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PXS

Pyxis TankersC
Nasdaq / Transportation
Last Price
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2026-06-02
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2026-05-18
Investor release

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Earnings documents stored for PXS.

12 shown
Investor releaseQuarter not tagged2026-05-18

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2026

GlobeNewswire

Maroussi, Greece, May 18, 2026 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international diversified shipping company, today announced unaudited results for the three months ended March 31, 2026. For the three months ended March 31, 2026, our revenues, net, were $10.0 million, compared to $9.6 million for the same period in 2025. During the first quarter of 2026, our time charter equivalent (“TCE”) revenues were $9.9 million, an increase of $1.5 million, or 18.2%, over the comparable period in 2025. Our net income attributable to common shareholders and available to common shareholders for the first quarter ended March 31, 2026 was $2.4 million, compared to net income of $0.8 million for the same period in 2025. For the first quarter of 2026, net income per common share was $0.23 basic and diluted, compared to net income per common share of $0.07 basic and diluted for the same period in 2025. Our adjusted EBITDA for the three months ended March 31, 2026 was $5.4 million, an increase of $1.9 million over the comparable period in 2025. Please see “Non-GAAP Measures and Definitions” below. Our Chairman & CEO, Valentios Valentis, commented: Strong quarterly results supported by disciplined execution and favorable market conditions “We are pleased to report another strong quarter, driven by robust market conditions, disciplined commercial execution, and the quality of our fleet and operating platform. For the quarter ended March 31, 2026, our fleet achieved higher TCE rates, improved utilization, and lower operating expenses per day. Our operating performance continues to be supported by evolving global energy trade flows, longer-haul transportation demand, and elevated ton-mile activity, particularly across Atlantic Basin routes. In this environment, we remain focused on maintaining a strong balance sheet and a disciplined capital allocation framework while preserving flexibility to pursue accretive growth opportunities. As of March 31, 2026, our cash and cash equivalents and short term investment in time deposits increased to $54.4 million. Including our recently secured $45 million “Hunting License” loan facility, total available liquidity now approaches $100 million. Given our strong liquidity position, we continue to evaluate prudent capital deployment opportunities across selective fleet growth, bal...

Investor releaseQuarter not tagged2026-05-15

Pyxis Tankers Announces Date for the Release of the First Quarter 2026 Results

GlobeNewswire

Maroussi, Greece, May 14, 2026 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international diversified shipping company with a focus on the seaborne transportation of refined petroleum products and dry bulk commodities, today announced the following: We will issue our unaudited results for the first quarter ended March 31, 2026, after the market close in New York on Monday, May 18, 2026. An accompanying slide presentation of the first quarter 2026 financial results will be available on the Pyxis Tankers website, under the Presentations section of the Investor Relations page. About Pyxis Tankers Inc. The Company currently owns a modern fleet of six mid-sized eco-vessels, which are engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities and consists of three MR product tankers, one Kamsarmax bulk carrier and controlling interests in two dry-bulk joint ventures of a sister-ship Kamsarmax and an Ultramax. The Company is positioned to opportunistically expand and maximize its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships and an experienced management team whose interests are aligned with those of its shareholders. For more information, visit: https://www.pyxistankers.com. Company Pyxis Tankers Inc. 59 K. Karamanli Street Maroussi, 15125 Greece [email protected] Visit our website at https://www.pyxistankers.com Company Contact Fotis Giannakoulis Chief Financial Officer Tel: +30 (210) 638 0200 Email: [email protected]

