The strong EPS beat and large contracted revenue backlog ($6.1B) support near-term sentiment, but the YoY revenue decline and increased dry-docking costs warrant caution. Monitor charter rate trends and newbuilding delivery schedule for further signals.
Price Chart
Executive Summary
Costamare reported Q2 2026 GAAP EPS of $0.64, beating consensus of $0.48 by 33.3%, and voyage revenue of $200.8M, beating $193.0M by 4.0%. However, YoY voyage revenue declined 4.8% and net income from continuing operations fell from $106.1M to $83.9M, creating a mixed picture. The company also announced $1.3B in new financing agreements, a 16-vessel newbuilding program, and a $0.125/share dividend.
Key Financial Metrics
Key Facts
- GAAP EPS $0.64 vs consensus $0.48 (beat by 33.3%)
- Voyage revenue $200.8M vs consensus $193.0M (beat by 4.0%)
- YoY voyage revenue declined 4.8% from $210.9M
- Net income from continuing ops fell 20.9% YoY to $83.9M
- New $1.3B bilateral financing agreements completed or in documentation
- Contracted revenues of $6.1B with TEU-weighted duration of 5.9 years
- 97% of containership fleet fixed for 2026, 94% for 2027
- Dividend of $0.125 per common share declared
Financial Impact
EPS beat by $0.16 (33.3%) and revenue beat by $7.8M (4.0%), but YoY revenue and net income declined, indicating a mixed quarter with strong beat vs expectations but underlying contraction.
Risk Factors
- Charter rate volatility and potential softening in container shipping demand
- Execution risk on 22 newbuild vessels and associated financing
- Increased dry-docking and special survey costs impacting near-term cash flow
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3333393 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 6-K | $15.10 | awaiting T+20 | — | $13.93 (−7.75%) |
Oct 6, 2026 21d ago | Press Release | $15.10 | awaiting T+20 | — | $13.93 (−7.75%) |
Oct 1, 2026 26d ago | 6-K | $15.23 | awaiting T+20 | — | $13.93 (−8.54%) |
Oct 1, 2026 26d ago | Press Release | $15.23 | awaiting T+20 | — | $13.93 (−8.54%) |
Aug 12, 2026 10w ago | 6-K | $14.16 $15.11 | ▲ +6.71% | ▲ +8.61% | $13.93 (−1.62%) |
Jul 27, 2026 13w ago | 6-K | $15.62 $15.58 | ▼ −0.26% | ▼ −3.55% | $13.93 (−10.82%) |
Jul 27, 2026 13w ago | Press Release | $15.62 $15.58 | ▼ −0.26% | ▼ −3.55% | $13.93 (−10.82%) |
Jul 13, 2026 15w ago | 6-K | $15.46 $14.43 | ▼ −6.66% | ▼ −9.85% | $13.93 (−9.90%) |
May 20, 2026 22w ago | 6-K | $26.35 $26.05 | ▼ −1.14% | ▼ −1.47% | $13.93 (−47.13%) |
Apr 29, 2026 25w ago | 6-K | $26.50 $26.62 | ▲ +0.45% | ▼ −5.60% | $13.93 (−47.43%) |
US Market Status
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