Eagle Bulk Shipping

Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Ultramax and Supramax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Eagle Bulk Shipping reports record profits and strategic growth outlook

Eagle Bulk Shipping delivered a strong financial performance in 2022, marked by record profits and shareholder distributions.
While facing challenges such as decreased net TCE and CFO transition, the company remains optimistic about industry prospects.
Strategic decisions around fleet expansion, liquidity management, and operational efficiency position Eagle Bulk Shipping for continued growth and value creation.
Opportunities for acquisitions, capital optimization, and market growth underscore the company's resilience and strategic foresight.

Eagle Bulk Shipping posts solid Q1 results amidst debt challenges

Eagle Bulk Shipping's Q1 2023 performance reflects financial stability and strategic fleet management. While maintaining strong liquidity, the company faces challenges in debt management and fleet optimization. Opportunities lie in fleet expansion and operational efficiency improvements.

Eagle Bulk Shipping reports robust Q2 earnings and advances digitization

Eagle Bulk Shipping's Q2 performance reflects strong financial results, operational efficiency, and strategic growth initiatives.
The company's focus on crew management, vessel acquisitions, and digitization underscores a commitment to long-term sustainability and operational excellence.
While facing challenges in crew management and cost optimization, Eagle Bulk Shipping has opportunities to leverage its liquidity position for growth and efficiency enhancements.
Overall, Eagle Bulk Shipping's proactive approach to operational improvements and financial performance positions it well for future success and resilience in a dynamic market environment.

Eagle Bulk Shipping reports Q3 loss, eyes strategic growth opportunities

Eagle Bulk Shipping navigated a tough market in Q3, reporting a net loss but demonstrating resilience through profitable asset sales and strong liquidity management.
While facing challenges such as settling convertible bonds and dry dock requirements, the company is well-positioned to capitalize on rising ship values and revenue growth opportunities.
With a focus on strategic decision-making and operational efficiency, Eagle Bulk Shipping aims to leverage market dynamics and maintain financial stability for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Eagle Bulk Shipping Inc. is the largest US-based owner of Handymax dry bulk vessels. This modern fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. They believe that the cargo handling flexibility and cargo carrying capacity of the Supramax class vessels provides a distinct competitive advantage in the dry bulk marketplace.  Eagle Bulk™’s New York-based management team has, on average, 20 years of experience in the Handymax market. The Company’s low cost structure and stable, medium to long term chartering strategy provide the foundation for growth in the dry bulk shipping market.

Costamare

Grindrod Shipping Holdings Ltd

Navios Maritime Partners

Safe Bulkers

Spot market investing activity of shipping stakeholders usually suggests the overall consensus regarding future market performance. A significant number of shipping companies have increased their exposure in the spot market and in the dry bulk segment in general, expecting oversized returns.

Shipping Spot Market Investment Activity Points To Sustained Freight Rate Performance

STAMFORD, Conn., June 29, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today announced the pricing of a previously announced underwritten secondary public offering of 1,695,182 shares of common stock by certain funds and separate accounts managed by GoldenTree Asset Management LP (collectively, the “Selling Shareholders”) at a public offering price of $46.50 per share. The offering was upsized from a previously announced offering size of 1,500,000 shares of common stock. The underwriter will have a 30-day option to purchase up to 254,277 additional shares of the Company's common stock from the Selling Shareholders. The offering is being made pursuant to the Company's registration statement (including a prospectus and related prospectus supplement) and is expected to close on July 2, 2021, subject to the satisfaction of customary closing conditions.

Eagle Bulk Shipping Inc. Announces the Upsize and Pricing of Secondary Public Offering of Common Stock

STAMFORD, Conn., June 29, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that certain funds and separate accounts managed by GoldenTree Asset Management LP (collectively, the “Selling Shareholders”) intend to offer an aggregate of 1,500,000 shares of the Company's common stock in an underwritten secondary public offering. In connection with this offering, the Selling Shareholders expect to grant the underwriter a 30-day option to purchase up to 225,000 additional shares of the Company's common stock.

Eagle Bulk Shipping Inc. Announces Secondary Public Offering of Common Stock

The company is operating in a very strong market, which is expected to continue to outperform the rest.

Eagle Bulk Shipping: Undervalued And Well-Managed

STAMFORD, Conn., June 02, 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 Supramax / Ultramax drybulk segment, today announced that it has purchased two high-specification 2015-built scrubber-fitted Ultramax bulkcarriers for total consideration of USD 44 million.

