EarningsQ2 2026 Earnings Report
CH:4FAP Q2 2026 EPS Results
Actual EPSCHF1.01
Consensus EPSCHF0.79
Beat/MissBeat by +CHF0.21
One Year Ago EPSCHF0.09
CH:4FAP Q2 2026 Revenue Results
Actual RevenueCHF296.90M
Expected RevenueCHF236.16M
Beat/MissBeat by +CHF60.74M
YoY Revenue Growth+44.46%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
CH:4FAP Upcoming Earnings
Star Bulk Carriers's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CH:4FAP Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong quarter results: robust profitability (adjusted EBITDA $184.2M), significant cash generation (operating cash flow $150M), a strengthened liquidity position (quarter-end cash $565M), disciplined capital allocation (dividends, buybacks, 66% net debt reduction since 2021) and active fleet modernization (newbuild deliveries, ESD installs). Management remains cautious on acquisitions due to elevated asset prices and flagged macro/geopolitical risks (China slowdown, Middle East tensions, volatile bunker spreads). Operational headwinds include drydock off‑hire scheduling and an aging global fleet that requires ongoing renewal. On balance, the positive financial performance, strong balance sheet and clear capital return policy outweigh the medium-term market and operational risks.Company Guidance
Strong Profitability and Cash Generation
Q2 2026 net income $144.9M; adjusted net income $134.8M; adjusted EPS $1.21; adjusted EBITDA $184.2M. Generated $150M of operating cash flow during the quarter.
Robust Liquidity and Low Leverage
Beginning Q2 cash $409M and quarter-end cash $565M; total cash & equivalents cited ~ $532M as well. Outstanding debt approximately $955M, undrawn revolver capacity $110M. Owns 29 debt-free vessels with aggregate market value ~ $790M.
Shareholder Returns and Capital Allocation
Board declared $0.90 per share dividend for the quarter. Since 2021 executed ~$3.2B of value-enhancing actions, returned ~$14.9 per share in dividends (~52% of current share price) and reduced total net debt by 66%.
Per-Vessel Economics and Operating Efficiency
Fleet-wide Q2 per-vessel TCE $24,486/day; combined daily operating expenses + net cash G&A $6,542/day; daily cash margin ≈ $17,944/day before debt service and CapEx. Q2 daily OpEx $5,180 and net cash G&A $1,362—among lowest in peer group.
Fleet Scale, Mix and Segment Performance
138-vessel fleet (avg age ~12.4 years), >12,200 ownership days in Q2. Newcastlemax/Capesize: 35% revenue, 39% adj EBITDA. Panamax/Kamsarmax: 28% revenue ($77.7M) and 24% adj EBITDA ($42.4M). Ultramax/Supramax: 37% revenue ($104.4M) and $66.5M adj EBITDA.
Newbuilding Program and Fleet Rejuvenation
Delivery cycle underway: 3 of 8 latest-generation Kamsarmax delivered in Q2; 5 remaining expected in Q3–Q4 2026. $122M CapEx remaining on five newbuilds with financing in place (expected debt drawdown up to $129M). Mark-to-market gain on newbuilds approx $56M.
Efficiency Upgrades and ESG Progress
Completed 62 energy-saving device (ESD) installations (88% fleet fitted) with 7 more scheduled. Measured performance improvements from upgrades of 7%–15%. Active engagement on IMO/ETS issues, sustainability reporting under CSRD, AI governance and cybersecurity measures deployed.
Strong Forward Cash Flow Visibility
Approximately 49,000 fleet available days annualized; next-12-month FFA curve ~ $22,000/day implies ~$4.1/share free cash flow (14.3% implied cash flow yield). Every $1,500/day fleet-wide TCE rise ≈ $72M EBITDA (≈ $0.64/share incremental dividend).
CH:4FAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed