Star Bulk Carriers Corp. (SBLK) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, and welcome to the Star Bulk Carriers conference call in first quarter 2026 financial results. We have with us today Mr. Petros Papas, Chief Executive Officer, Mr. Hamish Norton, President, Mr. Simos Sbiru, and Mr. Chrisis Pagleros, Co-Chief Financial Officers, Mr. Nikos Veskos, Chief Operating Officer, and Mr. Charis Plakantanaki, Chief Strategy Officer of the company. At this time, all participants are in listening mode. There will be a presentation followed by a question and answer session. At which time, if you wish to ask a question, please press star 1 on your telephone keypad and wait for your name to be announced. I must advise you this conference call is being recorded today. We now pass the floor to our speaker today, Mr. Bigleris. Please go ahead, sir. Thank you very much. Good morning, ladies and gentlemen, and thank you for joining us today. I'm Christos Beglieris, Co-Chief Financial Officer of Starbucks Carriers, and I would like to welcome you to our conference call regarding our financial results for the first quarter of 2025. Before we begin, I kindly ask you to take a moment to read the safe harbor statement on slide number two of our presentation. In today's presentation, we will review our first quarter 2026 company highlights, financial performance, capital allocation initiatives, cash evolution during the quarter, operational performance, our continued investments in the fleet, developments on the regulatory front, and our perspective on industry fundamentals. We will then open the floor for questions. Turning to slide three, the first quarter was characterized by solid profitability, disciplined capital allocation, and continued balance sheet strength. Net income amounted to $58.5 million, while adjusted net income reached...