Overview
Seanergy Q2 2025 revenue of $37.5 mln beats analyst expectations
Adjusted net income of $3.8 mln surpasses analyst estimates
Adjusted EBITDA of $18.3 mln exceeds analyst expectations
Outlook
Company expects Q3 2025 TCE rate of $23,081
62% of Q3 2025 operating days fixed at $22,375 TCE rate
Seanergy sees favorable market fundamentals supporting charter rates
Company has no further debt maturities in 2025
Result Drivers
CAPESIZE MARKET - Stronger Capesize market and strategic hedging activities contributed to profitability, per CEO Stamatis Tsantanis
TCE PERFORMANCE - Fleet's daily TCE rate of $19,807 outperformed Baltic Capesize Index by 6%
FINANCING ACTIVITIES - Completed $110.6 mln financings and refinancings, including $22.5 mln sale and leaseback transaction
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $37.50 mln | $35.50 mln (5 Analysts) |
Q2 Adjusted Net Income | Beat | $3.80 mln | $1.74 mln (5 Analysts) |
Q2 Adjusted EBITDA | Beat | $18.30 mln | $16.80 mln (5 Analysts) |
Q2 Basic EPS | $0.14 | ||
Q2 Dividend | $0.05 |
Press Release: ID:nGNX16MF4J
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)