CMRE

Q1 2026 results: Costamare reported net income of about $75 million (adjusted net income $76 million, or $0.63 per share) and total liquidity of roughly $645 million. Fleet expansion with COSCO: The company ordered 16 newbuild container vessels (12 × 9,200 TEU and 4 × 3,100 TEU) for delivery 4Q27–2Q30, all to commence long‑term charters with COSCO (15 years for the larger ships, 8 years for the smaller) and expected to add about $2.8 billion of incremental contracted revenues with financing in place. Stronger charter book and dividend move: Contracted revenue backlog reached $6.2 billion with a TEU‑weighted remaining charter duration of 6.1 years and revenue days fixed at 97% for 2026 (94% for 2027), and management will recommend raising the quarterly dividend to $0.125 from $0.115. Interested in Costamare Inc.? Here are five stocks we like better. Costamare (NYSE:CMRE) reported first-quarter 2026 net income of about $75 million and said total liquidity stood at roughly $645 million, according to Chief Financial Officer Gregory Zikos on the company’s quarterly results conference call held April 29. Zikos said adjusted net income for the quarter was $76 million, or $0.63 per share, while net income was $75 million, or $0.62 per share. He also highlighted the company’s fleet renewal strategy and an expanded newbuild program backed by long-term charters and financing arrangements. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Zikos said Costamare has ordered 16 newbuild container vessels from Chinese shipyards, consisting of 12 ships of 9,200 TEU capacity and four ships of 3,100 TEU capacity. The vessels are expected to be delivered between the fourth quarter of 2027 and the second quarter of 2030. Upon delivery, Zikos said all 16 vessels will begin long-term charters with COSCO Shipping. He specified that the 12 larger ships will be chartered for 15 years, while the four 3,100 TEU vessels will be chartered for eight years. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss “We are pleased to expand our valued and long-lasting relationship with COSCO through the completion of our latest 16 new buildings transaction,” Zikos said. He added that incremental contracted revenues associated with the new charters total about $2.8 billion. Zikos said the acquisitions will be funded with both equity and debt, and that pre- and post-delivery financing...

Costamare (CMRE) reported Q1 adjusted earnings Wednesday of $0.63 per diluted share, down from $0.84

MONACO, April 29, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). I. PROFITABILITY AND LIQUIDITY Q1 2026 Adjusted Net Income from Continuing operations1 available to common stockholders2 of $76.0 million ($0.63 per share). Q1 2026 Net Income from Continuing operations1 available to common stockholders of $75.3 million ($0.62 per share). Q1 2026 liquidity of $644.4 million3. II. COMMON DIVIDEND INCREASE Management of the Company announced that it will recommend to the Board of Directors the approval of a dividend increase, beginning with the second quarter of 2026, increasing the quarterly dividend from $0.115 to $0.125 per common share4. III. ENTERED INTO 16 SHIPBUILDING CONTRACTS BACKED WITH LONG TERM CHARTERS – INCREMENTAL CONTRACTED REVENUES OF $2.8 BILLION - CONCLUDED FINANCING ON A PRE-POST DELIVERY BASIS FOR ALL 16 VESSELS5 (A) 12x 9,200 TEU NEWBUILDS Vessels expected to be delivered between Q3 2028 and Q2 2030. Each vessel will commence a 15-year time charter upon delivery with COSCO. Pre- and post- delivery financing for a tenor of 15 years has been arranged for all 12 newbuilds. (B) 4x 3,100 TEU NEWBUILDS Vessels expected to be delivered between Q4 2027 and Q4 2028. Each vessel will commence an 8-year time charter upon delivery with COSCO. Pre- and post- delivery financing for a tenor of 8 years has been arranged for all four newbuilds. The 16 newbuilds contribute approximately $2.8 billion in contracted revenues and extend our TEU-weighted fleet employment duration by 1.8 years. ________________ 1 Discontinued operations - Costamare Bulkers Holdings Limited Spin-Off: On May 6, 2025, Costamare completed the spin-off of its dry bulk business (consisting of its dry bulk owned fleet and its dry bulk operating platform, Costamare Bulkers Inc. (“CBI”)) into a standalone public company, Costamare Bulkers Holdings Limited (NYSE: CMDB). Accordingly, the results of the dry bulk business are presented as discontinued operations in the Company’s consolidated financial statements for all relevant periods presented. Discontinued operations for the three-month period ended March 31, 2025, include the results of the dry bulk business. There are no results of discontinued operations for the three-month period ended March 31, 2026. A...

