Financial Performance - For Q4 2025, the company reported a net income of $65.2 million and an adjusted net income of $74.5 million, translating to an adjusted EPS of $0.16 [4] - Adjusted EBITDA was $126.4 million, indicating strong cash generation capacity [4] - The company repurchased 1.2 million shares for $22.7 million during Q4, with a total of approximately 1.9 million shares repurchased year-to-date for $37.9 million [4][5] - A dividend of $0.37 per share was declared for Q4, payable on March 19, 2026 [5] Capital Allocation and Financial Position - Total cash and cash equivalents stood at approximately $459 million, with outstanding debt around $1 billion [5] - The company has an undrawn revolving credit capacity of $110 million and 27 debt-free vessels valued at approximately $630 million [5] - The company plans to distribute 100% of its free cash flow while maintaining a minimum cash balance of $2.1 million per vessel and a minimum quarterly dividend of $0.05 per share [6][7] Operational Performance - Daily operating expenses for Q4 were $5,045 per vessel, with net cash G&A at $1,399 per vessel, both among the lowest in the peer group [14] - The fleet consists of 141 vessels with an average age of approximately 12.1 years, and the company continues to optimize its fleet through selective disposals [16][17] Market and Industry Outlook - The dry bulk trade grew by 1.3% in volume and 2.1% in ton-miles during 2025, driven by strong exports from Brazil and a recovery in iron ore and coal volumes [25] - For 2026, dry bulk demand is projected to grow by 0.6% in tons and 1.9% in ton-miles, supported by a favorable supply backdrop and easing trade tensions [27] - The company anticipates that stricter environmental regulations will continue to support slow steaming and help constrain effective supply [24] Management Commentary - Management expressed confidence in the company's cash flow visibility and commitment to maintaining a competitive capital return profile [8] - The company remains focused on managing its ECO-rated fleet to capitalize on market opportunities and deliver shareholder value [32] Q&A Session Summary Question: Inquiry about underlying demand and ton-mile expansion in the iron ore market - Management noted that besides bauxite and iron ore, strong trade in grains is expected to increase ton-miles due to exports from Brazil [36] Question: Follow-up on congestion in West Africa and infrastructure projects - Management acknowledged short-term congestion increases but expects gradual alleviation as infrastructure improves over the coming years [39] Question: Details on capital return policy and dividend payout - Management indicated that stronger share performance incentivizes dividend payments over share repurchases [43]

FINANCIAL RESULTS Q4 2025 February 2026 1 Q4 Financial Highlights Forward-Looking Statements This presentation contains certain forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include statements concerning the Company's plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, ...

We create to share Financial Results for the 4 th Quarter of 2025 February 26, 2026 Our Presenting Team Director & President Ioannis Zafirakis Semiramis Paliou Director & Chief Executive Officer Maria Dede Co-CFO & Treasurer Our Company's confidence stems from our established track record We create to share 2 Chief Commercial Officer of Diana Shipping Services S.A. Dave Van der Linden Maria Dede Financial Results for the 4th Quarter of 2025 We create to share 3 This presentation does not constitute Diana's ...

MONACO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (NYSE: SB) (the “Company”), an international provider of marine drybulk transportation services, announced its participation in the Dry Bulk Shipping Panel at the annual DNB Carnegie Energy & Shipping Conference, to be held in Oslo, Norway, on Wednesday, March 4 and Thursday, March 5, 2026. This top-tier Nordic event connects listed companies with capital markets, offering insights into market trends and industry outlooks as part of a prominent an ...

ATHENS, Greece, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter of 2025 and the year ended December 31, 2025. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. ...

Earnings Presentation Quarter Ended December 31, 2025 1 February 20, 2026 38 – 138 – 222 22 – 90 – 144 149 – 55 – 53 192 – 0 – 0 217 – 217 – 217 This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such jurisdiction. 2 38 – 138 – 222 220 – 230 – 242 242 – 242 – 242 154 – 172 – 204 Forward/Looking Statement ...

