Company Quick10K Filing
Eagle Bulk Shipping
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 71 $327
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-13 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-12 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-03-31 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-31 Annual: 2015-12-31
10-Q 2015-11-16 Quarter: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-K 2015-04-02 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-05-15 Quarter: 2014-03-31
10-K 2014-03-31 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-12 Quarter: 2013-06-30
10-Q 2013-05-15 Quarter: 2013-03-31
10-K 2013-04-01 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-04 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-05 Annual: 2009-12-31
8-K 2020-01-27 Other Events, Exhibits
8-K 2019-11-07 Earnings, Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-10-07 Enter Agreement, Regulation FD, Exhibits
8-K 2019-08-29 Regulation FD, Exhibits
8-K 2019-08-02 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2019-07-30 Earnings, Regulation FD, Exhibits
8-K 2019-07-29 Earnings, Exhibits
8-K 2019-07-25 Enter Agreement, Off-BS Arrangement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-07-24 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-06-28 Regulation FD, Exhibits
8-K 2019-06-07 Shareholder Vote
8-K 2019-05-08 Earnings, Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-04-29 Regulation FD, Exhibits
8-K 2019-03-29 Regulation FD, Exhibits
8-K 2019-03-06 Earnings, Regulation FD, Exhibits
8-K 2019-03-05 Earnings, Exhibits
8-K 2019-01-31 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-01-23 Regulation FD, Exhibits
8-K 2019-01-22 Regulation FD, Exhibits
8-K 2018-12-27 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-20 Regulation FD, Exhibits
8-K 2018-11-07 Earnings, Regulation FD, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-11-06 Regulation FD, Exhibits
8-K 2018-10-23 Enter Agreement, Off-BS Arrangement
8-K 2018-10-02 Regulation FD, Exhibits
8-K 2018-09-04 Regulation FD, Exhibits
8-K 2018-08-08 Earnings, Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-06-08 Shareholder Vote
8-K 2018-05-14 Regulation FD
8-K 2018-05-10 Earnings, Regulation FD, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-04-27 Regulation FD, Exhibits
8-K 2018-03-30 Other Events
8-K 2018-03-29 Regulation FD, Exhibits
8-K 2018-03-06 Earnings, Regulation FD, Exhibits
8-K 2018-03-05 Earnings, Exhibits
8-K 2018-03-01 Other Events
8-K 2018-02-28 Other Events
8-K 2018-02-13 Regulation FD, Exhibits
8-K 2018-01-03 Enter Agreement, Off-BS Arrangement

Eagle Bulk Shipping Financials

EGLE Metrics, Comps, Filings

Annual | Quarterly

Business

We are Eagle Bulk Shipping Inc., a Marshall Islands corporation incorporated on March 23, 2005 and headquartered in Stamford, Connecticut. We own one of the largest fleets of Supramax/Ultramax drybulk vessels in the world. Supramax/Ultramax drybulk vessels are equipped with cargo-handling cranes and grabs and range in size from approximately 50,000 to 65,000 dwt. We perform all management services, including strategic, commercial, operational, technical, and administrative services to our own fleet. We provide transportation solutions to a diverse group of customers, including miners, producers, traders, and end users. Typical cargoes we transport include both major bulk cargoes, such as coal, grain, and iron ore, and minor bulk cargoes such as fertilizer, steel products, petcoke, cement, and forest products. Our owned fleet totals 47 vessels, with an aggregate carrying capacity of 2,705,764 dwt, had an average age of 9.0 years as of December 31, 2018.

As of the date hereof, after taking into account the purchase of one 2015 built Ultramax vessel and the sale of our two oldest Supramaxes, our owned fleet totals 46 vessels, with an aggregate carrying capacity of 2,668,879 dwt and an average age of 8.7 years.

