Star Bulk Earnings Reports

Star Bulk maintained profitability with a $0.5M net income despite a significant decline in revenue and charter rates due to seasonal and market headwinds. The company upheld capital returns through dividends and share buybacks while continuing to deleverage and optimize its fleet.

Star Bulk Carriers Corp. announced its unaudited financial and operating results for the fourth quarter and full year ended December 31, 2024. The company reported a net income of $42.4 million for Q4 2024, an increase from $39.7 million in Q4 2023. TCE revenues also increased to $216.8 million from $191.9 million in the prior year, primarily due to an increase in the average number of vessels in the fleet.