Costamare posts Q3 2026 earnings beat and completes $1.3 bn refinancing
Costamare Inc. reported adjusted net income of $89.4 million and adjusted EPS of $0.74 for the third quarter of 2026, beating analyst expectations. The company completed $1.3 billion of refinancing and added a $92 million loan, extending debt maturities with no repayment due until 2030. Its containership fleet is 99% booked for 2027, securing about $6.0 billion of contracted revenue. A dividend of $0.125 per share was declared.
Why it matters
The refinancing reduces financing costs and pushes debt maturities beyond 2030, which the company says de‑risks its balance sheet. The high level of contracted revenue and near‑full fleet utilization provide visibility into future cash flows.
Key facts
- 1Adjusted net income from continuing operations was $89.4 million ($0.74 per share). stocktitan.net
- 2Net income from continuing operations was $88.5 million ($0.73 per share). stocktitan.net
- 3Liquidity amounted to $733.1 million. stocktitan.net
- 4The company completed $1.3 billion of refinancing agreements covering 39 vessels. stocktitan.net
- 5A $92 million loan agreement was signed, with drawdown expected in Q4 2026. stocktitan.net
- 6The containership fleet was 99% fixed for 2027, with contracted revenues of approximately $6.0 billion and a TEU‑weighted duration of 5.8 years. stocktitan.net
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.