Star Bulk Carriers

Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector. The firm's vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.

Earnings data Q4 2020

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Earnings data Q2 2024

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Star Bulk Carriers posts strong Q4 earnings amidst market optimism

Star Bulk Carriers delivered a robust performance in Q4 2022, driven by strong earnings, positive cash flow, and a commitment to shareholder value through dividends.
While facing challenges such as fleet upgrade expenses and cost management, the company remains well-positioned with a solid financial foundation and growth opportunities.
By capitalizing on its strengths in operational efficiency, ESG initiatives, and market outlook, Star Bulk can navigate challenges and leverage opportunities for sustainable growth.

Star Bulk Carriers reports robust Q1 earnings and advances ESG initiatives

Star Bulk Carriers' Q1 2023 performance reflects financial resilience, operational excellence, and a strategic focus on sustainable growth amidst industry challenges and opportunities.
The company's strengths in liquidity management, capital allocation discipline, and ESG leadership position it well for long-term value creation and competitive advantage.
While facing debt-related challenges and market uncertainties, Star Bulk Carriers can leverage fleet optimization, ESG commitments, and industry trends to drive future success and shareholder value.

Star Bulk Carriers posts solid Q2 earnings amidst sustainability drive

Star Bulk Carriers delivered strong financial results in Q2 2023, supported by robust earnings, shareholder returns, and operational efficiency.
While facing challenges such as upcoming dry dock expenses and cost management, the company remains well-positioned to capitalize on market opportunities.
By focusing on sustainability, innovation, and financial discipline, Star Bulk Carriers aims to navigate industry dynamics and drive long-term value for stakeholders.

Star Bulk Carriers posts solid Q3 results, eyes sustainable growth

Star Bulk Carriers delivered strong financial results in Q3, supported by a robust dividend payout and strategic fleet management decisions.
The company's ESG efforts and market focus on key trades provide a foundation for sustainable growth and operational efficiency.
While facing challenges related to debt levels and market dependencies, Star Bulk Carriers has opportunities to optimize shareholder value and navigate industry trends effectively.

Star Bulk Carriers excels in Q4, eyes sustainable growth

Star Bulk Carriers delivered a robust financial performance in Q4 2023, maintaining a strong cash position and strategic fleet management.
While facing challenges such as managing dry dock expenses and regulatory compliance, the company's proactive approach and environmental focus present growth opportunities.
Overall, Star Bulk's commitment to sustainability, operational efficiency, and market positioning bode well for future success in the dry bulk shipping industry.

Star Bulk Carriers posts solid Q1 earnings amidst ESG focus

Star Bulk Carriers delivered strong financial performance in Q1 2024, supported by robust earnings, liquidity position, and operational efficiency.
While facing challenges related to debt management and market uncertainties, the company's strategic focus on capital allocation, ESG initiatives, and fleet modernization presents growth opportunities.
By maintaining financial discipline, pursuing sustainable practices, and leveraging market trends, Star Bulk is poised to navigate challenges and capitalize on future opportunities in the shipping industry.

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Star Bulk (SBLK) third-quarter 2023 earnings and revenues are likely to have surged year over year.

Star Bulk (SBLK) Gears Up for Q3 Earnings: What's in Store?

The latest trading day saw Star Bulk Carriers (SBLK) settling at $18.93, representing a +0.75% change from its previous close.

Star Bulk Carriers (SBLK) Surpasses Market Returns: Some Facts Worth Knowing

Star Bulk Carriers (SBLK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Star Bulk Carriers (SBLK) Q3 Earnings Expected to Decline

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On October 25 2023 an on-line edition of Fortune Magazine revealed 100 Fastest Growing Public Companies. My Dogcatcher quest to sniff-out dividend-buys found 57 dividend-paying fast-growers using YCharts 11/1/23 data. The companies featured on the fastest-growing companies list, which ranks companies based on growth in revenue, profits, and stock returns, are worth a combined $4 trillion in market capitalization. 57 dividend yielding stocks highlighted those 100 fastest-growers and ranged 0.04% to 15.8% in annual-yield, while the 100 ranged -73.61% to 122.42% in broker-estimated one-year price-target-upsides by YCharts 11/1/23 reckoning.

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ATHENS, Greece, Oct. 30, 2023 (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 it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, L.P., a limited partnership incorporated in the Cayman Islands, Oaktree OBC Container Holdings, LLC, a limited liability company organized in the Marshall Islands, and OCM FIE, LLC, a limited liability company organized in Delaware (collectively the “Sellers”), pursuant to which the Company agreed to purchase of an additional 10 million of its common shares (“Purchased Shares”) from the Sellers at a price per common share of $19.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”). The Share Repurchase was approved unanimously by all the disinterested members of the Company's Board of Directors.

Star Bulk Announces the Repurchase of an Additional 10 Million of its Common Shares From Oaktree

The consensus price target hints at a 30.6% upside potential for Star Bulk Carriers (SBLK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Star Bulk Carriers (SBLK) Could Surge 30.63%: Read This Before Placing a Bet

ATHENS, Greece, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that it will release its results for the third quarter ended September 30, 2023, after the market closes in New York on Monday, November 13, 2023. Star Bulk's management team will host a conference call to discuss the Company's financial results on Tuesday, November 14, 2023 at 11:00 a.m. Eastern Time (ET).

