Star Bulk Carriers Corp. Stock Price, News & Analysis

Star Bulk Carriers Corp. (SBLK) reported Q1 2025 financial results with net profit of $0.5 million, down from $74.9 million in Q1 2024. The company's TCE rate decreased to $12,439 per day from $19,627 in Q1 2024, reflecting weaker market conditions. Key metrics include: - Voyage revenues decreased to $230.7M from $259.4M - EBITDA of $58.0M, down from $126.3M - Board declared quarterly dividend of $0.05 per share - Repurchased 1.28M shares at average price of $15.24 - Fleet optimization continues with sale of 5 Supramax vessels - Strong liquidity position of over $500M with net debt below scrap value The company maintains a constructive outlook on medium/long-term industry prospects, supported by favorable order book and IMO's GHG emission measures.

Star Bulk Carriers Corp. (Nasdaq: SBLK) held its 2025 Annual Meeting of Shareholders in Cyprus on May 14, 2025. During the meeting, shareholders approved two key proposals: the re-election of Petros Pappas, Arne Blystad, and Raffaele Zagari as Class C Directors to the company's Board of Directors, and the appointment of DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. as the company's independent auditors for the fiscal year ending December 31, 2025.

Star Bulk Carriers Corp. (SBLK) has scheduled the release of its first quarter 2025 financial results for Wednesday, May 14, 2025, after the New York market closes. The company will host a conference call to discuss these results on Thursday, May 15, 2025, at 11:00 a.m. ET.

Participants can join via phone using US Toll-Free (877-405-1226), International (201-689-7823), or UK Toll-Free (0-800-756-3429) numbers. The conference ID is 13753831. A live webcast and accompanying slides will be available through Star Bulk's website, with archived versions accessible after the call.

Star Bulk Carriers Corp. (Nasdaq: SBLK) has announced the filing of its 2024 Annual Report on Form 20-F with the Securities and Exchange Commission on March 19, 2025. The report, which includes the company's audited financial statements for the fiscal year ended December 31, 2024, is now accessible to the public through both the SEC's website and Star Bulk's official website.

Star Bulk Carriers Corp. (SBLK) reported a net profit of $42.4 million for Q4 2024, with voyage revenues of $308.9 million. The company declared a quarterly dividend of $0.09 per share, payable March 18, 2025. The company's TCE revenues increased to $216.8 million, though TCE rate decreased to $16,129 per day compared to $18,296 in Q4 2023.

Under its amended dividend policy, Star Bulk may allocate up to 60% of excess cash flow towards dividends, with the remainder for share buybacks and growth initiatives. The company repurchased 893,474 shares between December 2024 and January 2025 at an average price of $15.08 per share. The company achieved $12.6 million in cost reductions in Q4 alone, reaching an annualized run rate of over $50 million in synergies ahead of schedule.

Star Bulk Carriers Corp. (Nasdaq: SBLK) has announced its schedule for the release of fourth quarter 2024 financial results. The results will be released after the New York market closes on Tuesday, February 18, 2025.

The company will host a conference call to discuss these results on Wednesday, February 19, 2025, at 11:00 a.m. ET. Participants can join the call using US Toll-Free (+1 877 405 1226), International (+1 201 689 7823), or UK Toll-Free (+0 800 756 3429) numbers. The conference ID is 13751689.

Investors can also access the call through a 'call me' option for faster connection. Additionally, a live webcast and accompanying slides will be available through Star Bulk's website. Participants should register approximately 10 minutes before the webcast begins.

Star Bulk Carriers Corp. (SBLK) has announced significant changes to its dividend policy and share repurchase program. The company's Board has amended its 2021 dividend policy, allowing for up to 60% of cash flow from operations (less debt amortization, maintenance/upgrade CAPEX, and vessel cash reserves) to be allocated toward quarterly shareholder dividends.

The remaining cash flow will be strategically allocated between share repurchases and growth opportunities. The Board has also replaced the existing $50.0 million share repurchase program with a new $100.0 million program. Under this new program, the company has already repurchased 293,474 shares at an average price of $15.5, which will be withdrawn and cancelled, leaving 117,730,112 shares outstanding.

Star Bulk Carriers reported a net profit of $81.3 million for Q3 2024, with earnings per share of $0.69. The company declared a quarterly dividend of $0.60 per share, payable December 18, 2024. Voyage revenues increased to $344.3 million from $223.1 million in Q3 2023, while TCE rate improved to $18,843 from $15,068. The company's fleet expansion to 155.3 vessels from 121.5 contributed to the improved performance. Star Bulk continues its vessel optimization strategy, having sold 29 vessels for $563 million since 2021 and secured $130 million financing for five new Kamsarmax vessels.

Star Bulk Carriers Corp. (SBLK) has released its 2023 Environmental, Social, and Governance (ESG) Report, marking its sixth annual publication. The report adheres to Global Reporting Initiative (GRI 2021) standards, SASB Marine Transportation (2018) guidelines, and aligns with UN Sustainable Development Goals. Ernst & Young has provided assurance for specific GRI and SASB indicators.

The report presents a detailed overview of Star Bulk's sustainability strategy, performance metrics, and targets. Under ESG Committee guidance, the company implements best practices while addressing key environmental, social, and governance challenges. CEO Petros Pappas emphasized the company's commitment to human welfare and environmental well-being while expanding fleet operations.