United Maritime Earnings Reports

United Maritime Corporation reported a decrease in net revenues and a higher net loss for Q1 2025 compared to Q1 2024, primarily due to seasonally weak conditions in the dry bulk market. Despite the softer quarter, the company declared a quarterly dividend and increased its equity stake in an Energy Construction Vessel joint venture, signaling strategic diversification.

United Maritime generated $10.8 million in net revenues in Q4 2024, slightly down from the prior year. The company recorded a net loss of $1.8 million, with adjusted net loss at $0.7 million. Adjusted EBITDA increased to $5.1 million, supported by efficient fleet management and optimization efforts.