Welcome to our dedicated page for Euroseas SEC filings (Ticker: ESEA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Euroseas Ltd. (NASDAQ: ESEA) files reports with the U.S. Securities and Exchange Commission as a foreign private issuer incorporated in the Republic of the Marshall Islands. Its SEC filings, including annual reports on Form 20-F and current reports on Form 6-K, provide detailed information on the company’s operations as an owner and operator of container carrier vessels and a provider of seaborne transportation for containerized cargoes.
Through these filings, Euroseas discloses financial statements and key performance metrics relevant to its container shipping business. Selected consolidated financial data in its Form 6-K reports include time charter revenue, voyage expenses, vessel operating expenses, drydocking expenses, related party management fees, vessel depreciation, and general and administrative expenses. The company also presents non-GAAP measures such as Adjusted EBITDA, Adjusted net income, and Adjusted earnings per share, with reconciliations to the most directly comparable GAAP measures.
Euroseas’ filings contain fleet and operating data such as the number of vessels, calendar days, available days, voyage days, utilization rates, and time charter equivalent (TCE) rates. These disclosures show how many feeder and intermediate containerships the company operates, their aggregate teu capacity, and how the fleet is employed over time. Fleet profile tables list individual vessels, their type, capacity, year built, and time charter employment details, including earliest redelivery dates and daily TCE rates.
In addition, the company uses its Form 6-K reports to furnish press releases covering quarterly and interim results, charter contracts, vessel sales, newbuilding orders, dividends, and share repurchase activity. These documents describe events such as the sale of M/V Marcos V, the ordering of additional 4,300 teu newbuildings, and the spin-off of certain subsidiaries into Euroholdings Ltd., as well as the associated financial impacts.
On this SEC filings page, users can access Euroseas’ regulatory disclosures and, with AI-powered summaries, quickly understand the main points of lengthy documents. Filings related to quarterly and annual results, charter coverage, capital structure, and fleet development help investors analyze ESEA’s container shipping business, its use of time charters and pool arrangements, and its reported financial condition over time.
Euroseas Ltd. has secured a new time charter for its 2007-built 1,740 TEU feeder containership Spetses for a minimum of 22 to a maximum of 24 months at a gross daily rate of $21,500. The new charter starts on April 12, 2026, in direct continuation of the current contract and represents a daily increase of over $3,000 versus the vessel’s existing rate.
The company expects the Spetses charter to generate about $8.9 million of EBITDA over the minimum contracted period and states that it raises charter coverage to about 87% for 2026, 71% for 2027, and 41% for 2028. Euroseas currently operates 21 container vessels with total capacity of 61,144 TEU, and after four new intermediate containership deliveries in 2027–2028, the fleet is projected to reach 25 vessels with 79,080 TEU of capacity.
Euroseas Ltd. (ESEA) reported another strong quarter for container shipping in Q3 2025. Total net revenues were $56.9 million, up 5.1% from the same period in 2024, while net income rose to $29.7 million. Basic earnings per share were $4.27, and adjusted basic earnings per share were $4.26, reflecting adjusted net income of $29.6 million. Adjusted EBITDA increased to $38.8 million from $36.1 million a year earlier.
For the first nine months of 2025, net revenues reached $170.5 million and net income $96.5 million, with adjusted EBITDA of $115.2 million, all higher than in 2024. The fleet operated an average of 22–23 vessels with very high utilization around 99.7–99.9% and a time charter equivalent rate of about $28,700–$29,300 per day.
The company declared a $0.70 per share quarterly dividend and has repurchased 466,374 shares for about $10.5 million. It sold the M/V Marcos V for approximately $50.0 million, recording a gain of about $9.3 million, and highlighted multi-year forward charters for M/V Synergy Oakland and four newbuildings that management estimates will generate at least $183 million of EBITDA over their minimum charter periods, significantly increasing revenue visibility through 2032.
Euroseas Ltd. filed an amended Form 6-K/A to correct an administrative error. The company states the amendment makes no changes to the previously provided Management’s Discussion and Analysis and unaudited interim condensed consolidated financial statements for the six‑month period ended June 30, 2025, or to the related interactive data file.
Euroseas Ltd. (ESEA) reported stronger first‑half results. For the six months ended June 30, 2025, time charter revenue reached $116.8 million, up from $108.6 million, and net income was $66.8 million with basic EPS of $9.63. Operating cash flow rose to $68.5 million.
The fleet expanded to an average of 22.83 vessels with utilization of 99.6% and an average TCE of $28,468/day. The company booked a $10.2 million gain from the sale of M/V Diamantis and agreed to sell M/V Marcos V for $50.0 million, completed on October 20, 2025. Cash, cash equivalents and restricted cash totaled $112.7 million at period end; total debt outstanding was $229.4 million.
