Star Bulk Carriers $SBLK (+3,05聽%) Q1 2026 VS Q1 2025
Voyage Revenues : $281.2M VS $230.7M 鉃★笍+21.9% 馃煝
Daily TCE : $18,493 VS $12,439 鉃★笍+48.7% 馃煝
EBITDA : $114.3M VS $49.0M 鉃★笍+133.3% 馃煝
Net Income : $58.5M VS $0.5M 鉃★笍 +11,600% 馃煝
Adjusted Net Income : $63.0M VS ($7.7M) 馃煝
EPS Basic : $0.53 VS $0.00 馃煝
Adjusted EPS Basic : $0.57 VS ($0.07) 馃煝
Key highlights :
- Declared a $0.50 Dividend
- Strong counter-seasonal market recovery drove TCE up 49% YoY, especially in Capesize/Newcastlemax ($26,627/day).
- Fleet optimization (selling older vessels, adding efficient newbuildings) supported higher revenues despite fewer vessels.
- Cost control remains excellent; cash margin per vessel ~$12,073/day.