Research analysts who have asked questions during Star Bulk Carriers earnings calls.
Omar Nokta
Jefferies
8 questions for SBLK
Also covers: AMKBY, ASC, CCEC +21 more
Chris Robertson
Deutsche Bank
4 questions for SBLK
Also covers: EE, GLNG, GNK +3 more
Christopher Robertson
Deutsche Bank AG
4 questions for SBLK
Also covers: EE, GLNG, GNK +4 more
BN
Bendik Nyttingnes
Clarksons Securities AS
1 question for SBLK
Also covers: CLCO, ECO, GNK +1 more
BN
Benjamin Nolan
Stifel
1 question for SBLK
Also covers: ASC, CDLR, CMRE +17 more
CM
Clement Mullins
Value Investors Edge
1 question for SBLK
Also covers: BWLP, BWLPG, CMDB +3 more
Climent Molins
Value Investors
1 question for SBLK
Also covers: CLCO, CMBT, CMRE +13 more
DS
Doug Smith
Everest
1 question for SBLK
Recent press releases and 8-K filings for SBLK.
Star Bulk Carriers Announces Q4 2025 Results
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported a Net Income of $65.2 million and Adjusted EBITDA of $126.4 million for Q4 2025.
- The company declared a dividend of $0.37 per share for Q4 2025 and repurchased approximately 1.2 million shares for $22.7 million during the quarter. A new share repurchase program of up to $100.0 million was authorized.
- Cash at the end of Q4 2025 was $501.9 million , with proforma debt and lease obligations totaling $1,007 million as of February 18, 2026.
- Operational performance for Q4 2025 included an average daily TCE per vessel of $19,012, average daily OPEX per vessel of $5,045, and net cash G&A expenses per vessel of $1,399.
- The company's fleet consists of 141 vessels , with $206.6 million remaining CAPEX for 8 newbuilding Kamsarmax contracts.
Feb 26, 2026, 4:00 PM
Star Bulk Carriers Announces Q4 2025 Financial Results and Capital Allocation Plan
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported Q4 2025 adjusted net income of $74.5 million and adjusted EPS of $0.16, with an Adjusted EBITDA of $126.4 million.
- The company declared a $0.37 per share dividend for Q4 2025 and announced a new policy to distribute 100% of free cash flow, maintaining a minimum quarterly dividend of $0.05 per share.
- A new $100 million share repurchase program was authorized, following $22.7 million in share repurchases during Q4 2025.
- The company maintains a strong balance sheet with $459 million in cash and $1 billion in outstanding debt, alongside 27 debt-free vessels valued at approximately $630 million.
- Management expressed an optimistic outlook for the dry bulk market, citing a favorable supply backdrop, tightening environmental regulations, and easing trade tensions, with projected dry bulk demand growth of 0.6% in tons and 1.9% in ton-miles for 2026.
Feb 26, 2026, 4:00 PM
Star Bulk Carriers Reports Q4 2025 Financial Results and Capital Allocation Plans
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported Q4 2025 adjusted net income of $74.5 million and adjusted EPS of $0.16, with adjusted EBITDA at $126.4 million.
- The company declared a $0.37 per share dividend for Q4 2025, repurchased 1.2 million shares for $22.7 million, and authorized a new $100 million share repurchase program. A new dividend policy was announced, intending to distribute 100% of free cash flow.
- Star Bulk ended Q4 2025 with $502 million in cash and a fleet-wide time charter equivalent (TCE) of $19,012 per day per vessel.
- For 2026, dry bulk demand is projected to grow 0.6% in tons and 1.9% in ton-miles, supported by the IMF's raised global GDP forecast of 3.3%.
Feb 26, 2026, 4:00 PM
Star Bulk Carriers Reports Q4 2025 Results and Updates Capital Allocation Policy
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported Q4 2025 net income of $65.2 million and adjusted EPS of $0.16, with a Time Charter Equivalent (TCE) of $19,012 per day per vessel.
- The company declared a $0.37 per share dividend for Q4 2025 and introduced a new capital allocation policy to distribute 100% of free cash flow, supported by a new $100 million share repurchase program.
- Star Bulk ended Q4 2025 with approximately $502 million in cash and $1 billion in outstanding debt, having repurchased 1.2 million shares for $22.7 million during the quarter.
- The company is actively managing its fleet, selling older vessels and having 8 new buildings on track for delivery in 2026 with $206.6 million in remaining CapEx.
- The dry bulk market outlook for 2026 anticipates 0.6% growth in trade volume and 1.9% in ton-miles, with grain trade projected to surge 7.8%.
Feb 26, 2026, 4:00 PM
Star Bulk Provides Q4 2025 TCE Update
SBLK
Guidance Update
Earnings
- Star Bulk Carriers Corp. estimates its fleet-wide Time Charter Equivalent (TCE) rate for the fourth quarter of 2025 to be approximately $19,500 per day, covering approximately 93% of its owned available days for the quarter.
- For the Newcastlemax/Capesize segment, the estimated TCE rate is approximately $27,600 per day for about 91% of its owned available days.
- The Post Panamax/Kamsarmax/Panamax segment is expected to have a TCE rate of approximately $16,400 per day, covering about 92% of its owned available days.
- The Ultramax/Supramax segment's estimated TCE rate is approximately $17,400 per day for approximately 94% of its owned available days for the quarter.
