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.

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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.

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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.

Eagle Bulk Shipping (EGLE) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $4.98 per share a year ago.

Eagle Bulk Shipping (EGLE) Q2 Earnings and Revenues Beat Estimates

STAMFORD, Conn., Aug. 03, 2023 (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 ended June 30, 2023.

Eagle Bulk Shipping Inc. Reports Results for the Second Quarter of 2023

STAMFORD, Conn., June 30, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, announced today that it will report its financial results for the second quarter ending June 30, 2023, after the close of stock market trading on August 3, 2023. Members of Eagle's senior management team will host a call at 8:00 a.m. ET on Friday, August 4, 2023 in order to discuss company results and provide an update on market fundamentals.

Eagle Bulk Shipping Inc. to Issue Second Quarter 2023 Results and Hold Investor Conference Call

Danaos

NEW YORK--(BUSINESS WIRE)--Danaos Corporation (“Danaos,” “we,” or “us”) (NYSE:DAC), one of the world's largest independent owners of containerships and the largest shareholder of Eagle Bulk Shipping, Inc. (the “Company” or “Eagle Bulk”) (NYSE:EGLE) with ownership of approximately 16.7% of the outstanding shares, has issued a letter to the Board of Directors of Eagle Bulk (the “Board”) in response to the Company's repurchase of Oaktree Capital's (“Oaktree”) 28% stake in the Company and unilatera.

Danaos Corporation Delivers Letter to Eagle Bulk Shipping Board of Directors

Eagle Bulk Shipping (NYSE: EGLE) stock price jumped to a multi-month week high last week after the company made some major changes. The shares jumped to a high of $50.63, which was about 30% above the lowest level this year.

As the Eagle Bulk Shipping stock rebounds, is it a good buy?

Eagle Bulk Shipping is trading at a trailing 12-month yield of 9.6%. Eagle Bulk Shipping is a US-based corporation (incorporated in the Marshall Islands) with no related party transaction problems and very low debt. Eagle Bulk Shipping is trading well below reasonable liquidation value, which is probably north of $60 a share.

Eagle Bulk Shipping: A Bargain Trading Well Below Net Asset Value

Eagle Bulk Shipping Inc. surprisingly announced it is repurchasing all shares held by Oaktree Capital Management at a large premium to prevailing valuations in the dry bulk shipping space. The transaction has likely been negotiated in response to ongoing share accumulation by leading Greece-based containership lessor Danaos Corporation. In addition, Eagle Bulk Shipping disclosed the adoption of a new shareholder rights plan, also known as a "poison pill," which would be triggered in case Danaos Corporation accumulates additional shares.

Eagle Bulk Shipping Stock: Downgrading On Expensive Oaktree Stake Buyback

Adopts Limited Duration Shareholder Rights Plan to Protect the Best Interest of Shareholders Adopts Limited Duration Shareholder Rights Plan to Protect the Best Interest of Shareholders

Eagle Bulk Shipping Inc. Purchases Oaktree Capital Stake in Company

International Seaways

Shipping equities have enjoyed a decent start to 2023 despite market uncertainty and volatility. Dry bulk equities trade near record discounts and are a direct play on China's reopening. Tankers are poised to begin a potential multi-year supercycle, driven primarily by the supply-side with the oldest fleet in history, tiny orderbook, and looming environmental regulations.

Top Picks In Maritime Shipping

Eagle Bulk Shipping's shares are down by almost 20% since my recommendation three months ago due to a precipitous decline in dry bulk charter rates in recent weeks. The company reported seasonally weak Q1 results but provided an improved outlook for Q2 with the dividend likely to benefit from an up to $17.0 million gain on vessel sales. Upsized credit facility provides additional financial flexibility.

Eagle Bulk Shipping: Danaos Corporation Reveals 9.99% Stake - Buy

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STAMFORD, Conn., May 17, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, today announced that it has entered into an Amended and Restated Credit Agreement which provides for an increased borrowing capacity of $175 million, a reduction in margin, and an extension in maturity by two years.

Eagle Bulk Shipping Inc. Announces $175 million Upsize and Extension of its Credit Facility

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Eagle Bulk Shipping owns and operates a fleet of 53 dry bulk vessels that transport various bulk cargoes worldwide, serving miners, producers, traders, and end-users. After all the purchases and sales, now 96% of EGLE's fleet has scrubbers installed - the company is the largest owner of ships with scrubbers in the midsize dry bulk.

Eagle Bulk Shipping: Time To Buy The Stock Again

Eagle Bulk Shipping Inc. (NYSE:EGLE ) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Gary Vogel - Chief Executive Officer Costa Tsoutsoplides - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Ben Nolan - Stifel Liam Burke - B. Riley Financial Operator Good day and thank you for standing by.

Eagle Bulk Shipping Inc. (EGLE) Q1 2023 Earnings Call Transcript

Eagle Bulk Shipping (EGLE) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to earnings of $3.97 per share a year ago.

Eagle Bulk Shipping (EGLE) Q1 Earnings and Revenues Surpass Estimates

STAMFORD, Conn., May 04, 2023 (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 ended March 31, 2023.

Eagle Bulk Shipping Inc. Reports Results for the First Quarter of 2023

Eagle Bulk Shipping (EGLE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Eagle Bulk Shipping (EGLE) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

STAMFORD, Conn., April 04, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, announced today that it will report its financial results for the first quarter ending March 31, 2023, after the close of stock market trading on May 4, 2023. Members of Eagle's senior management team will host a call at 8:00 a.m. ET on Friday, May 5, 2023 in order to discuss company results and provide an update on market fundamentals.

Eagle Bulk Shipping Inc. to Issue First Quarter 2023 Results and Hold Investor Conference Call

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Eagle Bulk Shipping Inc. (NYSE:EGLE ) Q4 2022 Earnings Conference Call March 3, 2023 8:00 AM ET Company Participants Gary Vogel - Chief Executive Officer Frank De Costanzo - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Ben Nolan - Stifel Liam Burke - B Riley Greg Lewis - BTIG Operator Good day and thank you for standing by. Welcome to the Eagle Bulk Shipping Fourth Quarter 2022 Earnings Call.

Eagle Bulk Shipping Inc. (EGLE) Q4 2022 Earnings Call Transcript

Why Eagle Bulk Shipping Stock Is Sinking Today

Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of -15.87% and 6.30%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Eagle Bulk Shipping (EGLE) Misses Q4 Earnings and Revenue Estimates

Reports Record Full Year Net Income of $248 million Reports Record Full Year Net Income of $248 million

Eagle Bulk Shipping Inc. Reports Fourth Quarter 2022 Results

Eagle Bulk Shipping (EGLE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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