Report on Financial Results of Third Quarter and Nine-Month period ended September 30, 2026 and Declaration of Dividend on Common Stock
Key Highlights
- ➤Q3 net income $39.0 million, up from $17.8 million year over year
- ➤Q3 adjusted EPS $0.31, more than doubled year over year
- ➤Board declares increased $0.09-per-share common-stock dividend
- ➤September private placement raises €80.4 million from 12 million shares
- ➤Q3 TCE rate $21,235, up from $15,507 year over year
Expert Statements
Loukas Barmparis, President of Safe Bulkers, Inc.
“We had a strong financial performance in line with charter market conditions. Our adjusted EPS reached 31 cents in the third quarter 2026 and more than doubled compared to the same quarter of 2025. Our Board has declared an increased dividend to 9 cents per common share. Following our private placement to institutional investors in Euronext Athens, we have diversified our investor base and further strengthened our balance sheet, liquidity and capital resources.”
MONACO, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE/Euronext Athens: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and nine-month periods ended September 30, 2026. The Board of Directors (the "Board") of the Company also declared a cash dividend of $0.09 per share of outstanding common stock.
Financial highlights In million U.S. Dollars except per share dataQ3Q2Q1Q4Q3NineNine 20262026202620252025MonthsMonths 20262025 Net revenues91.087.574.472.673.1252.9203.2 Net income39.035.222.211.817.896.326.7 Adjusted Net income (1)34.030.620.715.913.985.324.6 EBITDA (2)58.754.842.233.340.1155.893.1 Adjusted EBITDA (2)53.850.340.737.436.1144.891.0 Earnings per share basic and diluted (3)0.350.330.200.100.150.880.20 Adjusted Earnings per share basic and diluted (3)0.310.280.180.140.120.770.18
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