Company Overview - TEN Ltd. is a leading diversified crude, product, and LNG tanker operator, founded in 1993 and celebrating 33 years as a public company [5] - The company's fleet consists of 82 vessels, including ten DP2 shuttle tankers, three VLCCs, and five scrubber-fitted LR1 tankers under construction, totaling approximately 11 million deadweight tons (dwt) [5] Financial Results Announcement - TEN will report its financial results for the fourth quarter and year ended December 31, 2025, prior to the market opening in New York on March 6, 2026 [1] - A conference call will be held on the same day at 10:00 am Eastern Time to review the results and management's outlook for the business [2] Conference Call Details - Participants are encouraged to dial in 10 minutes before the scheduled time using the provided numbers: 877-405-1226 (US Toll-Free) or +1 201-689-7823 (International) [3] - There is an option for participants to register for the call using a "call me" feature for a faster connection [4] - A live and archived webcast of the conference call, along with accompanying slides, will be available on the company's website [5]

Core Viewpoint - EuroDry Ltd. is set to release its financial results for the fourth quarter ended December 31, 2025, on February 19, 2026, after market closes in New York [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and webcast on February 20, 2026, at 8:00 a.m. Eastern Time [2] - Participants can join the call by dialing in 10 minutes before the scheduled time using specific numbers provided [3] - An audio webcast of the conference call will be available live and archived on the company's website [5] Group 2: Company Overview - EuroDry Ltd. was formed on January 8, 2018, to consolidate the drybulk fleet of Euroseas Ltd. into a separate public company and trades on NASDAQ under the ticker EDRY [7] - The company operates in the dry cargo, drybulk shipping market, managed by Eurobulk Ltd., which handles day-to-day operations [8] - EuroDry has a fleet of 11 vessels with a total cargo capacity of 766,420 dwt, and plans to expand to 13 vessels with a capacity of 893,420 dwt after the delivery of two Ultramax vessels in 2027 [9]

Core Viewpoint - Genco Shipping & Trading reported strong financial performance in Q4 2025, highlighting a significant increase in dividends and adjusted EBITDA, alongside a strategic focus on fleet growth and deleveraging [1][2][6]. Financial Performance - The board declared a $0.50 per share dividend for Q4 2025, the highest in three years, with operating cash flow of $41 million and a voluntary reserve of $19.5 million [1]. - Adjusted EBITDA for Q4 totaled $42 million, a 94% increase sequentially from Q3, with full-year adjusted EBITDA at $85.9 million [2]. - Q4 net income was reported at $15.4 million, or $0.35 per share, with adjusted net income of $17.3 million, or $0.40 and $0.39 per basic and diluted share [2]. Dividend Strategy - Genco declared its 26th consecutive dividend, marking the longest uninterrupted dividend period in its dry bulk peer group, with an annualized yield of about 9% based on the current share price [3]. - The Q4 dividend represented a 233% increase from the Q3 2025 dividend, with payouts ranging from $0.15 to $0.50 per quarter over the past three years [7]. Strategic Initiatives - Since implementing its value strategy in April 2021, Genco has invested $347 million in modern vessels, distributed $270 million in dividends, and paid down $249 million of debt, achieving a net loan-to-value ratio of 12% [4][5]. - The company plans to purchase two Newcastlemax vessels, expecting to take delivery in March 2026, with remaining capital expenditures of $131 million primarily funded through revolver proceeds [9][10]. Market Conditions - The dry bulk freight market showed improvement in the second half of 2025, with the Baltic Capesize Index averaging nearly $29,000 per day in Q4, driven by high Brazilian iron ore shipments [16]. - Demand indicators showed a 7% year-over-year increase in China's iron ore imports in Q4, and Brazilian iron ore shipments rose 26% in the second half compared to the first half [17]. Fleet and Operational Performance - Genco reported a time charter equivalent (TCE) of $20,064 per day in Q4, attributed to maximizing vessel utilization and completing 90% of its dry-docking schedule [8]. - The company expects Q1 2026 TCE to be approximately $18,000 per day, over 50% higher than Q1 2025 levels, indicating strong momentum into the new year [13]. Capital Allocation and Future Outlook - Genco prioritizes dividends alongside fleet replacement and growth, aiming to cycle out older vessels for more modern, fuel-efficient ships [20]. - The company has only 20% of the year fixed, leaving it 80% exposed to spot market strength, with plans to evaluate term charters periodically [20].

