q3 2024, with cash and equivalents standing at $11.4 million and shareholders' equity at $62.5 million as of September 30, 2024.

United Maritime (NASDAQ: USEA) has announced it will release its financial results for the third quarter and nine months ended September 30, 2024. The results will be published before the market opens in New York on Tuesday, November 26, 2024.