Core Points - Star Bulk Carriers Corp. will release its second quarter results for the period ended June 30, 2025, after market close on August 6, 2025 [1] - A conference call to discuss the financial results will be held on August 7, 2025, at 11:00 a.m. Eastern Time [1] Conference Call Details - Participants should dial in 10 minutes before the scheduled time using the numbers (+1) 416 764 8646 or (+1) 888 396 8049, quoting "Star Bulk Carriers" and conference ID 13754842 [2] - A live and archived webcast of the conference call will be available on the Company's website [3] Company Overview - Star Bulk is a global shipping company specializing in seaborne transportation solutions in the dry bulk sector, transporting major and minor bulk commodities [4] - The company operates a fleet of 146 vessels with an aggregate capacity of 14.4 million deadweight tons (dwt), including various types of bulk carriers [4]

Financial Performance - Net Income was $42 million and Adjusted Net Income was $41 million[10] - Adjusted EBITDA reached $104 million[10] - A dividend of $009 per share was declared, with a record date of March 4th, 2025[10] - TCE per vessel was $16,129, while average daily OPEX per vessel was $5,056[9] - Average daily net cash G&A expenses per vessel were $1,264, resulting in TCE less OPEX less G&A expenses of $9,809[9] Eagle Bulk Merger & Synergies - Synergies achieved from the Eagle Bulk integration have resulted in more than $22 million in savings to date[10] - Q4 2024 synergies from the Eagle Bulk integration amounted to $126 million, implying an annualized run-rate of $50 million[26] Capital Allocation & Liquidity - Proforma cash was approximately $452 million, and proforma debt and lease obligations were $1266 million as of February 17th, 2025[10] - Additional liquidity of $50 million is available through an undrawn Revolver Facility, bringing proforma liquidity to almost $05 billion[10] - Thirteen debt-free vessels have an aggregate market value of $250 million[10] - Total actions of $26 billion in shareholder value creation since 2021[12] Fleet & Coverage - The company has one of the largest dry bulk fleets among U S and European listed peers, with 155 vessels on a fully delivered basis[39] - Fleet-wide coverage for Q1 2025 is 801% at a TCE of $12,305 per day[63] Market Dynamics - Dry bulk NET fleet growth was +30% in 2024, compared to +31% in 2023[48] - Total dry bulk trade in 2024 is estimated at +33% in tons and +50% in ton-miles[49]

Group 1 - The company is focused on closing the valuation gap through buybacks funded by asset sales, aiming to align stock trading closer to its $24 NAV [1] - A strong dividend policy is expected to support the stock's performance and valuation [1] Group 2 - The analyst has a long position in the shares of SBLK, indicating a positive outlook on the company's stock [2] - The article reflects the analyst's personal opinions and is not influenced by external compensation [2]

Star Bulk Carriers (SBLK) closed at $17.40 in the latest trading session, marking a +2.29% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.13% for the day. Meanwhile, the Dow lost 1.79%, and the Nasdaq, a tech-heavy index, lost 1.3%. Shares of the shipping company have appreciated by 1.25% over the course of the past month, outperforming the Transportation sector's loss of 0.07%, and lagging the S&P 500's gain of 3.55%.Market participants will be closely following the f ...

Star Bulk Carriers (SBLK) Q1 2025 Earnings Call May 15, 2025 11:00 AM ET Company Participants Christos Begleris - Co-CFONicos Rescos - Chief Operating OfficerCharis Plakantonaki - Chief Strategy OfficerPetros Pappas - CEO & DirectorOmar Nokta - Managing DirectorDouglas Smith - Chairman Conference Call Participants Christopher Robertson - Equity Research Analyst - Vice President Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the First Quarte ...

Star Bulk Carriers (SBLK) Q1 2025 Earnings Call May 15, 2025 11:00 AM ET Company Participants Christos Begleris - Co-CFONicos Rescos - Chief Operating OfficerCharis Plakantonaki - Chief Strategy OfficerPetros Pappas - CEO & DirectorOmar Nokta - Managing DirectorDouglas Smith - Chairman Conference Call Participants Christopher Robertson - Equity Research Analyst - Vice President Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the First Quarte ...

Star Bulk Carriers (SBLK) Q1 2025 Earnings Call May 15, 2025 11:00 AM ET Speaker0 Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the First Quarter twenty twenty five Financial Results. We have with us Petros Papas, Chief Executive Officer Mr. Hamish Norton, President Mr. Simo Spiro and Mr. Christos Begleris, Co Chief Executive Officers Mr. Nikos Rescos, Chief Operating Officer and Ms. Charz Plakapanaki, Chief Strategy Officer of the company. At this ...

Company Performance - Star Bulk Carriers reported a quarterly loss of $0.07 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.23, and down from earnings of $0.87 per share a year ago, indicating an earnings surprise of 69.57% [1] - The company posted revenues of $230.65 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 9.56%, but down from $259.39 million in the same quarter last year [2] - Over the last four quarters, Star Bulk Carriers has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] Stock Performance - Star Bulk Carriers shares have increased approximately 9.9% since the beginning of the year, outperforming the S&P 500, which gained only 0.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $276.4 million, and for the current fiscal year, it is $1.31 on revenues of $1.05 billion [7] Industry Outlook - The Transportation - Shipping industry, to which Star Bulk Carriers belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges ahead [8] - The outlook for the industry can significantly impact the stock's performance, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

FINANCIAL RESULTS Q1 2025 May 2025 Forward-Looking Statements This presentation contains certain forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include statements concerning the Company's plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, identified by words such as "be ...

Core Viewpoint - Star Bulk Carriers Corp. reported a significant decline in financial performance for Q1 2025 compared to Q1 2024, with a net income of $0.5 million and a decrease in voyage revenues, while announcing a new minimum quarterly dividend policy of $0.05 per share [1][4][8]. Financial Performance - Voyage revenues decreased to $230.7 million in Q1 2025 from $259.4 million in Q1 2024 [20]. - Net income fell sharply to $0.5 million in Q1 2025 from $74.9 million in Q1 2024 [18]. - Adjusted net loss for Q1 2025 was $7.7 million, compared to an adjusted net income of $73.2 million in Q1 2024 [18][46]. - EBITDA decreased to $58.0 million in Q1 2025 from $126.3 million in Q1 2024 [19][42]. - Adjusted EBITDA was $49.0 million in Q1 2025, down from $123.0 million in Q1 2024 [19][42]. Operational Metrics - The average number of vessels increased to 150.7 in Q1 2025 from 113.3 in Q1 2024 [34]. - Daily Time Charter Equivalent (TCE) rate dropped to $12,439 per day in Q1 2025 from $19,627 per day in Q1 2024, reflecting weaker market conditions [20][35]. - Daily operating expenses per vessel (as adjusted) were $4,898 in Q1 2025, slightly down from $4,962 in Q1 2024 [22][35]. Dividend and Share Repurchase - The Board declared a quarterly cash dividend of $0.05 per share, marking the 17th consecutive quarter of capital returns [5][8]. - Approximately 1.3 million shares were repurchased at an average price of $15.24 per share during Q1 2025, totaling $19.6 million [9]. Fleet and Asset Management - The company agreed to sell five Supramax vessels as part of its strategy to dispose of older and smaller tonnage [6]. - Following recent vessel sales, the company will have 13 unencumbered vessels and expects to collect total net proceeds of approximately $44.4 million in Q2 2025 [14]. Financial Position - The company reported over $500 million in liquidity and net debt below scrap value [7]. - As of March 31, 2025, total assets were $4.02 billion, with total liabilities of $1.56 billion [32].