MONACO (AP) — MONACO (AP) — Costamare Inc. (CMRE) on Wednesday reported earnings of $80.4 million in its first quarter. On a per-share basis, the company said it had net income of 62 cents. Earnings, adjusted for one-time items, were 63 cents per share. The shipping company posted revenue of $211.1 million in the period. Its adjusted revenue was $208.8 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMRE at https://www.zacks.com/ap/CMRE

Earnings Release: Wednesday, April 29, 2026, Before Market Opens Conference Call and Webcast: Wednesday, April 29, 2026, at 8:30 a.m. ET MONACO, April 27, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”), announced today that it will release its results for the first quarter ended March 31, 2026 before the market opens in New York on April 29, 2026. Conference Call Details: On Wednesday, April 29, 2026 at 8:30 a.m. ET, Costamare’s management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US) or +1-412-317-9258 (from outside the US). Please quote "Costamare". A replay of the conference call will be available until May 6, 2026. The United States replay number is +1-855-669-9658; the standard international replay number is +1-412-317-0088; and the access code required for the replay is: 8485390. Live Webcast: There will also be a simultaneous live webcast over the Internet, through the Costamare Inc. website (www.costamare.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Costamare Inc. Costamare Inc. is one of the world’s leading owners and providers of containerships for charter. The Company has 52 years of history in the international shipping industry and a fleet of 79 containerships (including 10 vessels under construction), with a total capacity of approximately 551,000 TEU. The Company also participates in a leasing business. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C” and “CMRE PR D”, respectively. Forward-Looking Statements This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could” and “expect” and similar expressions. These statements are not historical facts but instead represent only the Company’s beliefs regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual result...

MONACO, April 02, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from January 15, 2026 to April 14, 2026. The dividend will be paid on April 15, 2026 to all holders of record as of April 14, 2026 of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock. The Company has also declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended March 31, 2026. The dividend for the common stock is payable on May 5, 2026, to holders of record of common stock as of April 20, 2026. The declaration of a dividend is subject to the discretion of the Board of Directors of the Company, and accordingly will depend on, among other things, the Company’s earnings, financial condition and cash requirements and availability, the Company’s ability to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth strategy, the restrictive covenants in the Company’s existing and future debt instruments and global economic conditions. About Costamare Inc. Costamare Inc. is one of the world’s leading owners and providers of containerships for charter. The Company has 52 years of history in the international shipping industry and a fleet of 79 containerships (including 10 vessels under construction), with a total capacity of approximately 551,000 TEU. The Company also participates in a leasing business. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C” and “CMRE PR D”, respectively. Forward-Looking Statements This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “bel...

Costamare Inc. has reported its full-year 2025 results, with revenue of US$877.9 million slightly lower than last year, while net income increased to US$364.58 million and Q4 earnings per share of US$0.60 came in below analyst expectations. Alongside the earnings release, Costamare expanded its forward charter coverage, taking total contracted revenue to about US$3.40 billion and fixing the majority of 2026–2027 fleet days, which materially enhances long-term cash flow visibility. We’ll now examine how the Q4 earnings miss alongside US$3.40 billion of contracted revenue affects Costamare’s existing investment narrative. Uncover the next big thing with 31 elite penny stocks that balance risk and reward. To own Costamare, you need to be comfortable with a ship owner whose story hinges on contracted cash flows and disciplined capital use, but still operates in a cyclical, cost sensitive industry. The Q4 earnings miss puts short term attention on cost control, yet the US$3.40 billion in contracted revenue and high charter coverage into 2026 and 2027 mean the immediate cash flow narrative appears largely intact, while cost inflation remains a key risk. The most relevant development alongside earnings is the forward chartering of 12 vessels, which added about US$940 million in incremental contracted revenue and lifted the backlog to US$3.40 billion. This reinforces the existing catalyst that investors are focused on: high charter coverage and extended contract durations that support more predictable earnings, albeit with the ongoing risk that weaker markets or counterparties could still challenge margins over time. Yet investors should be aware that even with US$3.40 billion of contracted revenue, the real test for Costamare lies in ... Read the full narrative on Costamare (it's free!) Costamare's narrative projects $448.3 million revenue and $285.2 million earnings by 2028. This involves revenues declining by 40.1% per year and an earnings decrease of $29.8 million from $315.0 million today. Uncover how Costamare's forecasts yield a $12.50 fair value, a 27% downside to its current price. Two fair value estimates from the Simply Wall St Community cluster between about US$10.00 and US$12.50 per share, well below the current market price. Against that backdrop, the reliance on tight container supply and strong charter rates as a key earnings catalyst may play out ve...

