Star Bulk Carriers (SBLK) Misses Q4 EPS by 1c

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Go back to Star Bulk Carriers (SBLK) Misses Q4 EPS by 1c

Star Bulk Carriers Corp. Reports Results for the Fourth Quarter and Year Ended December 31, 2014 and Provides Update on Financing and Sale of Vessels

March 19, 2015 7:05 PM EDT

ATHENS, GREECE -- (Marketwired) -- 03/19/15 -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter and the year ended December 31, 2014.

Financial Highlights

(Expressed in thousands Three months Three months Twelve Twelve of U.S. dollars, except ended ended months ended months ended for daily rates and per December 31, December 31, December 31, December 31, share data) 2014 2013 2014 2013 ---------------------------------------------------------------------------- Total Revenues $65,650 $16,349 $147,387 $69,894 ---------------------------------------------------------------------------- EBITDA (1) $15,611 $6,974 $41,138 $30,847 ---------------------------------------------------------------------------- Adjusted EBITDA (1) $16,564 $7,387 $43,565 $32,331 ---------------------------------------------------------------------------- Net income / (loss) ($8,074) $54 ($11,723) $1,850 ---------------------------------------------------------------------------- Adjusted Net income / (loss) ($5,539) $2,068 ($3,183)... More