Dec 10, 2025, 2:15 PM
Star Bulk Carriers Corp. Announces Q3 2025 Financial and Operating Results
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers Corp. reported a net income of $18.5 million and diluted earnings per share of $0.16 for the third quarter of 2025, compared to $81.3 million and $0.69, respectively, in the third quarter of 2024.
- Voyage revenues decreased to $263.9 million in Q3 2025 from $344.3 million in Q3 2024, with the Daily Time Charter Equivalent (TCE) Rate declining to $16,634 from $18,843, mainly due to a decrease in the average number of vessels and weaker charter rates.
- The company declared a quarterly cash dividend of $0.11 per share for Q3 2025 and has repurchased approximately $82.1 million worth of shares year-to-date, with $91.4 million remaining under its share repurchase program.
- As part of its fleet renewal strategy, Star Bulk agreed to acquire three Kamsarmax newbuilding resales in October 2025 for Q3 2026 delivery, while also selling several vessels in Q3 and October 2025.
- Despite near-term uncertainties from geopolitical tensions, management believes medium-term dry bulk market fundamentals are robust due to increasing renewal needs and restricted fleet growth.
Nov 26, 2025, 9:07 PM
Star Bulk Carriers Announces Q3 2025 Financial Results and Dividend
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported net income of $18.5 million and adjusted net income of $32.4 million, or $0.16 adjusted income per share, for Q3 2025, with adjusted EBITDA of $87 million.
- The company declared a dividend per share of $0.11 for Q3 2025, payable by December 18, 2025. They also repurchased 250,000 shares for $4.4 million during Q3 2025, and an additional 360,000 shares for $6.7 million from the beginning of Q4 until November 19, 2025.
- For Q3 2025, the time-charter equivalent (TCE) rate was $16,634 per vessel per day, with combined daily OPEX and net CAS G&A expenses at $6,421 per vessel per day.
- As of November 19, 2025, total cash was $454 million and total debt was $1.028 billion, resulting in pro forma liquidity exceeding $570 million.
- The company is expanding its fleet with three new 82,000 DWT Kamsarmax newbuildings for Q3 2026 delivery and five Kamsarmax newbuildings expected for Q3/Q4 2026 delivery. During Q3 2025, Star Bulk sold six Kamsarmax and Supramax vessels for $75.5 million.
Nov 19, 2025, 4:00 PM
Star Bulk Reports Q3 2025 Financial and Operational Results
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk reported Net Income of $18.5 million and Adjusted Net Income of $32.4 million for Q3 2025, with an Adjusted EBITDA of $87 million.
- The company declared a dividend of $0.11 per share for Q3 2025 and repurchased approximately 250,000 SBLK shares for $4.4 million during the quarter.
- As of November 14th, 2025, Star Bulk held ~$454 million in cash and had proforma debt and lease obligations of $1,028 million.
- For Q3 2025, the company's daily figures included a TCE per vessel of $16,634, average daily OPEX per vessel of $5,096, and average daily net cash G&A expenses per vessel of $1,325.
- Star Bulk's fleet comprises 145 vessels with an average age of ~11.9 years, and the company entered into agreements for three newbuilding Kamsarmax vessels to be delivered in Q3 2026.
Nov 19, 2025, 4:00 PM
Star Bulk Carriers Reports Q3 2025 Financial Results and Declares Dividend
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported adjusted net income of $32.4 million and adjusted income per share of $0.16 for Q3 2025, with Adjusted EBITDA reaching $87 million.
- The company declared a dividend per share of $0.11 for Q3 2025 and continued its share repurchase program, buying back 250,000 shares for $4.4 million in Q3 and an additional 360,000 shares for $6.7 million into Q4.
- As of Q3 2025, total cash stood at $454 million and total debt at $1.028 billion, with pro forma liquidity exceeding $570 million. The time-charter equivalent rate for the quarter was $16,634 per vessel per day.
- Star Bulk sold six Kamsarmax and Supramax vessels for $75.5 million in Q3 2025, while also securing three new 82,000 deadweight Kamsarmax newbuildings for Q3 2026 delivery to renew its fleet.
Nov 19, 2025, 4:00 PM
Star Bulk Carriers Reports Q3 2025 Financial Results and Fleet Updates
SBLK
Earnings
Dividends
Share Buyback
- Star Bulk Carriers reported net income of $18.5 million and adjusted net income of $32.4 million, or $0.16 adjusted income per share, for the third quarter of 2025, with Adjusted EBITDA of $87 million.
- The company declared a dividend per share of $0.11 for Q3 2025 and repurchased 250,000 shares for $4.4 million during the quarter, with $91 million remaining in its share repurchase program.
- As of the document date, total cash stood at $454 million and total debt at $1.028 billion, resulting in pro forma liquidity of more than $570 million including undrawn facilities.
- Star Bulk is actively managing its fleet, having sold six Kamsarmax and Supramax vessels for $75.5 million in Q3 and securing eight Kamsarmax newbuildings for delivery in 2026.
- The dry bulk market experienced a 5.1% year-over-year increase in trade volumes during Q3, with total dry bulk trade projected to expand by 1.4% in ton miles for 2025 and 2.1% for 2026.
Nov 19, 2025, 4:00 PM
Quarterly earnings call transcripts for Star Bulk Carriers.
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