What is the revenue and EPS growth rate for Star Bulk Carriers year over year?

What is Star Bulk Carriers's gross profit margin?

What were the key takeaways from Star Bulk Carriers's earnings call?

What factors drove the changes in Star Bulk Carriers's revenue and profit?

What guidance did Star Bulk Carriers's management provide for the next earnings period?

Did Star Bulk Carriers beat or miss consensus estimates last quarter?

What is Star Bulk Carriers's latest dividend and current dividend yield?

What were the key takeaways from Star Bulk Carriers’s earnings call?

- **Record Capital Returns**: $100M buyback program + 100% free cash flow dividend policy. 2021-2025: $13.49/share returned via dividends.
- **Operational Excellence**: Lowest peer-group costs ($5,045/day) with $12.6M EBITDA. 55 energy-saving devices installed across fleet.
- **Growth Drivers**: Grain trade +7.8% in 2026; West Africa congestion boosting ton-mile growth. IMO delay supports slow steaming.
- **ESG Leadership**: C rating in GHG index; 100% IMO compliance via CO2 pooling. AI tools optimize vessel performance.

**【CFO Financial Highlights】**
- Q4 2025 net income: $65.2 million; adjusted net income: $74.5 million ($0.16 EPS). Adjusted EBITDA: $126.4 million.
- Share buybacks: 1.2M shares ($22.7M) in Q4; YTD 2026: 1.9M shares ($37.9M). New $100M buyback program authorized.
- Dividend policy: 100% free cash flow distribution (min $0.05/Q share). Q4 dividend: $0.37/share.
- Balance sheet: $459M cash, $1B debt, $110M undrawn revolver. 27 debt-free vessels ($630M market value).

**【CEO Capital Allocation】**
- 2021-2025: $3B returned to shareholders via dividends ($13.49/share) and buybacks. Debt reduced 47%.
- Fleet expansion: 8 Kamsarmax newbuilds ($206.6M CapEx remaining). 55/80 energy-saving devices (ESPs) installed; 121/126 vessels with telemetry.
- Vessel sales: 5 older vessels sold in Q4; 2 more committed in Q1 2026.

**【COO Operational Efficiency】**
- Q4 daily operating expenses: $5,045/vessel (lowest in peer group). Time charter equivalent (TCE): $19,012/day. Cash margin: $12,570/day/vessel.
- Fleet efficiency: 55 ESPs installed; 14 planned for 2026. 121 vessels with digital monitoring.

**【Market Outlook】**
- Supply: 3% YoY growth (31M DWT net). IMO framework delay extends shipyard uncertainty. 50% fleet >15 years by 2027.
- Demand: 0.6% volume growth (1.9% ton-mile) in 2026. Iron ore: flat imports; coal: -2.5% trade. Grain: +7.8% (Brazil, U.S. soy exports).
- West Africa: 30% increase in Supramax/Ultramax calls; infrastructure upgrades expected to reduce congestion over 5+ years.

**【ESG Initiatives】**
- Fleet C rating in RightShip GHG index. IMO compliance via external CO2 pooling. AI tools deployed for vessel performance optimization.
- Cybersecurity: Starlink firewalls installed across fleet. Employee engagement survey conducted Q4 2025.

Star Bulk Carriers Corp. (SBLK) Q4 2025 Earnings Call Transcript

- **Financial Strength**: Q3 net income $18.5M, EBITDA $87M. $4.4M in buybacks; dividend $0.11/share. Cash: $454M; debt: $1.028B.
- **Operational Efficiency**: TCE $16,634/day; net margin $10,213/day. 51 EST installations completed.
- **Strategic Fleet Growth**: 8 new Kamsarmax vessels on order; 2026 dry dock $47M. Sub-Cape focus due to Cape unavailability.
- **Market Outlook**: 2026 demand +2.1%, supply +2.9%. Sub-Cape rates supported by grain, coal, minor bulk recovery.
- **ESG Leadership**: 7th ESG report published; IMO Net-Zero delay. AI pilots, Starlink upgrades.

