FINANCIAL RESULTS Q4 2025 February 2026 1 Q4 Financial Highlights 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, ...

ATHENS, Greece, Feb. 25, 2026 (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, today announced its unaudited financial and operating results for the fourth quarter of 2025 and the year ended December 31, 2025. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. ...

Star Bulk Carriers (SBLK) closed at $24.99 in the latest trading session, marking a +1.13% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq lost 0.31%. Shares of the shipping company have appreciated by 16.06% over the course of the past month, outperforming the Transportation sector's gain of 10.45%, and the S&P 500's loss of 0.76%.The investment community will be paying close attention to the earning ...

Core Viewpoint - The market anticipates Star Bulk Carriers (SBLK) will report a year-over-year increase in earnings despite lower revenues in its upcoming earnings report for the quarter ended December 2025 [1] Earnings Expectations - Star Bulk Carriers is expected to post quarterly earnings of $0.59 per share, reflecting a year-over-year increase of +73.5% [3] - Revenues are projected to be $300.54 million, which is a decrease of 2.7% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] - The Most Accurate Estimate for Star Bulk Carriers aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the potential deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [9][10] - Star Bulk Carriers currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat [12][13] Historical Performance - In the last reported quarter, Star Bulk Carriers met the expected earnings of $0.28 per share, resulting in no surprise [14] - Over the past four quarters, the company has surpassed consensus EPS estimates twice [15] Industry Context - In comparison, EuroDry (EDRY) is expected to report earnings of $0.78 per share for the same quarter, indicating a year-over-year change of +412% [19] - EuroDry's revenue is projected to be $16.51 million, up 13.8% from the previous year, with a significant revision of the EPS estimate by 2100% over the last 30 days [20]

Investment Rating - The industry investment rating is "Buy" [3] Core Insights - The dry bulk shipping market is at the beginning of a new cycle, with supply bottoming out and demand showing signs of recovery. The global order book is at a historical low, and the manufacturing PMI has returned above 50, indicating potential demand growth [8][18]. - Different ship types exhibit varying earnings elasticity. The Capesize vessels show the highest elasticity, with a TCE increase of approximately $1,274 per day for every 100-point rise in the BDI index, while smaller vessels have a more muted response [18][96]. - The report highlights the comparative analysis of listed dry bulk shipping companies in the US and Hong Kong, focusing on TCE elasticity and balance sheet quality [18][79]. Summary by Sections Section 1: Elasticity of Listed Companies - The report emphasizes that despite significant differences in fleet size, average age, and order backlog among listed companies, their stock price movements are highly correlated due to the cyclical nature of the industry [18][19]. Section 2: Company Reviews - **Star Bulk Carriers (SBLK)**: SBLK has a diversified fleet and maintains a low average daily operating cost due to its scale. The company has a strong management team with extensive industry experience [21][22]. - **Himalaya Shipping (HSHP)**: HSHP focuses on large bulk carriers and has a young fleet. It benefits from high operational leverage and low cash break-even points, making it a key player in a rising market [34][39]. - **Genco Shipping (GNK)**: GNK has a low debt ratio and focuses on maintaining stable dividends, even during downturns. The company has shifted its strategy to reduce leverage and improve financial health [43][50]. - **Safe Bulkers (SB)**: SB has a concentrated ownership structure and focuses on fleet renewal, replacing older vessels with more environmentally friendly options. The company has a consistent dividend policy [51][55]. - **Diana Shipping (DSX)**: DSX employs a conservative strategy by locking in long-term charters, which stabilizes earnings and supports a steady dividend policy [62][70]. - **Pacific Shipping (2343.HK)**: This company focuses on smaller vessels and has a stable operational model, although it has lower earnings elasticity compared to its US counterparts [72][79]. Section 3: Horizontal Comparison - The report notes a clear differentiation in fleet composition between US and Hong Kong listed companies, with US firms predominantly operating larger vessels. This structural difference impacts their earnings volatility and potential for excess returns during market fluctuations [79][80].

ATHENS, Greece, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that it will release its results for the fourth quarter ended December 31, 2025, after the market closes in New York on Wednesday, February 25, 2026. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, February 26, 2026, at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the c ...

