SBLK News & Events

The fever of the bond market yield shock has worn off after three pressure-packed days on Wednesday, sending equity markets broadly higher across the board.  Investors were enthused by President Trump's comments to the media indicating that U.S. negotiations with Iran are in their "final stages".  Later in the day, the release of FOMC meeting minutes from the Fed's final meeting heralded by Chairman Powell also had something for everyone - the minutes showed that while the majority of the Federal Reserve Committee saw a more extended path to inflation retreat toward the 2% target, some Fed members also noted that 2026 rate cuts are still possible if the U.S.-Iran war ends soon.  Yields on the 10-year Treasury note fell about 10 basis points below 4.60% while that of the 30-year retreated 7 basis points.   Consumer cyclicals, Tech, and Basic Materials sectors - the laggards overnight - outperformed, while Energy and Consumer Staples sectors were the worst-performing areas on the S&P 500.In the opening hour of the evening session, the S&P e-mini is down 0.4% while the Nasdaq 100 contract is down 0.7%.  Results out of Nvidia- the final Mag-7 name to report Q1 earnings - exceeded estimates for the quarter and also offered better-than-expected guidance, though the stock was moving lower by about 1% after-hours.  Earnings call commentary struck a mixed tone, with the company stating that while data center revenue was driven by sustained strength in Blackwell architecture and demand was strong, Nvidia was also uncertain whether any of its imports will ultimately be allowed into China.    The countdown to the high-profile SpaceX IPO next month also kicked off, with the company filing its S-1 disclosure with the Nasdaq.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -AEVEX Corp.up 5.4%Elf Beautyup 4.9%Star Bulk Carriers Corp.up 3.1%Urban Outfittersup 1.0%ALSO HIGHER -Applied Digitalup 7.2% after disclosing pact with hyperscaler for fourth AI Factory campusDOWN AFTER EARNINGS -Intuitdown 13.3%Nordsondown 1.4%Nvidiadown 0.9%ALSO LOWER -Rocket Labdown 4.6% after equity offering

Reports Q1 revenue $281.15M, consensus $223.55M. Petros Pappas, CEO of Star Bulk, commented: "The dry bulk market opened 2026 with counterseasonal strength across all vessel segments, and Star Bulk was well positioned to capture it. We generated Net Income of $58.5 million, EBITDA of $109.7 million, and TCE of $18,493 per vessel per day-a result that reflects both the quality of the market and the operating platform we have built. Our investment proposition to shareholders is straightforward: we believe Star Bulk converts dry bulk freight rates into cash returns more efficiently than any listed peer. Under the full payout dividend policy we adopted last quarter, the Board has approved a dividend of $0.50 per share, distributing our entire operating cash flow after capex and debt service. Combined with one of the lowest cost structures in the sector - daily OPEX of $5,071 and net cash G&A of $1,375 per vessel in Q1 - we aim for every dollar of rate improvement to flow through to shareholders. Since 2021, we will have returned over $2.05 billion through dividends and buybacks. This quarter also marks the beginning of our newbuilding delivery cycle, with our latest generation high specification Kamsarmax vessels joining the fleet. These arrivals, alongside our continued disposal of older tonnage, are steadily reshaping the fleet towards greater efficiency and lower emissions, reinforcing our competitive edge for the years ahead. Looking ahead, the supply-demand fundamentals that supported Q1 remain firmly in place, and we are optimistic about the remainder of the year. Under the current FFA curve, we are targeting to return more than $3 per share to our shareholders this year. With significant operating leverage across a diverse fleet of 141 vessels on a fully delivered basis, a full payout capital allocation policy, and one of the strongest balance sheets in the industry, we believe that Star Bulk is the most direct way for investors to access the dry bulk market. We remain committed to being the go-to dry bulk investment vehicle and to continue creating value for our shareholders."