Costamare Inc. Reports $220.4 Million in Q3 Revenue, $0.73 GAAP EPS

Costamare Inc. posted $220.387 million in third-quarter revenue and $0.73 in GAAP earnings per share from continuing operations, both lower than a year earlier, while liquidity stood at $733.1 million.

Revenue for the quarter ended Sept. 30, 2026, compared with $225.168 million in the same quarter of 2025. Continuing operations produced $88.526 million in net income available to common stockholders.

Voyage revenue totaled $212.063 million, while investments in leaseback vessels contributed $8.324 million. Adjusted net income available to common stockholders totaled $89.391 million, or $0.74 per share. Costamare classifies those adjusted figures as non-GAAP measures.

“During the third quarter of the year, the Company generated Net Income of approximately $88 million. Total liquidity amounted to $733 million,” CFO Gregory Zikos said.

Costamare had fixed 100% of its containership fleet for 2026 and 99% for 2027, with approximately $6.0 billion in contracted revenue. Following the May 2025 spinoff of its dry-bulk business, Costamare presents that operation as discontinued in the relevant financial statements.