Costamare logo Key Points Financials: Q4 net income was about $73 million and full-year net income about $370 million (adjusted FY net income ~$376M, or $3.12/share), with year-end liquidity of roughly $590 million. Contracting and fleet deployment: The company forward-chartered 12 vessels (4k–14k TEU), adding about $940 million of incremental contracted revenue and bringing total contracted revenues to ~$3.4 billion, with a TEU-weighted remaining duration of 4.5 years and fixed revenue days of ~96% for ...

Financial Data and Key Metrics Changes - The company generated a net income of approximately $73 million for the fourth quarter and about $370 million for the entire year, with liquidity standing at $590 million [3][4] - Adjusted net income for 2025 was around $376 million or $3.12 per share, while adjusted net income for the quarter was about $72 million or $0.60 per share [4][5] Business Line Data and Key Metrics Changes - The company has forward-chartered 12 vessels with a TEU weighted average duration of six years, resulting in incremental contracted revenues of approximately $940 million [3][5] - Fleet deployment is currently at 96% for 2026 and 92% for 2027, with total contracted revenues reaching $3.4 billion and a remaining time charter duration of 4.5 years [3][5] Market Data and Key Metrics Changes - The charter market remains strong with an idle fleet of less than 1%, indicating high demand for tonnage and limited supply of vessels available for charter [4][6] - Charter rates in the container market are at robust levels, with the added fleet remaining at very low levels of 0.5% [6] Company Strategy and Development Direction - The company is focused on securing long-term cash flows from high-quality counterparties in a healthy market environment [3] - Investments in Neptune Maritime Leasing have exceeded $665 million, with 54 shipping assets funded or in commitment status [4][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's low leverage and prudent debt repayment strategy, indicating no immediate need for early debt prepayment [11] - The management emphasized that deferred revenues are primarily an accounting treatment and should not be a concern, focusing instead on cash revenue [12][16] Other Important Information - The company has agreed to pre- and post-delivery financing for six newbuild vessels and has refinanced two container ships at a lower funding cost [5][6] - The company maintains a long, uninterrupted dividend track record [6] Q&A Session Summary Question: Regarding debt repayment and investment expectations - Management indicated that the company has low leverage and does not foresee the need to prepay debt earlier than the original maturity, although some refinancing may occur [11] Question: Amortization of deferred revenues - Management clarified that the increase in deferred revenues is mainly an accounting treatment related to charter hire fluctuations and should not be a concern, as cash revenue is the focus [12][16]

Financial Data and Key Metrics Changes - The company generated a net income of approximately $73 million for the fourth quarter and about $370 million for the entire year, with liquidity standing at $590 million [3][4] - Adjusted net income for 2025 was around $376 million or $3.12 per share, while adjusted net income for the quarter was about $72 million or $0.60 per share [4] Business Line Data and Key Metrics Changes - The company has forward-chartered 12 vessels with a TEU weighted average duration of 6 years, resulting in incremental contracted revenues of approximately $940 million [3][5] - Fleet deployment is currently at 96% for 2026 and 92% for 2027, with total contracted revenues reaching $3.4 billion and a remaining time charter duration of 4.5 years [3][5] Market Data and Key Metrics Changes - The charter market remains strong with high demand for tonnage and limited supply of vessels available for charter, as the added fleet is less than 1% [4][6] - Charter rates in the container market are at robust levels, indicating a fully employed market [6] Company Strategy and Development Direction - The company is focused on securing long-term cash flows from high-quality counterparties in a healthy market environment [3] - Investments in Neptune Maritime Leasing have exceeded $665 million, with 54 shipping assets funded or in commitment status [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's low leverage and prudent debt repayment strategy, indicating no immediate need for early debt prepayment [11] - The increase in deferred revenues is primarily an accounting treatment, and management emphasized focusing on cash revenue [12][16] Other Important Information - The company has agreed to pre- and post-delivery financing for all 6 newbuild vessels and has refinanced 2 container ships at a lower funding cost [5] Q&A Session Summary Question: Regarding debt repayment and investment expectations - Management indicated that the company has low leverage and does not see a need to prepay debt earlier than the original maturity, although refinancing may occur [11] Question: Amortization of deferred revenues - Management clarified that the increase in deferred revenues is mainly an accounting treatment related to charter hire fluctuations and should not be a concern, as cash revenue is the focus [12][16]

Fourth Quarter 2025 Financial Results Conference Call February 18, 2026 Forward-Looking Statements This presentation contains certain "forward-looking statements" (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities, events or developments that Costamare Inc. (the "Company") expects, projects, believes or anticipates will or may occur in the future, including, without limitation, future ...