Investor releaseQuarter not tagged2026-03-05

Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2025

GlobeNewswire

Maroussi, Greece, March 5, 2026 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international diversified shipping company, today announced unaudited results for the three months and year ended December 31, 2025. For the three months ended December 31, 2025, our revenues, net, were $10.5 million. For the same period, our time charter equivalent (“TCE”) revenues were $10.2 million, an increase of $2.2 million, or 28.2%, over the comparable period in 2024. Our net income attributable to common shareholders for the fourth quarter ended December 31, 2025 was $2.0 million, compared to net loss of $2.4 million for the same period in 2024. For the fourth quarter of 2025, the net income per common share was $0.20 basic and diluted compared to a net loss per common share of $0.23 basic and diluted for the same period of 2024. Our adjusted EBITDA for the three months ended December 31, 2025 was $5.2 million, an increase of $1.9 million over the comparable period in 2024. Please see “Non-GAAP Measures and Definitions” below. On December 17, 2025, we closed the refinancings of the existing secured loans with Alpha Bank S.A. for the Eleventhone Corp. (the “Pyxis Lamda”) and the Seventhone Corp. (the “Pyxis Theta”) in the amounts of $18.6 million and $14.75 million, respectively. Each amended loan agreement has a 5-year maturity with quarterly principal repayments of $0.375 million and $0.450 million, respectively, with the final installment accompanied by balloon payments of $11.1 million for the Pyxis Lamda and $5.75 million for the Pyxis Theta, each due in December 2030. Both existing loans were refinanced at a reduced interest rate of term secured overnight financing rate (“SOFR”) plus a margin of 1.90%. After repayment of existing principal, the Alpha Bank refinancings generated incremental net proceeds of $9.9 million, which we expect to deploy for fleet expansion. Our Chairman & CEO, Valentios Valentis, commented: “Solid results for 2025 further position the Company for strategic opportunities We are pleased to report solid operating and financial results for 2025. For the year ended December 31, 2025, we generated total revenues, net of $39.0 million and adjusted EBITDA of $14.1 million. Despite softer charter rates in both sectors compared to 2024, we reported better utilization and lower operating expenses p...

Investor releaseQuarter not tagged2026-03-04

Pyxis Tankers Announces Date for the Release of the Fourth Quarter & Year Ended 2025 Results

GlobeNewswire

Maroussi, Greece, March 3, 2026 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international diversified shipping company with a focus on the seaborne transportation of refined petroleum products and dry bulk commodities, today announced the following: We will issue our unaudited results for the fourth quarter and year ended December 31, 2025, before the market opens in New York on Thursday, March 5, 2026. An accompanying slide presentation of the fourth quarter and year end 2025 financial results will be available on the Pyxis Tankers website, under the Presentations section of the Investor Relations page. About Pyxis Tankers Inc. The Company currently owns a modern fleet of six mid-sized eco-vessels, which are engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities and consists of three MR product tankers, one Kamsarmax bulk carrier and controlling interests in two dry-bulk joint ventures of a sister-ship Kamsarmax and an Ultramax. The Company is positioned to opportunistically expand and maximize its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships and an experienced management team whose interests are aligned with those of its shareholders. For more information, visit: https://www.pyxistankers.com. Company Pyxis Tankers Inc. 59 K. Karamanli Street Maroussi, 15125 Greece [email protected] Visit our website at https://www.pyxistankers.com Company Contact Henry Williams Chief Financial Officer Tel: +30 (210) 638 0200 / +1 (516) 455-0106 Email: [email protected]

Investor releaseQuarter not tagged2025-11-21

Pyxis Tankers Announces Financial Results for the Three Months Ended September 30, 2025

