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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Castor Maritime
Castor Maritime (CTRM) investor relations material
Castor Maritime Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary14 Sep, 2026
Executive summary
Net income reached $26.8 million for Q2 2026, up 325.4% year-over-year; six-month net income was $96.0 million, reversing a prior-year loss.
Total vessel revenues rose 46.1% year-over-year to $14.9 million in Q2 2026; service revenues increased 37.2% to $10.7 million.
Stronger dry bulk market conditions and higher charter rates drove significant improvements in Daily TCE Rate and overall profitability.
Two modern-eco Kamsarmax bulk carriers were acquired, and a portion of a sustainability-linked loan was prepaid.
Financial highlights
Q2 2026 adjusted net income was $11.6 million, up from $2.0 million in Q2 2025; adjusted EBITDA was $16.8 million, up from $6.4 million.
Six-month adjusted net income was $21.3 million, up from $6.9 million; adjusted EBITDA was $32.1 million, up from $16.3 million.
Basic EPS for Q2 2026 was $1.70, up from $0.34; six-month basic EPS was $6.35, up from $(1.84).
Cash and restricted cash stood at $109.4 million as of June 30, 2026, down from $152.8 million at year-end 2025.
Total debt decreased to $73.8 million from $85.6 million at year-end 2025.
Outlook and guidance
Management expects to capitalize on improved market conditions and maintain disciplined capital allocation to pursue long-term shareholder value.
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Latest events from Castor Maritime
- Q1 2026 net income soared to $69.2M, driven by higher charter rates and equity gains.CTRM
Q1 2026 - Net income surged in 2025, driven by higher charter rates and strategic asset management.CTRMQ4 2025
- Q3 2025 net income surged to $21M on investment gains, with strong liquidity and high fleet utilization.CTRMQ3 2025
- Revenue and earnings fell sharply in 2025, but debt was substantially reduced.CTRMQ2 2025
- Revenue and earnings fell sharply in Q1 2025, but debt reduction improved financial flexibility.CTRMQ1 2025
- Net income rebounded and debt plummeted as Castor Maritime expanded its fleet in 2024.CTRMQ3 2024
- Q2 2024 net income soared 179% year-over-year as vessel sales and investments boosted results.CTRMQ2 2024
- MPC Capital acquisition diversifies Castor Maritime as shipping revenues decline in 2024.CTRMQ4 2024
Next Castor Maritime earnings date
Q3 202620 Nov, 2026
Castor Maritime
Next Castor Maritime earnings date
Q3 202620 Nov, 2026
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Frequently asked questions
Castor Maritime Inc. is a shipping company specializing in the maritime transportation of dry bulk cargoes. The company operates a fleet of vessels that transport a variety of bulk commodities, including coal, grain, and iron ore, across global shipping routes. Castor Maritime's services cater to a diverse range of clients in industries such as mining, agriculture, and manufacturing, offering flexible and efficient shipping solutions. The company is headquartered in Limassol, Cyprus, and its shares are listed on the NASDAQ.