Quarterly ResultAug 5, 2026, 04:48 PM
Star Bulk Q2 Net Profit $144.9M; Declares $0.90 Dividend
AI Summary
Star Bulk Carriers Corp. reported its strongest quarterly results since Q2 2022, with a net profit of $144.9 million for the second quarter of 2026, a substantial increase from the prior year. The company declared a quarterly dividend of $0.90 per share, reflecting its full dividend payout policy. Operational highlights include the delivery of three newbuilding vessels and the sale of three older vessels, alongside strong TCE rates and improved cost efficiency.
Key Highlights
- Net profit for Q2 2026 was $144.9 million, up from $0.04 million in Q2 2025.
- Adjusted Net income reached $134.8 million, compared to $13.2 million in Q2 2025.
- Earnings per share (basic) were $1.30, significantly higher than $0.00 in Q2 2025.
- A quarterly cash dividend of $0.90 per share was declared.
- Voyage revenues increased to $357.4 million from $247.4 million year-over-year.
- Daily Time Charter Equivalent (TCE) Rate rose to $24,486 from $13,624 in Q2 2025.
- Three newbuilding Kamsarmax vessels were delivered, with five more scheduled for H2 2026.
- Three older vessels were sold, generating $60.2 million in proceeds in Q2 2026.
Price Impact
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