Star Bulk Carriers (SBLK)
NASDAQ:SBLK
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.89Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call painted a largely positive picture: the company reported strong profitability and cash generation, continued disciplined capital returns (buybacks and a $0.50 quarterly dividend), clear fleet renewal and efficiency programs with measurable fuel savings, and a resilient balance sheet with available liquidity and unencumbered assets. Key risks discussed include geopolitical uncertainty, elevated bunker and shipbuilding costs, China's cyclical demand risks, and fleet-aging related off-hire impacts. On balance, the positives (profitability, shareholder returns, efficiency gains, deleveraging and clear capital allocation) materially outweigh the highlighted macro and market headwinds.Company Guidance
Strong Profitability and Cash Generation
Net income of $58.5M; adjusted net income of $63M (adjusted EPS $0.52); Adjusted EBITDA reported at $114.3M (also referenced ~$113M) for Q1 2026, demonstrating strong cash-generating capacity.
Robust Capital Returns to Shareholders
Share repurchases of ~1.9M shares totaling $37.9M year-to-date; Board declared a $0.50 per share quarterly dividend payable ~June 20, 2026; updated policy to distribute 100% of free cash flow subject to maintaining minimum cash of $2.1M per vessel.
Balance Sheet Strength and Liquidity
Reported total cash & equivalents approximately $432M (also slide-level cash flow movement showed beginning quarter $52M and ending $49M after $112M operating cash flow); outstanding debt ~ $874M; undrawn revolver capacity €110M; own 29 debt-free vessels with aggregate market value ~ $700M.
Disciplined Capital Allocation Track Record
Since 2021 executed ~$3.1B of value-enhancing actions (dividends, buybacks, debt repayment), returned ~$1.4B (~$14 per share, ~54% of current share price) and reduced total net debt by 63%, lowering financial risk and enhancing FCF per share potential.
Efficient Operating Metrics
Time charter equivalent (TCE) of $18.5k per vessel per day; combined daily OpEx + net cash G&A $6.42k per vessel per day; daily cash margin ~ $12.1k per vessel per day before debt service and CapEx. Per-vessel OpEx $5.04k/day and net cash G&A $1.38k/day—among lowest peers.
Diversified Fleet Driving Revenue
Fleet generated $212.5M in revenue and ~$113M in adjusted EBITDA across 136 vessels and >12k ownership days. Ultramax/Supramax contributed 38% of revenue ($80.7M) and $39.7M adjusted EBITDA; Newcastlemax/Capesize 33% of revenue and 30% of adjusted EBITDA.
Active Fleet Renewal and Value-Enhancing Investments
Delivered start of newbuilding Kamsarmax program (8 modern Kamsarmax newbuilds on-track for 2026, $195M CapEx remaining); secured ~$130M financing for 5 Qingdao vessels and expect ~$51.2M for 3 Hengli vessels; reported ~ $40M mark-to-market gain from newbuilds. Sold 49 vessels since 2023 and reinvested proceeds into buybacks; Q1 vessel sale proceeds ~ $46.4M.
Fleet Efficiency Upgrades with Measurable Gains
Completed 61 AST (air lubrication/energy saving) installations plus propeller/hull retrofits and telemetry — measured vessel performance improvements of 7%–15%, translating to improved commercial performance and fuel efficiency.
Compelling Forward Cash Flow Sensitivity
With ~48.5k fleet available days and a 12-month SFA curve of ~$20.5k/day fleet-wide, company estimates ~$3.4 per share of free cash flow (13% implied cash flow yield). Every $1.5k fleet-wide TCE increase would add ~$71M EBITDA, equating to ~$0.64 per share incremental dividend.
SBLK Earnings History
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
SBLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | $26.69 | $26.92 | +0.86% |
Feb 25, 2026 | $24.53 | $24.63 | +0.40% |
Nov 18, 2025 | $18.90 | $18.65 | -1.30% |
Aug 06, 2025 | $18.70 | $18.52 | -0.94% |
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 Star Bulk Carriers (SBLK) report earnings?
Star Bulk Carriers (SBLK) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Star Bulk Carriers (SBLK) earnings time?
Star Bulk Carriers (SBLK) earnings time is at Aug 05, 2026, 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 SBLK EPS forecast?
SBLK EPS forecast for the fiscal quarter 2026 (Q2) is 0.89.
