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Star Bulk Carriers (SBLK)
NASDAQ:SBLK
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
0.78Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -0.06%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant cost synergies, strategic asset sales, and shareholder returns despite reporting an adjusted net loss and challenges in the dry bulk market. The company is actively managing its fleet and investing in regulatory compliance. However, market conditions remain volatile with a projected decline in key trades and challenges in China. Overall, the sentiment is balanced with notable achievements and challenges.Company Guidance
In the first quarter of 2025, Star Bulk Carriers reported a net income of $0.5 million and an adjusted net loss of $7.8 million, equating to a $0.07 loss per share. The company declared a dividend of $0.05 per share, despite no obligation under the existing dividend formula, due to its strong financial position. The adjusted EBITDA for the quarter stood at $49 million. Star Bulk repurchased 1.3 million shares at a total cost of $19.6 million, reflecting a continued focus on returning value to shareholders. The company maintained a pro forma cash balance of $437 million and a total debt of $1.2 billion, with an additional $50 million available through an undrawn revolver. The fleet's average time charter equivalent rate was $12,439 per day, with combined daily operational and net cash general and administrative expenses amounting to $6,217 per vessel, resulting in a TCE net OpEx less cash G&A of approximately $6,220 per vessel per day. Since the completion of the Ecobank transaction in April 2024, the company achieved synergies amounting to nearly $40 million.Shareholder Returns and Liquidity
The company repurchased 1.3 million shares for $19.6 million and declared a dividend of $0.05 per share despite an adjusted net loss. Pro forma liquidity stands at almost $0.5 billion.
Cost Synergies from Eagle Bulk Integration
The integration of Eagle Bulk resulted in $40 million in cost synergies since April 2024, with $18.4 million achieved in Q1 2025 alone.
Operational Efficiency
Operating expenses and G&A savings for the Eagle fleet were close to $2,140 per vessel per day, with a further $8.6 million saved in dry dock costs for Q1 2025.
Environmental and Regulatory Compliance
Star Bulk is investing in fleet upgrades to meet new IMO regulations, with 42 energy-saving installations completed and 21 more planned for 2025.
Fleet Management and Asset Sales
The company sold several older vessels for $38.6 million, contributing to fleet efficiency improvements.
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SBLK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SBLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $16.41 | $16.80 | +2.38% |
Feb 18, 2025 | $16.29 | $14.87 | -8.72% |
Nov 19, 2024 | $19.20 | $18.19 | -5.26% |
Aug 07, 2024 | $19.50 | $19.47 | -0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Star Bulk Carriers (SBLK) report earnings?
Star Bulk Carriers (SBLK) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Star Bulk Carriers (SBLK) earnings time?
Star Bulk Carriers (SBLK) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBLK EPS forecast?
SBLK EPS forecast for the fiscal quarter 2025 (Q2) is 0.05.
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