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Recent Updates — ESEA

August 25, 2026View Source ↗

Euroseas Ltd. announced a time charter contract extension for its feeder containership, M/V Jonathan P, for a minimum of 24 to a maximum of 26 months at a gross daily rate of $26,000. The new period commences approximately at the end of November 2026 following a scheduled dry-dock and is expected to generate approximately $12.7 million in EBITDA over the minimum contracted term. This extension increases charter coverage for 2026, 2027, and 2028 to about 97%, 86%, and 50%, respectively. Euroseas Ltd. operates in the container shipping market as an owner and operator of container carrier vessels providing seaborne transportation.

August 14, 2026View Source ↗

Euroseas Ltd. reported second quarter 2026 net income attributable to controlling shareholders of $33.2 million, or $4.77 per share basic and $4.74 diluted, driven by total net revenues of $56.5 million and adjusted EBITDA of $40.1 million. The company declared a quarterly cash dividend of $0.80 per share, payable on September 16, 2026 to shareholders of record on September 9, 2026. As of August 13, 2026, the firm had repurchased approximately 6.8% of its outstanding shares for a total of $11.36 million under its existing program. Euroseas Ltd. operates in the container shipping industry, owning and operating feeder and intermediate containerships.

July 24, 2026View Source ↗

Euroseas Ltd. announced the results of its 2026 Annual General Meeting of Shareholders on July 24, 2026. The filing serves as a formal report of the meeting outcomes. The company operates in the maritime industry, primarily engaged in the ownership and operation of dry bulk vessels.

June 16, 2026View Source ↗

Euroseas Ltd. announced on June 15, 2026, that it has exercised options to construct two additional 1,800 TEU gearless, fuel-efficient feeder containerships at Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. in China. Each vessel has a total consideration of approximately $32.26 million, to be financed through a mix of debt and equity. The new vessels are scheduled for delivery in December 2028 and March 2029. This expansion follows two similar orders placed in April 2026 and aims to capitalize on tight market fundamentals in the feeder segment. The company operates in the container shipping industry as an owner and operator of container carrier vessels.