ATHENS, Greece and NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the “Company” or “Heidmar”) (NASDAQ: HMR) is pleased to announce the appointment of Mr. Jagmeet Makkar as Independent Non-executive Director effective as of February 16, 2025. Mr. Makkar brings over 40 years of distinguished experience in shipping operations, commercial management, and risk management. He will also serve as a member of the Company’s Audit Committee. In addition to his extensive background, Mr. Ma ...

Core Viewpoint - Costamare Inc. reported its financial results for the fourth quarter and the year ended December 31, 2025, highlighting the impact of the spin-off of its dry bulk business and the performance of its continuing operations. Financial Performance - For FY 2025, Adjusted Net Income from Continuing operations available to common stockholders was $375.6 million, or $3.12 per share, while Net Income was $371.0 million, or $3.09 per share [9] - Q4 2025 Adjusted Net Income from Continuing operations was $71.8 million, or $0.60 per share, with Net Income at $72.6 million, also $0.60 per share [9] - Liquidity as of Q4 2025 stood at $589.6 million [9] Revenue and Operations - Voyage revenue for FY 2025 decreased by 2.1%, or $17.8 million, to $846.7 million compared to FY 2024 [60] - For Q4 2025, voyage revenue decreased by 6.9%, or $15.0 million, to $202.7 million compared to Q4 2024 [31] - The company entered into 12 new fixtures on a forward basis, generating incremental contracted revenues of approximately $940 million [7][15] Fleet and Employment - As of 2026, 96% of the containership fleet is fixed, with a TEU-weighted duration of approximately 4.5 years and total contracted revenues reaching approximately $3.4 billion [10][16] - The average number of vessels in the owned fleet increased from 68.0 in 2024 to 68.3 in 2025 [56] Expenses and Costs - Voyage expenses for Q4 2025 increased to $14.2 million from $6.1 million in Q4 2024, primarily due to costs associated with EU Emissions Allowances and increased idle days [34] - Vessels' operating expenses for Q4 2025 were $42.4 million, up from $39.2 million in Q4 2024 [37] Cash Flow - Net cash provided by operating activities for Q4 2025 decreased to $118.1 million from $145.4 million in Q4 2024 [50] - Net cash used in investing activities was $26.7 million in Q4 2025, primarily for newbuild container vessels and upgrades [51] Dividend Announcements - On January 2, 2026, the company declared a dividend of $0.115 per share on common stock, paid on February 5, 2026 [17]

Economic Indicators - U.S. February Empire State manufacturing index fell to 7.1, a smaller decline than expectations of 6.4 [3] - Economists expect December Durable Goods Orders to drop -1.8% month-over-month, while Core Durable Goods Orders are expected to rise +0.3% month-over-month [8] - U.S. Building Permits for December are expected to be 1.400 million and Housing Starts to be 1.310 million [9] - Industrial Production and Manufacturing Production are expected to rise +0.4% month-over-month in January [10] Federal Reserve Insights - U.S. rate futures indicate a 92.1% probability of no rate change and a 7.9% chance of a 25 basis point rate cut at the next FOMC meeting in March [1] - Fed Governor Michael Barr stated that interest rates should remain unchanged until clearer evidence of inflation moving toward the 2% target is seen [2] - The minutes from the Fed's January meeting will be closely scrutinized to assess the debate on rate cuts versus keeping rates steady [7] Stock Market Movements - Wall Street's main stock indexes ended positively, with Norwegian Cruise Line Holdings surging over +12% after Elliott Investment Management acquired a more than 10% stake [4] - Southwest Airlines climbed more than +6% after UBS upgraded the stock to Buy with a price target of $73 [4] - ZIM Integrated Shipping Services jumped over +25% following an acquisition agreement with Hapag-Lloyd for $4.2 billion [4] - Genuine Parts tumbled more than -14% after posting downbeat Q4 results and announcing plans to split its auto and industrial parts units [4] Corporate Earnings - Prominent companies such as Analog Devices, Booking Holdings, Carvana, DoorDash, and Occidental Petroleum are set to release quarterly results [11] - Cadence Design Systems climbed more than +7% in pre-market trading after posting upbeat Q4 results and issuing solid FY26 guidance [18] - Palo Alto Networks slumped more than -6% in pre-market trading after cutting its full-year adjusted EPS guidance [18] International Market Developments - The Euro Stoxx 50 Index is up +0.97%, supported by strong gains in defense and bank stocks [13] - U.K. January CPI fell -0.5% month-over-month and rose +3.0% year-over-year, while January Core CPI fell -0.6% month-over-month and rose +3.1% year-over-year [14] - Japan's January Trade Balance stood at -1,152.7 billion yen, with exports rising +16.8% year-over-year [16]