HMR

This article first appeared on GuruFocus. Net Income: $2.2 million, or $0.04 per share basic, for Q2 2026, compared to a net loss of $13.7 million in Q2 2025. Adjusted Net Income: $2.4 million for Q2 2026, excluding non-cash stock-based compensation of $0.2 million, versus $0.5 million in Q2 2025 on a continuing operations basis. Total Revenues: $29 million for Q2 2026, up 203% year-over-year from $9.6 million and up 58% quarter-over-quarter from $18.4 million. Voyage and Time Charter Revenues: $23.2 million in Q2 2026, up from $6.2 million in Q2 2025. Trade Revenues: $5.8 million in Q2 2026, up from $3.3 million in Q2 2025. General and Administrative Expenses: $5.6 million in Q2 2026, compared to $4.7 million in Q2 2025, driven by higher cash bonuses of $1.8 million. First Half 2026 Total Revenues: $47.3 million. First Half 2026 Net Income: $5 million attributable to shareholders, or $5.8 million on an adjusted basis excluding $0.8 million in non-cash stock-based compensation. Cash and Cash Equivalents: $28.7 million as of June 30, 2026. Fleet Growth: Added 15 vessels in the first half of 2026 (7 in Q2, 8 in Q1), with 24 vessels added including the Q-Shipping acquisition. Warning! GuruFocus has detected 4 Warning Signs with HMR. Is HMR fairly valued? Test your thesis with our free DCF calculator. Release Date: September 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Heidmar Maritime Holdings Corp (NASDAQ:HMR) reported a strong second quarter of 2026 with consolidated net income of $2.2 million, a significant improvement from a net loss of $13.7 million in the same period last year. Total revenues surged 203% year-over-year to $29 million, driven by a sharp increase in voyage and time charter revenues, which rose to $23.2 million from $6.2 million. The company added 15 vessels to its platform in the first half of 2026, with a further 24 vessels added in under two quarters, demonstrating rapid scaling of its asset-light model. The acquisition of Q-Shipping B.V for approximately EUR0.2 million added nine vessels to the managed fleet, bringing the total to about 60 vessels under commercial management and 20 under technical management, with immediate accretive potential. Heidmar regained compliance with NASDAQ's Continued Listing Rule on June 2, 2026, after its closing bid price stayed at or above $1 per share for 10 consecutive business days. The company is investing in AI-driven enhancements to improve operational efficiency and scalability, which could further strengthen its competitive position. The tanker market remains highly volatile due to escalating geopolitical tensions, including disruptions in the Strait of Hormuz and Bab el-Mandeb, which pose risks to oil demand and freight rates. Global seaborne crude volumes contracted during the quarter, and oil prices did not escalate to over $100 per barrel as projected, limiting potential revenue upside. General and administrative expenses increased to $5.6 million in Q2 2026 from $4.7 million in Q2 2025, driven by higher cash bonuses, which could pressure margins if revenue growth slows. The company's proprietary trading book is opportunistic and varies quarter-to-quarter, making earnings less predictable and dependent on market conditions. The closure of the Strait of Hormuz has reduced oil flows to a trickle, and while rates are elevated, the long-term impact on oil demand and shipping volumes remains uncertain. The company faces potential downside risks from prolonged geopolitical disruptions, which could lead to sudden drops in freight rates if tensions ease. Q: Has the crisis in the Mideast helped you acquire or add more vessels to your managed fleet?A: Pankaj Khanna, CEO, stated that the elevated rates have not directly driven fleet additions from the Middle East crisis. Instead, growth is coming from owners taking delivery of newbuildings who lack the expertise to operate them. Heidmar is assisting these owners, particularly Chinese ones, with commercial management, time charters, and spot trading, indicating that newbuilding deliveries are a key driver of fleet expansion. Q: Can you give more background on how your shipping services business benefits from higher tanker rates to earn a percent fee when you lock in those higher rates?A: CEO Pankaj Khanna explained that Heidmar's fee-based business is a percentage of gross freight, so elevated rates directly boost revenue. He noted that Suezmaxes are earning $150,000-$200,000 per day and Aframaxes around $100,000+ per day. With rates expected to rise further in Q4 and Q1, and as more ships are added to the platform, revenue growth should accelerate. Q: Is the contracting business a meaningful portion of the total shipping services business in terms of getting that fee on the higher rates?A: The CEO confirmed that the contracting business is meaningful but varies quarter-to-quarter. The core commercial management business drives fee-based revenue, while the proprietary chartering book is opportunistic. He highlighted current market dynamics, such as three-year MR rates at $23,500 versus one-year rates at $30,000, as opportunities to lock in profitable back-to-back charters when margins are favorable. Q: If the Strait of Hormuz traffic does increase, let's say, in the next two years, will that create immediate drop-in rates in your view in the tanker market or possibly create more urgency to get ships to the region?A: Pankaj Khanna provided a long-term perspective, emphasizing that beyond geopolitical events, the aging fleet is a critical factor. With the average fleet age over 14 years, and significant portions of the Aframax fleet approaching 20 years by the end of the decade, effective tonnage supply will remain constrained. He also highlighted the growing ton-mile demand from diversified sourcing (e.g., Japan reducing Middle East dependence) and the substantial sanctioned fleet (15%-20%), which supports structurally elevated rates. Q: You chartered out six vessels versus two a year ago. Is that still a quarter-to-quarter opportunistic event for you or do you see opportunity to do more of that?A: The CEO clarified that the chartering business has two aspects: long-term charters (6-24 months) and short-term opportunistic trades. While the short-term book is quarter-to-quarter, Heidmar is in discussions for long-term charters but is cautious about taking balance sheet risk unless it can hedge back-to-back at current elevated rates. Q: Regarding the Q-Shipping acquisition, are the three additional vessels expected to be taken over tankers or bulk carriers?A: Pankaj Khanna confirmed that the three vessels expected to be added during Q3 2026 consist of one small tanker and two handy-sized bulk carriers, expanding Heidmar's technical management footprint beyond just tankers. Q: What were the key drivers of the significant revenue growth in Q2 2026?A: The CEO highlighted that total revenues surged to $29 million, up 203% year-over-year, driven by a sharp increase in voyage and time charter revenues, which rose to $23.2 million from $6.2 million. This was due to six vessels being chartered out during the quarter, compared to just two in the prior year period, alongside higher trade revenues. Q: How is the company's asset-light model and fleet growth strategy performing?A: Pankaj Khanna emphasized that Heidmar added 15 vessels in the first half of 2026, with a further 24 vessels added including the Q-Shipping acquisition, bringing the total managed fleet to approximately 60 vessels under commercial management and 20 under technical management. This scaling is achieved without proportional overhead increases, demonstrating the efficiency of the asset-light model. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

