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) 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Management will conduct a live webcast accessible through the company's website, with an archived version available afterward in the Investors section.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.
United Maritime (NASDAQ: USEA) reported its Q2 2024 and H1 2024 financial results, showing significant improvements. Q2 2024 net revenues were $12.4 million, up from $10.0 million in Q2 2023. The company achieved a net income of $0.7 million compared to a net loss of $3.0 million in the same quarter last year. Adjusted EBITDA increased to $6.3 million from $2.0 million.
For H1 2024, net revenues reached $23.0 million, a notable rise from $12.8 million in H1 2023. Although the company reported a net loss of $0.7 million, it is a significant improvement from the $7.9 million net loss in H1 2023. Adjusted EBITDA for H1 2024 was $10.0 million, up from $0.6 million.
United Maritime declared a quarterly dividend of $0.075 per share, marking its seventh consecutive dividend. The company also highlighted new investment initiatives, including a minority investment in an offshore energy construction vessel project and participation in a tanker time-charter agreement.
United Maritime (NASDAQ: USEA) has announced the release date for its Q2 and H1 2024 financial results. The company will publish its earnings before the market opens on Tuesday, August 6, 2024. Following the release, United's senior management will host a conference call and webcast at 12:00 p.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can access the live webcast through the company's website. Participants are advised to register approximately 10 minutes before the webcast starts. For those unable to attend the live event, an archived version will be available in the Investors section of United's website. Additionally, a conference call option is provided, with participants having the choice to register using a provided link or add their phone number for an immediate callback.
United Maritime reported its Q1 2024 financial results, showing a net revenue increase to $10.6 million from $2.8 million in Q1 2023. The company reduced its net loss to $1.3 million from $4.9 million, and its adjusted EBITDA improved to $3.7 million from a negative $1.5 million. United declared a quarterly cash dividend of $0.075 per share. The company also announced fleet developments, including the acquisition of a 2016-built Japanese Kamsarmax and the profitable sale of a 2010-built Chinese Kamsarmax. Additionally, United secured an $18 million sale and leaseback arrangement, contributing to total financings of $31.8 million year-to-date. As of March 31, 2024, United's cash equivalents stood at $9.8 million, shareholders' equity at $64 million, and long-term debt at $93.5 million. The company forecasts a favorable market outlook for its mixed fleet of Panamax and Capesize vessels.
United Maritime (NASDAQ: USEA) has announced the release date for its financial results for the first quarter ended March 31, 2024. The results will be disclosed on Friday, May 24, 2024, before the market opens in New York. United Maritime is a company based in Glyfada, Greece, and this announcement was made on May 21, 2024.
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