Brief: Star Bulk Q2 Revenues USD 247.408 Million Vs. IBES Estimate USD 189.5 Million

Star Bulk Carriers

06/08/2025 21:05

Overview

Star Bulk Q2 voyage revenue beats analyst expectations, per LSEG data

Adjusted net income and EBITDA miss analyst estimates, per LSEG data

Co repurchased 3.3 mln shares, funded by vessel sales

Outlook

Company remains optimistic about long-term dry bulk market due to low order book

Company expects to deliver eight vessels by end of 2025

Company to make $18.9 mln debt prepayments in Q3 2025

Result Drivers

LOWER CHARTER RATES - Decline in TCE rate to $13,624 from $19,268 driven by weaker market conditions

FLEET REDUCTION - Decrease in average number of vessels to 147.6 from 155.0 impacted revenues

COST MANAGEMENT - Successful reduction in daily operating expenses per vessel to $4,928 from $5,319

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenues
Beat
$247.41 mln
$189.50 mln (5 Analysts)
Q2 Adjusted Net Income
Miss
$13.18 mln
$21.80 mln (3 Analysts)
Q2 Net Income
$39,000
Q2 Adjusted EBITDA
Miss
$68.95 mln
$71.10 mln (4 Analysts)
Q2 EBITDA
$55.86 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Star Bulk Carriers Corp is $20.00, about 3.5% above its August 5 closing price of $19.31

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nGNX4tGtS5

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)