ATHENS, Greece, March 21, 2025 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that the Company's annual report on Form 20‐F (the "Annual Report"), which contains the Company's audited financial statements for the fiscal year ended December 31, 2024, was filed with the Securities and Exchange Commission on March 19, 2025. The Annual Report can be found on the Commission's website at http://www.sec.gov and on the Company's website at http://www.starb ...

Revenue and Fleet Growth - Voyage revenues increased to $1,265.5 million in 2024 from $949.3 million in 2023, a growth of approximately 33.3%[356] - The average number of vessels in the fleet rose to 144.3 in 2024 from 123.3 in 2023, resulting in an increase in available days to 50,649 from 43,357[356] Operating Expenses - Vessel operating expenses increased to $275.0 million in 2024 from $221.3 million in 2023, reflecting higher costs associated with the increased fleet size[359] - Dry docking expenses rose to $62.7 million in 2024 from $42.0 million in 2023, attributed to more vessels undergoing dry docking[360] - Depreciation expense increased to $164.1 million in 2024 from $138.4 million in 2023, driven by the larger fleet size[361] - General and administrative expenses increased to $70.8 million in 2024 from $54.4 million in 2023, largely due to the expanded fleet[363] Cash Flow and Financial Performance - Net cash provided by operating activities was $471.2 million in 2024, up from $335.8 million in 2023, primarily due to higher charter rates and increased fleet size[380] - The company reported a net gain of $43.3 million from vessel sales in 2024, compared to a gain of $29.4 million in 2023[365] - Net cash provided by investing activities increased to $356.2 million in 2024 from $235.5 million in 2023, driven by higher vessel sale proceeds of $303.2 million compared to $251.0 million in 2023 and $104.3 million received from the Eagle Merger[382] - Net cash used in financing activities rose to $648.2 million in 2024 from $595.9 million in 2023, primarily due to increased net debt outflows of $342.0 million in 2024 compared to $51.2 million in 2023 and higher dividends paid of $277.0 million versus $158.1 million in 2023[383] Debt Facilities and Refinancing - The ABN $67.9 million Facility was refinanced, extending the repayment date to June 2027 and secured by seven vessels, with a prepayment of $6.3 million made in April 2024[386] - The CEXIM $106.5 million Facility, drawn in November 2019, is repayable in 40 equal quarterly installments of $0.7 million, secured by three vessels[388] - The DNB $107.5 million Facility, drawn in September 2021, is repayable in 20 equal quarterly principal payments of $2.2 million, with a balloon payment of $19.7 million due in September 2026[391] - The ABN AMRO $97.1 million Facility was fully drawn and secured by four vessels, with the second tranche maturing in October 2024[392] - The Credit Agricole $62.0 million Facility is repayable in 20 quarterly installments, with a balloon payment of $8.8 million due in November 2026, secured by five vessels[394] - As of December 31, 2024, the ING Facility is secured by a total of 18 vessels following various prepayments made throughout 2023 and 2024[397] - The company made significant prepayments in 2024, including $58.5 million related to the vessel Star Pavlina and $9.1 million for the vessel Star Bovarius[396] - The company assumed $375.5 million of bank loans as part of the Eagle Merger, which were refinanced using various facilities totaling $388.1 million[420] Vessel Valuation and Impairment Risks - The company has 6 out of 151 operating vessels with a market value below their carrying value, with an aggregate difference of $4.0 million[443] - The company has identified several dry bulk carrier vessels whose market value is lower than their carrying value as of December 31, 2023, indicating potential impairment risks[457] - The risk factors include potential declines in market values of vessels due to shipping industry conditions, which could affect borrowing capacity and lead to impairment charges[458] Management and Governance - The company appointed Mr. Gary Weston to the Board of Directors following the Eagle Merger on April 9, 2024, indicating ongoing strategic changes[461] - The company has a diverse Board of Directors with extensive experience in shipping and finance, which supports its strategic decision-making[462] - The Chief Executive Officer, Petros Pappas, has been with the company since its inception and has significant experience in vessel acquisitions and disposals[464] - The company has a strong focus on developing and executing vessel acquisitions and dispositions, with over 200 transactions managed by the Chief Operating Officer, Nicos Rescos[470] Employee and Director Compensation - Total compensation for senior management in 2024 was $2.5 million, with non-employee directors receiving an annual cash retainer of $15,000 each[483] - The aggregate compensation of the Board of Directors for 2024 was approximately $0.2 million[483] - The company does not have a retirement plan for its officers or directors[483] - The company awarded 435,450 common shares to key employees as of December 31, 2024, with a closing stock price of $14.95[492] Shareholder Agreements and Ownership - The company repurchased a total of 20 million common shares, reducing Oaktree's ownership from approximately 25.3% to 7.3%[523] - As of July 2, 2024, Oaktree shareholders beneficially own approximately 4.6% of the company's common shares, leading to the termination of the Oaktree Shareholders Agreement[524] - The Pappas shareholders beneficially own approximately 3.6% of the total issued and outstanding common shares as of February 17, 2025[525] - The Pappas Shareholders Agreement restricts the Pappas shareholders from engaging in certain transactions until terminated[530] Compliance and Financial Covenants - As of December 31, 2024, the company was in compliance with all financial covenants in its debt agreements[427] - The company is involved in ongoing discussions regarding financial covenants in credit facilities, which may be influenced by market conditions and vessel valuations[458]

Star Bulk Carriers Corp. (NASDAQ:SBLK) Q4 2024 Earnings Conference Call February 19, 2025 11:00 AM ET Company Participants Simos Spyrou - Co-Chief Financial Officer Nicos Rescos - Chief Operating Officer Charis Plakantonaki - Chief Strategy Officer Petros Pappas - Chief Executive Officer Hamish Norton - President Christos Begleris - Co-Chief Financial Officer Conference Call Participants Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Clement Mullins - Value Investors Operator Thank you for standing ...

FINANCIAL RESULTS Q4 2024 February 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 a ...

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -19.05%. A quarter ago, it was expected that this shipping company would post earnings of $0.71 per share when it actually produced earnings of $0.71, delivering no surprise.Over the last four quarters, the comp ...

Exhibit 99.1 STAR BULK CARRIERS CORP. REPORTS NET PROFIT OF $42.4 MILLION FOR THE FOURTH QUARTER OF 2024, AND DECLARES QUARTERLY DIVIDEND OF $0.09 PER SHARE ATHENS, GREECE, February 18, 2025 – 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 2024 and the year ended December 31, 2024. Unless otherwise indicated or unless t ...

ATHENS, Greece, Feb. 18, 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, today announced its unaudited financial and operating results for the fourth quarter of 2024 and the year ended December 31, 2024. 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. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Star Bulk Carriers (SBLK) .Star Bulk Carriers currently has an average brokerage recommendation ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Star Bulk Carriers (SBLK) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 18, 2025, might help the stock move higher if these key numbers are bette ...

Star Bulk Carriers (SBLK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this shipping company have returned +2.1%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Transportation - Shipping industry, which Star Bulk Carriers falls in, has gained 1.2%. The key question now is: What could be the st ...