**【CFO Financial Commentary】**
- Q3 2025 net income: $18.5 million; adjusted net income: $32.4 million ($0.16 per share). Adjusted EBITDA: $87 million.
- Share buybacks: 250,000 shares ($4.4M) in Q3; 360,000 shares ($6.7M) in early Q4. Remaining buyback program: $91 million.
- Dividend: $0.11 per share, payable December 18. Total cash: $454 million; debt: $1.028 billion. Pro forma liquidity: $570 million.
- Vessel performance: TCE rate $16,634/day; OpEx + G&A: $6,421/day. Net margin: $10,213/day.

**【COO Operational Update】**
- Operating expenses: $5,096/day. Fleet: 145 vessels (average age 11.9 years). 51 EST installations completed; 9 remaining.
- Newbuildings: 5 Kamsarmax at Qingdao ($130M financed); 3 Kamsarmax at Hengli ($74M expected). 2025 dry dock: $20M; 2026: $47M. Off-hire days: 580 (2025) / 1,140 (2026).
- Vessel sales: $75.5M in Q3; $25M in October. 8 long-term charters.

**【CSO ESG & Strategy】**
- 7th annual ESG report published, aligned with GRI, SASB, and UN SDGs. IMO delays Net-Zero framework by 1 year. AI pilot projects underway. Starlink vessel upgrades.
- Decarbonization: fleet renewal, energy efficiency, R&D. CDP Climate & Water Security engagement.

**【Market Analysis】**
- Supply: 31.2M DWT delivered YTD; 3.9M DWT demolished. Order book: 10.9% of fleet. 2026-27 shipyard capacity constrained.
- Demand: 2025 dry bulk trade +1.4% (Q3 +5.1% YoY). Iron ore (+0.8%), coal (-6.2%), grain (+2%), minor bulk (+5%). 2026 outlook: +2.1% ton miles.
- Rate drivers: grain recovery, coal rebound, Red Sea normalization, Chinese steel exports.

**【Q&A Highlights】**
- **Debt & Dividends**: 2026 amortization ~$50M/quarter. Dividend policy: $2.1M/cash per vessel; current cash > threshold. Newbuildings financed via past sales proceeds.
- **Fleet Strategy**: Kamsarmax acquisition rationale: lower cost, early delivery, eco-compliance. 2 Kamsarmax = 1 Cape in EBITDA terms. Cape expansion constrained by high prices, limited availability.
- **Market Outlook**: 2026 supply growth 2.9%, demand +2.1%. Environmental regs, aging fleet, slow steaming to limit supply. Sub-Cape rates driven by grain, coal, minor bulk strength.

Star Bulk Carriers Corp. (SBLK) Q3 2025 Earnings Call Transcript

- **Financial Strength**: $69M EBITDA, $54M share buybacks, $0.05 dividend
- **Cost Efficiency**: $53M merger synergies, 10% fuel savings via ESPs
- **Fleet Modernization**: 5 new Kamsarmax vessels, 60%+ debt reduction per vessel
- **Market Momentum**: Q4 2025 upswing driven by grain, iron ore; 2026 cautious optimism
- **Capital Allocation**: 60%+ cash flow to dividend, $100M buyback authorization

**【CFO Financial Overview】**
- Q2 2025 net income: $40 million (adjusted net income: $13.2 million or $0.11/share)
- Adjusted EBITDA: $69 million
- Share buybacks: 3.3 million shares ($54 million)
- Dividend declared: $0.05/share
- Cash balance: $407 million; Debt: $1.12 billion
- 12 debt-free vessels valued at $246 million

**【Operational Performance】**
- Cost synergies post-Agle merger: $53 million cumulative ($13 million Q2)
- Operating expenses: $4,928/vessel/day; G&A: $1,349/vessel/day
- Fleet size: 142 vessels (average age 11.9 years)
- 2026 newbuilds: 5 Kamsarmax vessels ($130M debt secured)
- Energy efficiency upgrades: 47 installations completed, 13 planned

**【ESG & Regulatory Update】**
- IMO net zero framework compliance strategy
- Fuel efficiency technologies (e.g., ESPs reducing consumption by 10%)
- Social responsibility initiatives (scholarships, sponsorships)
- Preparing 2025 ESG report per GRI standards

**【Market Outlook】**
- Supply: 15.9M DWT net growth (1.5% YTD), 10.8% newbuilding order book
- Demand: 2025 trade contraction (-0.9%), 2026 growth (+0.3%)
- Key drivers: China stimulus, US-China trade normalization, minor bulk growth
- Q4 2025 outlook: Stronger grain, iron ore exports; 2026 cautious optimism