Financial Data and Key Metrics Changes - Genco Shipping recorded a net income of $15.4 million or $0.35 per share for Q4 2025, with adjusted net income at $17.3 million or $0.40 per share, excluding certain expenses [18] - Adjusted EBITDA for Q4 totaled $42 million, a 94% increase compared to Q3 2025, bringing the full year 2025 total to $85.9 million [18] - The company ended Q4 2025 with cash of $55.5 million and debt of $200 million, with an undrawn revolver availability of $400 million [18] Business Line Data and Key Metrics Changes - Genco declared its 26th consecutive dividend, representing an annualized yield of 9% on the current share price, marking the highest dividend level since Q4 2022 [7] - The company generated the highest levels of EBITDA and TCE for the year at $42 million and $20,064 per day, respectively [7][8] - Estimated Q1 2026 TCE is approximately $18,000 per day for 80% of the quarter, which is over 50% higher than Q1 2025 levels [9][22] Market Data and Key Metrics Changes - The dry bulk freight rate environment improved significantly in the second half of 2025, with the Baltic Capesize Index averaging nearly $29,000 per day in Q4 [24] - China's iron ore imports rose by 7% year-over-year in Q4, contributing to the strong demand for dry bulk shipping [24] - Brazilian iron ore shipments increased by 26% in the second half of 2025 compared to the first half, indicating a positive trend for the Capesize sector [25] Company Strategy and Development Direction - Genco's comprehensive value strategy focuses on dividends, financial deleveraging, and opportunistic fleet growth, with notable success in achieving these objectives over the past five years [5][6] - The company aims to transform into a low-leverage, high-dividend entity while maintaining flexibility for fleet growth [5] - Genco plans to continue capital allocation towards dividends and fleet renewal, cycling out older vessels for more modern, fuel-efficient ships [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and future prospects, highlighting a strong balance sheet and significant operating leverage [28] - The company anticipates a higher dividend in Q1 2026 compared to the previous year, supported by strong TCE levels and a favorable market environment [9][21] - Management noted that the current market conditions provide a solid foundation for a positive outlook in the dry bulk sector, despite potential volatility [27] Other Important Information - Genco has invested $347 million in high-quality vessels and distributed $270 million in dividends since the implementation of its value strategy [6] - The company has a low cash flow breakeven rate of under $10,000 per day, which is a key differentiator compared to peers [10][20] - Genco's corporate governance practices are highlighted as a core part of its identity, with a diverse and independent board and no related party transactions [16][17] Q&A Session Summary Question: Strategic outlook for Genco considering asset values - Management emphasized that dividends and the value strategy remain top priorities, with plans to cycle out older vessels and invest in modern ships as asset values rise [36] Question: Insights on term charter markets - Management noted that there has not been as much liquidity in the dry bulk TC market compared to tankers, with owners hesitant to lock in rates due to optimistic market conditions [40] Question: Activity of Chinese buyers in the S&P market - Management confirmed that Chinese buyers remain active, particularly in acquiring older assets, which reflects confidence in the market's future [57] Question: Impact of geopolitical disruptions on dry bulk shipping - Management indicated that a resolution to the Russia-Ukraine situation could positively impact grain and iron ore shipments, while disruptions in the Red Sea have minimal effect on dry bulk operations [60] Question: Operating costs and chartered-in fleet strategy - Management acknowledged operating cost inflation but emphasized a focus on maintaining low break-even costs and being opportunistic with chartered-in vessels [71]

