Co-Chief Financial Officer - Simos Spyrou Co-Chief Financial Officer - Christos Begleris Deputy Chief Financial Officer - Constantine Nanopoulos Chief Strategy Officer - Charis Plakantonaki Head of Market Research - Constantinos Simantiras Operator: Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the Second Quarter 2026 Financial Results. Hamish Norton, President; Mr. Simos Spyrou, Co-Chief Financial Officer; Mr.
Christos Begleris, Co-Chief Financial Officer; Mr. Constantine Nanopoulos, Deputy Chief Financial Officer; Mr. Nicos Rescos, Chief Operating Officer; Mrs.
Charis Plakantonaki, Chief Strategy Officer; Mr. Constantinos Simantiras, Head of Market Research. [Operator Instructions] I must advise you that this conference is being recorded today. We now pass the floor to one of your speakers today, Mr.
Simos Spyrou: Thank you, operator. Good morning, ladies and gentlemen, and thank you for joining us today. I'm Simos Spyrou, Co-Chief Financial Officer of Star Bulk Carriers, and I would like to welcome you to our conference call regarding our financial results for the second quarter of 2026.
Before we begin, I kindly ask you to take a moment to read the safe harbor statement on Slide #2 of the presentation. In today's presentation, we will review our second quarter 2026 company highlights, financial performance, capital allocation initiatives, cash evolution during the quarter, operational performance and cash flow potential, 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.
The first quarter -- the second quarter was characterized by strong profitability, disciplined capital allocation and continued balance sheet strength. For the second quarter of 2026, net income amounted to $144.9 million, while adjusted net income reached $134.8 million or $1.21 adjusted earnings per share. Adjusted EBITDA was $184.2 million, demonstrating the robust cash generating capacity of our platform.
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