)
Visual22 Oct 2025
Epiroc's cash spent on M&A
Star Bulk Carriers (SBLK) investor relations material
Star Bulk Carriers Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary7 Aug, 2025
Executive summary
Q2 2025 net income was $0.04M, adjusted net income $13.2M ($0.11/share), and adjusted EBITDA $69M, reflecting ongoing cost synergies from the Eagle Bulk integration.
Declared a $0.05/share dividend and repurchased 3.3M shares for $54M; sold nine vessels, with $82.1M in proceeds, $50.6M to be received in H2 2025.
Achieved $53M in cumulative cost synergies from the Eagle acquisition since April 2024, with $13M realized in Q2 2025.
Enhanced liquidity to over $520M, supported by new revolving credit facilities totaling $115M.
Continued disposal of older, less efficient vessels to optimize fleet age and efficiency.
Financial highlights
Ended Q2 with $431M in cash, pro forma liquidity exceeds $520M, and total debt at $1.12B; 12 vessels are debt-free, valued at $246M.
Q2 2025 TCE per vessel was $13,624; daily OPEX per vessel $4,928; net cash G&A $1,349.
Net debt reduced by 46% since 2021, now at $865M, with net debt per vessel down 53% to $5.3M.
Net cash provided by operating activities was $54.5M; voyage revenues $247.4M.
Adjusted net income margin and EBITDA margin improved year-over-year.
Outlook and guidance
Q3 2025 fleet coverage is 72% at a TCE of $16,326/day; expect to complete phase-out of third-party crew margins by Q3 2025.
Drydock expenses for the remainder of 2025 estimated at $33M for 30 vessels, with ~1,000 off-hire days.
Five newbuilding vessels scheduled for 2026 delivery, with $130M debt financing secured.
Ongoing investment in energy-saving retrofits, ESD, BWTS, and compliance with IMO carbon regulations.
Management remains optimistic about long-term dry bulk market due to low order book and regulatory tailwinds.
Explain rationale for fleet refinement.
Assess impact of IMO regulatory tailwinds.
How will new facilities improve flexibility?
Eagle synergies: What's the timeline for crew manager phase out?
Fleet efficiency: What new tech is being explored?
Buybacks vs. dividends: What's the capital allocation strategy?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Star Bulk Carriers earnings date
Q3 202518 Nov, 2025
Next Star Bulk Carriers earnings date
Q3 202518 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Star Bulk carriers Corp, together with its subsidiaries, engages in the seaborne transportation of drybulk cargoes through the ownership and operation of dry bulk vessels in worldwide. It transports iron ore, coal, grain, steel products, and other drybulk cargoes. The company charters its vessels to trading houses, producers, and government-owned entities under medium to long-term time charters.
Its subsidiaries include Starbulk Vessels Pool Ltd., Star Bulk Management Ltd., Star Bulk Carriers Corp. S.A., Astro Navigation Co. SA, Hydrostar Navigation Co. SA and Autostar Navigation Inc., among others.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage