Star Bulk Carriers $SBLK (-3,3%) Q1 2026 VS Q1 2025
Voyage Revenues : $281.2M VS $230.7M ➡️+21.9% 🟢
Daily TCE : $18,493 VS $12,439 ➡️+48.7% 🟢
EBITDA : $114.3M VS $49.0M ➡️+133.3% 🟢
Net Income : $58.5M VS $0.5M ➡️ +11,600% 🟢
Adjusted Net Income : $63.0M VS ($7.7M) 🟢
EPS Basic : $0.53 VS $0.00 🟢
Adjusted EPS Basic : $0.57 VS ($0.07) 🟢
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.