Costamare Q2 FY26 net income from continuing operations drops 20.95% to $83.9 million; revenue falls 4.8% to $200.8 million

Reuters2026/07/27 11:07

By:Reuters

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Costamare posted Q2 net income from continuing operations available to common stockholders of USD 77.4 million, or USD 0.64 a share.
Adjusted net income from continuing operations available to common stockholders (non-GAAP) was USD 75.1 million, or USD 0.62 a share.
Voyage revenue fell 4.8% to USD 200.8 million; the company cited lower charter rates, more off-hire days, partly offset by EUA reimbursements.
Liquidity totaled USD 423 million, including USD 403.4 million of cash and USD 19.6 million in U.S. Treasury Bills.
It struck USD 920 million of new bilateral financings, targets up to USD 331 million more in Q3, expects no debt maturities until 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Costamare Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607270706PRIMZONEFULLFEED9798444) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Costamare Q2 FY26 net income from continuing operations drops 20.95% to $83.9 million; revenue falls 4.8% to $200.8 million

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