CMRE Costamare Inc.
Price Chart
Executive Summary
Costamare Inc. reported Q1 2026 results with total revenues of $211.1M, down 5.3% YoY from $222.9M, and net income from continuing operations of $81.9M, down 26.8% from $111.9M. Preferred dividends were paid as scheduled, and the issuer remains profitable with solid cash flow, though the earnings decline signals a softer market for container shipping.
Actionable Insight
Preferred dividends remain well-covered by earnings and cash flow. The revenue and earnings decline warrants monitoring of container shipping rates and the company's ability to maintain profitability as newbuild vessels enter service. No immediate credit risk, but a sustained downtrend could pressure the preferred stock.
Key Facts
- Q1 2026 total revenues $211.1M vs $222.9M in Q1 2025, a 5.3% decline.
- Net income from continuing operations $81.9M vs $111.9M, down 26.8%.
- Preferred dividends paid: $5.1M allocated to preferred stock in Q1 2026, unchanged.
- Operating income fell to $97.3M from $123.1M, driven by lower voyage revenue and higher expenses.
- Cash and cash equivalents increased to $575.1M from $519.8M at year-end 2025.
Financial Impact
Revenue decline of ~$11.8M and net income decline of ~$30M from continuing operations in Q1 2026 vs Q1 2025.
Risk Factors
- Further deterioration in container shipping market conditions.
- Large capital commitments ($0.7B) for newbuilds could strain liquidity if earnings continue to decline.
- Concentration of charterers (80% of revenue from top 5).
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-003578 |
| Document: f6k_052026.htm | 0001171843-26-003578 |
| Document: 0001171843-26-003578-index-headers.html | 0001171843-26-003578 |
| Document: 0001171843-26-003578-index.html | 0001171843-26-003578 |
| Document: 0001171843-26-003578.txt | 0001171843-26-003578 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 20, 2026
23d ago
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6-K
| $26.35 $26.26 | ▼ −0.34% | ▼ −2.19% | $16.60 (−37.00%) |
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Apr 29, 2026
6w ago
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6-K
| $26.50 $26.40 | ▼ −0.38% | ▼ −3.49% | $16.60 (−37.36%) |
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Apr 27, 2026
6w ago
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Press Release
| $16.76 $16.13 | ▲ +3.76% | ▲ +4.16% | $16.60 (+0.95%) |
|
Apr 2, 2026
10w ago
|
6-K
| $26.23 $26.38 | ▲ +0.60% | ▼ −3.02% | $16.60 (−36.70%) |
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Apr 2, 2026
10w ago
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Press Release
| $17.17 $17.11 | ▼ −0.35% | ▼ −3.97% | $16.60 (−3.30%) |
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Mar 4, 2026
14w ago
|
Press Release
| $16.70 $16.09 | ▼ −3.63% | ▼ −1.39% | $16.60 (−0.59%) |
US Market Status
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