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Safe Bulkers Inc (SB)
NYSE:SB
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: operationally and strategically the company emphasized strong liquidity, disciplined free cash flow generation (17 consecutive quarters), a competitive, predominantly Japanese-built fleet and meaningful contracted revenue backlog. However, near-term operating profitability showed modest deterioration (adjusted EBITDA down ~8.1%, EPS down ~6.7%), vessel operating costs rose materially (~13% YoY), and the top-line freight environment faces macro and China-related downside risks, shipyard timing constraints and fuel transition uncertainty. On balance, the company appears financially resilient with positive structural positioning, but short-term earnings and cost pressures along with market uncertainty temper the outlook.Company Guidance
Dividend Declaration and Shareholder Returns
Board declared a $0.05 per share common dividend for Q4 2025, continuing shareholder distributions and reflecting management confidence in cash generation and capital allocation.
Strong Liquidity and Financial Flexibility
Company reported approximately $167 million cash (as of Feb 13, 2026) plus $218 million available in revolving credit facilities, providing combined liquidity of about $385 million to support operations, investments and shareholder returns.
Contracted Revenue Backlog and Time Charter Coverage
Capesize segment alone has an average daily charter hire of ~$24,000 and a contracted revenue backlog topping $130 million; total contracted revenue backlog cited at roughly $178 million, providing near-term cash flow visibility.
Sustained Free Cash Flow Generation
Company highlighted its 17th consecutive quarter of free cash flow generation, underlining disciplined cost control and consistent cash generation across market cycles.
Fleet Quality, Renewal and Competitive Positioning
Order book of 8 newbuilds (mainly Japanese-built), with fleet ~80% Japanese built vs. ~40% global average, signaling a focus on younger, fuel-efficient tonnage to support competitiveness and CII/efficiency advantages.
Conservative Balance Sheet and Low Net Debt Intensity
Management emphasized a healthy balance sheet with comfortable leverage and a low net debt per vessel of ~€8.4 million, supporting long-term growth optionality.
Market Demand Areas with Growth Potential
BIMCO/IMF forecasts cited: global dry bulk demand growth roughly 2%–3% in 2026; grains expected to grow 5%–6% in 2026; India singled out as a growth engine (GDP ~6.4% projected), supporting ton-mile demand prospects.
SB 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
SB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $6.14 | $6.01 | -2.12% |
Nov 25, 2025 | $4.84 | $5.32 | +9.92% |
Jul 29, 2025 | $4.10 | $3.78 | -7.80% |
May 19, 2025 | $3.58 | $3.70 | +3.35% |
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 May 05, 2026, After Close (Confirmed).
What is Safe Bulkers Inc (SB) earnings time?
Safe Bulkers Inc (SB) earnings time is at May 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 SB EPS forecast?
SB EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.