Costamare Bulkers
Charters Capesize-to-Supramax bulk carriers on index-linked rates through a Cargill-anchored trading platform.
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Profile
Owns a fleet of dry-bulk carriers spanning Capesize through Supramax classes, employed mostly on index-linked period charters that track prevailing spot rates. A chartering platform books cargo commitments and freight-derivative positions alongside Cargill, the counterparty now anchoring most of that trading book following a 2025 cooperation agreement.
Split off from Greek containership operator Costamare in a 2025 share distribution, the company owns dry-bulk carriers spanning Capesize through Supramax classes, most chartered out on index-linked periods tracking prevailing spot rates rather than fixed hire.
An in-house chartering arm books cargo commitments and freight-derivative positions alongside the owned fleet. Since a 2025 cooperation agreement, Cargill has absorbed most of that trading book, chartered in several owned Supramaxes, and taken over bunker procurement, leaving the arm centered on Kamsarmax-class tonnage.
Chartering and operations run from Athens, with derivatives handled in Monaco and agency support across Singapore, Hamburg, Copenhagen and Tokyo. Crewing and management run through related-party agreements with sponsor-group companies, not direct employment.
Incorporated in the Marshall Islands and headquartered in Monaco, the company files as a foreign private issuer; the family controlling its former parent remains its largest shareholder.
Company facts
Categories
Key statistics
Year to date +36.1% · Average volume (30d) 75.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | — | $0.25 | — | — | $129.8M | — | +2.97% |
| May 13, 2026Q1 FY26 | — | $0.51 | — | — | $130.5M | — | +0.63% |
| Feb 20, 2026Q4 FY25 | — | −$0.07 | — | — | $218.5M | — | −3.17% |
| Nov 14, 2025Q3 FY25 | — | $0.22 | — | — | $222.9M | — | +0.51% |
Financial highlights
| 8 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $77.9M | $77.9M | $222.9M | $218.5M | $130.5M | $129.8M | |
| Gross profit | $3.6M | $3.6M | $27.4M | $28.3M | $36.9M | $35.7M | |
| Operating income | −$9.3M | −$9.3M | −$9.4M | −$2.6M | $7.2M | $8.3M | |
| Net income | −$13.3M | −$13.3M | $7.4M | −$18.2M | $11.6M | $6.0M | |
| Diluted EPS | −$0.52 | −$0.55 | $0.30 | −$0.88 | $0.48 | $0.25 | |
| Gross margin | 4.6% | 4.6% | 12.3% | 13.0% | 28.3% | 27.5% | |
| Operating margin | -11.9% | -11.9% | -4.2% | -1.2% | 5.5% | 6.4% |
Fiscal years (4-quarter sums)FY25 $597.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $263.1M · Total debt $196.9M · Total assets $1.05B · Shareholders' equity $780.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 24.24M · Float 7.87M · 32.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Konstantakopoulos Konstantinos | 7.46M | 30.90% | 13D | Oct 20, 2025 |
| Achillefs Konstantakopoulos | 4.98M | 20.50% | 13D | Jul 20, 2026 |
| Konstantakopoulos, Christos | 3.81M | 15.70% | 13G | May 6, 2025 |
| Dimensional Fund Advisors LP | 1.29M | 5.34% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 556.3K | 2.29% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Grigorios Zikos | director, officer: Chief Executive Officer | −24,203 | $18.30 |
| Mar 27, 2026 | Katerina Eleftheriou | director | +65 | $15.11 |
Peers
- Star Bulk Carriers
Largest US-listed dry-bulk owner across all size classes, ~97% scrubber-fitted
- Safe Bulkers
Family-run Marshall Islands dry-bulk owner, Panamax to Capesize on NYSE
- Genco Shipping & Trading
US-listed dry-bulk owner, Capesize plus Ultramax/Supramax, variable dividend
- Diana Shipping
Marshall Islands dry-bulk owner with Capesize-to-Ultramax fleet on NYSE
- Himalaya Shipping
Bermuda dual-fuel Newcastlemax dry-bulk owner, NYSE and Oslo Børs dual-listed
- Navios Maritime Partners
Diversified dry-bulk, container, and tanker owner; dry-bulk ~39% of fleet
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Costamare Bulkers | $20.52 | −0.77% | $497.4M | 136.8 | — | 0.7 | — |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| Safe Bulkers | $8.52 | −0.06% | $867.6M | 11.0 | 14.2 | 2.8 | +33.0% |
| Genco Shipping & Trading | $25.88 | −0.02% | $1.13B | 28.6 | 12.2 | 2.6 | +14.0% |
| Diana Shipping | $2.76 | −0.90% | $343.4M | 5.7 | 8.0 | 1.6 | +4.8% |
| Himalaya Shipping | $16.99 | +1.74% | $787.3M | 14.8 | 10.7 | 4.7 | +77.3% |
| Navios Maritime Partners | $87.16 | −0.09% | $2.48B | 5.7 | 4.7 | 1.7 | +25.2% |
| Median | 11.5 | 9.4 | 2.7 | +20.1% |