MONACO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) today reported unaudited financial results for the fourth quarter (“Q4 2025”) and year ended December 31, 2025. This earnings release focuses on the financial results and management’s discussion and analysis for the three-month period ended December 31, 2025, reflecting the Company’s performance during its second full quarter as an independent, publicly traded company. Costamare Bulkers had no operating activity during the year ended December 31, 2024 and remained a wholly-owned subsidiary of Costamare Inc. (“Costamare”), a New York Stock Exchange (“NYSE”) listed company, until May 6, 2025, when it became an independent, publicly traded company on NYSE through a spin-off from Costamare. Costamare Bulkers had nominal operations from January 1, 2025 until late March 2025, when Costamare transferred to it the entities engaged in the dry bulk business, which own, have owned, or were formed with the intention to own dry bulk vessels. The results of these entities are included in Costamare Bulkers’ consolidated statement of operations for the three-month period and year ended December 31, 2025. On May 6, 2025, the Company acquired Costamare Bulkers Inc. (“CBI”), a dry bulk operating platform, from Costamare and a minority shareholder, whose results are included from that date forward. No comparative figures are presented for the three-month period and year ended December 31, 2024, as Costamare Bulkers had nominal operations during that time. Financial Highlights and Operational Updates I. PROFITABILITY - LIQUIDITY - DEBT Q4 2025 Adjusted Net Loss1 of $1.7 million ($0.07 loss per share). Q4 2025 liquidity of $311.0 million2. Debt3 of $155.6 million and Cash4 of $226.3 million, resulting in negative net debt5 position of $70.7 million as of the end of Q4. ____________________________________ 1 Adjusted Net Loss and respective per share figures are non-GAAP measures and should not be used in isolation or as substitutes for Costamare Bulkers financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to Exhibit I. 2 Liquidity include...

This article first appeared on GuruFocus. Net Income (Q4 2025): Approximately $73 million. Net Income (Full Year 2025): Approximately $370 million. Liquidity: $590 million. Incremental Contracted Revenues: Approximately $940 million from new charters. Total Contracted Revenues: $3.4 billion with a remaining time charter duration of 4.5 years. Fleet Deployment: 96% for 2026 and 92% for 2027. Adjusted Net Income (Full Year 2025): Approximately $376 million or $3.12 per share. Adjusted Net Income (Q4 2025): Approximately $72 million or $0.60 per share. Neptune Maritime Leasing Investments: Total investments and commitments exceeding $665 million. Idle Fleet: Less than 1%. Investment Commitment in Leasing Platform: About $250 million, with close to $180 million invested to date. Warning! GuruFocus has detected 9 Warning Signs with CMRE. Is CMRE fairly valued? Test your thesis with our free DCF calculator. Release Date: February 18, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Costamare Inc (NYSE:CMRE) generated a net income of approximately $73 million for the fourth quarter and $370 million for the entire year. The company has secured long-term cash flows by forward chartering 12 vessels with a TEU weighted average duration of 6 years, contributing to incremental contracted revenues of about $940 million. Fleet deployment is strong with 96% and 92% fixed for 2026 and 2027, respectively, and total contracted revenues have reached $3.4 billion. The company maintains a robust liquidity position with $590 million available. Costamare Inc (NYSE:CMRE) has a long, uninterrupted dividend track record, indicating financial stability and shareholder value. The company faces a limited supply of vessels available for charter due to an ongoing shortage of ships, which could impact future growth opportunities. Despite strong cash flows, there is no current plan to prepay debt earlier than the original maturity, potentially limiting financial flexibility. The increase in deferred revenues, driven by accounting treatments, may complicate financial modeling and analysis for investors. The company has significant investment commitments, with $665 million already committed, which could strain financial resources if market conditions change. Charter rates, while currently robust, are subject to market fluctuations that c...

Performance was driven by a strategy of securing long-term cash flows from high-quality counterparties, resulting in $370 million net income for the full year. The company forward chartered 12 vessels (4,000 to 14,000 TEUs) to commence over the next three years, adding approximately $940 million in incremental contracted revenues. Fleet deployment is highly insulated from near-term volatility, with 96% of 2026 and 92% of 2027 revenue days already fixed. The containership market remains robust due to a structural shortage of ships, evidenced by an idle fleet of less than 1% and continued high demand for tonnage. Strategic expansion into the leasing sector via Neptune Maritime Leasing has reached over $665 million in total investments and commitments across 54 shipping assets. Management emphasized a healthy liquidity position of $590 million and a total contracted revenue backlog of $3.4 billion with a 4.5-year weighted duration. Future revenue stability is underpinned by a TEU-weighted average duration of 6 years for the newly secured forward charters. Financing for all six newbuild vessels has been agreed upon, covering both pre- and post-delivery phases to ensure seamless fleet integration. The company intends to maintain its long-term dividend track record, supported by predictable cash flows from the contracted backlog. Management expects to continue optimizing the balance sheet through selective refinancing of container ships at lower funding costs. The company has no significant debt maturities until 2027, providing a clear runway for capital allocation and investment. Investment commitment in the Neptune Maritime Leasing platform was increased to approximately $250 million, with $180 million already deployed. Adjusted net income for the year was $376 million, slightly higher than the reported net income of $370 million due to non-cash accounting adjustments. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management stated they have no intention to prepay debt earlier than original maturities despite solid free cash flow. The decision is based on the company's relatively low leverage and the absence of backloaded debt payments. The focus will remain on prudent amortization and opportunistic refinancing rather than aggressive deleveraging. Managemen...

Costamare (CMRE) reported Q4 adjusted earnings from continuing operations Wednesday of $0.60 per sha