Star Bulk Carriers ( (SBLK) ) has released its Q2 earnings. Here is a breakdown of the information Star Bulk Carriers presented to its investors.
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Star Bulk Carriers Corp., a global shipping company specializing in the transportation of dry bulk cargoes, has released its financial results for the second quarter of 2025, highlighting its continued focus on shareholder value and strategic fleet management.
In the second quarter of 2025, Star Bulk Carriers reported a net income of $0.04 million and an EBITDA of $55.9 million, marking its 20th consecutive profitable quarter. The company declared a quarterly dividend of $0.05 per share, continuing its tradition of capital returns, and executed a share repurchase program, acquiring 3.3 million shares.
Key financial metrics for the quarter included voyage revenues of $247.4 million, a decrease from the previous year, and a Time Charter Equivalent (TCE) rate of $13,624 per day, reflecting weaker market conditions. The company also enhanced its liquidity to over $520 million through new revolving credit facilities and continued to optimize its fleet by selling non-core vessels.
Looking ahead, Star Bulk Carriers remains optimistic about the long-term prospects of the dry bulk market, despite current geopolitical challenges. The company is well-positioned with a strong balance sheet and a versatile fleet to capitalize on future market opportunities.