NASDAQ$SBLK
Star Bulk Carriers Corp. · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Star Bulk Carriers Corp. reported stronger Q1 2026 results driven by higher TCE rates.
Star Bulk Carriers delivered significantly improved financial performance in Q1 2026, with net income rising to $58.5 million from near break-even levels a year earlier. Voyage revenues increased to $281.2 million, supported by a TCE rate of $18,493 per day. Operating cash flow more than doubled to $112.4 million, enabling continued debt reduction and capital returns including dividends and share repurchases.
- Net income surged to $58.5 million (EPS $0.53 basic) from $0.5 million in Q1 2025.
- TCE revenues reached $214.1 million with daily TCE rate up 48% year-over-year to $18,493.
- Operating cash flow more than doubled to $112.4 million amid lower operating and interest expenses.
- Company returned $41.4 million in dividends and $37.9 million via share repurchases while reducing debt.
Headline financials
Revenue & EPS history
Star Bulk · Revenue · Quarterly
$281M
Forward guidance
Company maintains focus on capital returns up to 100% of quarterly cash flow via dividends and buybacks while pursuing fleet optimization and selective growth.
Tailwinds
- Strong cash generation supports deleveraging and shareholder returns.
- Favorable dry bulk market conditions expected to continue benefiting TCE rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2026
+0.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.5%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+19.9%
Q2 2013
Best reaction
-22.0%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.3% | +3.3% | -3.3% | |
| Q1 2026 | +0.0% | +1.7% | +2.4% | |
| Q3 2025 | -1.3% | +2.3% | -5.2% | |
| Q2 2025 | -1.0% | -1.9% | +0.8% | |
| Q1 2025 | +2.5% | +0.4% | +6.0% | |
| Q4 2024 | -8.7% | -6.8% | +1.2% | |
| Q3 2024 | -7.2% | -8.9% | -28.0% | |
| Q2 2024 | -0.4% | +1.8% | -5.7% | |
| Q1 2024 | -0.7% | +2.7% | -8.3% | |
| Q4 2023 | -3.4% | -2.6% | +7.1% | |
| Q3 2023 | +2.9% | +3.3% | +7.8% | |
| Q2 2023 | +5.7% | +5.4% | +1.9% | |
| Q1 2023 | +3.3% | +3.2% | +1.3% | |
| Q4 2022 | -4.3% | -2.5% | -9.5% | |
| Q3 2022 | -2.0% | -0.5% | -3.8% | |
| Q2 2022 | +0.6% | +2.2% | -21.8% | |
| Q1 2022 | -5.1% | -3.2% | -25.3% | |
| Q4 2021 | +8.9% | +7.8% | +7.6% | |
| Q3 2021 | -2.0% | -1.0% | +1.3% | |
| Q2 2021 | +2.2% | +1.7% | +25.9% | |
| Q1 2021 | -5.0% | +2.8% | +0.1% | |
| Q4 2020 | -7.7% | -2.2% | +18.0% | |
| Q3 2020 | -1.6% | -0.3% | +10.6% | |
| Q2 2020 | +0.4% | -0.9% | -4.3% | |
| Q1 2020 | +2.0% | +0.0% | +33.8% | |
| Q4 2019 | +10.0% | -1.0% | -32.6% | |
| Q3 2019 | +5.1% | +4.7% | +12.1% | |
| Q2 2019 | +5.8% | +1.5% | +21.3% | |
| Q1 2019 | -11.8% | -10.1% | +1.8% | |
| Q4 2018 | +5.1% | +5.3% | -12.6% | |
| Q3 2018 | -1.7% | +1.5% | -2.5% | |
| Q2 2018 | -1.0% | -4.6% | -11.8% | |
| Q1 2018 | +1.3% | +6.9% | -1.4% | |
| Q4 2017 | +2.5% | +1.5% | -5.9% | |
| Q3 2017 | -1.2% | +1.6% | +14.3% | |
| Q2 2017 | -0.5% | +2.6% | +11.9% | |
| Q1 2017 | -11.0% | -6.3% | +5.0% | |
| Q4 2016 | +0.3% | -1.1% | +8.3% | |
| Q3 2016 | +0.9% | -5.4% | -11.5% | |
| Q2 2016 | -6.0% | +3.9% | +1.1% | |
| Q1 2016 | +3.1% | +2.1% | +55.1% | |
| Q4 2015 | +5.3% | — | — | |
| Q3 2015 | -22.0% | — | — | |
| Q2 2015 | +6.9% | — | — | |
| Q1 2015 | -5.0% | — | — | |
| Q4 2014 | +5.1% | — | — | |
| Q3 2014 | -4.6% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | -4.1% | — | — | |
| Q4 2013 | +19.2% | — | — | |
| Q3 2013 | +12.0% | — | — | |
| Q2 2013 | +19.9% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | +1.6% | — | — | |
| Q3 2012 | -2.7% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q2 2012 | +3.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q1 2012 | -1.1% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q1 2011 | -2.7% | — | — | |
| Q4 2010 | -0.8% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q1 2010 | -0.7% | — | — |
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