Star Bulk Carriers (SBLK) closed at $17.68 in the latest trading session, marking a +1.09% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq increased by 0.52%. Shares of the shipping company have depreciated by 11.85% over the course of the past month, underperforming the Transportation sector's gain of 0.37%, and the S&P 500's gain of 0.71%.The upcoming earnings release of St ...

北京时间10月10日22时56分左右，美股三大指数迅速跳水，截至发稿，跌幅继续扩大，道琼斯指数跌1.02%，标普500指数跌超1%，纳斯达克综合指数跌 超2%。 伦敦金现 ▼ AUUSDO 贵 4021.960 3989.380 卧收 4020.220 4020.220 3946.590 买价 30.840 0.77% 3989.150 4021.080 卖价 开 相关 ETF 2 金 ETF 8.975 -1.45% > 月K 分时 日K 團K 五日 中文 ▲ 最新: 4020.220 30.840 0.773% 4032.170 1.07% 0.00% 3946.590 08:00 07:59 开启您的 T+0黄金账户>> × | | | 纽约金主连 | ▲ | O Q | | --- | --- | --- | --- | --- | | | | GC0W | | | | 4027.7 | 高 口 | 4029.9 振幅 | 1.73% 量 | 23.80万 | | | | 39617 昨年 | 3972 6 结合 37 91万 | | | 55.1 1.39% | 14/1 开 | 3990.1 | ...

ATHENS, Greece, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that Mr. Mikkel Storm Weum was appointed to the Company’s Board of Directors to serve as a Class B director. Mr. Weum is an Investment Director in Seatankers Management Norway AS and also serves on the board of NYSE listed FLEX LNG Ltd. About Star BulkStar Bulk is a global shipping company provi ...

Company Performance - Star Bulk Carriers (SBLK) closed at $18.53, reflecting a -1.01% change from the previous day, underperforming the S&P 500's gain of 0.06% [1] - The stock has decreased by 1.11% over the past month, compared to a loss of 0.58% in the Transportation sector and a gain of 3.94% in the S&P 500 [1] Upcoming Earnings - The company is expected to report an EPS of $0.35, indicating a 50.7% decline from the same quarter last year [2] - Revenue is anticipated to be $276.05 million, representing a 19.82% decrease compared to the year-ago quarter [2] Full-Year Estimates - Zacks Consensus Estimates project earnings of $1.04 per share and revenue of $1.05 billion for the full year, reflecting year-over-year declines of -60.46% and -17.26%, respectively [3] Analyst Forecasts - Recent revisions to analyst forecasts for Star Bulk Carriers are important as they indicate short-term business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank and Valuation - Star Bulk Carriers currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [6] - The company is trading at a Forward P/E ratio of 18, which is higher than the industry average of 11.31, indicating a premium valuation [7] Industry Context - The Transportation - Shipping industry has a Zacks Industry Rank of 58, placing it in the top 24% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [8]

Core Insights - The company reported a strong performance in the first half of the year, with a 9% sequential increase in unit volumes driven by underlying demand growth from both existing and new OEM customers [2] - There was an 8% sequential increase in direct unit sales and a 27% increase in direct revenue, indicating the effectiveness of the strategy to transition large OEM customers to the direct channel [3] - The product mix improved compared to the second half of the previous year, contributing to a 19% sequential increase in adjusted EBITDA [4] Financial Performance - The company experienced a normalized channel inventory position, contrasting with the heavy inventory issues that negatively impacted performance in the second half of last year [2] - Despite a dynamic tariff environment affecting sales into the U.S., there has been no significant evidence of impact on demand from U.S. OEM or consumer customers [4] Strategic Outlook - The company views the current market conditions as a significant source of opportunity for medium to long-term growth [5]

