# Safe Bulkers (SB) — Earnings

SB · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/sb/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.28 |
| EPS estimate | $0.25 |
| EPS surprise | +12.00% |
| Revenue surprise | +12.86% |
| Revenue | $87.5M |
| Revenue estimate | $77.5M |
| Reported | Jul 29, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1434754/000131786126000037/f072926sb6k.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/58595561-c331-5f64-baf7-69092d02e6c0.html) |

Safe Bulkers reported Q2 2026 results on July 29, 2026. Earnings per share were $0.28, beating the $0.25 estimate by 12.00%. Revenue of $87.5 million topped the $77.5 million consensus by 12.86%. Compared with Q2 2025, EPS rose from just $0.01 and revenue grew about 33% from $65.7 million.

The longer record shows a decline and a partial recovery. Annual EPS fell from $1.32 in 2022 to $0.55 in 2023, edged up to $0.68 in 2024, then dropped to $0.32 in 2025. The first half of 2026 already adds up to $0.46. The EPS highs in the table are $0.40 per share in Q3 2021 and Q2 2022, and the revenue high is $93.7 million in Q3 2022. The low is Q2 2025's $0.01. Over the last 20 quarters, Safe Bulkers beat EPS estimates 12 times, missed 7 times and matched once, while revenue came in above the estimate in all 20.

Third-quarter results arrived between November 3 and November 26 in each of the past five years, which points to November 2026 for the next report. It will show whether the higher earnings of the first half of 2026 carry into Q3.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 29, 2026 | $0.25 | $0.28 | 12.00% | $77.5M | $87.5M |
| Q1 2026 | Jun 18, 2026 | $0.09 | $0.18 | 100.00% | $65.9M | $74.4M |
| Q4 2025 | Feb 23, 2026 | $0.14 | $0.14 | 0.00% | $70.0M | $75.9M |
| Q3 2025 | Nov 26, 2025 | $0.10 | $0.12 | 24.87% | $66.1M | $73.1M |
| Q2 2025 | Jul 30, 2025 | $0.07 | $0.01 | -85.07% | $62.5M | $65.7M |
| Q1 2025 | May 20, 2025 | $0.03 | $0.05 | 49.70% | $57.9M | $64.3M |
| Q4 2024 | Feb 19, 2025 | $0.14 | $0.15 | 4.60% | $70.2M | $71.5M |
| Q3 2024 | Nov 14, 2024 | $0.17 | $0.16 | -4.02% | $71.5M | $75.9M |
| Q2 2024 | Jul 30, 2024 | $0.19 | $0.17 | -11.32% | $71.3M | $81.9M |
| Q1 2024 | Apr 29, 2024 | $0.19 | $0.20 | 5.43% | $75.1M | $81.7M |
| Q4 2023 | Feb 13, 2024 | $0.17 | $0.25 | 44.26% | $72.8M | $82.3M |
| Q3 2023 | Nov 8, 2023 | $0.10 | $0.08 | -16.41% | $58.2M | $64.7M |
| Q2 2023 | Jul 27, 2023 | $0.11 | $0.12 | 10.70% | $61.2M | $73.3M |
| Q1 2023 | May 11, 2023 | $0.14 | $0.10 | -29.97% | $62.3M | $66.8M |
| Q4 2022 | Feb 15, 2023 | $0.25 | $0.29 | 15.95% | $77.3M | $86.7M |
| Q3 2022 | Nov 10, 2022 | $0.30 | $0.39 | 28.16% | $84.4M | $93.7M |
| Q2 2022 | Jul 28, 2022 | $0.31 | $0.40 | 28.74% | $84.9M | $91.6M |
| Q1 2022 | May 26, 2022 | $0.28 | $0.24 | -13.64% | $74.0M | $77.7M |
| Q4 2021 | Mar 9, 2022 | $0.39 | $0.39 | -0.99% | $91.7M | $92.4M |
| Q3 2021 | Nov 3, 2021 | $0.39 | $0.40 | 2.54% | $86.2M | $92.5M |

## Frequently Asked Questions

### When did Safe Bulkers (SB) last report earnings?

Safe Bulkers last reported on Jul 29, 2026, covering fiscal Q2 2026.

### Did SB beat earnings estimates?

Yes. Safe Bulkers reported EPS of $0.28 for Q2 2026 against a $0.25 estimate — a 12.00% beat.

### How much revenue did SB report last quarter?

Safe Bulkers reported $87.5M in revenue for Q2 2026, against a consensus estimate of $77.5M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).