NYSE$SB
Safe Bulkers Inc · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
Safe Bulkers reported lower revenue and net income in Q3 2025 due to weaker charter market conditions and decreased earnings from scrubber-fitted vessels.
Safe Bulkers posted a net income of $17.8M on $73.1M in revenue for Q3 2025. Performance declined YoY due to reduced charter hire rates and lower contribution from scrubber-equipped vessels.
- Revenue for Q3 2025 was $73.1M, down from $75.9M in Q3 2024.
- Net income fell to $17.8M from $25.1M in the same period last year.
- Adjusted EBITDA came in at $36.1M, compared to $41.3M in Q3 2024.
- TCE rate declined to $15,507 from $17,108 in Q3 2024, reflecting a weaker market.
Headline financials
Revenue & EPS history
Safe Bulkers · Revenue · Quarterly
$73.1M
Forward guidance
The company anticipates continued market volatility but is strategically positioned with capital flexibility and an environmentally advanced fleet.
Tailwinds
- Strong capital structure maintained.
- New $75M sustainability-linked revolving credit facility secured.
- Ongoing fleet renewal with IMO Phase 3 and NOx Tier III vessels.
- Delivery of 12 environmentally upgraded vessels completed.
- Increased contracted revenue visibility through time charters.
Headwinds
- Weaker charter market vs. prior year.
- Decreased revenue from scrubber-fitted vessels.
- Higher voyage expenses due to bunker consumption.
- Continued geopolitical disruptions affecting trade routes.
- Ongoing volatility in dry-bulk market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
-0.8%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-0.8%
Avg return
30 days after
38%
19 / 50 earnings
Positive
+26.7%
Q4 2015
Best reaction
-28.0%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -4.5% | — | |
| Q4 2025 | -2.1% | +6.7% | +2.1% | |
| Q3 2025 | +9.8% | +7.0% | -1.4% | |
| Q2 2025 | -7.9% | -2.6% | +1.4% | |
| Q1 2025 | +3.2% | -1.3% | +3.5% | |
| Q4 2024 | +0.0% | +1.9% | +1.4% | |
| Q3 2024 | -2.7% | -0.7% | -16.6% | |
| Q2 2024 | -5.9% | -12.7% | -8.8% | |
| Q1 2024 | +2.4% | +1.7% | +5.1% | |
| Q4 2023 | +1.9% | +2.1% | +17.7% | |
| Q3 2023 | -0.9% | +0.0% | +13.0% | |
| Q2 2023 | -0.9% | +2.8% | -4.9% | |
| Q1 2023 | -3.0% | -4.6% | -10.3% | |
| Q4 2022 | -2.4% | -1.2% | +5.5% | |
| Q3 2022 | +0.7% | +9.7% | -1.4% | |
| Q2 2022 | +7.7% | +5.7% | -8.5% | |
| Q1 2022 | -3.0% | +1.5% | -18.9% | |
| Q4 2021 | +1.6% | +0.9% | -8.3% | |
| Q3 2021 | -3.5% | -11.1% | -16.7% | |
| Q2 2021 | +6.9% | +8.5% | +32.2% | |
| Q1 2021 | -6.2% | +5.0% | -12.6% | |
| Q4 2020 | +10.6% | -1.1% | +0.4% | |
| Q3 2020 | -1.9% | +1.0% | +10.6% | |
| Q2 2020 | -4.6% | -5.4% | -20.0% | |
| Q1 2020 | +1.5% | -5.3% | -6.8% | |
| Q4 2019 | +1.6% | +8.0% | -13.6% | |
| Q3 2019 | -6.3% | -6.8% | -12.6% | |
| Q2 2019 | -0.5% | -0.5% | -19.4% | |
| Q1 2019 | -7.5% | -12.4% | -4.3% | |
| Q4 2018 | -5.6% | -11.3% | -5.6% | |
| Q3 2018 | -2.0% | -10.3% | -24.6% | |
| Q2 2018 | -6.1% | -6.4% | -9.5% | |
| Q1 2018 | +4.3% | +21.4% | +15.8% | |
| Q4 2017 | +11.6% | +9.2% | +8.3% | |
| Q3 2017 | -0.3% | +1.5% | -7.0% | |
| Q2 2017 | -8.4% | -1.9% | +23.6% | |
| Q1 2017 | +1.4% | +4.8% | +11.0% | |
| Q4 2016 | -0.7% | +4.4% | +35.6% | |
| Q3 2016 | -1.5% | -6.0% | +9.8% | |
| Q2 2016 | -4.4% | -4.4% | +10.5% | |
| Q1 2016 | -9.4% | +2.6% | -6.0% | |
| Q4 2015 | +26.7% | — | — | |
| Q3 2015 | -28.0% | — | — | |
| Q2 2015 | -6.5% | — | — | |
| Q1 2015 | -7.2% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2010 | -2.5% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q2 2010 | +4.1% | — | — | |
| Q1 2010 | — | — | — | |
| Q4 2009 | — | — | — |
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