Costamare Bulkers Q3 2026 net income more than doubles year on year to $16.56 million
CMDB•Costamare Bulkers’ Q3 2026 net income more than doubled year on year to $16.56 million, while voyage revenue fell 41% to $131.51 million and operating cash flow dropped 33% to $21.3 million. New $133 million loan commitments would refinance existing debt and extend maturities to Q4 2031–Q1 2032.
1. Quarterly results and loans
Costamare Bulkers’ Q3 2026 net income more than doubled year on year to $16.56 million. Total voyage revenue fell 41% to $131.51 million, partly due to significant downsizing of the operating platform fleet, and operating cash flow dropped 33% to $21.3 million. New loan commitments totaling $133 million would refinance existing debt, extending maturities to Q4 2031–Q1 2032.