Core Viewpoint - The discussion during the Capital Link conference highlighted the need for a unified global regulatory framework to drive substantial changes in the shipping industry, particularly regarding fleet renewal and alternative fuels [3][9]. Regulatory Framework - The upcoming international regulatory framework is seen as a "milestone" that could provide long-awaited global guidance for the industry, potentially accelerating the energy transition [3]. - A unified carbon pricing and certification system is deemed essential for shipowners' investments, with lessons learned from the EU ETS implementation [5]. - The complexity of new regulations raises concerns about compliance difficulties, leading some shipowners to face potential fines to maintain operations [5][9]. Fuel Selection - The topic of fuel selection is contentious, with a focus on transitional fuels as practical solutions compatible with existing fleets [5]. - The "chicken and egg" dilemma regarding alternative fuel production and regulatory certainty is a significant concern for shipowners and fuel suppliers [7]. - A new responsibility framework and insurance arrangements are necessary for the transition to alternative fuels, as the shipping industry has long relied on by-products from the refining industry [7]. Shipowner Strategies - Shipowners exhibit cautious attitudes towards new ship orders, with significant uncertainty suppressing new orders, particularly in the tanker and bulk markets [9]. - Some companies are opting for stock buybacks and cash retention instead of placing new orders, citing high costs and regulatory risks associated with traditional fuel vessels [9]. - The industry is leaning towards a "gradual transition" rather than aggressive transformation, waiting for clearer policies and fuel market signals before making large-scale fleet updates [9]. Consensus and Future Outlook - Despite differing views on fuel pathways and investment timing, there is consensus on the necessity of a unified and enforceable regulatory system for the shipping industry's green transition over the next decade [9][10]. - Energy efficiency improvements are prioritized as more practical than large-scale alternative fuel adoption before 2030 [10]. - A multi-pathway approach involving LNG, methanol, ammonia, and other fuels is recognized as essential, as the industry cannot rely on a single fuel for its transition [10]. - Uncertainty continues to delay investments from both shipowners and fuel suppliers, who are awaiting clearer policy and market signals [10].

Core Insights - Star Bulk Carriers focuses on shareholder value creation through disciplined capital allocation and adaptability to market changes [1][3] Fleet Upgrade Strategy - The company is investing in efficiency improvements, fitting vessels with energy-saving devices and high-efficiency propellers, aiming for 10-15% fuel savings while complying with IMO carbon regulations [2] - A total of 47 energy-saving installations have been completed, with 13 more planned for 2025, alongside five newbuilding Kamsarmax vessels scheduled for delivery in 2026 [2] Capital Return Policy - Since 2021, Star Bulk has created $2.75 billion in shareholder value, including $1.4 billion in dividends, $518 million in share buybacks, and $876 million in debt repayment [3] - The company repurchased approximately 3.3 million shares for $54 million in Q2 2025, funded by the sale of nine older vessels, generating equity proceeds of about $82.1 million [4] - A dividend of $0.05 per share was declared for Q2 2025, maintaining a policy of distributing approximately 60% of operating cash flow [5] Debt Management - Star Bulk amortizes around $250 million annually without refinancing, reducing net debt to $761 million as of August 4, 2025, which is well covered by the fleet's scrap value of $932 million [6] - The company has cash reserves of $407 million and an additional $115 million in undrawn revolver capacity, providing pro forma liquidity exceeding $520 million [6] Market Outlook - The dry bulk orderbook is low at approximately 10.8% of the fleet, with 27.7% of the global fleet over 15 years old, leading to reduced effective capacity [8] - Demand is supported by an "ocean imbalance," with more ships in the Pacific and fewer in the Atlantic, likely to persist into early 2026 [9] - Star Bulk anticipates a stronger second half of 2025 due to Chinese restocking and Brazilian iron ore seasonality, alongside long-haul shipments from Guinea's Simandou mine [10] 2026 Outlook - The company projects dry bulk trade growth of +0.3% in tons and +0.6% in ton-miles for 2026, with a favorable supply-demand balance expected due to limited fleet growth and ongoing slow steaming [12] Strategic Positioning - Star Bulk's strategy aligns capital returns, operational efficiency, and market positioning, focusing on buybacks during NAV discounts and maintaining liquidity for future opportunities [13]