Star Bulk Announces Date for the Release of Third Quarter Ended September 30, 2023 Results, Conference Call and Webcast

ATHENS, Greece, Oct. 09, 2023 (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 the publication of its 2022 Environmental, Social and Governance (ESG) Report (“Report”), developed in accordance with the new Global Reporting Initiative Standards (2021) and the Sustainability Accounting Standards Board (SASB) for Marine Transportation (2018), and in consistency with the United Nations' Sustainable Development Goals (SDGs). Specific GRI disclosures and SASB indicators have received limited level of assurance from Ernst & Young (Hellas) Certified Auditors Accountants S.A. The Report has been published on the Company's website (www.starbulk.com).

Star Bulk Announces Its 2022 Environmental, Social and Governance (ESG) Report

The mean of analysts' price targets for Star Bulk Carriers (SBLK) points to a 35.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Star Bulk Carriers (SBLK) Could Rally 35.41%: Here's is How to Trade

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SBLK and AUB made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 6, 2023.

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SBLK made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 6, 2023.

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Star Bulk Carriers (SBLK) displays its shareholder-friendly approach by announcing new share buyback scheme.

Star Bulk Carriers (SBLK) Announces New Share Repurchase Plan

ATHENS, Greece, Sept. 22, 2023 (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 it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands (the “Seller”), pursuant to which the Company agreed to purchase 10 million of its common shares (“Purchased Shares”) from the Seller at a price per common share of $18.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”). The Share Repurchase was approved unanimously by all the disinterested members of the Company's Board of Directors.

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk Carriers is a Greece-based shipping company that transports bulk commodities such as iron ore, minerals, grains, and fertilizers worldwide. I review the market outlook for dry bulk carriers and also reassess my previous "Buy" rating for SBLK stock. SBLK's balance sheet looks healthy. The cash flow generation is still solid. With strategic refinancings and vessel sales, I believe SBLK is poised for a resilient and promising future.

Star Bulk Carriers Is Still An Attractive High-Yielding Buy

Star Bulk Carriers has recorded another quarter of improved TCE rates compared to most of its dry bulk peers and industry averages, with the preliminary FQ3'23 rates also highly promising. In addition, the company records market-leading daily OPEX per vessel of $4.91K in FQ2'23, naturally triggering its expanded profitability and variable dividend payouts. With SBLK's balance sheet in much better shape post hyper pandemic windfall, we believe investors may still look forward to excellent payouts ahead.

Star Bulk Carriers: Improved Balance Sheets Trigger Handsome Dividends

ATHENS, Greece, Aug. 30, 2023 (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 the appointment of Mr. Ryan Lee to its Board of Directors as Class B Director and to the Nomination and Corporate Governance Committee (“the Committee”). Mr. Lee fills the seat made vacant by the resignation of Mr. Brian Laibow from the Company's Board of Directors who has resigned in order to pursue other opportunities. Mr. Laibow was serving on the Company's Board and was a member of the Committee since January 2020. The Company would like to thank Mr. Laibow for his commitment and invaluable services and wishes him well in his future endeavors. The newly appointed director, Mr. Ryan Lee, is a senior vice president in Oaktree's Global Opportunities group.

Star Bulk Announces Changes to Its Board of Directors

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ATHENS, Greece, Aug. 23, 2023 (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 that the US dividend tax treatment forms for the 4 quarters of 2022 (showing that a portion of dividends received by US taxpayers represent return of capital for US taxpayers) are now available and can be found on the Company's website at http://www.starbulk.com.

Star Bulk Announces Availability of US Dividend Tax Treatment Forms

Marine shipping industry offers high dividend yields due to volatility and fluctuating shipping rates. Star Bulk Carriers Corp. experienced a decrease in earnings due to lower dry bulk rates in Q2 2023. Star Bulk Carriers has low operating expenses and is investing in efficiency upgrades and emissions compliance.

Star Bulk Carriers: 8% Dividend Yield, Lower Debt

Star Bulk Carriers Corporation (NASDAQ:SBLK ) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - Chief Strategy Officer Petros Pappas - Founder, CEO & Director Hamish Norton - President Simos Spyrou - Co-CFO Conference Call Participants Christopher Robertson - Deutsche Bank Omar Nokta - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the Second Quarter 2023 financial results. We have with us Mr.

Star Bulk Carriers Corporation (SBLK) Q2 2023 Earnings Call Transcript

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $2 per share a year ago.

Star Bulk Carriers (SBLK) Q2 Earnings Lag Estimates

Star Bulk Carriers' upcoming Q2 earnings will cap a difficult H1 that was impacted by a sharp drop in dry bulk shipping rates in 2023. SBLK is down more than 30% in the past year in tandem with declining rates but flat YTD, indicating that investors are holding on to hopes of a recovery. Investor optimism is fueled by changing monetary policy, constrained supply of shipping vessels, and China's infrastructure investment plans, all of which point to improved shipping rates.

Star Bulk Carriers: Smooth Sailing Ahead Despite Difficult First Half

High fuel costs and weaker market conditions are likely to dent Star Bulk's (SBLK) second-quarter 2023 results.

Star Bulk (SBLK) Gears Up for Q2 Earnings: What's in Store?

ATHENS, Greece, July 18, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) today announced that it will release its results for the second quarter ended June 30, 2023, after the market closes in New York on Thursday, August 3, 2023. Star Bulk's management team will host a conference call to discuss the Company's financial results on Friday, August 4, 2023 at 11:00 a.m. Eastern Time (ET).

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