United Maritime (NASDAQ:USEA) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

United Maritime (NASDAQ:USEA) released its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.12, FiscalAI reports. The firm had revenue of $9.99 million during the quarter, compared to the consensus estimate of $9.80 million. United Maritime had a positive return on equity of 0.18% and a negative net margin of 4.90%.

Here are the key takeaways from United Maritime’s conference call:

• Profitability improved materially: second-quarter adjusted EBITDA was $5.2 million and adjusted net income was $1.5 million, while first-half adjusted EBITDA rose approximately 40% to $8.4 million and the company returned to profitability.
• Fleet repositioning is progressing: United is shifting toward higher-earning Capesize vessels, took delivery of the Squireship in June, and agreed to sell the Panamax vessel Exelixsea for an expected gain of approximately $1.8 million.
• Forward earnings visibility strengthened: third-quarter TCE is expected to reach approximately $20,500 per day, with about 70% of operating days fixed; management is also evaluating additional 2027 coverage.
• Liquidity and shareholder returns remain priorities: monetizing the offshore project generated $15.1 million, while the Exelixsea sale is expected to add $8.5 million in net proceeds; the board declared a $0.10 quarterly dividend, the company’s 15th consecutive distribution.
• Management expects supportive dry-bulk fundamentals, particularly in Capesize shipping, citing strong iron ore, bauxite and coal demand alongside limited fleet growth, but acknowledged uncertainty around future coal volumes and broader market conditions.

United Maritime Price Performance

Shares of NASDAQ USEA traded down $0.07 during midday trading on Friday, reaching $2.63. The company’s stock had a trading volume of 108,335 shares, compared to its average volume of 68,036. United Maritime has a one year low of $1.42 and a one year high of $2.82. The company has a market cap of $25.08 million, a price-to-earnings ratio of -13.15 and a beta of 0.81. The company has a 50 day moving average price of $2.60 and a 200 day moving average price of $2.22. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

United Maritime Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date is Friday, September 25th. United Maritime’s payout ratio is presently -200.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in United Maritime stock. Elevation Point Wealth Partners LLC acquired a new position in shares of United Maritime Corporation (NASDAQ:USEA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,250 shares of the company’s stock, valued at approximately $56,000. Elevation Point Wealth Partners LLC owned approximately 0.37% of United Maritime as of its most recent SEC filing. Hedge funds and other institutional investors own 1.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United Maritime from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, United Maritime has an average rating of “Sell”.

United Maritime Company Profile

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium? and large?sized oil tankers, including Aframax and Suezmax vessels.