On January 25, 2019, Eagle Bulk Ultraco LLC ("Ultraco"), a wholly-owned subsidiary of the Company, entered into a new senior secured credit facility (the "New Ultraco Debt Facility"), with the Company and certain of its indirect vessel-owning subsidiaries, as guarantors, the lenders party thereto, the swap banks party thereto, ABN AMRO Capital USA LLC ("ABN AMRO"), Credit Agricole Corporate and Investment Bank, Skandinaviska Enskilda Banken AB (PUBL) and DNB Markets Inc., as mandated lead arrangers and bookrunners, and ABN AMRO, as arranger, security trustee and facility agent. The New Ultraco Debt Facility provides for an aggregate principal amount of $208.4 million, which consists of (i) a term loan facility of $153.4 million and (ii) a revolving credit facility of $55.0 million. The proceeds from the New Ultraco Debt Facility were used to repay in full (i) the outstanding debt including accrued interest under (a) the credit agreement, dated June 28, 2017, made by, among others, Ultraco, as borrower, the banks and financial institutions party thereto and ABN AMRO, as securities trustee and facility agent, in the original principal amount of up to $61.2 million (the "Original Ultraco Debt Facility") and (b) the credit agreement, dated December 8, 2017, made by, among others Eagle Shipping LLC, a wholly-owned subsidiary of the Company ("Eagle Shipping"), as borrower, the entities and financial institutions party thereto and ABN AMRO, as security trustee and facility agent, in the original principal amount of up to $65.0 million (the "New First Lien Facility"), and (ii) for general corporate purposes. Outstanding borrowings under the New Ultraco Debt Facility bear interest at LIBOR plus 2.50% per annum.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Navigator Holdings (NVGS) 513 0% 1,833 878 0 0 0 0 1,117
International Seaways (INSW) 506 0% 7.3 1% 1,865 870 373 0 12 159 1,150
Costamare (CMRE) 505 0% 3,051 1,694 0 0 0 0 1,655
Teekay Offshore Partners (TOO) 505 0% 5,312 3,853 0 0 0 0 3,413
Doriang (LPG) 478 0% 27.2 -1% 1,619 700 192 0 -24 41 1,115
Scorpio Bulkers (SALT) 399 0% -3.4 -19% 1,704 843 100 0 -324 -324 1,098
MCBC Holdings (MCFT) 382 24% 10.9 9% 249 176 466 113 21 45 490
Genco Shipping & Trading (GNK) 342 0% 7.9 -1% 1,564 552 381 0 -18 87 691
Teekay (TK) 337 0% 8,392 5,525 0 0 0 0 3,195
SEACOR Marine Holdings (SMHI) 335 32% 42.9 -7% 1,077 565 262 83 -77 17 708
Diana Shipping (DSX) 330 0% 1,188 560 0 0 0 0 713
Eagle Bulk Shipping (EGLE) 327 0% 8.9 0% 864 388 303 0 3 68 602
Nordic American Tankers (NAT) 288 0% 1,071 469 0 0 0 0 675
Teekay Tankers (TNK) 252 0% 2,161 1,214 0 0 0 0 934
Tsakos Energy Navigation (TNP) 230 0% 3,205 1,710 0 0 0 0 1,617
Safe Bulkers (SB) 181 0% 1,076 593 0 0 0 0 698
Ardmore Shipping (ASC) 161 0% 845 498 0 0 0 0 336
Overseas Shipholding Group (OSG) 158 0% 6.4 1% 1,057 724 346 0 8 68 437
Pangaea Logistics Solutions (PANL) 154 0% 5.0 4% 459 290 258 0 19 46 230
Danaos (DAC) 149 0% 2,680 1,989 0 0 0 0 1,694

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash25182000000
Accounts Receivable149111720
Inventory1112101416
PP&E10011
Assets1,8671,7891,723401808846
Accounts Payable111060714
Long-Term Debt1,1291,1452,2590326339
Liabilities1,1931,1951,1921347367
Stockholders' Equity674594531400461480
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue313191202237310
Cost of Revenue
Gross Profit
R&D
SG&A38321623336
Tax
Net Income-15-103-71-224-4413
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating585-0-5745
Cash Investing-15802-37-155-31
Cash Financing-5-12-0821287