GlobeNewswire

Maroussi, Greece, November 20, 2025 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international diversified shipping company, today announced unaudited results for the three and nine month periods ended September 30, 2025. For the three months ended September 30, 2025, our revenues, net, were $9.7 million. For the same period, our time charter equivalent (“TCE”) revenues were $8.9 million, a decrease of $2.7 million, or 23.5%, over the comparable period in 2024. Our net income attributable to common shareholders for the third quarter ended September 30, 2025 was $1.2 million, compared to net income of $3.6 million for the same period in 2024. For the third quarter of 2025, the net income per common share was $0.11 basic and diluted compared to a net income per common share of $0.34 basic and $0.31 diluted for the same period of 2024. Our Adjusted EBITDA for the three months ended September 30, 2025 was $4.2 million, a decrease of $2.5 million over the comparable period in 2024. Please see “Non-GAAP Measures and Definitions” below. Our Chairman & CEO, Valentios Valentis, commented: “Improving markets support our results We reported results for the third fiscal quarter, 2025 with revenues, net of $9.7 million, Adjusted EBITDA of $4.2 million and net income per common share of $0.11. In comparison to 2024 market conditions, recent quarterly results were largely impacted by a $2.7 million decline in TCE revenues. As 2025 progressed, the product tanker sector has experienced healthier charter rates, supported by resilient global economic activity and continued trade disruptions caused by major armed conflicts and geopolitical conditions. For the quarter ended September 30, 2025, our MR tankers generated an average TCE rate of $21,085 per day, which increased about $400 per day sequentially from the second quarter of 2025, but 29% lower than the exceptional industry conditions of the third quarter of last year. As of November 20, 2025, our MRs were employed at an average estimated TCE of $20,700 per day, with 93% of our MR available days booked in the fourth quarter ending December 31, 2025. Given ongoing market uncertainties caused by unprecedented geopolitical events and moderating macro-economic conditions, we continue to employ our fleet of three modern, eco-efficient MRs under staggered short-term time...

Investor releaseQuarter not tagged2025-11-20

Pyxis Tankers Announces Date for the Release of the Third Quarter 2025 Results

GlobeNewswire

Maroussi, Greece, November 19, 2025 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company with a focus on the seaborne transportation of refined petroleum products and dry bulk commodities, today announced the following: We will issue our unaudited results for the third quarter ended September 30, 2025, after the market closes in New York on Thursday, November 20, 2025. An accompanying slide presentation of the third quarter 2025 financial results will be available on the Pyxis Tankers website, under the Presentations section of the Investor Relations page. About Pyxis Tankers Inc. The Company currently owns a modern fleet of six mid-sized eco-vessels, which are engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities and consists of three MR product tankers, one Kamsarmax bulk carrier and controlling interests in two dry-bulk joint ventures of a sister-ship Kamsarmax and an Ultramax. The Company is positioned to opportunistically expand and maximize its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships and an experienced management team whose interests are aligned with those of its shareholders. Company Pyxis Tankers Inc. 59 K. Karamanli Street Maroussi, 15125 Greece [email protected] Visit our website at https://www.pyxistankers.com Company Contact Henry Williams Chief Financial Officer Tel: +30 (210) 638 0200 / +1 (516) 455-0106 Email: [email protected] Source: Pyxis Tankers Inc.

Investor releaseQuarter not tagged2025-08-08

Pyxis Tankers Announces Financial Results for the Three Months Ended June 30, 2025

GlobeNewswire

Maroussi, Greece, August 8, 2025 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international shipping company, today announced unaudited results for the three and six month periods ended June 30, 2025. For the three months ended June 30, 2025, our revenues, net, were $9.2 million. For the same period, our time charter equivalent (“TCE”) revenues were $8.8 million, a decrease of $3.5 million, or 28.2%, over the comparable period in 2024. Our net loss attributable to common shareholders for the second quarter ended June 30, 2025 was $2.0 million. For the second quarter of 2025, the net loss per common share was $0.19 basic and diluted compared to the net income per common share of $0.48 basic and $0.43 diluted for the same period of 2024. Our Adjusted EBITDA for the three months ended June 30, 2025 was $1.2 million, a decrease of $6.8 million over the comparable period in 2024. Please see “Non-GAAP Measures and Definitions” below. Our Chairman & CEO, Valentios Valentis, commented: “Decelerating market environment continues to impact results We reported results for the second fiscal quarter, 2025 with Revenues, net of $9.2 million, Adjusted EBITDA of $1.2 million and net loss per share of $0.19. In comparison to the comparable 2024 period, quarterly results were largely impacted by a $3.5 million decline in TCE revenues and a $2.9 million increase in general and administrative expenses, substantially reflecting the payment of a non-recurring long-term prior performance bonus. In sharp contrast to a robust first half of last year, the product tanker sector continued to experience lower charter rates during 2025, largely due to slowing global economic activity as evidenced by softer global demand for transportation fuels. Still, charter rates remain reasonably healthy in comparison to long-term historical averages. For the period ended June 30, 2025, our MR tankers generated an average TCE rate of $20,686 per day, which declined about $2,900 per day sequentially from the first quarter of 2025 and decreased by 37% from the second quarter of last year. As of August 7, 2025, our MRs were employed at an average estimated TCE of $21,600 per day, with 91% of our MR available days booked in the third quarter ending September 30, 2025. Given ongoing market uncertainties caused by unprecedented geo-political events...