Eagle Bulk Shipping Inc. Acquires Two Modern Ultramax Bulkcarriers

Eagle Bulk Shipping (EGLE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Eagle Bulk Shipping (EGLE) is on the Move, Here's Why the Trend Could be Sustainable

As of late, it has definitely been a great time to be an investor of Eagle Bulk Shipping (EGLE)

Can the Uptrend Continue for Eagle Bulk Shipping (EGLE)?

Eagle Bulk Shipping (EGLE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Eagle Bulk Shipping (EGLE) Moves 7.8% Higher: Will This Strength Last?

Euroseas

Genco Shipping & Trading

Star Bulk Carriers

ZIM Integrated Shipping Services

As the global economy bounces back from the pandemic, trading volumes should remain high, leading to continued strength in the industry in the foreseeable future.

Shipping Stocks Are Ripe for the Picking

Dow Inc

Hancock Whitney Corp.

LG Display Co.

Firms with higher earnings yield are considered underpriced, while those with lower earnings yield are seen as overpriced. Invest in LPL, DOW, EGLE, HWC, FRG for handsome rewards.

These High Earnings Yield Stocks Could Yield Huge Returns

Diana Shipping

The Baltic Dry Index stumbled yesterday, but the tide should keep rising for at least another quarter.

Why Diana Shipping, Eagle Bulk Shipping, and Star Bulk Carriers Stocks All Jumped Today

Eagle Bulk Shipping Inc. (EGLE) CEO Gary Vogel on Q1 2021 Results - Earnings Call Transcript

Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of 16.67% and -9.68%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Eagle Bulk Shipping (EGLE) Surpasses Q1 Earnings Estimates

STAMFORD, Conn., May 06, 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 Supramax / Ultramax drybulk segment, today reported financial results for the three months ended March 31, 2021.

Eagle Bulk Shipping Inc. Reports First Quarter 2021 Results

Great Western Bancorp

Hanmi Financial

Huntsman

Top Ranked Momentum Stocks to Buy for May 5th

AP Moller - Maersk A/S

Danaos

DHT Holdings

EuroDry Ltd

Euronav

Frontline

Golden Ocean Group

Global Ship Lease

International Seaways

Matson

Nordic American Tankers

Navios Maritime Containers LP - Unit

Scorpio Tankers

Teekay Tankers

The stock market has boomed in the COVID era, driven by fiscal and monetary policy and surging retail-investor interest. Many ocean shipping stocks — with the glaring exception of tanker equities — have followed suit.

Which shipping stocks rose the most in wake of COVID pandemic?

Eagle Bulk Shipping (EGLE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Eagle Bulk Shipping (EGLE): Can Its 9.7% Jump Turn into More Strength?

Breakwave Dry Bulk Shipping ETF

Container shipping rises first and highest, then dry bulk, then product tankers, then crude tankers. That's the emerging consensus on how a post-COVID global recovery will play out in ocean shipping.

Shipping bulls are back: First container stocks, now dry bulk

STAMFORD, Conn., April 13, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the first quarter ended March 31, 2021, after the close of stock market trading on May 6, 2021. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:00 a.m. ET on Friday, May 7, 2021 to discuss the results.

Eagle Bulk Shipping Inc. to Issue First Quarter 2021 Results and Hold Investor Conference Call

STAMFORD, Conn., March 29, 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 Supramax / Ultramax drybulk segment, today announced that Gary Vogel, the Company's Chief Executive Officer will participate in a Bloomberg Intelligence Webinar titled “Will Dry Bulk Finally Deliver?” on April 1, 2021 at 10:30 AM Eastern Time.

Eagle Bulk Shipping Inc. to Participate in Bloomberg DryBulk Webinar

Diamond S Shipping

Seanergy Maritime Hlds

After a decade of head fakes and disappointments, investors can be forgiven their skepticism toward shipping stocks. Add to that the pandemic unknowns.

Full steam ahead for Wall Street's shipping stocks

Eneti Inc

The opening of global economies has ocean shipping resources in high demand.

Why Global Shipping Stocks Jumped Today

Eagle Bulk Shipping (EGLE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Eagle Bulk Shipping (EGLE) Soars 7.4%: Is Further Upside Left in the Stock?

Eagle Bulk Shipping Inc. (EGLE) CEO Gary Vogel on Q4 2020 Results - Earnings Call Transcript

Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of 103.70% and 2.28%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Eagle Bulk Shipping Stock (EGLE)