Euroseas took delivery of two eco‑design newbuilds and, on July 29, 2025, contracted two additional 4,300 TEU vessels for $118.5 million. Previously contracted $120.5 million of two newbuilds had $102.4 million remaining payable. The company declared dividends of $0.65 per share in each of February and June 2025 and repurchased 40,925 shares for about $1.3 million. Future gross minimum time charter revenues totaled $393.2 million as of June 30, 2025. A spin‑off of three vessels to Euroholdings Ltd. distributed net assets of $17.33 million.
Euroseas Ltd. (ESEA) reported strong first-half 2025 results. Time charter revenue rose to $116.8 million as the fleet expanded to an average of 22.83 vessels, while average TCE was $28,468 per day. Operating income reached $73.9 million, aided by a $10.2 million gain on the sale of M/V “Diamantis.” Net income was $66.8 million, equal to basic EPS of $9.63. Operating cash flow increased to $68.5 million.
Liquidity improved: total cash and restricted cash were $112.7 million at June 30, 2025. Total assets were $662.1 million and shareholders’ equity was $403.0 million. Long-term debt outstanding was $229.4 million, with $21.2 million due in the next twelve months. The company declared two $0.65 dividends per share and repurchased 40,925 shares for about $1.3 million. Backlog remained sizable with $393.2 million of future minimum charter revenues. Strategic actions included two newbuilds delivered in January, plans to sell M/V “Marcos V” for $50.0 million (deposit of $5.0 million received), and two additional 4,300 TEU newbuild contracts signed on July 29, 2025 for approximately $118.5 million.
Euroseas Ltd. announced a new time charter for its 2006-built 1,740 TEU feeder containership M/V Jonathan P for a minimum 11-month to maximum 12-month term starting November 17, 2025, at a gross daily rate of $25,000, a $5,000/day increase versus the vessel's prior rate. The contract is expected to contribute about $5.65 million of EBITDA over the minimum contracted period and raises the company’s charter coverage to 100% for the remainder of 2025 and roughly 70% for 2026. Euroseas currently reports a 22-vessel fleet (15 Feeder and 7 Intermediate containerships) with combined capacity of 67,494 TEU; after the planned sale of M/V Marcos V and delivery of four intermediate newbuildings in 2027–2028 the fleet would total 25 vessels and 78,344 TEU. The release reiterates standard forward-looking statement cautions about risks and uncertainties.
Euroseas Ltd. ordered two additional 4,300 TEU eco intermediate containerships to be built at Jiangsu New Yangzi Shipbuilding in China for approximately $59.25 million each. The vessels are scheduled for delivery in March and May 2028 and will be financed with a combination of debt and equity. The company said these two ships are sisterships to vessels ordered in October 2024 and called the segment attractive due to a low orderbook and an ageing fleet. Euroseas reports a current fleet of 22 vessels (67,494 TEU) and expects the fleet to grow to 25 vessels (78,344 TEU) after the sale of M/V Marcos V and delivery of four intermediate newbuildings in 2027–2028. The release lists a TCE rate of $38,000/day for container carriers and includes standard forward-looking disclaimers.
Euroseas Ltd. (ESEA) Form 144 notice reports a proposed sale of 9,300 shares of common stock through La Salle St. Securities on NASDAQ, with an aggregate market value of $550,000 and approximately 7,006,612 shares outstanding. The filer indicates the shares were acquired through incentive stock awards awarded on 07/01/2023 (3,650 shares), 11/16/2023 (2,750 shares) and 07/01/2024 (2,900 shares). The filing also discloses a recent sale on 08/13/2025 of 850 shares for $47,217.50. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Euroseas Ltd. reported results for the quarter and six months ended June 30, 2025 showing continued profitability and strong cash generation. For Q2 2025 the company recorded $57.2 million of net revenues and $29.9 million of net income, or $4.32 basic EPS (Adjusted EPS $4.23). Adjusted EBITDA for the quarter was $39.3 million and the average TCE was $29,420/day across 22 vessels.
For the first half of 2025 net revenues were $113.6 million, net income $66.8 million ($9.63 basic EPS) and Adjusted EBITDA $76.4 million. The company declared a quarterly dividend of $0.70 per share, repurchased 463,074 shares for about $10.5 million under its $20 million program, and reported $112.7 million of cash versus $229.4 million of outstanding debt as of June 30, 2025. Fleet utilization remained ~99.9% and the fleet consisted of 22 vessels (67,494 TEU) with two newbuilds due Q4 2027.
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