NYSE$CMRE

Costamare Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Costamare reported solid third quarter 2025 results with strong net income, liquidity and contracted revenues amid high fleet employment.

In Q3 2025, Costamare generated 225170000 in total revenue with net income from continuing operations of 92610000 and diluted EPS of 0.77. Adjusted net income available to common stockholders was 98000000, liquidity remained robust at 569600000, and the company increased contracted containership revenues to approximately 2600000000 with a TEU-weighted charter duration of 3.2 years.

  • Total revenue in Q3 2025 was 225170000.
  • Net income from continuing operations was 92610000 with EPS of 0.77.
  • Adjusted net income available to common stockholders was 98000000.
  • Liquidity was strong at 569600000 with contracted revenues of about 2600000000.

Headline financials

Total Revenue

$225M

Previous: $538M-58.2%
EPS (adj)

$0.81

Previous: $0.68+19.1%
Liquidity

$570M

No prior period
Adjusted Net Income (Q2)

$98M

No prior period
Fleet Fixed 2026

80.0%

No prior period
Contracted Revenues

$2.6B

No prior period
TEU-Weighted Duration

3.2

No prior period
Income from Leaseback

$9.27M

No prior period
Net Income

$92.6M

Previous: $75.5M+22.7%
Operating Income

$0.00

Previous: $91.9M-100.0%

Revenue & EPS history

Costamare · Revenue · Quarterly

$225M

Q3 2025-58.2%vs Q3 2024
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

Costamare highlighted its strong fleet employment of 100% for 2025 and 80% for 2026, along with continued newbuilding contracts and a robust contracted revenue pipeline.

Tailwinds

  • 100% containership fleet employment for 2025.
  • 80% containership fleet employment for 2026.
  • Approximately $2.6 billion in contracted revenues.
  • TEU-weighted duration of contracts of about 3.2 years.
  • Liquidity remains at strong levels to support operations.

Headwinds

  • Charter market volatility could impact future revenue.
  • Ongoing dry docking and capital commitments.
  • Uncertainty in global trade growth affecting charter rates.
  • No guarantee of new charters beyond current coverage.
  • Potential financing risk for newbuild deliveries.

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 Q3 2025

Historical avgQ3 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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