Star Bulk Carriers Q3 revenue beats estimates

Star Bulk Carriers

18/11/2025 21:15

Overview

Star Bulk Q3 voyage revenue beats analyst expectations, adjusted net income missed estimates

Company acquired three Kamsarmax newbuilding vessels, enhancing fleet efficiency

Company repurchased and retired ~5 mln shares, $91.4 mln outstanding in buyback program

Outlook

Company sees medium-term fundamentals as robust despite geopolitical tensions

Star Bulk plans fleet renewal with new vessel acquisitions by Q3 2026

Company remains committed to returning capital to shareholders

Result Drivers

FLEET SIZE REDUCTION - Decrease in average number of vessels and lower charter rates contributed to reduced voyage and TCE revenues

GEOPOLITICAL IMPACT - Geopolitical tensions and market uncertainties affected the dry bulk market

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Voyage Revenues
Beat
$263.86 mln
$231.97 mln (5 Analysts)
Q3 Adjusted EPS
$0.29
Q3 EPS
$0.16
Q3 Adjusted Net Income
Miss
$32.42 mln
$64.77 mln (4 Analysts)
Q3 Net Income
$18.52 mln
Q3 Adjusted EBITDA
Miss
$86.82 mln
$117.43 mln (4 Analysts)
Q3 EBITDA
$73.58 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 $24.00, about 20.2% above its November 17 closing price of $19.15

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNXbsqVWW

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)