Star Bulk Delivers Record Q2 Profit of $144.9M and Declares $0.90 Dividend
SBLK sits 73% above its 52-week low of $16.72.
Summary
Star Bulk Carriers reported Q2 2026 net income of $144.9 million, its best quarter since 2022, driven by a near-doubling of TCE rates. The board declared a $0.90 per share dividend, continuing its full payout policy.
Key Events · Earnings and Guidance · SBLK
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Record Q2 Profit
Net income reached $144.9 million, or $1.30 per share, compared to $0.04 million in Q2 2025, driven by a TCE rate of $24,486 per day.
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Dividend of $0.90 Declared
The board declared a quarterly cash dividend of $0.90 per share, payable September 3, 2026, to shareholders of record August 21, 2026, marking the 22nd consecutive dividend since 2021.
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Revenue Surge
Voyage revenues increased 44% to $357.4 million, reflecting higher charter rates and a $21 million gain from bunker sales.
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Fleet Renewal Progress
Three newbuilding Kamsarmax vessels were delivered in Q2, with five more expected through H2 2026; three older vessels were sold, generating $60.2 million in net proceeds.
Analysis · SBLK · Energy & Transportation
Star Bulk turned in its strongest quarter since Q2 2022, with net income rocketing to $144.9 million from near breakeven a year ago. The TCE rate nearly doubled to $24,486 per day, underscoring a robust dry bulk market. Reflecting that earnings power, the board declared a $0.90 per share dividend, distributing the entire operating cash flow after capex and debt service. A low-cost structure and a full payout policy continue to drive capital returns to shareholders. The results validate the constructive supply-demand balance and position the company for ongoing value creation.
At the time of this filing, SBLK was trading at $28.90 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $16.72 to $29.34. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.