ATHENS, Greece and NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ: HMR) today reported its results for the quarter and six month period ended June 30, 2026. Second Quarter 2026 Highlights Total revenues of $29.0 million, up from $9.6 million in Q2 2025 and up $10.6 million from Q1 2026. Net income attributable to shareholders of $2.2 million or $0.04 income per share, basic. Adjusted net income of $2.4 million, which excludes $0.2 million in non-cash stock-based compensation. Cash and cash equivalents of $28.7 million as of June 30, 2026. Adjusted net income is not a measurement recognized under U.S. GAAP (GAAP) and should not be used in isolation or as a substitute for Heidmar’s financial results presented in accordance with GAAP. See “Non-GAAP Financial Measures” later in this Press Release for the definitions and reconciliation of this measurement to the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP. SECOND QUARTER 2026 RESULTS COMPARED TO SECOND QUARTER 2025 Total revenues, earned from commissions, management fees and voyage and time charter hire, were $29.0 million for the three months period ended June 30, 2026, compared to $9.6 million for the three months period ended June 30, 2025. The increase of $19.4 million is mainly attributable to the increase in the average number of vessels under commercial management, and to the higher number of vessels employed under voyage and time charter arrangements. During the second quarter of 2026, six vessels were chartered out compared to two vessels during the corresponding second quarter of 2025. Net income attributable to shareholders was $2.2 million or $0.04 income per share, basic. General and administration expenses were $5.6 million for the three-month period ended June 30, 2026, compared to $4.7 million for the three-month period ended June 30, 2025. The increase of $0.9 million is mainly attributable to the higher cash bonuses paid to employees, which amounted to $1.8 million in 2026 compared to $1.4 million in 2025. FIRST HALF 2026 RESULTS COMPARED TO FIRST HALF 2025 Total revenues earned mainly from commissions, management fees and time charter hires were $47.3 million for the six months ended June 30, 2026, up $32.1 million from $15.2 million in the same period of 2025, due to the increase in the average number of vessels under commercial management, and to the higher number of vessels employed under voyage and time charter arrangements. During the first half of 2026, eight vessels were chartered out compared to two vessels during the corresponding first half of 2025. Net income attributable to shareholders was $5.0 million or $0.08 income per share, basic. Key quarterly highlights: Fleet Developments: Within the second quarter of 2026 the company continued to scale its commercially managed fleet, adding seven vessels under management, with additional growth anticipated in the quarters ahead as we continue to execute on our asset-light expansion strategy. One scrubber-fitted, super-eco Suezmax tanker, built 2026. Three Dual Fuel LNG capable and scrubber-fitted Suezmax tankers, built 2026. One Dual Fuel LNG capable Aframax tanker, built 2026. Two MR tankers, built 2007 and 2016. Management Commentary Pankaj Khanna, Chief Executive Officer of Heidmar, commented: “We are pleased to report another quarter of strong operational and strategic progress. During the second quarter of 2026, Heidmar generated revenue of $29.0 million and adjusted net income of $2.4 million (which excludes $0.2 million in non-cash stock-based compensation), or $0.04 per share, reflecting continued growth in our commercially managed platform. The Company generated total revenue of $47.3 million for the six months ended June 30, 2026, compared to $15.2 million for the same period in 2025. The increase of $32.1 million was primarily driven by a higher number of vessels employed on short-term spot and time charter voyages during the quarter, as well as the overall expansion of the Company’s commercially managed fleet. Adjusted net income rose to $5.8 million, compared to $1.6 million in the same period last year, a result that strips out certain non-cash items and offers a clean view of the underlying earning power of the Heidmar platform. Within the first six months of 2026, administrative expenses amounted to $9.1 million, compared to $10.4 million in the first six months of 2025, representing a decrease of $1.3 million. Fleet and Corporate Developments During the second quarter, we grew our commercially managed fleet organically with seven vessel additions, a mix of state-of-the-art scrubber-fitted and dual-fuel LNG capable Suezmax and Aframax tankers, along with two MR tankers. These additions reflect the asset-light growth strategy that allows us to scale our platform without significant capital outlay while maintaining disciplined overhead. We were also pleased to regain compliance with Nasdaq Continued Listing Rule 5550(a)(2) on June 2, 2026, following ten consecutive business days with our closing bid price at or above $1.00 per share, resolving the deficiency notice we received on April 22, 2026. Beyond this organic growth, we also advanced our expansion into the third quarter of 2026. On July 1, 2026, we completed the acquisition of Q-Shipping B.V., a ship management and crewing business, for approximately $0.2 million in cash, a small investment that added nine vessels to our managed fleet and established an operating presence in the Netherlands and Turkey, alongside a crewing capability in Ukraine. The transaction brought our total managed fleet to approximately 60 vessels under commercial management and 20 under technical management, and we expect it to be immediately accretive to management fee revenue while deepening our access to seafaring talent and strategic maritime hubs. Our global footprint now spans across eight locations, Athens, London, Singapore, Hong Kong, Chennai, Rotterdam, Odessa, and Istanbul, supported by a team of more than 75 onshore employees and over 500 seafarers. The Q-Shipping transaction is already showing results with expected takeover of three additional vessels during the third quarter of 2026. Alongside this growth, we continue to invest in enhancing our commercial and operational platforms through the use of artificial intelligence (AI), further strengthening the efficiency and scalability of our asset-light model. These upcoming AI-driven enhancements will integrate data and workflows across chartering, operations, and finance automating recurring tasks, providing clearer visibility into performance across the fleet. This integrated approach is expected to support more predictive, data-informed decision-making from voyage and route optimization to commercial planning helping Heidmar scale its pool and management platforms without a proportional increase in overhead. As these capabilities come online, AI is set to become a core part of how Heidmar operates, allowing the company to extract more value from every vessel it manages and every relationship it holds, which will be central to sustaining an asset-light model at scale. Market