NYSE$CMRE

Costamare Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Costamare interim H1 revenue steady as dry-bulk spin-off reshapes fleet

Costamare filed interim unaudited financial statements for the six months ended June 30, 2025 on August 21, reporting total revenues of $440.8 million, up modestly from $438.7 million in H1 2024. Net income attributable to Costamare was $188.8 million versus $204.2 million prior year, with net income available to common stockholders of $178.4 million ($1.49 basic EPS). The period was marked by the April 2025 spin-off of the dry bulk business into Costamare Bulkers Holdings, leaving the company focused on container vessels and NML leaseback investments. Discontinued operations related to the spin-off generated a $27.5 million loss in H1 2025.

  • H1 2025 total revenues of $440.8M (+0.5% YoY); container voyage revenue $428.1M.
  • Net income attributable to Costamare $188.8M; common stockholders earned $178.4M ($1.49/share).
  • April 2025 spin-off of dry bulk fleet into Costamare Bulkers Holdings completed pro-rata distribution.
  • NML leaseback segment contributed $12.7M revenue; net income from continuing ops $218.0M.
  • Discontinued operations loss of $27.5M tied to dry bulk separation transactions.

Headline financials

Total Revenue

$441M

Previous: $477M-7.7%
EPS (adj)

$1.49

Previous: $0.77+93.5%
Net income from continuing operations

$218M

No prior period
Discontinued operations net loss

-$27.5M

No prior period
Net Income

$189M

No prior period

Revenue & EPS history

Costamare · Revenue · Quarterly

$441M

Q2 2025-7.7%vs Q2 2024
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.3%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.5%

Avg return

30 days after

63%

33 / 52 earnings

Positive

+21.0%

Q4 2015

Best reaction

-11.3%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2026-0.6%-3.0%-1.5%
Q3 2025+4.5%+8.0%+31.4%
Q2 2025+5.7%+15.2%+19.8%
Q1 2025+3.2%+4.8%+9.4%
Q4 2024-8.3%-9.7%-11.4%
Q3 2024+1.9%+6.0%-3.0%
Q2 2024+0.4%-2.4%+1.6%
Q1 2024-0.5%+4.4%+15.2%
Q4 2023+5.7%+11.2%+9.4%
Q3 2023+4.5%+0.6%+17.5%
Q2 2023+17.6%+18.4%+6.8%
Q1 2023+0.8%+2.2%+11.8%
Q4 2022-4.0%-5.2%-5.5%
Q3 2022-3.1%+2.8%-2.4%
Q2 2022-0.8%-2.1%+0.3%
Q1 2022-7.1%-10.7%-1.0%
Q4 2021+8.4%+5.2%+2.4%
Q3 2021-8.2%-5.5%-17.3%
Q2 2021+6.3%+5.9%+33.3%
Q1 2021+3.4%+1.7%+11.3%
Q4 2020+2.0%+7.0%+25.6%
Q3 2020-11.3%-12.7%+11.3%
Q2 2020-7.3%-12.2%-7.9%
Q1 2020-2.5%-7.6%-10.7%
Q4 2019+3.0%-1.5%-21.1%
Q3 2019+0.0%+11.9%+13.6%
Q2 2019+4.8%+7.5%+1.8%
Q1 2019+2.8%+2.1%-3.0%
Q4 2018+6.9%+4.4%+11.2%
Q3 2018-8.5%-11.7%-11.4%
Q2 2018-4.7%-6.8%-0.7%
Q1 2018+2.9%+6.6%+7.4%
Q4 2017+2.5%+7.8%-0.8%
Q3 2017+0.2%+4.5%-4.1%
Q2 2017-4.7%-2.1%-3.3%
Q1 2017-0.7%+15.0%+3.8%
Q4 2016+2.6%-9.4%+4.4%
Q3 2016-0.1%-5.9%+0.6%
Q2 2016+8.4%+0.5%-10.2%
Q1 2016+3.0%
Q4 2015+21.0%
Q3 2015+2.0%
Q2 2015-2.4%
Q1 2015+5.0%
Q4 2014+5.1%
Q2 2012+0.8%
Q4 2011+2.8%
Q3 2011-1.8%
Q1 2011+1.3%
Q2 2011+1.3%
Q3 2010+1.9%
Q4 2010+1.9%
Q2 2010
Q1 2010

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