This study is focused on evaluation of current satellite and reanalysis estimates of surface radiative fluxes in a climatically important region. It uses unique observations from the STRATUS Ocean Reference Station buoy in a region of persistent marine stratus clouds 1,500 km off northern Chile during 2000–2012. The study shows that current satellite estimates are in better agreement with buoy observations than model outputs at a daily time scale and that satellite data depict well the observed annual cycle in both shortwave and longwave surface radiative fluxes. Also, buoy and satellite estimates do not show any significant trend over the period of overlap or any interannual variability. This verifies the stability and reliability of the satellite data and should make them useful to examine El Niño–Southern Oscillation variability influences on surface radiative fluxes at the STRATUS site for longer periods for which satellite record is available.