The earnings call highlighted strong financial results and success in integration synergies, share repurchases, and ESG achievements. However, challenges in the market, such as slow growth projections for dry bulk trade and potential trade tensions, present concerns. Despite these challenges, the company's strategic actions and financial performance indicate a cautiously optimistic outlook.

Company Guidance

During the Star Bulk Carriers' Fourth Quarter 2024 Conference Call, key financial metrics were highlighted, including a net income of $42 million and an adjusted EBITDA of $104 million. The company declared an adjusted earnings per share of $0.35 and announced a dividend of $0.09 per share, payable on March 18, 2025. Star Bulk introduced a $100 million share repurchase program and repurchased 500,000 shares for $7.4 million at an average price of $14.83 per share. The company's pro forma cash stood at $452 million, while total debt was $1.3 billion. The time charter equivalent rate was $16,129 per vessel per day, with a combination of daily operating expenses and net cash G&A expenses totaling $6,320 per vessel per day. Synergies from the Eagle Bulk integration resulted in savings of approximately $22 million, achieving a $50 million annualized synergy target nearly 12 months ahead of schedule. The company reported a reduction in average net debt per vessel from $12.9 million to $5.4 million, and the fleet's average age was 11.8 years.

Strong Financial Performance

Net income amounted to $42 million for Q4 2024, with adjusted EBITDA of $104 million and an adjusted net income of $41 million or $0.35 adjusted earnings per share.

Successful Share Repurchase Program

The company repurchased 500,000 shares for $7.4 million at an average price of $14.83. Since December 2024, a total of 893,500 shares were bought back for $13.5 million at an average price of $15.08.

Eagle Bulk Integration Synergies

Achieved $22 million in synergies from the Eagle Bulk integration, with a run rate of $50 million in annualized synergies, 12 months ahead of schedule.

ESG Achievements

Star Bulk sustained a B score in the Carbon Disclosure Project and achieved the Sapphire tier in the Vessel Speed Reduction program, with improved ESG Risk Smart Score to 18.4.

Fleet Management and Expansion

Completed 42 energy saving device installations and sold 13 vessels for $233 million, improving fleet efficiency and reducing average fleet age.

---

Star Bulk Carriers (SBLK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SBLK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 14, 2025	2025 (Q1)	-0.26 / -	0.87	―	―	―
Feb 18, 2025	2024 (Q4)	0.35 / 0.34	0.73	-53.42% (-0.39)
Nov 19, 2024	2024 (Q3)	0.70 / 0.71	0.34	108.82% (+0.37)
Aug 07, 2024	2024 (Q2)	0.78 / 0.78	0.47	65.96% (+0.31)
May 22, 2024	2024 (Q1)	0.79 / 0.87	0.36	141.67% (+0.51)
Feb 12, 2024	2023 (Q4)	0.73 / 0.73	0.9	-18.89% (-0.17)
Nov 13, 2023	2023 (Q3)	0.29 / 0.34	1.34	-74.63% (-1.00)
Aug 03, 2023	2023 (Q2)	0.48 / 0.47	2	-76.50% (-1.53)
May 16, 2023	2023 (Q1)	0.29 / 0.36	1.72	-79.07% (-1.36)
Feb 16, 2023	2022 (Q4)	0.87 / 0.90	2.96	-69.59% (-2.06)

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

---

SBLK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2025	$16.39	$14.96	-8.72%
Nov 19, 2024	$19.32	$18.29	-5.33%
Aug 07, 2024	$19.61	$19.59	-0.10%
May 22, 2024	$23.19	$23.66	+2.03%

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.

---