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Basis of Presentation and General Information (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and General Information - Results of operation of Star Bulk and Eagle (Table)

Basis of Presentation and General Information -  Results of operation of Star Bulk and Eagle (Table)

		Star Bulk			Eagle
Voyage revenues	$	522,610		$	89,655
Operating income	$	203,142		$	18,689
Net income	$	169,405		$	11,531

Basis of Presentation and General Information - Proforma (Table)

Basis of Presentation and General Information - Proforma (Table)

		Six month periods ended
		June 30, 2023		June 30, 2024
Pro forma voyage revenues	$	669,325	$	715,663
Pro forma operating income		137,065		208,089
Pro forma net income		99,474		164,118
Pro forma income per share, basic		0.89		1.47
Pro forma income per share, diluted	$	0.89	$	1.44

Basis of Presentation and General Information - Accounting for the Eagle Merger (Table)

 Basis of Presentation and General Information - Accounting for the Eagle Merger (Table)

(Dollars in thousands, except per share and share data)		Amounts
Eagle common stock		10,476,091	(a)
Equity awards of Eagle employees and not vested to be replaced		237,853	(b)
Eagle shares exchanged with Star Bulk shares	​	10,713,944
Fixed exchange ratio	​	2.6211	(c)
Total Star Bulk common stock issued to Eagle shareholders		28,082,319
Star Bulk closing price per share	$	23.70	(d)
Consideration transferred related to value of net assets acquired	$​	665,551

Basis of Presentation and General Information - Fair Value Tangible Assets Acquired and Liabilities Assumed (Table)

 Basis of Presentation and General Information - Fair Value Tangible Assets Acquired and Liabilities Assumed (Table)

(Dollars in thousands)		Fair Value
Vessels and vessel improvements	$	1,157,000
Advances for BWTS and other assets		1,252
Vessels held for sale		29,254
Inventories		25,783
Cash		104,325
Derivative assets		289
Operating lease right-of use assets		3,454
Other current assets (Accounts receivable, Prepaid expenses, Other current assets)		56,130
Long term debt		(375,500)
Convertible Notes		(138,680)
Operating lease liabilities		(3,454)
Derivative liabilities		(48)
Accounts payable, Accrued liabilities, Unearned charter hire revenue and Other non-current liabilities		(54,041)
Net asset value acquired	$	805,764
Consideration transferred	$	665,551
Excess of net asset value acquired over consideration transferred	$	140,213

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