Conditions The tanker market remained highly volatile during the quarter, shaped primarily by escalating geopolitical tensions in the Middle East and Europe, where the Ukraine / Russia war has escalated into a targeting of energy assets and shipping. Seaborne crude volumes contracted during the quarter as the Straits of Hormuz remained effectively closed, while war risk premiums escalated, which constrained effective vessel supply. The combination of sourcing crude from alternative long-haul sources and tonnage scarcity kept freight rates elevated across most crude tanker segments. While attention remains on VLCCs, the fact is that Suezmaxes on average have outperformed VLCCs during the quarter and Aframaxes are also trading at historical highs. This dynamic reinforced a trend we have highlighted before, in periods of geopolitical disruption, effective tonnage supply, rather than cargo volumes becomes the primary driver of short-term rate outcomes, and our commercially managed platform is well positioned to capture that volatility on behalf of our fleet partners. During the third quarter to date, the resumption of hostilities in the Middle East has reduced the flow of oil through the Straits of Hormuz to a trickle. A new shuttle trade has developed whereby owners who are willing to take the risk are carrying crude oil at astronomical rates from terminals inside the Arabian Gulf to just outside the Straits to be discharged in STS operations to other vessels. Furthermore, the threat and attacks from Houthis on tonnage transiting the Red Sea has resulted in the movement of crude oil to Ain Sukhna and via the pipeline to Sidi Kerir in the Mediterranean resulting in high demand for Suezmax and Aframaxes in the Mediterranean. Earnings for Suezmaxes in the Mediterranean / Black Sea are at historical highs and as a consequence are also higher across all trading areas. As we enter the seasonally higher demand winter months during Q4 and Q1, we expect rates to remain elevated and potentially strengthen further depending on how the geopolitical landscape evolves.” Conference Call details: Our management team will host a conference call to discuss our financial results on September 01, 2026, at 08:30 a.m. Eastern Time (ET). Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (UK Toll Free Dial In). Please quote “Heidmar” to the operator and/or conference ID 13762463. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Webcast: There will also be a live, and then archived, webcast of the conference call, available through the Company’s website. To listen to the archived audio file, visit www.heidmar.com and click on Financials and Presentations. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Heidmar Maritime Holdings Corp. Heidmar is an Athens-based, commercial and pool management business serving the crude and product tanker market and Heidmar is committed to safety, performance, relationships and transparency. With operations in Athens, London, Istanbul, Rotterdam, Singapore, Odesa, Chennai and Hong Kong, Heidmar has a reputation as a reliable and responsible partner with a goal of maximizing its customers' profitability. Heidmar seeks to offer vessel owners a "one - stop" solution for all maritime services in the crude oil and refined petroleum products sectors. Heidmar believes its unique business model and extensive experience in the maritime industry allows the Company to achieve premier market coverage and utilization, as well as provide customers in the sector with seamless commercial transportation services. For more information, please visit www.heidmar.com. The information on or accessible through our website does not form a part of and is not incorporated by reference into this release. Forward-Looking Statements This release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Company. All statements other than statements of historical facts contained in this press release, including statements regarding the Company’s future results of operations and financial position, business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations are forward-looking statements. These forward- looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations or projections. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include unforeseen liabilities, expansion and growth of the Company’s operations, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker, container or PSV vessel capacity, changes in the Company’s operating expenses, demand for the Company’s managed fleet, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general international geopolitical conditions and conflicts, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off‐ hires, and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond the Company’s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations. CONTACT INFORMATION: Investor Relations/Media Contact: Nicolas Bornozis / Daniela Guerrero Capital Link, Inc.230 Park Avenue, Suite 1540 New York, N.Y. 10169Tel.: (212) 661-7566 Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") represent net income/ (loss) from continuing operations before interest and finance (income)/ costs, net, depreciation and amortization and income taxes, if any, during a period. EBITDA is not a recognized measurement under U.S. GAAP. Adjusted EBITDA represents EBITDA further adjusted to exclude stock-based compensation and the non-cash expense relating to the fair value of the earnout shares which the Company believes are not indicative of the ongoing performance of its core operations. We present EBITDA and Adjusted EBITDA as we believe that these measures are useful to investors as a widely used means of evaluating operating profitability. Management also uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. EBITDA and Adjusted EBITDA have certain limitations in use and should not be considered alternative to net income/ (loss), cash flow from operating activities or any other measure of financial performance presented in accordance with U.S. GAAP. EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income/(loss). EBITDA and Adjusted EBITDA as presented here may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures should not be considered in isolation from, as a substitute for, or superior to, financial measures prepared in accordance with U.S. GAAP. Heidmar considers Adjusted net income to represent net income/ (loss) from continuing operations before certain non-cash items, including the loss on the fair value of the earnout shares and amortization of stock-based compensation. We have included adjustments for these items because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects these items may have from period-to-period. Our presentation of Adjusted net income should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Adjusted net income per share attributable to shareholders equals Adjusted net income per share attributable to shareholders divided by the weighted average number of shares outstanding during the period. Adjusted net income per share do not represent and should not be considered as an alternative to net income/ (loss) and net income/ (loss) per share, as determined by GAAP. The Company's definition of Adjusted net income may not be the same as that used by other companies in shipping or other industries. Adjusted net income is not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows.