Financial Data and Key Metrics Changes - Genco Shipping reported a net income of $15.4 million for Q4 2025, translating to 35 cents per share, with adjusted net income at $17.3 million or 40 cents per share, excluding certain expenses [18] - Adjusted EBITDA for Q4 reached $42 million, a 94% increase compared to Q3, contributing to a full-year total of $85.9 million for 2025 [18] - The company ended 2025 with cash and debt positions of $55.5 million and $200 million, respectively, and had $400 million in undrawn revolver availability [18] Business Line Data and Key Metrics Changes - Genco declared its 26th consecutive dividend, marking an annualized yield of 9% on the current share price, the highest level since Q4 2022 [7] - The company achieved its highest levels of EBITDA and Time Charter Equivalent (TCE) for the year at $42 million and $20,064 per day, respectively [7][8] - The estimated Q1 2026 TCE is projected to be approximately $18,000 per day, over 50% higher than Q1 2025 levels [9] Market Data and Key Metrics Changes - The dry bulk freight rate environment improved significantly in the second half of 2025, with the Baltic Capesize Index averaging nearly $29,000 per day in Q4 [24] - China's iron ore imports rose by 7% year-over-year in Q4, contributing to a strong demand for dry bulk shipping [24] - Brazilian iron ore shipments increased by 26% in the second half of 2025 compared to the first half, indicating robust supply growth [25] Company Strategy and Development Direction - Genco's comprehensive value strategy focuses on dividends, financial deleveraging, and opportunistic fleet growth, with notable success in achieving these objectives over the past five years [5][6] - The company plans to continue capital allocation towards dividends and fleet modernization, cycling out older vessels for more fuel-efficient ships [36] - Genco aims to maintain a balanced fleet composition, with a focus on high-specification, premium-earning vessels, particularly in the Capesize sector [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and future prospects, highlighting a strong balance sheet and significant operating leverage [28] - The company anticipates a higher dividend in Q1 2026 compared to the previous year, supported by strong cash flow and TCE levels [9][21] - Management noted that the current market conditions are favorable, with low supply growth and increasing demand expected to drive future earnings [25][27] Other Important Information - Genco has invested $347 million in modern vessels and distributed $270 million in dividends since the implementation of its value strategy [6] - The company has a low cash flow breakeven rate of under $10,000 per day, providing a competitive advantage in various market conditions [20] - Genco's corporate governance practices are highlighted as a differentiator, with a diverse and independent board and no related party transactions [16][17] Q&A Session Summary Question: Strategic outlook for Genco considering asset values - Management indicated that capital allocation will prioritize dividends and fleet modernization, with a focus on replacing older vessels with modern, fuel-efficient ships [36] Question: Insights on term charter markets and deployment of ships - Management noted that there has not been as much liquidity in the dry bulk time charter market, with owners hesitant to lock in rates due to positive market sentiment [40] Question: Activity of Chinese buyers in the S&P market - Management confirmed that Chinese buyers remain active, particularly in acquiring older assets, which reflects confidence in the market [57] Question: Impact of geopolitical disruptions on dry bulk shipping - Management stated that a resolution to the Russia-Ukraine situation could lead to increased grain shipments, which would be beneficial for dry bulk shipping [60] Question: Operating costs and chartered-in fleet strategy - Management emphasized a focus on larger ships for growth and noted that chartering-in is opportunistic, with no plans for speculative long-term charters [70]

Genco Shipping & Trading (NYSE:GNK) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker5Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited fourth quarter 2025 earnings conference call and presentation. Before we begin, please note that there will be a slide presentation accompanying today's conference call. That presentation can be obtained from Genco's website at www.gencoshipping.com. To inform everyone, today's conference is being recorded and is now being web ...

Financial Performance - Danaos Corporation reported operating revenues of $266.3 million for the three months ended December 31, 2025, a 3.1% increase from $258.2 million in the same period of 2024 [28] - The net income for the same period was $117.9 million, or $6.42 per diluted share, compared to $90.4 million, or $4.70 per diluted share, in the prior year [26] - Adjusted net income for the three months ended December 31, 2025 was $131.2 million, or $7.14 per diluted share, slightly down from $133.3 million, or $6.93 per diluted share, in the previous year [21][50] Segment Performance - The container vessels segment generated adjusted net income of $123.6 million for the three months ended December 31, 2025, compared to $128.7 million in the same period of 2024 [22] - The drybulk vessels segment saw adjusted net income increase to $7.2 million for the three months ended December 31, 2025, up from $2.3 million in the previous year [23] Operating Metrics - Fleet utilization for container vessels was 99.3% in Q4 2025, up from 96.4% in Q4 2024, while drybulk vessels utilization improved to 99.8% from 84.2% [20] - The average number of container vessels increased to 74.6 in Q4 2025 from 72.9 in Q4 2024, while the average number of drybulk vessels remained at 10 [20] Financial Position - As of December 31, 2025, total cash liquidity and marketable securities reached $1.4 billion, compared to $806.7 million in the previous year [3] - Gross debt increased to $1.177 billion from $744.5 million year-over-year, primarily due to the issuance of a $500 million senior unsecured bond [67] Revenue Growth - For the year ended December 31, 2025, operating revenues increased by 2.8% to $1.042 billion from $1.014 billion in 2024 [56] - The container vessels segment's operating revenues rose by 2.0% to $955.4 million, while the drybulk vessels segment's revenues increased by 13.0% to $87.0 million [56] Cost Management - Vessel operating expenses increased to $208.8 million for the year ended December 31, 2025, up from $185.7 million in 2024, attributed to a larger fleet and higher daily operating costs [57] - General and administrative expenses rose to $64.4 million from $54.2 million, driven by a one-off discretionary cash bonus and increased management fees [62] Strategic Developments - The company entered a strategic partnership with Glenfarne Group for the Alaska LNG project, involving a $50 million equity investment and becoming the preferred tonnage provider for LNG carriers [11] - Danaos has secured long-term charters for several new vessels, contributing to a total contracted revenue backlog of $4.3 billion [16]