Latest news with #SBLK
Yahoo
08-08-2025
- Business
- Yahoo
Star Bulk Carriers Corp (SBLK) Q2 2025 Earnings Call Highlights: Navigating Profitability Amid ...
Net Income: $40,000 with adjusted net income of $13.2 million or $0.11 per share. Adjusted EBITDA: $69 million for the quarter. Share Repurchase: 3.3 million shares repurchased for a total of $54 million. Dividend: $0.05 per share declared for the quarter. Total Cash: $407 million. Total Debt: $1.12 billion. Pro Forma Liquidity: More than $0.5 billion, including $115 million from undrawn revolver facilities. Debt-Free Vessels: 12 vessels with an aggregate market value of $246 million. Time Charter Equivalent Rate: $13,624 per vessel per day. Daily Operating Expenses and Net Cash G&A: $6,277 per vessel per day. Cost Synergies: $13 million achieved during Q2 2025. Operating Expenses: $4,928 per vessel per day for Q2 2025. Net Cash G&A Expenses: $1,349 per vessel per day for Q2 2025. Dry Dock Expense Schedule: Estimated at $33 million for the remaining year for 30 vessels. Fleet Size: 142 vessels with an average age of 11.9 years. Vessel Sales Proceeds: Expected $104 million during Q3 and Q4 2025. Warning! GuruFocus has detected 7 Warning Signs with SBLK. Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Star Bulk Carriers Corp (NASDAQ:SBLK) reported an adjusted net income of $13.2 million for Q2 2025, demonstrating profitability. The company declared a dividend of $0.05 per share, emphasizing its commitment to returning value to shareholders. Star Bulk Carriers Corp (NASDAQ:SBLK) achieved significant cost synergies of $13 million during Q2 2025, enhancing operational efficiency. The company has a strong liquidity position with total cash of $407 million and additional liquidity of $115 million from undrawn revolver facilities. Star Bulk Carriers Corp (NASDAQ:SBLK) continues to invest in fleet upgrades and energy-saving technologies, aligning with IMO carbon reduction regulations. Negative Points Net income for the quarter was only $40,000, indicating potential challenges in maintaining profitability. The company has a substantial total debt of $1.12 billion, which could impact financial flexibility. Star Bulk Carriers Corp (NASDAQ:SBLK) expects approximately 1,000 off-hire days due to dry docking, which could affect revenue generation. The dry bulk trade is projected to contract by 0.9% in 2025, posing challenges for demand growth. Chinese dry bulk imports contracted by 4.2% year-over-year in the first half of 2025, impacting market dynamics. Q & A Highlights Q: Given the recent strengthening in the midsized segment, do you have any expectations around further divestment of older tonnage in smaller segments? A: Simos Spyrou, Co-Chief Financial Officer: We intend to continue disposing of smaller, older, and inefficient vessels. This strategy also serves as a hedge in case the market does not perform as expected. Q: What technology options are you exploring to improve fleet efficiency without investing in alternative fuel technology? A: Nicos Rescos, Chief Operating Officer: We are testing various technologies, including cleaning robots and carbon capture technology. We are also changing propellers on larger ships and using efficiency devices to reduce consumption by about 10%. These investments have a short return on investment horizon and are expected to be the trend for the next five to seven years. Q: Can you provide insights into the recent market resurgence and its implications for seasonality and future outlook? A: Simos Spyrou, Co-Chief Financial Officer: The market improvement is partly due to all-time high June exports and an ocean imbalance with more vessels in the Pacific than the Atlantic. We are optimistic about Q4, expecting more trade in the second half of the year, supported by iron ore shipments, the US soybean season, and better coal performance. However, the impact of tariffs remains uncertain. Q: How do you view the use of stock buybacks versus dividends in the second half of the year? A: Hamish Norton, President: We aim to do what's best for shareholders. If our stock becomes cheaper, we may use cash flow or cash from ship sales for buybacks. If the stock performs well, we'll build a reserve for future opportunities. We plan to maintain dividends at roughly 60% of cash flow. Q: You mentioned June exports hitting a high. Was this specific to a commodity or overall seaborne trade? A: Simos Spyrou, Co-Chief Financial Officer: I was referring to tons traded overall. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-08-2025
- Business
- Yahoo
Why Star Bulk Carriers (SBLK) is Gaining Attention Among Dividend-Paying Shipping Stocks
Star Bulk Carriers Corp. (NASDAQ:SBLK) is included among the 10 Best Shipping Stocks with Dividends. A hugh vessel carrying hundreds of containers passing by a small fishermen boat. Star Bulk Carriers Corp. (NASDAQ:SBLK), a Greece-based shipping company listed in the US, operates a fleet of 148 dry bulk vessels that transport global commodities such as grains, fertilizers, minerals, and steel products. The company runs three categories of ships, with an average fleet age of under 10 years, positioning it among the most cost-efficient dry bulk operators worldwide. Despite facing seasonal market softness in the first quarter of 2025, Star Bulk Carriers Corp. (NASDAQ:SBLK) remained profitable, reporting a net income of $0.5 million, EBITDA of $58.0 million, and a time charter equivalent (TCE) rate of $12,439 per vessel per day. With liquidity exceeding $500 million, net debt below the fleet's scrap value, and 13 vessels unencumbered, the company views itself as well-positioned to take advantage of opportunities within the dry bulk sector. Star Bulk Carriers Corp. (NASDAQ:SBLK) also continues to follow a disciplined capital allocation strategy focused on enhancing shareholder value through a mix of dividends and share repurchases. The Board announced a $0.05 per share dividend, marking the 17th straight quarter of capital returns, which have reached approximately $1.35 billion to date. In addition, the company repurchased around 1.3 million shares using proceeds from vessel sales at net asset value, buying back stock at prices well below NAV to capitalize on market dislocations and further boost shareholder returns. With a dividend yield of 7.85%, as of July 30, SBLK is among the best dividend stocks in the shipping sector. While we acknowledge the potential of SBLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
