Star Bulk Q1 Earnings Beat, Shares Rise 3%

Star Bulk Carriers reported Q1 2026 adjusted EPS $0.56 versus consensus $0.41, beating by $0.15.
Revenue rose 22% YoY to $281.2 million, exceeding estimate $222.9 million.
Net income $58.5 million ($0.52 per diluted share) versus $0.5 million last year; dividend $0.50 per share declared payable June 22.
Daily Time Charter Equivalent rose to $18,493 from $12,439 YoY; fleet 135 vessels, eight Kamsarmax under construction, two vessels sold for $46.4 million.