Costamare Bulkers Q2 2026 Earnings: Derivative Marks Widen the Adjusted Profit Gap
Costamare Bulkers’ Q2 2026 earnings included $111.6 million of total voyage revenue, $5.2 million of GAAP net income, or $0.21 per share, and $9.8 million of adjusted net income, or $0.40 per share. The gap largely reflected a $3.7 million adjustment for derivative losses excluding realized effects. Operating cash flow was $1.3 million, while quarter-end liquidity reached $331.5 million and cash plus margin deposits exceeded debt by $108.9 million. The company also completed the Cargill trading-book transfer and agreed to sell the 2009-built Bermondi.
TradingKeyMon, Aug 3