Heidmar Maritime Holdings Corp. (HMR) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.1 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -60.00%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.06, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Heidmar Maritime Holdings Corp., which belongs to the Zacks Transportation - Shipping industry, posted revenues of $29 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 18.69%. This compares to year-ago revenues of $9.58 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Heidmar Maritime Holdings Corp. shares have added about 77.5% since the beginning of the year versus the S&P 500's gain of 12.3%. While Heidmar Maritime Holdings Corp. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Heidmar Maritime Holdings Corp. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $16.11 million in revenues for the coming quarter and $0.24 on $78.88 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Shipping is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hub Group (HUBG), another stock in the broader Zacks Transportation sector, has yet to report results for the quarter ended June 2026. This transportation management company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +15.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hub Group's revenues are expected to be $935.1 million, up 3.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Heidmar Maritime Holdings Corp. (HMR) : Free Stock Analysis Report Hub Group, Inc. (HUBG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Heidmar Maritime Holdings Corp.? Here are five stocks we like better. Profitability and revenue improved sharply: Second-quarter revenue rose to $29 million from $9.6 million a year earlier, while adjusted net income increased to $2.4 million from $0.5 million on a continuing-operations basis. Fleet expansion accelerated: Heidmar added seven vessels during the quarter and 15 in the first half of 2026. Its acquisition of Q-Shipping added nine vessels and expanded operations into the Netherlands and Turkey, bringing the company to approximately 60 commercially managed vessels. Strong tanker markets support the outlook: Geopolitical disruptions around the Strait of Hormuz and Red Sea have supported elevated freight rates, particularly for Suezmax and Aframax tankers. Management expects rates to remain high and potentially strengthen during the seasonally stronger fourth and first quarters. Heidmar Maritime (NASDAQ:HMR) reported second-quarter net income of $2.2 million, or $0.04 per basic share, compared with a net loss of $13.7 million in the prior-year period, as revenue rose sharply and the company expanded its managed fleet. The second-quarter 2025 result included a $13.6 million loss from discontinued operations. On a continuing-operations basis, Heidmar recorded a net loss of $0.1 million in that period, according to Chief Executive Officer Pankaj Khanna. → OneMain’s Yield Comes With a Catch Excluding $0.2 million of non-cash stock-based compensation, adjusted net income was $2.4 million, up from $0.5 million in the year-earlier quarter on a continuing-operations basis. Total revenue reached $29 million for the three months ended June 30, up from $18.4 million in the first quarter and $9.6 million a year earlier. Khanna said the year-over-year increase of approximately 203% was primarily driven by higher voyage and time-charter revenue, which rose to $23.2 million from $6.2 million. → Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Trade revenue increased to $5.8 million from $3.3 million in the second quarter of 2025. The company chartered out six vessels under voyage and time-charter arrangements during the quarter, compared with two vessels a year earlier. General and administrative expenses increased to $5.6 million from $4.7 million. Khanna attributed much of the increase to employee cash bonuses, which totaled $1.8 million during the quarter, compared with $1.4 million in the prior-year period. He said the company expects G&A spending to remain controlled relative to its expanding revenue base. → Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally For the first half of 2026, Heidmar reported total revenue of $47.3 million and net income attributable to shareholders of $5 million. Adjusted net income for the six-month period was $5.8 million, excluding $0.8 million in non-cash stock-based compensation. As of June 30, cash and cash equivalents were $28.7 million, while total assets stood at $99.6 million. Heidmar added seven vessels across tanker segments during the second quarter, following eight additions in the first quarter. The company added 15 vessels to its platform during the first half of 2026 and said its pipeline remains active for further additions through the rest of the year and into 2027. Following the end of the quarter, the company completed its acquisition of Q-Shipping B.V., a Netherlands-based ship-management and crewing business, on July 1 for about EUR 0.2 million. The acquisition was funded with existing cash reserves. The transaction added nine vessels to Heidmar’s managed fleet, bringing the company to approximately 60 vessels under commercial management and 20 under technical management. The deal also established operating operations in the Netherlands and Turkey and added crewing capability in Ukraine, Khanna said. Q-Shipping’s integration is expected to result in the takeover of three additional vessels in the third quarter: one small tanker and two Handysize bulk carriers, Khanna said during the question-and-answer session. Heidmar also regained compliance with Nasdaq’s continued listing rule on June 2 after its closing bid price remained at or above $1 per share for 10 consecutive business days. The company had received a deficiency notice on April 22. Khanna said tanker markets remained volatile during the quarter amid geopolitical developments in the Middle East and Europe. Disruptions in the Strait of Hormuz and Bab el-Mandeb contributed to elevated freight rates, even as global seaborne crude volumes contracted. According to Khanna, combined transit volumes through those choke points recovered to roughly 11 million barrels per day in May and June from a trough of 6 million barrels per day, but remained below pre-crisis levels of 20 million barrels per day. He also cited Ukrainian attacks on Russian oil refineries and crude-export infrastructure as factors affecting Russian shipments. Khanna said Russian seaborne product exports declined to 1.1 million barrels per day in July from an average of 2.2 million barrels per day in 2025. The company said that during the third quarter to date, renewed Middle East hostilities reduced oil flows through the Strait of Hormuz. Khanna described a developing shuttle-tanker trade in which vessels move crude from terminals inside the Arabian Gulf to locations outside the strait for ship-to-ship transfers. He said disruptions around the Red Sea have redirected certain crude flows and contributed to strong demand for Suezmax and Aframax vessels. Suezmax vessels, on average, have outperformed very large crude carriers during the period, while Aframax rates have also reached historically high levels, according to Khanna. Khanna said Heidmar’s core commercial-management business earns fees based on a percentage of gross freight, allowing revenue to benefit when freight rates rise. He said Suezmax vessels were earning roughly $150,000 to $200,000 per day on average, while Aframax vessels were averaging more than $100,000 per day, depending on voyage terms. Heidmar also pursues chartering opportunities through its proprietary book, although Khanna said that business can vary from quarter to quarter. The company seeks longer-term chartering opportunities when it can secure an appropriate margin and hedge risk on a back-to-back basis, he said. Khanna said fleet additions are currently being driven in part by newly delivered vessels whose owners need commercial-management expertise, rather than directly by the Middle East crisis. Heidmar has been helping certain Chinese owners of newbuildings find time-charter opportunities or trade vessels in the spot market, he said. Looking ahead, Khanna said the company expects tanker rates to remain high and potentially strengthen during the seasonally stronger fourth-quarter and first-quarter periods, depending on geopolitical developments. He also pointed to the aging global fleet, sanctioned vessels and longer trade routes associated with oil-import diversification as longer-term factors affecting tanker supply and ton-mile demand. Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes. Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Heidmar Maritime Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

Earnings Release: Tuesday, September 01, 2026, Before Market Opens Conference Call and Webcast: Tuesday, September 01, 2026, at 08:30 A.M. Eastern Time ATHENS, Greece and NEW YORK, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ: HMR), today announces that it will release its results for the second quarter ended June 30, 2026, before market opens on Tuesday, September 01, 2026. Heidmar’s management team will host a conference call to discuss the Company’s financial results on Tuesday, September 01, 2026, at 08:30 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (UK Toll Free Dial In). Please quote “Heidmar” to the operator and/or conference ID 13762463. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Webcast: There will also be a live, and then archived, webcast of the conference call, available through the Company’s website. To listen to the archived audio file, visit www.heidmar.com and click on Financials & Presentations. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Heidmar, Inc. Heidmar is an Athens based, commercial and pool management business servicing the crude and product tanker market and is committed to safety, performance, relationships and transparency. With operations in Athens, London, Singapore, Chennai, and Hong Kong, Heidmar has a reputation as a reliable and responsible partner with a goal of maximizing our customers' profitability. Heidmar seeks to offer vessel owners a "one-stop" solution for all maritime services in the crude oil, refined petroleum products and dry bulk shipping sectors. Heidmar believes its unique business model and extensive experience in the maritime industry allows the Company to achieve premier market coverage and utilization, as well as provide customers in the sector with seamless commercial transportation services. For more information, please visit www.heidmar.com. CONTACT INFORMATION: Investor Relations/Media Contact: Nicolas Bornozis / Daniela GuerreroCapital Link, Inc.230 Park Avenue, Suite 1540New York, N.Y. 10169Tel.: (212) 661-7566Email: [email protected]

Euroseas Ltd. (ESEA) came out with quarterly earnings of $4.7 per share, beating the Zacks Consensus Estimate of $4.47 per share. This compares to earnings of $4.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.15%. A quarter ago, it was expected that this company would post earnings of $4.54 per share when it actually produced earnings of $4.7, delivering a surprise of +3.52%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Euroseas, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $58.08 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $58.81 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Euroseas shares have added about 36.4% since the beginning of the year versus the S&P 500's gain of 13.2%. While Euroseas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Euroseas was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.38 on $58.05 million in revenues for the coming quarter and $18.10 on $233.57 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Shipping is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Heidmar Maritime Holdings Corp. (HMR), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +900%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Heidmar Maritime Holdings Corp.'s revenues are expected to be $24.43 million, up 155% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Euroseas Ltd. (ESEA) : Free Stock Analysis Report Heidmar Maritime Holdings Corp. (HMR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Net Income: $2.8 million, or $0.05 per share basic, compared to a net loss of $6 million, or $0.10 per share in Q1 2025. Adjusted Net Income: $3.4 million, or $0.06 per share, compared to $0.9 million in Q1 2025. Total Revenue: $18.4 million, up from $5.8 million in Q1 2025, a 216% increase year-on-year. G&A Expenses: Decreased to $3.6 million from $6.1 million in Q1 2025. Cash and Cash Equivalents: $27.6 million as of March 31, 2026, up from $18.6 million at December 31, 2025. Total Assets: $76.1 million. Total Stockholders' Equity: Increased to $14.2 million from $10.7 million at year-end 2025. Net Cash from Operating Activities: $6.6 million, more than double the $3.1 million in Q1 2025. Fleet Growth: Added eight vessels in Q1 2026, including two VLCCs, three Suezmaxes, and three MRs. Warning! GuruFocus has detected 4 Warning Signs with HMR. Is HMR fairly valued? Test your thesis with our free DCF calculator. Release Date: May 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Heidmar Maritime Holdings Corp (NASDAQ:HMR) reported a significant turnaround with a net income of $2.8 million in Q1 2026, compared to a net loss of $6 million in Q1 2025. The company achieved a 216% year-on-year increase in total revenues, driven by record freight rates and an increase in vessels employed on short-term spot and time charter voyages. Heidmar's asset-light business model allows for rapid scaling and operational agility without the burden of heavy debt or capital lockup. The company added eight vessels across key tanker segments in Q1 2026, expanding its reach in the crude and product tanker markets. Heidmar's eFleetWatch platform provides real-time visibility into vessel earnings and performance, enhancing its competitive advantage in the market. The tanker market's strong performance is partly due to geopolitical tensions and disruptions, which may not be sustainable long-term. Despite the positive financial results, the company still faces risks associated with market volatility and geopolitical uncertainties. The closure of the Strait of Hormuz has led to increased voyage distances and ton-mile demand, but this situation could change if geopolitical tensions ease. Heidmar's reliance on the spot market means it is exposed to fluctuations in freight rates, which can impact earnings unpredictably. The company's strategy of not owning ships could limit its control over operational aspects compared to asset-owning competitors. Q: Since the end of the first quarter or April 30th, have you added to your list of managed vessels? A: Yes, we have ongoing additions as new buildings are coming in and other secondhand vessels are joining as well. We recently added five