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Star Bulk Carriers (SBLK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 05, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.98

Last Year’s EPS

0.11

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 20, 2026|

% Change Since:

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

The company reinforced a capital-allocation and payout-focused guidance: an updated policy to distribute 100% of free cash flow (subject to maintaining a minimum cash balance of $2.1 million per vessel), continued active share repurchases (≈1.9 million shares for $37.9 million YTD) and a declared $0.50 per-share quarterly dividend (payable ~June 20); management said it will continue selling smaller/older, less fuel‑efficient ships while opportunistically buying back shares. Key operating and balance‑sheet metrics underpinning that guidance include total cash and cash equivalents of ≈$432 million, outstanding debt ≈$874 million with an undrawn €110 million revolver, ownership of 29 debt‑free vessels (aggregate market value ≈$700 million), a fleet of 136 vessels generating $212.5 million revenue and ~$113–114 million adjusted EBITDA in Q1, and per‑vessel TCE of $18.5k/day (combined OpEx + net cash G&A $6.42k/day → cash margin ≈$12.1k/day before debt/CapEx). Management also highlighted fleet economics: ~48.5k available days, a 12‑month SFA of ≈$20.5k/day implying ≈$3.4/share of free cash flow (13% implied cash‑flow yield), and that every $1.5k fleet‑wide TCE rise would add ~$71 million EBITDA (≈$0.64/share incremental dividend).

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.

Star Bulk Carriers (SBLK) 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

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SBLK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2026	2026 (Q2)	0.98 / -	0.11	―	―	―
May 20, 2026	2026 (Q1)	0.47 / 0.56	-0.07	900.00% (+0.63)
Feb 25, 2026	2025 (Q4)	0.64 / 0.65	0.34	91.18% (+0.31)
Nov 18, 2025	2025 (Q3)	0.33 / 0.28	0.71	-60.56% (-0.43)
Aug 06, 2025	2025 (Q2)	0.05 / 0.11	0.78	-85.90% (-0.67)
May 14, 2025	2025 (Q1)	-0.27 / -0.07	0.87	-108.05% (-0.94)
Feb 18, 2025	2024 (Q4)	0.35 / 0.34	0.73	-53.42% (-0.39)
Nov 19, 2024	2024 (Q3)	0.70 / 0.71	0.34	108.82% (+0.37)
Aug 07, 2024	2024 (Q2)	0.78 / 0.78	0.47	65.96% (+0.31)
May 22, 2024	2024 (Q1)	0.79 / 0.87	0.36	141.67% (+0.51)

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	$26.20	$26.42	+0.86%
Feb 25, 2026	$24.08	$24.18	+0.40%
Nov 18, 2025	$18.55	$18.31	-1.30%
Aug 06, 2025	$18.36	$18.18	-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.