The earnings call highlights the company's strong fleet renewal and environmental upgrade efforts, dividend declarations, and robust financial position. However, these are tempered by decreased revenue and earnings in a weaker market environment, along with geopolitical and economic uncertainties affecting global growth.
Company Guidance
During the third quarter of 2025, Safe Bulkers provided comprehensive guidance on its operational and financial performance. The company declared a dividend of $0.05 per share, marking its 16th consecutive quarterly dividend with a yield of 4.1%. Safe Bulkers reported an adjusted EBITDA of $36.1 million, a decrease from $41.3 million in the same quarter of 2024, and adjusted earnings per share of $0.12 compared to $0.16 in the previous year. The average time charter equivalent rate was $15,507, down from $17,108 in 2024. The company operated an average of 46.51 vessels, maintaining a fleet age of 10.1 years, which is younger than the global average. Safe Bulkers' robust capital structure includes $124 million in cash, $267 million in undrawn revolving credit facilities, and a borrowing capacity of $176 million. The company continues its fleet renewal strategy, highlighted by the sale of two older vessels and the addition of two dual-fuel new builds, expected in early 2027. With a contracted revenue backlog of $164 million, Safe Bulkers is well-positioned for long-term prosperity, focusing on fleet energy efficiency and decarbonization.
Fleet Renewal and Environmental Upgrades
Sold 2 of the oldest vessels as part of the company's fleet renewal strategy. 24 vessels have been environmentally upgraded, and 11 are eco vessels. The average fleet age is 10.1 years, younger than the global average.
Dividend Declaration
Declared a dividend of $0.05 per share of common stock, representing a 4.1% dividend yield. This marks the 16th consecutive quarterly dividend.
Strong Financial Position
The company maintains a strong capital structure with $390 million in liquidity and a comfortable leverage of about 35%.
Revenue Visibility
Secured $124 million in contracted revenue backlog from Capes alone, with all 8 Capes presently period chartered at an average daily rate of $24,800.
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
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
Nov 25, 2025
$4.89
$5.37
+9.82%
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%
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 Feb 16, 2026, After Close (Confirmed).
What is Safe Bulkers Inc (SB) earnings time?
Safe Bulkers Inc (SB) earnings time is at Feb 16, 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.