Eagle Bulk Shipping (EGLE) Tops Q2 EPS by $1.38

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Go back to Eagle Bulk Shipping (EGLE) Tops Q2 EPS by $1.38

Eagle Bulk Shipping Inc. Reports Record Net Income for the Second Quarter of 2022

August 4, 2022 5:24 PM EDT

STAMFORD, Conn., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle Bulk, Eagle or the Company), one of the worlds largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended June 30, 2022.

Quarter highlights:

Generated Revenues, net of $198.7 million Achieved TCE(1) of $30,207/day basis TCE Revenue(1) of $138.2 million Realized record net income of $94.5 million, or $7.27 per basic share Adjusted net income(1) of $81.6 million, or $6.28 per adjusted basic... More