Star Bulk Carriers Corp

SBLK

Equity

ISIN MHY8162K2046 / Valor 32973051

NASDAQ (2025-11-17)

USD 19.15+1.22%

Star Bulk Carriers Corp
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About company

Star Bulk Carriers Corp is a prominent global shipping company specializing in the dry bulk sector, offering seaborne transportation solutions for a wide range of commodities worldwide. The company operates a fleet of approximately 150 owned vessels with a total deadweight tonnage of around 15 million DWT, encompassing various vessel types such as Newcastlemax, Capesize, Panamax, Kamsarmax, Ultramax, and Supramax. This diverse fleet enables Star Bulk to transport major bulk commodities like iron ore, minerals, and grain, as well as minor bulk items including bauxite, fertilizers, and steel products. By maintaining a versatile and sizable fleet, Star Bulk effectively addresses the logistical requirements of the global dry bulk market, ensuring reliable and efficient delivery of goods across international waters.

Summarized from source with an LLMView SourceSector: Consumer Services

Financial Performance

In Q2 2025, Star Bulk reported a net income of $0.04 million, a significant decline from $106.1 million in Q2 2024. Adjusted EBITDA was $55.9 million, and the company maintained strong liquidity with net cash provided by operating activities of $54.5 million.

Dividend Declaration

The company declared a quarterly dividend of $0.05 per share, continuing its 18th consecutive quarter of capital returns to shareholders, totaling approximately $1.36 billion to date.

Share Repurchase Program

Star Bulk repurchased and canceled 3.3 million shares during Q2 2025 under its share repurchase program, spending $54.0 million. A new share repurchase program of up to $100.0 million was authorized, reinforcing the company’s commitment to shareholder value.

Fleet and Financial Strategy

The company refined its fleet by selling nine vessels in Q2 2025, enhancing cash reserves and liquidity, which now exceed $520.0 million. Star Bulk also secured two new revolving facilities totaling $115.0 million, positioning the company for future market opportunities despite current geopolitical challenges.

Summarized from source with an LLMView Source

Key figures

-5.62%1Y

-3.77%3Y

178%5Y

Performance

36.2%1Y

35.5%3Y

49.4%5Y

Volatility