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Strong quarter ever. Adjusted EBITDA was $91.0 million was driven by TCE rates of $29.1k/day. Results would have been even higher absent realized FFA/bunker swap hedging losses of $15.4 million. Opex also increased due to acquisition activity. The dry bulk market has pulled back this quarter, ...
Eagle Bulk Shipping (NASDAQ:EGLE): Q3 Non-GAAP EPS of $4.52 misses by $0.44; GAAP EPS of $4.92 misses by $0.16. Revenue of $183.4M (+169.0% Y/Y) beats by $51.49M. Shares +5.77%. Press Release For further details see: Eagle Bulk Shipping EPS misses by $0.44, beats on revenue
STAMFORD, Conn., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the drybulk vessel segment, today reported financial result...
STAMFORD, Conn., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the third quarter ended September 30, 2021, after the close of stock market trading on Thursday, November 4, 2021. Members of Eagle Bulk’s senior management t...
STAMFORD, Conn., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the third quarter ended September 30, 2021, after the close of stock market trading on Thursday, November 4, 2021. Members of Eagle Bulk’s senior...
These are trying times for the logistics and shipping industries . A confluence of factors mostly tied to the pandemic and its aftereffects have led to logjams throughout supply chains, and the pressure is beginning to boil over at U.S. ports. About half a million containers are sit...
No surprise that second largest shareholder sold. Bad news, good news, who knows? Strong stock price performance likely triggered added selling by the second largest shareholder. Even though the stock has been under pressure, the sale of the remaining 1.1 million share position at $48.50/share...
The new debt refinancing deal will save $8 million in annual interest expenses, while extending the repayment period. The new deal leaves room for the newly initiated dividend policy. However, don't expect this company to become a pure-play income stock. The share repurchase p...
I believe dry bulk carriers now have even more tailwinds and reasons to prosper than container ship companies (I am bullish on both sectors though). The latest news, fleet structure, and cheap valuation make Eagle Bulk Shipping one of the most attractive dry bulk carriers out there. ...
Management call highlighted global refinancing, variable dividend and buy back program. Catalyst for new capital allocation strategy was the global refinancing. Refinancing of high cost 8.25% bonds and all other debt with a new five-year term $300 million loan and a $100 million revolver saves...
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ATHENS, Greece, May 22, 2024 (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 first quarter of 2024. Unles...
STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”) today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, d...
STAMFORD, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ...