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/Mis Actual Consensu

s s

Estimate

Q3 Beat $263.86 $231.97

Voyage mln mln (5

Revenues Analysts

)

Q3 $0.29

Adjusted

EPS

Q3 EPS $0.16

Q3 Miss $32.42 $64.77

Adjusted mln mln (4

Net Analysts

Income )

Q3 Net $18.52

Income mln

Q3 Miss $86.82 $117.43

Adjusted mln mln (4

EBITDA Analysts

)

Q3 $73.58

EBITDA 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 ( SBLK ) 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:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)