Euroseas reported second-quarter 2026 net income attributable to controlling shareholders of $33.2 million, or $4.77 per basic share and $4.74 diluted, on total net revenues of $56.5 million, and declared a quarterly dividend of $0.80 per share payable on or about Sept. 16, 2026 to shareholders of record on Sept. 9. Adjusted net income attributable to controlling shareholders was $32.9 million and adjusted EBITDA was $40.1 million. For the first half of 2026, net income attributable to controlling shareholders was $65.7 million, or $9.44 basic and $9.39 diluted per share, on total net revenues of $112.3 million, while adjusted EBITDA reached $81.0 million. The company said its results were supported by strong containership charter demand, high daily rates and minimal drydocking, with an average of 21.0 vessels operating in both the quarter and the first half. Average time charter equivalent rate (shipping revenue per operating day) was $30,306 per day in the second quarter and $30,330 per day in the first half. Chairman and CEO Aristides Pittas said charter coverage is over 95% for the remainder of 2026, 81% for 2027 and 47% for 2028, which he said should keep profitability strong even as charters are renewed. Management said market conditions remained firm through July and early August despite geopolitical uncertainty, including the war in Iran and continued Houthi attacks in the Red Sea that have kept major liner companies from returning to regular Suez Canal transits. Euroseas said those disruptions have increased teu-miles (container cargo distance demand) and vessel needs, supporting charter rates. At the same time, Pittas warned that a future reversal of those inefficiencies and absorption of the containership orderbook could pose medium-term challenges, although he said the feeder and intermediate segments where Euroseas operates have smaller orderbooks and older fleets that may limit supply growth. Euroseas said it has expanded its newbuilding program to 12 vessels, with deliveries scheduled from the third quarter of 2027 through the first quarter of 2029. As of Aug. 13, 2026, the company had repurchased 480,460 common shares, about 6.8% of outstanding stock, for about $11.36 million under its up to $20 million buyback plan launched in May 2022. Outstanding debt stood at $208.1 million as of June 30, 2026, while restricted and unrestricted cash totaled $164.3 million.