NASDAQ$USEA
United Maritime Corp · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
United Maritime Q1 2025: net revenue $7.8M as TCE falls to $9,953/day; declares $0.01 dividend
United Maritime Corporation reported Q1 2025 net revenues of $7.8 million, down from $10.6 million in Q1 2024, as fleet TCE declined to $9,953 per day from $15,165 amid seasonally weak dry bulk market conditions. Net loss was $4.5 million ($0.52 per share) versus a $1.3 million loss a year ago; adjusted net loss was $4.4 million ($0.50 per share). EBITDA was $0.7 million and adjusted EBITDA $0.9 million. The eight-vessel fleet had 94.2% utilization on 678 operating days. Cash and restricted cash totaled $3.4 million; shareholders' equity was $55.6 million. The board declared a $0.01 quarterly dividend—the tenth consecutive distribution, with $1.62 per share returned since November 2022. United increased its ECV joint venture stake to ~30% and guided Q2 TCE of approximately $15,653 with 79% of days fixed at $16,835.
- Q1 net revenue $7.8M; TCE $9,953/day vs $15,165 YoY; fleet utilization 94.2%
- Net loss $4.5M ($0.52/share); adjusted net loss $4.4M; adjusted EBITDA $0.9M
- Declared $0.01 quarterly dividend—10th consecutive; $1.62/share returned since Nov 2022
- Increased ECV joint venture stake to ~30%; M/V Gloriuship sale expected in Q2 2025
- Q2 TCE guidance ~$15,653 with 79% of days fixed at avg $16,835
Headline financials
Revenue & EPS history
United Maritime · Revenue · Quarterly
$7.75M
Forward guidance
For Q2 2025, United estimates TCE of approximately $15,653 based on 79% of operating days fixed at $16,835 and FFA assumptions for remaining index-linked charters.
Tailwinds
- Sharp Q2 TCE rebound from Q1; four vessels on fixed daily rates; ECV diversification
Headwinds
- Near-term dry bulk market remains soft; net loss widened in Q1 on lower charter rates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q1 2025
+0.0%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+5.0%
Avg return
30 days after
67%
10 / 15 earnings
Positive
+8.4%
Q4 2022
Best reaction
-12.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +12.2% | +15.2% | |
| Q4 2025 | +3.0% | -2.5% | +3.4% | |
| Q3 2025 | +2.9% | +1.6% | +20.3% | |
| Q2 2025 | +0.8% | -1.3% | +5.7% | |
| Q1 2025 | +2.4% | -3.9% | +18.1% | |
| Q4 2024 | -12.8% | -20.2% | -36.7% | |
| Q3 2024 | -5.3% | -2.9% | -11.0% | |
| Q2 2024 | +0.8% | +0.8% | +5.6% | |
| Q1 2024 | +2.2% | -2.0% | -4.0% | |
| Q4 2023 | -9.5% | -4.9% | -1.1% | |
| Q3 2023 | +8.3% | +14.6% | +26.3% | |
| Q2 2023 | -3.1% | -1.2% | -7.2% | |
| Q1 2023 | -0.7% | +11.1% | +1.5% | |
| Q4 2022 | +8.4% | +12.1% | -1.7% | |
| Q3 2022 | +0.3% | +3.8% | +39.8% |
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