vessels, and it's a constant process. - Pankaj Khanna, CEO Q: Is the platform supply vessel on a fixed rate or an index rate? A: It is on a fixed rate contract. - Pankaj Khanna, CEO Q: Are elevated rates keeping tanker owners from joining the Heidmar pool and staying in the time charter market? A: Not necessarily. Owners are more interested in the spot market than the time charter market. Many are positioning themselves for expected rate increases when the straits open. - Pankaj Khanna, CEO Q: Can we expect continued positive operating leverage on the Heidmar platform with rising rates and more vessels added? A: Yes, the G&A levels are stable, and we have the capacity to add more vessels without affecting G&A. EBITDA margins should remain strong. - Pankaj Khanna, CEO Q: Are you planning to continue the at-the-market stock offering? A: We have kept the flexibility to have the ELOC live, but we have not used it as current levels do not reflect the company's valuation. We do not see a need to raise capital unless there's an accretive transaction. - Pankaj Khanna, CEO Q: What is your pitch to smaller ship owners to utilize your services? A: Heidmar is KYC cleared by all major oil companies and traders, allowing us to realize higher TCEs than most can achieve independently. Our platform benefits both small and large ship owners by offering scale and market intelligence. - Pankaj Khanna, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Heidmar Maritime Holdings Corp.? Here are five stocks we like better. Heidmar Maritime swung to profit in Q1 2026, reporting net income of $2.8 million versus a $6 million loss a year earlier. Revenue jumped to $18.4 million from $5.8 million, driven by stronger tanker rates and more vessels on spot and time-charter voyages. Operating performance improved and cash generation strengthened, with G&A expenses falling to $3.6 million and operating cash flow rising to $6.6 million. The company ended the quarter with $27.6 million in cash, up from $18.6 million at year-end. Management sees continued upside from a tight tanker market and fleet growth, citing geopolitical disruptions, longer shipping routes and strong ton-mile demand as support for rates. Heidmar added eight vessels in the quarter and said it has room to expand further without a major increase in overhead. Heidmar Maritime (NASDAQ:HMR) reported a sharp first-quarter turnaround as higher tanker rates, fleet additions and lower general and administrative expenses boosted earnings, Chief Executive Officer Pankaj Khanna said on the company’s earnings call. For the three months ended March 31, 2026, Heidmar reported consolidated net income of $2.8 million, or $0.05 per basic share, compared with a net loss of $6 million, or $0.10 per share, in the same period of 2025. Khanna said results included $0.6 million of non-cash stock-based compensation tied to share awards granted under the company’s equity incentive plan. → Voya Financial Grows Earnings Across All 3 Business Segments Excluding that non-cash item, adjusted net income was $3.4 million, or $0.06 per share, up from adjusted net income of $0.9 million in the first quarter of 2025. Khanna said total revenue for the quarter was $18.4 million, compared with $5.8 million in the year-earlier period, an increase of $12.6 million, or more than 216%. He attributed the growth to record freight rates and a significant increase in vessels employed on short-term spot and time charter voyages. Heidmar had eight such vessels in the first quarter of 2026, compared with one a year earlier. → SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns The quarter also included a contribution from the platform supply vessel Ace Supplier, which began charter operations in April 2025. In response to an analyst question, Khanna said the vessel operates under a fixed-rate contract. General and administrative expenses fell to $3.6 million from $6.1 million in the first quarter of 2025. Khanna said the decline reflected lower amortization of stock-based compensation after elevated charges in 2025 related to equity awards granted to management. → Ross Stores Earnings Beat Sends Stock To New Highs “As we move through 2026, we expect G&A to remain well controlled relative to our growing revenue base,” Khanna said. Heidmar ended the quarter with cash and cash equivalents of $27.6 million, up from $18.6 million at Dec. 31, 2025. Total assets stood at $76.1 million, while stockholders’ equity increased to $14.2 million from $10.7 million at year-end. Net cash provided by operating activities from continuing operations was $6.6 million, more than double the $3.1 million generated in the first quarter of 2025. Khanna said the figure showed that the company was converting revenue growth into cash generation. Khanna emphasized Heidmar’s asset-light commercial management model, noting that the company does not own vessels. Instead, it earns fee-based revenue by managing tankers in pools or under commercial management arrangements on behalf of shipowners. “Because we grow our fleet without deploying capital into physical assets, our earnings scale with volume and market conditions, not with the balance sheet,” Khanna said. During the first quarter, Heidmar added eight vessels across key tanker categories, including two VLCCs, three Suezmaxes and three MR tankers. Khanna said the company continued to add vessels in the second quarter and had an active pipeline for further additions this year and next. In the question-and-answer session, Tate Sullivan of Maxim asked whether Heidmar had added vessels since the end of the first quarter or April 30. Khanna said additions were ongoing as newbuildings and secondhand vessels joined the platform. He also referenced a recent press release announcing five vessel additions. Laura Maher of B. Riley asked whether elevated rates were discouraging tanker owners from joining Heidmar’s pool and instead keeping them in the time charter market. Khanna said that was “not necessarily” the case, adding that many owners remained interested in the spot market. “We have a constant flow of vessels coming in where owners are buying at elevated rates and are looking to basically play the spot market,” Khanna said. Khanna described the first-quarter tanker market as among the most constructive in recent years, citing heightened geopolitical tensions and disruption in critical shipping lanes, particularly around the Strait of Hormuz and the broader Gulf region. He said rerouting of crude and product cargoes extended voyage distances, tightened effective vessel supply and increased ton-mile demand. According to Khanna, the Strait of Hormuz had been closed for almost three months, removing an estimated 10% to 15% of world supply, net of pipeline volumes bypassing the strait. He said oil price increases had remained modest due to a large release of stocks across the OECD and China, leaving inventories at record lows. Khanna said he expects two lasting effects from the crisis: diversification of crude supply and the build-out of emergency storage. He cited Japan’s dependence on the Middle East for roughly 90% of crude imports, South Korea at 70%, and China and India at about 55% as examples of concentrations that he said were “no longer tenable.” He said buyers turning to the Atlantic basin would lengthen voyage distances and raise ton-mile demand. He also said fuel shortages in certain regions had underscored the need for emergency reserves. “In short, we expect strong rates to