**【Q&A Highlights】**
- Divestment strategy: Focus on smaller, older vessels
- Fleet tech investments: ESPs, propeller upgrades, carbon capture testing
- Capital allocation: Buybacks ($100M reauthorized) vs. dividend (60%+ of cash flow)
- Market resurgence: Ocean imbalance, June export highs, Brazil grain exports

Star Bulk Carriers Corp. (SBLK) Q2 2025 Earnings Call Transcript

- **Financial Resilience**: Q1 2025 adjusted EBITDA of $49M, $19.6M in buybacks, and $500M liquidity highlight strong cash management.
- **Operational Efficiency**: $40M Eagle Bulk synergies achieved; 5,000+ in-house crew to reduce costs further.
- **Market Dynamics**: 2.9% fleet growth vs. 1.2% demand contraction; IMO regs driving slow steaming and ton-mile expansion.
- **Strategic Focus**: Share buybacks at NAV discount, newbuild deliveries in 2026, and IMO compliance investments.

**【CFO Financial Highlights】**
- Q1 2025 net income: $0.5 million (adjusted net loss: $7.8 million or $0.07 per share). Adjusted EBITDA: $49 million.
- Share buybacks: 1.3 million shares ($19.6 million) and dividend of $0.05 per share declared.
- Pro forma cash: $437 million; total debt: $1.2 billion. Liquidity: $500 million (including $50 million undrawn revolver).
- 13 debt-free vessels valued at $270 million. TCE rate: $12,439/day. Net OpEx: $6,217/day.

**【COO Operational Update】**
- Eagle Bulk integration: $40 million cumulative synergies (Q1 savings: $18.4 million). Crew management in-house by Q3 2025 (5,000+ seafarers).
- Dry dock costs reduced by $8.6 million for former Eagle fleet. 2025 dry dock schedule: $47 million for 38 vessels (1,210 high days).
- Fleet upgrades: 42 energy-saving retrofits completed; 21 planned for 2025. 5 Kamsarmax newbuilds expected in H1 2026.

**【CEO Market Outlook】**
- Supply: 11.1 million DWT net growth (2.9% YoY). Order book: 10.3% of fleet. Scrapping: 1.1 million DWT (0.5% YoY). Average speed: 10.8 knots (record low).
- Demand: 2025 dry bulk trade contraction (-1.2% tons, -0.4% ton-miles). China imports down 8.3% YoY; rest of world up 4.5%.
- Key drivers: West African bauxite (+31% Q1), IMO regulations, and U.S.-China trade dynamics.
- 2025 outlook: Volatile but cautiously optimistic with IMO compliance and Chinese stimulus support.

**【Q&A Key Takeaways】**
- Asset sales: $38.6 million proceeds expected Q2-Q3 2025. Repurposed for share buybacks (shares trade at NAV discount).
- Demolition trends: Low scrap rates due to vessel profitability and uncertain future fuels. IMO regs may incentivize slower steaming over scrapping.
- Market risks: China coal import decline, Red Sea Canal impact, and geopolitical uncertainty.
- Opportunities: IMO compliance arbitrage, West African exports, and reconstruction trade (Ukraine, Iran).

Star Bulk Carriers Corp. (SBLK) Q1 2025 Earnings Call Transcript

- **Q4 Financial Strength**: $0.35 EPS, $104M EBITDA, and $452M cash position support dividend ($0.09) and buyback ($7.4M Q4).
- **Eagle Synergies Ahead of Schedule**: $22M savings vs. $50M annual target, with $4.6M Q4 contribution.
- **ESG Leadership**: C+ GHG rating, B CDP scores, and top ESG Risk Score among peers.
- **2025 Market Outlook**: 0.9% ton-mile growth vs. 5% in 2024, with Brazil soybeans offering +10-15% ton-mile advantage over US.

**【CFO Financial Highlights】**
- Q4 2024 net income: $42 million; adjusted EPS: $0.35 (up 12% YoY). Adjusted EBITDA: $104 million.
- Dividend policy: 60% of excess cash ($17.6M Q4) for dividends ($0.09/share), remainder for buybacks ($7.4M in Q4). Total shares repurchased since Dec 2024: 893,500 ($13.5M).
- Pro forma cash: $452M; debt: $1.3B. 13 debt-free vessels valued at $250M.
- TCE per vessel/day: $16,129; OpEx + G&A: $6,320/day → net margin: $9,809/day.