Investor releaseQuarter not tagged2025-08-06

Pyxis Tankers Announces Date for the Release of the Second Quarter 2025 Results

GlobeNewswire

Maroussi, Greece, August 6, 2025 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company with a focus on the seaborne transportation of refined petroleum products and dry bulk commodities, today announced the following: We will issue our unaudited results for the second quarter ended June 30, 2025, before the market opens in New York on Friday, August 8, 2025. An accompanying slide presentation of the second quarter 2025 financial results will be available on the Pyxis Tankers website, under the Presentations section of the Investor Relations page. About Pyxis Tankers Inc. The Company currently owns a modern fleet of six mid-sized eco-vessels, which are engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities and consists of three MR product tankers, one Kamsarmax bulk carrier and controlling interests in two dry-bulk joint ventures of a sister-ship Kamsarmax and an Ultramax. The Company is positioned to opportunistically expand and maximize its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships and an experienced management team whose interests are aligned with those of its shareholders. Company Pyxis Tankers Inc. 59 K. Karamanli Street Maroussi, 15125 Greece [email protected] Visit our website at www.pyxistankers.com Company Contact Henry Williams Chief Financial Officer Tel: +30 (210) 638 0200 / +1 (516) 455-0106 Email: [email protected] Source: Pyxis Tankers Inc.

Investor releaseQuarter not tagged2025-05-23

Pyxis Tankers First Quarter 2025 Earnings: Misses Expectations

Simply Wall St.

Revenue: US$9.61m (down 19% from 1Q 2024). Net income: US$766.0k (down 78% from 1Q 2024). Profit margin: 8.0% (down from 29% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. EPS: US$0.073 (down from US$0.33 in 1Q 2024). We've discovered 3 warning signs about Pyxis Tankers. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 46%. Looking ahead, revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Shipping industry in the US. Performance of the American Shipping industry. The company's shares are down 3.8% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Pyxis Tankers, and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Investor releaseQuarter not tagged2025-05-21

Pyxis Tankers Announces Date for the Release of the First Quarter 2025 Results

GlobeNewswire

Maroussi, Greece, May 20, 2025 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company with a focus on the seaborne transportation of refined petroleum products and dry bulk commodities, today announced the following: We will issue our unaudited results for the first quarter ending March 31, 2025, before the market opens in New York on Wednesday, May 21, 2025. A presentation of the first quarter 2025 financial results will be available on the Pyxis Tanker’s website, under the Presentations section of its Investor Relations page. About Pyxis Tankers Inc. The Company currently owns a modern fleet of six mid-sized eco-vessels, which are engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities and consists of three MR product tankers, one Kamsarmax bulk carrier and controlling interests in two dry-bulk joint ventures of a sister-ship Kamsarmax and an Ultramax. The Company is positioned to opportunistically expand and maximize its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships and an experienced management team whose interests are aligned with those of its shareholders. For more information, visit: http://www.pyxistankers.com. The information on or accessible through the Company’s website is not incorporated into and does not form a part of this release. Company Pyxis Tankers Inc. 59 K. Karamanli Street Maroussi, 15125 Greece [email protected] Visit our website at www.pyxistankers.com Company Contact Henry Williams Chief Financial Officer Tel: +30 (210) 638 0200 / +1 (516) 455-0106 Email: [email protected] Source: Pyxis Tankers Inc.