persist for the next 12 months and beyond,” Khanna said. Maher also asked whether the company could see continued positive operating leverage as rates rise and more vessels join the platform. Khanna said Heidmar has capacity to add another 20 vessels without affecting G&A, adding that the number could be higher. “The EBITDA margins should stay strong and elevated,” Khanna said. “The G&A will not change substantially going forward.” George Berman of Cabot Lodge Securities asked about Heidmar’s at-the-market stock offering. Khanna said the company had kept flexibility for an equity line of credit but had not meaningfully used it because management did not believe current levels reflected the company’s valuation. “Unless there’s an accretive transaction that requires capital, we do not see any need to raise capital,” Khanna said. Asked how Heidmar pitches its services to smaller shipowners, Khanna said the company’s relationships, know-your-customer approvals with oil companies and traders, and market intelligence give owners access they may not have on their own. He said the platform can also help larger owners that lack scale in a specific vessel segment. Closing the call, Khanna called the quarter “great” and said the company hopes for “an even better quarter for Q2.” Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes. Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Heidmar Maritime Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

ATHENS, Greece and NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ: HMR) today reported its results for the quarter ended March 31, 2026. First Quarter 2026 Highlights Total revenues of $18.4 million, up from $5.8 million in Q1 2025. Net income attributable to shareholders of $2.8 million or $0.05 income per share, basic. Adjusted net income of $3.4 million, which excludes $0.6 million in non-cash stock-based compensation. Cash and cash equivalents of $27.6 million as of March 31, 2026.Adjusted net income is not a measurement recognized under U.S. GAAP (GAAP) and should not be used in isolation or as a substitute for Heidmar’s financial results presented in accordance with GAAP. See “Non-GAAP Financial Measures” later in this Press Release for the definitions and reconciliation of this measurement to the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP. FIRST QUARTER 2026 RESULTS COMPARED TO FIRST QUARTER 2025 Total revenues, earned from commissions, management fees and voyage and time charter hire, were $18.4 million for the three months period ended March 31, 2026, compared to $5.8 million for the three months period ended March 31, 2025. The increase of $12.6 million is mainly attributable to the increased number of vessels that commenced short-term spot and time charter voyages during the first quarter of 2026, including the time charter of the Platform Supply Vessel (PSV) ACE Supplier, which commenced its charter operations in April 2025. The number of such vessels during the first quarter of 2026 being eight compared to one during the first quarter of 2025. Net income attributable to shareholders was $2.8 million or $0.05 income per share, basic. General and administration expenses were $3.6 million for the three months period ended March 31, 2026, compared to $6.1 million for the three months period ended March 31, 2025. The decrease of $2.5 million is mainly due to the amortization of the stock-based compensation mainly related to the performance bonus granted to management and executives in 2025. Key quarterly highlights: Under the purchase agreement with B. Riley Principal Capital II LLC (BRPC II) announced in June 2025, the Company as of March 31, 2026, had issued and sold 260,628 shares at a gross average price of $1.27 per share, generating gross proceeds of approximately $330,940. Fleet Developments: One state-of-the-art eco-design newbuilding Suezmax tanker, built in 2026, joined Heimdar’s commercially managed fleet in March 2026. Two Suezmax tanker vessels: Two Suezmax tankers built in 2009 and 2013, respectively, joined Heidmar’s commercially managed fleet in March and April 2026. One VLCC tanker vessel: One VLCC tanker built in 2006, joined Heidmar’s commercially managed fleet in March 2026. One MR1 tanker vessel: One MR1 tanker built in 2006 joined Heidmar’s commercially managed fleet in April 2026. Management Commentary Pankaj Khanna, Chief Executive Officer of Heidmar, commented: Heidmar entered 2026 with strong commercial momentum, an expanding modern managed fleet, and a strategic position that allows the Company to benefit from one of the most profound realignments of global energy trade in a generation. The world is moving away from the era of short, predictable oil and gas flows, and is entering one of the most dynamic periods the tanker markets have seen in years. During the first quarter of 2026, freight rates rose to historically elevated levels, supported by heightened geopolitical tensions and ongoing disruption across key shipping lanes, including increased volatility in and around the Strait of Hormuz and the broader Gulf region. As importing nations respond to these risks, we are seeing the early stages of a deliberate diversification of supply sources, meaningful rerouting of cargoes, and longer-haul trading patterns, all of which reduce effective vessel supply and drive stronger, more durable tonne-mile demand across crude and product tanker markets. The Company generated total revenue of $18.4 million for the three months ended March 31, 2026, compared to $5.8 million for the same period in 2025. The increase of $12.6 million was primarily driven by a higher number of vessels employed on short-term spot and time charter voyages during the quarter, as well as the overall expansion of the Company’s commercially managed fleet. Adjusted net income rose to $3.4 million, compared to $0.9 million in the same period last year, a result that strips out certain non-cash items and offers a clean view of the underlying earning power of the Heidmar platform. We see this environment as the foundation of a multi-year growth story for Heidmar. As governments and refiners work to reduce their dependence on any single supplier or transit route, they are sourcing crude and refined products from a wider and more distant set of origins, and we expect many will move in time to build and replenish strategic reserves to insulate their economies from future shocks. Each of these shifts lengthens voyages, increases the number of vessels required to move the same volume of energy, and rewards owners and operators who can offer reliable, transparent, and flexible access to high-quality tonnage. Heidmar’s commercial and pool management platform, our long-standing customer relationships, and our presence across the world’s major energy hubs position us to help importing nations and their counterparties secure the shipping capacity they need to achieve these goals. Further reinforcing this momentum, Heidmar recently announced the expansion of its commercially managed fleet with the addition of five vessels across key tanker segments. These additions included one state-of-the-art eco-design Suezmax newbuilding delivered in 2026, two Suezmax tankers built in 2009 and 2013, respectively, one VLCC tanker built in 2006, and one MR1 tanker built in 2006. These fleet developments build on the Company’s continued strategy of selectively adding modern, fuel-efficient vessels through a combination of newbuildings and high-quality secondhand tonnage. Collectively, these additions further enhance Heidmar’s ability to serve customers across an increasingly complex global energy map, where diversification of supply, the rerouting of trade, and the prospect of strategic stock-building continue to support elevated tonne-mile demand and strong vessel utilization. While the geopolitical backdrop remains uncertain, we believe the structural forces now reshaping global energy trade represent a significant and durable growth opportunity for Heidmar, and we intend to scale our platform thoughtfully to help our customers navigate it. Conference Call details: Our management team will host a conference call to discuss our financial results on May 27, 2026, at 09:00 a.m. Eastern Time (ET). Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (UK Toll Free Dial In). Please quote “Heidmar” to the operator and/or conference ID 13760794. Click here for additional participant International Toll- Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Webcast: There will also be a live, and then archived, webcast of the conference call, available through the Company’s website. To listen to the archived audio file, visit www.heidmar.com and click on Financials and Presentations. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Heidmar Maritime Holdings Corp. Heidmar is an Athens-based, commercial and pool management business serving the crude and product tanker market and Heidmar is committed to safety, performance, relationships and transparency. With operations in Athens, London, Singapore, Chennai, Hong Kong and Dubai, Heidmar has a reputation as a reliable and responsible partner with a goal of maximizing its customers' profitability. Heidmar seeks to offer vessel owners a "one stop" solution for all maritime services in the crude oil and refined petroleum products sectors. Heidmar believes its unique business model and extensive experience in the maritime industry allows the Company to achieve premier market coverage and utilization, as well as provide customers in the sector with seamless commercial transportation services. For more information, please visit www.heidmar.com. The information on or accessible through our website does not form a part of and is not incorporated by reference into this release. Forward-Looking Statements This release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Company. All statements other than statements of historical facts contained in this press release, including statements regarding the Company’s future results of operations and financial position, business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Heidmar are forward-looking statements. These forward- looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include unforeseen liabilities, expansion and growth of the Company’s operations, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker, container or PSV vessel capacity, changes in the Company’s operating expenses, demand for the Company’s managed fleet, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general international geopolitical conditions and conflicts, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off‐ hires, and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond the Company’s control, you should not rely on these forward-looking statements as predictions of future events. Forward- looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations. CONTACT INFORMATION: Investor Relations/Media Contact: Nicolas Bornozis / Daniela GuerreroCapital Link, Inc.230 Park Avenue, Suite 1540New York, N.Y. 10169Tel.: (212) 661-7566 Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") represent net income/ (loss) before interest and finance (income)/ costs, net, depreciation and amortization and income taxes, if any, during a period. EBITDA is not a recognized measurement under U.S. GAAP. Adjusted EBITDA represents EBITDA further adjusted to exclude stock-based compensation and the non-cash expense relating to the fair value of the earnout shares which the Company believes are not indicative of the ongoing performance of its core operations. We present EBITDA and Adjusted EBITDA as we believe that these measures are useful to investors as a widely used means of evaluating operating profitability. Management also uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. Adjusted EBITDA has certain limitations in use and should not be considered an alternative to net income/ (loss), cash flow from operating activities or any other measure of financial performance presented in accordance with U.S. GAAP. Adjusted EBITDA excludes some, but not all, items that affect net income/(loss). EBITDA and Adjusted EBITDA as presented here may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures should not be considered in isolation from, as a substitute for, or superior to, financial measures prepared in accordance with U.S. GAAP. Heidmar considers Adjusted net income to represent net income/ (loss) before certain non-cash items, including the loss on the fair value of the earnout shares and amortization of stock-based compensation. We have included adjustments for these items because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects these items may have from period-to-period. Our presentation of Adjusted net income should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Adjusted net income per share attributable to shareholders equals Adjusted net income per share attributable to shareholders divided by the weighted average number of shares outstanding during the period. Adjusted net income per share do not represent and should not be considered as an alternative to net income/ (loss) and net income/ (loss) per share, as determined by GAAP. The Company's definition of Adjusted net income may not be the same as that used by other companies in shipping or other industries. Adjusted net income is not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows.

Euroseas Ltd. (ESEA) came out with quarterly earnings of $4.7 per share, beating the Zacks Consensus Estimate of $4.54 per share. This compares to earnings of $3.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.52%. A quarter ago, it was expected that this company would post earnings of $4.47 per share when it actually produced earnings of $4.48, delivering a surprise of +0.22%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Euroseas, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $57.54 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.84%. This compares to year-ago revenues of $57.98 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Euroseas shares have added about 30.4% since the beginning of the year versus the S&P 500's gain of 8.6%. While Euroseas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Euroseas was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.31 on $57.33 million in revenues for the coming quarter and $17.34 on $233.2 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Shipping is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Heidmar Maritime Holdings Corp. (HMR), another stock in the same industry, has yet to report results for the quarter ended March 2026. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Heidmar Maritime Holdings Corp.'s revenues are expected to be $28.96 million, up 395.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Euroseas Ltd. (ESEA) : Free Stock Analysis Report Heidmar Maritime Holdings Corp. (HMR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research