Financial Data and Key Metrics Changes - The company reported a net income of $40,000 with an adjusted net income of $13,200,000 or $0.11 per share [4] - Adjusted EBITDA for the quarter was $69,000,000 [4] - Total cash at the end of the quarter was $431,000,000, down from $437,000,000 at the beginning of the quarter [7] - Total debt stood at $1,120,000,000, with additional liquidity of $115,000,000 from undrawn revolver facilities [5] Business Line Data and Key Metrics Changes - The time charter equivalent rate was $13,624 per vessel per day, with combined daily operating expenses and net cash G&A expenses per vessel at $6,277 [5] - Cost synergies achieved during Q2 2025 were approximately $13,000,000, with operating expense and G&A savings for the Eagle fleet at approximately $19.90 per vessel per day [9] Market Data and Key Metrics Changes - Total dry bulk trade during 2025 is projected to contract by 0.9%, while ton miles are expected to expand by 0.2% [20] - The average steaming speed of the fleet has stabilized at around 11 knots, slightly rebounding from Q1 record lows [19] - Chinese dry bulk imports contracted by 4.2% year over year in the first half, but GDP growth in China exceeded expectations [23][24] Company Strategy and Development Direction - The company continues to prioritize returns to shareholders, declaring a dividend of $0.05 per share for the quarter [4] - The company is focused on disposing of smaller, older, and inefficient vessels while investing in energy-saving technologies and fleet upgrades [12][14] - The company is committed to complying with upcoming global environmental regulations and investing in digitalization and cybersecurity [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about Q4, citing increased trade activity and a positive outlook for 2026 [44][46] - The company noted that June exports reached an all-time high, contributing to a better market outlook [42] - Management acknowledged uncertainties due to tariffs but remains focused on managing the fleet to capitalize on market opportunities [29] Other Important Information - The company has repurchased 3,300,000 shares for a total of $54,000,000 [4] - The company has completed 47 installations of energy-saving technologies with another 13 planned for 2025 [11] Q&A Session Summary Question: Expectations around further divestment of older tonnage - The company intends to continue disposing of smaller, older, and inefficient vessels as a hedge against market fluctuations [34] Question: Technology options for improving fleet efficiency - The company is exploring various technologies, including hot cleaning robots and carbon capture technology, to optimize performance [36][38] Question: Market resurgence and seasonality - Management noted that June exports reached an all-time high and attributed the market improvement to expedited exports before potential tariff effects [42][44] Question: Use of buyback in the second half - The company will prioritize actions that benefit shareholders, considering stock performance and potential opportunities for cash reserves [48][50]

Financial Performance - The company reported a Net Income of $0.04 million and an Adjusted Net Income of $13.2 million[9] - Adjusted EBITDA reached $69 million[9] - The company declared a dividend of $0.05 per share[9] - The company's cash position is approximately $407 million[9] - Proforma Debt and lease obligations are $1,121 million[9] - Additional liquidity of $115 million is available through undrawn revolver facilities, resulting in proforma liquidity in excess of $520 million[9] - TCE per vessel was $13,624, while average daily OPEX per vessel was $4,928, and average daily net cash G&A expenses per vessel were $1,349, resulting in TCE less OPEX less G&A expenses of $7,347[8] Shareholder Value & Fleet Management - The company repurchased approximately 3.3 million SBLK shares for $54 million during Q2 2025[9] - The company sold 9 vessels with equity proceeds of approximately $82.1 million, with $50.6 million to be received in H2 2025[9] - The company renewed its Share Repurchase program of up to $100 million[9] - The company has twelve debt free vessels with an aggregate market value of $246 million[9] Eagle Bulk Integration & Cost Synergies - Over $53 million of Cumulative Cost Synergies have been achieved since closing of the Eagle Bulk transaction in April 2024[23] - Q2 2025 Synergies are around $13 million[24] Fleet & Coverage - Fleet wide coverage for Q3 2025 is 72% at a TCE of $16,326/day[59] - The company operates a fleet of 142 vessels with an average age of ~11.9 years[37] - The company expects to receive on aggregate net sale proceeds of $104 million in Q3 and Q4 2025 and make debt prepayments of approximately $18.9 million related to the sold ships[37] Dry Bulk Market - Dry bulk trade in 2025 is projected at -0.9% in tons and +0.2% ton-miles[52] - Orderbook is relatively low at ~10.8% of the fleet (~113.2 million dwt)[46] - Vessels above 15 years of age are at ~27.7% of the fleet (~291 million dwt)[46]

分组1 - Star Bulk Carriers reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, but down from $0.78 per share a year ago, representing an earnings surprise of +266.67% [1] - The company posted revenues of $247.41 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.47%, but down from $352.88 million year-over-year [2] - Star Bulk Carriers shares have increased approximately 29.2% since the beginning of the year, outperforming the S&P 500's gain of 7.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.63 on revenues of $302.01 million, and for the current fiscal year, it is $1.41 on revenues of $1.07 billion [7] - The Zacks Industry Rank indicates that the Transportation - Shipping sector is currently in the bottom 39% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] 分组3 - The estimate revisions trend for Star Bulk Carriers was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]