Star Bulk Carriers Corp. (NASDAQ:SBLK) Q2 2019 Earnings Conference Call August 8, 2019 11:00 AM ET
Company Participants
Christos Begleris - Co-CFO
Petros Pappas - CEO
Hamish Norton - President
Conference Call Participants
Chris Snyder - Deutsche Bank
Randy Gibbons - Jeffries
Erik Hovi - Clarksons
J. Mintzmyer - Value Investor's Edge
Operator
Good afternoon, thank you for standing by ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the Second Quarter 2019 Financial Results. We have with us Mr. Petros Pappas, Chief Executive Officer; Mr. Hamish Norton, President; Mr. Simos Spyrou and Mr. Christos Begleris, Co-Chief Financial Officers of the company.
At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] I must advise the conference is being recorded today.
And we now pass the floor to one of your speakers, Mr. Begleris. Please go ahead, sir.
Christos Begleris
Thank you, operator. I am Christos Begleris, Co-Chief Financial Officer of Star Bulk Carriers, and I would like to welcome you to the Star Bulk Carriers' conference call regarding our financial results for the second quarter of 2019. Before we begin, I kindly ask you to take a moment to read the Safe Harbor statement on slide number two of our presentation.
Let us now turn to slide number three of the presentations for a summary of our second quarter 2019 financial highlights. In the three months ending June 30, 2019, TCE revenues amounted to $92.7 million, 1.2% higher than the $91.5 million for the same period in 2019, mostly because of the high number of vessels that we currently own.
Adjusted EBITDA for the second quarter second quarter of 2019 was at $31.2 million versus $52 million in the second quarter of 2018. Adjusted net loss
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