Star Bulk Carriers reports Q2 adjusted EPS 11c, consensus 5c

Reports Q2 revenue $247.41M, consensus $189.33M. The company said, “Star Bulk reported our 20th consecutive profitable quarter with net income of $0.04 million, EBITDA of $55.9 million, and TCE per vessel per day of $13,624 in Q2 2025. Following our stated capital allocation strategy, we declared a $0.05 per share dividend, marking our 18th consecutive quarter of capital returns, totaling approximately $1.36 billion to date. Beyond dividends, we continued to execute under our share repurchase program, acquiring 3.3 million shares at prices significantly below net asset value, reflecting our confidence in the intrinsic value of Star Bulk and reinforcing our commitment to shareholder value. The share repurchases were funded with proceeds from vessel sales. We continue to refine our fleet by selling during Q2 2025 nine vessels that no longer fit with our commercial profile, thereby bolstering our cash reserves. Financially, we have continued to enhance our liquidity to over $520.0 million by signing two new revolving facilities totaling $115.0 million, improving our strategic flexibility for future opportunities. Despite near-term challenges due to geopolitical tensions, we remain optimistic about the dry bulk market longer-term, driven by the low order book and IMO regulatory tailwinds. We believe Star Bulk is well prepared, with a versatile fleet, strong balance sheet and proactive approach to take advantage of market opportunities.”