Investor releaseQuarter not tagged2025-05-21

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2025

GlobeNewswire

Maroussi, Greece, May 21, 2025 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international shipping company, today announced unaudited results for the three months ended March 31, 2025. For the three months ended March 31, 2025, our revenues, net, were $9.6 million. For the same period, our time charter equivalent (“TCE”) revenues were $8.4 million, a decrease of $1.8 million, or 17.4%, over the comparable period in 2024. Our net income attributable to common shareholders for the first quarter ended March 31, 2025 was $0.8 million. For the first quarter of 2025, the net income per common share was $0.07 basic and diluted compared to the net income per common share of $0.33 basic and $0.30 diluted for the same period of 2024. Our Adjusted EBITDA for the three months ended March 31, 2025 was $3.5 million, a decrease of $2.5 million over the comparable period in 2024. Please see “Non-GAAP Measures and Definitions” below. On January 30, 2025, we fully utilized the remaining amount under our previously authorized $3.0 million common share repurchase program. During the quarter ended March 31, 2025, we repurchased 67,534 PXS common shares at an average price of $3.91 per share, excluding brokerage commissions, or $264 thousand in total. Since the summer of 2023, we have acquired a total of 730,683 common shares in the open market at an average cost of $4.03 per share, excluding commissions. As of the date of this press release, our common share repurchase program has expired, and 10,485,865 common shares are outstanding. Our Chairman & CEO, Valentios Valentis, commented: “Solid quarterly results despite challenging environment We reported our first fiscal quarter, 2025 results with Revenues, net of $9.6 million, Adjusted EBITDA of $3.5 million and EPS of $0.07. In sharp contrast to a robust Q1 of last year, the product tanker sector experienced lower charter rates due to slowing global economic activity as evidenced by softening global demand for transportation fuels. However, market conditions improved sequentially, supported by seasonal factors and underlying trade resilience. In the period ended March 31, 2025, our MR tankers generated an average TCE rate of $23,593 per day, which was up about 7% over Q4 2024 but 26% lower than Q1 of last year. Since the beginning of 2025, the product tanker environment h...

Investor releaseQuarter not tagged2025-05-07

Insights from Industry Leaders: Capital Link’s Quarterly Shipping Report – Q1 2025

GlobeNewswire

NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- Capital Link presents a curated collection of thought-provoking articles put together during Q1 2025, featuring exclusive insights from C-suite executives across the Dry Bulk, Tanker, Container, LNG, and LPG sectors. These articles explore key corporate developments and provide expert perspectives on the evolving industry landscape—including regulatory shifts, decarbonization efforts, fleet growth, global trade dynamics, and capital strategies focused on shareholder returns. Explore insights from top executives of the following companies: d’Amico International Shipping S.A. (DIS.MI) (OTCQX: DMCOF) Dorian LPG Ltd. (NYSE: LPG) EuroDry Ltd. (NASDAQ: EDRY) Euroseas Ltd. (NASDAQ: ESEA) Global Maritime Hubs International Seaways, Inc. (NYSE: INSW) Navigator Gas (NYSE: NVGS) Okeanis Eco Tankers Corp. (NYSE: ECO) (OSE: OET) Pyxis Tankers Inc. (NASDAQ: PXS) Scorpio Tankers Inc. (NYSE: STNG) Star Bulk Carriers Corp. (NASDAQ: SBLK) TEN Ltd. (NYSE: TEN) To Request a free copy please email us at [email protected] or follow this link: https://webinars.capitallink.com/2025/shipping_report/signup.html FORWARD-LOOKING STATEMENTSThese webinars and presentations may contain "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the beliefs of each participating Company regarding future results, many of which, by their nature are inherently uncertain and outside of the control of the Companies. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For more information about risks and uncertainties associated with the participating companies, please refer to the regulatory filings of each participating company with the SEC. ORGANIZER – DISCLAIMER – CAPITAL LINK, INC.Founded in 1995, Capital Link provides Investor & Public Relations and Media services to several listed and private companies, including companies featured in these webinars. Our webinars, including the ones mentioned above, are for informational and educational purposes and...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook