
• Reported GAAP EPS of $0.62 down -21.52% YoY • Reported revenue of $211.06M down -52.70% YoY • Costamare's management will recommend increasing the quarterly dividend from $0.115 to $0.125 per common share, starting Q2 2026. The company also secured 16 newbuilds adding $2.8 billion in contracted revenues.
Bullish
Costamare secured 16 newbuilds adding $2.8 billion in contracted revenues and extended fleet duration. High fleet employment and a dividend increase reflect Costamare's strong cash flows and profitability.
Bearish
Costamare experienced a 7.2% decrease in voyage revenue to $201.6 million, coupled with increased operating expenses and a decline in Net Income from Continuing operations to $81.9 million.