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 (USEA) provides comprehensive dry bulk shipping solutions through its diversified fleet operations. This news hub offers investors and industry stakeholders direct access to the company's official announcements and market-relevant developments.
Find timely updates on earnings reports, fleet expansions, and strategic partnerships that shape USEA's position in global maritime trade. Our curated collection includes press releases on charter agreements, operational milestones, and management insights critical for assessing the company's market performance.
All content is organized to help users efficiently track USEA's navigation of freight market dynamics and commodity demand trends. Bookmark this page for streamlined access to verified updates about vessel deployments, financial disclosures, and industry-specific developments affecting the company's operations.
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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