Euroseas Ltd. reported total net revenues of $56.5 million for the second quarter ending June 30, 2026. Net income reached $33.2 million during this period. The company operated an average of 21 vessels at high time charter equivalent rates. Strong charter contracts and low drydocking expenses drove the performance. These results exceeded analyst expectations for both earnings and revenue.
The company declared a quarterly dividend of $0.80 per share. This dividend is payable in mid-September 2026. Euroseas continues its $20 million share buyback program. The firm has already repurchased approximately 6.8% of its outstanding common shares. Strong charter coverage for the remainder of 2026 and 2027 provides earnings visibility.