NYSE$SB

Safe Bulkers Inc · Q4 2025 earnings

Q4 2025 earnings · · Investor relations

Briefing

Safe Bulkers reported Q4 2025, revenue of $343.5M, net income of $174.3M.

For Q4 2025, Safe Bulkers reported revenue of $343.5M, net income of $174.3M. The earnings release highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $343.5M.
  • Net income $174.3M.
  • Safe Bulkers discusses capital allocation and near-term priorities.

Headline financials

Total Revenue

$343M

Previous: $71.5M+380.4%
EPS (adj)

$0.14

Previous: $0.15-6.7%
Adjusted Net Income

$15.9M

Previous: $18.1M-12.3%
EBITDA

$33.3M

Previous: $41.9M-20.5%
Adjusted EBITDA

$37.4M

Previous: $40.7M-8.1%
TCE Rate

$17.1K

Previous: $16.5K+3.2%
Daily Vessel OpEx

$5.68K

Previous: $5.05K+12.6%
Daily OpEx ex-Drydock

$5.06K

Previous: $4.79K+5.6%
Daily G&A Expenses

$1.92K

Previous: $1.65K+16.5%
Total Cash

$163M

Previous: $136M+19.8%
Undrawn Credit Facilities

$220M

Previous: $140M+56.6%
Unsecured Debt

$117M

Previous: $103M+13.7%
Secured Debt

$423M

Previous: $434M-2.4%
Total Debt

$540M

Previous: $537M+0.7%
Vessels at Period End

45

Previous: 46-2.2%
Average Fleet Age

10.39

Previous: 9.99+4.0%
Net Debt per Vessel

8.4

Previous: 8.7-3.4%
Net Income

$174M

Previous: $19.4M+800.6%
Operating Income

$18.7M

Previous: $24.6M-24.0%

Revenue & EPS history

Safe Bulkers · Revenue · Quarterly

$343M

Q4 2025+380.4%vs Q4 2024
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter narrative.
  • Balance sheet and liquidity support ongoing operations or returns.
  • Strategic initiatives cited in the release.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

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 Q4 2025

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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