Star Bulk Carriers Corp. Reports Net Profit of $58.5 Million for the First Quarter of 2026, and Declares Quarterly Dividend of $0.50 Per Share
Star Bulk Carriers reported Q1 2026 net income of $58.5 million, a dramatic improvement from $0.5 million in Q1 2025, driven by a 49% year-over-year increase in daily TCE rates to $18,493. Voyage revenues rose 22% to $281.2 million despite a smaller average fleet of 135.4 vessels, reflecting strong counterseasonal demand across all dry bulk segments.
Key figures
- Eps
- 0.52
- Revenue
- 281152000
- Guidance
- Targeting >$3 per share in total returns for 2026
- Revenue Yoy
- 21.9%
- Ebitda
- 109738000
- Tce rate
- 18493
- Net income
- 58532000
- Tce revenue
- 214125000
- Adjusted ebitda
- 114339000
- Average vessels
- 135.4
- Dividend per share
- 0.5
- Adjusted net income
- 63032000
- Operating cash flow
- 112386000
- Daily opex per vessel
- 5071
- Daily net cash ga per vessel
- 1375
AI analysis
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