**【COO Operational Update】**
- Eagle Bulk integration: $22M cumulative synergies (vs. $50M annualized target). Q4 savings: $4.6M → run rate of $50M/year.
- OpEx per vessel/day: $5,056 (Q4) / $5,123 (2024). G&A: $1,264/day (Q4) / $1,284/year.
- 42 energy-saving device (ESD) retrofits completed; 23 more planned for 2025.

**【CSO ESG Progress】**
- CDP B score for carbon and water management. RightShip GHG rating: C+.
- Sapphire tier in Blue Whale Protection Program (85%+ slow steaming compliance).
- Sustainalytics ESG Risk Score: 18.4 (low risk, top among peers).

**【CEO Market Outlook】**
- Supply: 3% YoY growth (30M DWT net). Newbuild order book: 10.5% of fleet. 0.5% annual capacity reduction from special surveys.
- Demand: 0.4% ton growth (3.3% in 2024). China imports +19.5% over 2 years. 2025 coal trade: -2.7%; grains: +2.2%; minor bulks: +2%.
- 2025 ton-mile growth: 0.9% (vs. 5% in 2024). US-China trade tensions could impact grain trade, but Brazil soybeans offer alternative route (+10-15% ton miles vs. US).

Actual											-0.23	-0.19	0.28	0.3	0.36	1.26	2.19	2.96	1.72	2	1.34	0.9	0.36	0.47	0.34	0.73	0.87	0.78	0.71	0.34	-0.07	0.11	0.28	0.65
Forecast											-0.0343	-0.2686	0.3007	0.2652	0.4571	1.3249	2.1299	2.5565	1.4653	1.8805	1.4082	0.8679	0.2896	0.4848	0.2909	0.7347	0.7927	0.7785	0.6996	0.3519	-0.2653	0.0473	0.3305	0.6368
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-570.55%	+29.26%	-6.88%	+13.12%	-21.24%	-4.90%	+2.82%	+15.78%	+17.38%	+6.35%	-4.84%	+3.70%	+24.31%	-3.05%	+16.88%	-0.64%	+9.75%	+0.19%	+1.49%	-3.38%	+73.61%	+132.56%	-15.28%	+2.07%

Actual	--	--	--	--	--	--	--	--	--	--	100.32M	97.14M	137.81M	140.72M	156.39M	254.93M	349.29M	428.00M	304.90M	417.33M	266.72M	216.43M	156.10M	238.69M	162.50M	191.93M	195.66M	262.16M	256.94M	216.75M	159.28M	176.09M	202.32M	230.79M
Forecast	--	--	--	--	--	--	--	--	--	--	125.24M	101.70M	142.81M	148.44M	171.55M	268.88M	348.95M	399.88M	288.49M	333.81M	286.14M	234.18M	168.90M	188.45M	163.14M	202.99M	204.31M	268.22M	284.75M	237.38M	173.26M	196.82M	230.32M	260.85M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-19.90%	-4.48%	-3.50%	-5.20%	-8.83%	-5.19%	+0.10%	+7.03%	+5.69%	+25.02%	-6.79%	-7.58%	-7.58%	+26.66%	-0.39%	-5.45%	-4.23%	-2.26%	-9.76%	-8.69%	-8.07%	-10.53%	-12.16%	-11.53%

SBLK

SBLK fundamentals

SBLK Q4 2025 Earnings

Earnings Call

You can ask Aime

SBLK

SBLK fundamentals

SBLK Q4 2025 Earnings

Earnings Call

SBLK Earnings Call Summary for Q4/202511:00 AM on Feb 26, 2026

SBLK Earnings Call Summary for Q3/202511:00 AM on Nov 19, 2025

SBLK Earnings Call Summary for Q2/202511:00 AM on Aug 7, 2025

SBLK Earnings Call Summary for Q1/202511:00 AM on May 15, 2025

SBLK Earnings Call Summary for Q4/202411:00 AM on Feb 19, 2025

You can ask Aime