Earnings ·
Safe Bulkers, Inc. reported unaudited financial results for the second quarter and six-month period ended June 30, 2026
SB-PCSafe Bulkers, Inc.
Safe Bulkers, Inc. reported unaudited financial results for the second quarter and six-month period ended June 30, 2026. Net revenues increased 33% to $87.5 million in Q2 2026 from $65.7 million in the prior year period, driven by higher charter hires and scrubber-fitted vessel earnings. Net income rose significantly to $35.2 million compared to $1.7 million in Q2 2025. The Board declared a quarterly cash dividend of $0.075 per share of common stock, payable on August 26, 2026, to shareholders of record as of August 13, 2026. Additionally, the company announced its common stock commenced trading on Euronext Athens in June 2026 while remaining listed on the NYSE. Safe Bulkers, Inc. operates in the marine drybulk transportation industry, providing shipping services for commodities such as coal, grain, and iron ore.