The earnings call reflects a mix of positive and negative aspects. On the positive side, Safe Bulkers showcased strong fleet renewal efforts, consistent dividend payouts, and robust liquidity and capital resources. However, these positives are tempered by decreased revenues, lower profitability, increased operating expenses, and reduced earnings per share due to a weaker charter market.

Company Guidance

During the Safe Bulkers second quarter 2025 conference call, the company highlighted several key metrics and strategic moves amidst a softer market environment. The firm declared a $0.05 per share dividend, maintaining a 4.7% annualized yield, and reported an adjusted EBITDA of $25.5 million, down from $41.8 million in the same period of 2024. They operated an average of 46.75 vessels with a time charter equivalent of $14,857, a decrease from $18,650 in 2024. The company emphasized maintaining strong liquidity with $104 million in cash and $315 million in combined liquidity and capital resources, alongside a comfortable leverage of 38%. The fleet renewal strategy included the delivery of their 12th newbuild and the sale of an older vessel, while focusing on energy-efficient newbuilds to compete within the global environmental regulatory landscape. Additionally, Safe Bulkers secured $171 million in contracted revenue and maintained a low net debt per vessel of $9.1 million, underscoring their strategic focus on long-term value creation and fleet optimization.

Fleet Renewal and Expansion

Safe Bulkers has taken delivery of its 12th newbuild and sold one of its oldest vessels, maintaining a young fleet with an average age of 10.3 years versus the global average of 12.6 years. The company has 6 more Phase 3 vessels on order, 2 of which are dual-fuel methanol, aligning with global environmental standards.

Strong Liquidity and Capital Resources

The company maintains $125 million in cash, $188 million in undrawn revolving credit facilities, and $176 million borrowing capacity. This financial strength supports their newbuild program and fleet expansion.

Dividend Consistency

Safe Bulkers declared its 15th consecutive quarterly dividend of $0.05 per share, representing a 4.7% dividend yield.

Environmental and Regulatory Compliance

The company achieved a 0 vessels rating in D and E carbon intensity CII rating for 2024, and 80% of its fleet comprises Japanese-built vessels for energy efficiency.

Safe Bulkers (SB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.10 / -	0.16	―	―	―
Jul 29, 2025	2025 (Q2)	0.07 / 0.01	0.17	-94.12% (-0.16)
May 19, 2025	2025 (Q1)	0.03 / 0.05	0.2	-75.00% (-0.15)
Feb 18, 2025	2024 (Q4)	0.14 / 0.15	0.25	-40.00% (-0.10)
Nov 13, 2024	2024 (Q3)	0.17 / 0.16	0.08	100.00% (+0.08)
Jul 29, 2024	2024 (Q2)	0.19 / 0.17	0.12	41.67% (+0.05)
Apr 29, 2024	2024 (Q1)	0.19 / 0.20	0.1	100.00% (+0.10)
Feb 12, 2024	2023 (Q4)	0.17 / 0.25	0.29	-13.79% (-0.04)
Nov 07, 2023	2023 (Q3)	0.10 / 0.08	0.39	-79.49% (-0.31)
Jul 26, 2023	2023 (Q2)	0.11 / 0.12	0.4	-70.00% (-0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$4.14	$3.81	-7.97%
May 19, 2025	$3.62	$3.74	+3.31%
Feb 18, 2025	$3.55	$3.55	0.00%
Nov 13, 2024	$4.19	$4.07	-2.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Safe Bulkers Inc (SB) report earnings?

Safe Bulkers Inc (SB) is schdueled to report earning on Nov 12, 2025, After Close (Confirmed).

What is Safe Bulkers Inc (SB) earnings time?

Safe Bulkers Inc (SB) earnings time is at Nov 12, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SB EPS forecast?

SB EPS forecast for the fiscal quarter 2025 (Q3) is 0.11.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing