Costamare Q2 FY26 net income from continuing operations drops 20.95% to $83.9 million; revenue falls 4.8% to $200.8 million - CMRE News | RalliesCostamare 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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CMRE• Quarterly results
- Costamare posted Q2 net income from continuing operations available to common stockholders of $77.4 million, or $0.64 a share.
- Adjusted net income from continuing operations available to common stockholders (non-GAAP) was $75.1 million, or $0.62 a share.
- Voyage revenue fell 4.8% to $200.8 million; the company cited lower charter rates, more off-hire days, partly offset by EUA reimbursements.
Liquidity and financing
- Liquidity totaled $423 million, including $403.4 million of cash and $19.6 million in U.S. Treasury Bills.
- It struck $920 million of new bilateral financings, targets up to $331 million more in Q3, and expects no debt maturities until 2030.
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