Euroseas Ltd.

Euroseas announced extensions for the 2024-built feeder containerships M/V Stephania K and M/V Pepi Star with new 24–26 month charters at a gross daily rate of $25,500, starting July 28 and August 19, 2026. The company expects the contracts to generate about $27 million in EBITDA over the minimum period. The deals increase charter coverage to roughly 96% for 2026, 86% for 2027 and 48% for 2028, and management cited strong containership charter demand and a premium for modern, fuel-efficient vessels. » Więcej na finance.yahoo.com

Euroseas announced a quarterly dividend increase to $0.80 per share payable mid-June and reported Q1 revenue of $55.8 million versus consensus $56.9 million. The company operated an average of 21 vessels and achieved a time charter equivalent of $30,354 per day. A 36–38 month time charter for the vessel Kea at $30,000/day and a raised analyst price target to $85 were cited as positives for 2026 earnings visibility. » Więcej na finance.yahoo.com

Euroseas reported Q1 2026 EPS of $4.70, beating expectations by 7.31%, while revenue of $55.84 million slightly missed estimates. Fleet utilization rose to 100% and adjusted EBITDA grew by 10.2%. The dividend was raised by 6.7% to $0.80; the stock gained in pre-market trading. For Q2/Q3 2026 Euroseas expects more cautious EPS (Q2: $4.18, Q3: $4.11) and is pursuing fleet modernization with ten newbuild orders. » Więcej na de.investing.com