02-08-2025
- Business
- Yahoo
Why Star Bulk Carriers (SBLK) is Gaining Attention Among Dividend-Paying Shipping Stocks
Star Bulk Carriers Corp. (NASDAQ:SBLK) is included among the 10 Best Shipping Stocks with Dividends. A hugh vessel carrying hundreds of containers passing by a small fishermen boat. Star Bulk Carriers Corp. (NASDAQ:SBLK), a Greece-based shipping company listed in the US, operates a fleet of 148 dry bulk vessels that transport global commodities such as grains, fertilizers, minerals, and steel products. The company runs three categories of ships, with an average fleet age of under 10 years, positioning it among the most cost-efficient dry bulk operators worldwide. Despite facing seasonal market softness in the first quarter of 2025, Star Bulk Carriers Corp. (NASDAQ:SBLK) remained profitable, reporting a net income of $0.5 million, EBITDA of $58.0 million, and a time charter equivalent (TCE) rate of $12,439 per vessel per day. With liquidity exceeding $500 million, net debt below the fleet's scrap value, and 13 vessels unencumbered, the company views itself as well-positioned to take advantage of opportunities within the dry bulk sector. Star Bulk Carriers Corp. (NASDAQ:SBLK) also continues to follow a disciplined capital allocation strategy focused on enhancing shareholder value through a mix of dividends and share repurchases. The Board announced a $0.05 per share dividend, marking the 17th straight quarter of capital returns, which have reached approximately $1.35 billion to date. In addition, the company repurchased around 1.3 million shares using proceeds from vessel sales at net asset value, buying back stock at prices well below NAV to capitalize on market dislocations and further boost shareholder returns. With a dividend yield of 7.85%, as of July 30, SBLK is among the best dividend stocks in the shipping sector. While we acknowledge the potential of SBLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
25-07-2025
- Business
- Yahoo
Star Bulk Carriers (SBLK) Announces the Repurchase of 1,985,169 of its Shares
Star Bulk Carriers Corp. (NASDAQ:SBLK) is one of the best shipping and container stocks to invest in now. On June 16, Star Bulk Carriers Corp. (NASDAQ:SBLK) announced that it had repurchased 1,985,169 of its shares since March 31 for a total of $32.22 million, with an average purchase price per share of $16.21. A hugh vessel carrying hundreds of containers passing by a small fishermen boat. As of the date of the announcement, the total number of issued and outstanding SBLK shares following the cancellation of the repurchased shares is 115,603,652. Star Bulk Carriers Corp. (NASDAQ:SBLK) is a global shipping company that provides seaborne transportation solutions in the dry bulk sector. The company's vessels transport major bulks such as minerals, grain, and iron ore, and minor bulks such as fertilizers, bauxite, and steel products. While we acknowledge the potential of SBLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
Star Bulk Announces Date for the Release of Second Quarter Ended June 30, 2025, Results, Conference Call, and Webcast
ATHENS, Greece, July 08, 2025 (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, 2025, after the market closes in New York on Wednesday, August 6, 2025. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, August 7, 2025, at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: (+1) 416 764 8646 / (+1) 888 396 8049. Please quote 'Star Bulk Carriers' to the operator and/or conference ID 13754842. Slides and audio webcast: There will also be a live, and then archived, webcast of the conference call and accompanying slides, available through the Company's website. To listen to the archived audio file, visit our website and click on Events & Presentations. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Star BulkStar Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Stamford and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol 'SBLK'. As of the date of this release on a fully delivered basis and as adjusted for the delivery of a) the vessels agreed to be sold and b) the five firm Kamsarmax vessels currently under construction, we own a fleet of 146 vessels, with an aggregate capacity of 14.4 million dwt consisting of 17 Newcastlemax, 15 Capesize, 1 Mini Capesize, 7 Post Panamax, 43 Kamsarmax, 1 Panamax, 48 Ultramax and 14 Supramax vessels with carrying capacities between 55,569 dwt and 209,537 dwt. Contacts Company:Simos Spyrou, Christos BeglerisCo ‐ Chief Financial Officers Star Bulk Carriers Corp.c/o Star Bulk Management Inc.40 Ag. Konstantinou 15124Athens, GreeceEmail: info@ Investor Relations / Financial Media:Nicolas BornozisPresidentCapital Link, Inc.230 Park Avenue, Suite 1540New York, NY 10169Tel. (212) 661‐7566E‐mail: starbulk@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
