Costamare Inc. reported third quarter 2026 voyage revenue of $212.1 million, a 1.8% decrease compared to the same period in 2025. Net income from continuing operations available to common stockholders was $88.5 million ($0.73 per share), while adjusted net income was $89.4 million ($0.74 per share). The company maintains strong liquidity of $733.1 million following the completion of a major debt refinancing program.
Key Highlights
- Completed $1.3 billion in bilateral financing agreements since Q2 2026, extending debt maturities with no significant obligations due until 2030.
- Containership fleet utilization is fully secured for 2026 and 99% fixed for 2027 on a TEU basis, with total contracted revenues of approximately $6.0 billion.
- The company's unencumbered fleet grew to 23 vessels, providing significant balance sheet flexibility for future fleet renewal.
- Neptune Maritime Leasing platform grew to 47 shipping assets with total investments and commitments exceeding $650 million.