Company Performance - Star Bulk Carriers (SBLK) closed at $21.66, marking a +1.21% increase from the previous day, outperforming the S&P 500's gain of 0.5% [1] - Over the past month, shares of Star Bulk Carriers have appreciated by 10.14%, significantly exceeding the Transportation sector's gain of 1.17% and the S&P 500's gain of 0.18% [1] Upcoming Earnings - The upcoming earnings release is highly anticipated, with projected earnings per share (EPS) of $0.52, reflecting a 52.94% increase from the same quarter last year [2] - Revenue is estimated at $291.28 million, which represents a decline of 5.71% from the prior-year quarter [2] Annual Estimates - For the annual period, Zacks Consensus Estimates anticipate earnings of $0.85 per share and revenue of $1.03 billion, indicating a significant decrease of -67.68% in earnings and no change in revenue from the previous year [3] - Recent changes to analyst estimates are crucial as they reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] Valuation Metrics - Star Bulk Carriers is currently trading with a Forward P/E ratio of 7.78, which is a discount compared to the industry average Forward P/E of 11.13 [6] - The Transportation - Shipping industry, to which Star Bulk Carriers belongs, has a Zacks Industry Rank of 82, placing it in the top 34% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] - Currently, Star Bulk Carriers holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [5]

Company Performance - Star Bulk Carriers (SBLK) closed at $20.90, with a gain of +1.41% from the previous trading session, outperforming the S&P 500 which gained 0.26% [1] - Prior to the recent trading day, shares of Star Bulk Carriers had increased by 12.99%, surpassing the Transportation sector's gain of 0.81% and the S&P 500's gain of 1.57% [1] Earnings Projections - The upcoming EPS for Star Bulk Carriers is projected at $0.52, indicating a 52.94% increase compared to the same quarter of the previous year [2] - Revenue is expected to be $291.28 million, reflecting a 5.71% decrease compared to the year-ago quarter [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $0.85 per share, representing a decrease of -67.68% from the prior year, while revenue is estimated to remain unchanged at $1.03 billion [3] Analyst Estimates - Recent modifications to analyst estimates for Star Bulk Carriers are significant as they indicate changing near-term business trends, with positive revisions seen as a favorable sign for business outlook [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Star Bulk Carriers as 1 (Strong Buy) [6] Valuation Metrics - Star Bulk Carriers has a Forward P/E ratio of 7.49, indicating a discount compared to its industry's Forward P/E of 12.16 [7] - The Transportation - Shipping industry holds a Zacks Industry Rank of 160, placing it in the bottom 35% of over 250 industries [7]

Core Viewpoint - Star Bulk Carriers Inc. stock has experienced a recent decline but shows significant growth over the past month and year, raising questions about its valuation despite current performance issues [1]. Group 1: Stock Performance - The current stock price of Star Bulk Carriers Inc. is $19.51, reflecting a 0.66% drop in the current market session [1]. - Over the past month, the stock has increased by 9.48%, and over the past year, it has risen by 30.90% [1]. Group 2: P/E Ratio Analysis - The P/E ratio of Star Bulk Carriers is 41.79, which is significantly higher than the Marine Transportation industry's aggregate P/E ratio of 15.76 [4]. - A higher P/E ratio suggests that investors expect better future performance from Star Bulk Carriers compared to its industry peers, but it may also indicate that the stock is overvalued [4]. Group 3: Investment Considerations - The P/E ratio is a useful metric for evaluating market performance but should be used cautiously, as it can indicate both undervaluation and weak growth prospects [6]. - Investors should consider the P/E ratio alongside other financial ratios, industry trends, and qualitative factors for a comprehensive analysis of a company's financial health [6].

Company Performance - Pony AI Inc. - Sponsored ADR (PONY) has returned approximately 18.1% year-to-date, significantly outperforming the Transportation sector, which has returned an average of 3% [4] - The Zacks Consensus Estimate for PONY's full-year earnings has increased by 86.4% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [4] Industry Context - Pony AI Inc. belongs to the Transportation - Equipment and Leasing industry, which includes 10 companies and currently ranks 75 in the Zacks Industry Rank. This industry has gained about 17% year-to-date, with PONY performing better than its peers [6] - Another notable stock in the Transportation sector is Star Bulk Carriers (SBLK), which has increased by 6.7% year-to-date and has a consensus EPS estimate that has risen by 91.9% over the past three months [5]