Okeanis Eco Tank Stock Price, News & Analysis

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has released its third Environmental, Social and Governance (ESG) Report for 2023. The report follows the standards set by the Global Reporting Initiative (GRI 2021) and the Sustainability Accounting Standards Board (SASB) for Marine Transportation. Stakeholders can access the complete 2023 ESG Report through the company's website under the sustainability section.

Okeanis Eco Tankers (NYSE: ECO / OSE: OET) has declared a Q3 2024 dividend of USD 0.45 per common share, classified as a return of capital. Due to different settlement periods between NYSE (T+1) and Oslo Stock Exchange (T+2), there are varying ex-dividend dates: November 15, 2024 for OSE and November 18, 2024 for NYSE. The record date is November 18, 2024, with payment scheduled for December 4, 2024. Shareholders registered in Euronext VPS will receive payment in NOK around December 9, 2024.

Okeanis Eco Tankers reported Q3 2024 financial results with revenues of $84.9 million, down from $89.1 million in Q3 2023. Net profit reached $14.6 million ($0.45 per share), compared to $19.4 million ($0.60 per share) in Q3 2023. For the nine-month period, revenues were $308.0 million with a profit of $95.7 million ($2.97 per share). The company achieved a fleetwide daily TCE rate of $43,900 per operating day in Q3 2024, with VLCC and Suezmax rates at $43,100 and $44,800 respectively. The board declared a $0.45 dividend per share payable on December 4, 2024.

Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) has announced it will release its unaudited interim condensed results for the third quarter and nine-month period ended September 30, 2024, on Friday, November 8, 2024. The company will host a webcast/teleconference at 14:30 CET. Participants can join via weblink or conference call using international dial-in numbers. The presentation materials will be available for download from the company's Investor Relations website before the event.

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has announced a Q2 2024 dividend of USD 1.10 per common share. The company's shares will trade ex-dividend on the Oslo Stock Exchange from August 20, 2024, and on the New York Stock Exchange from August 21, 2024. This information follows the key Q2 2024 dividend announcement made on August 9, 2024. Shareholders should take note of these important dates to ensure they are eligible for the dividend payment.

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has declared a Q2 2024 dividend of USD 1.10 per common share, classified as a return of capital. Due to the implementation of CSDR in Norway and different settlement periods between NYSE (T+1) and OSE (T+2), there are varying ex-dividend dates:

- Last day including right: OSE - August 19, 2024; NYSE - August 20, 2024
- Ex-date: OSE - August 20, 2024; NYSE - August 21, 2024
- Record date for both exchanges: August 21, 2024
- Payment date: September 5, 2024 (VPS shareholders expected around September 10, 2024)

Dividends for VPS-registered shares will be distributed in NOK. Shareholders are advised to contact their financial institutions for details on dividend crediting.

Okeanis Eco Tankers Corp. (NYSE: ECO, OSE: OET) has released its unaudited financial results for Q2 and H1 2024. Key highlights include:

- Q2 2024 revenues of $112.0 million, down from $119.8 million in Q2 2023
- Q2 2024 profit of $39.6 million, compared to $52.9 million in Q2 2023
- Earnings per share of $1.23 in Q2 2024, down from $1.64 in Q2 2023
- Cash position of $98.1 million as of June 30, 2024
- Fleetwide daily TCE rate of $64,900 per operating day in Q2 2024
- Declaration of Q2 2024 dividend of $1.10 per common share

The company's performance shows a slight decline compared to the same period last year, but maintains strong profitability and cash position.

Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) has announced its upcoming Q2 2024 results conference call and webcast, scheduled for August 9, 2024, at 14:30 CET. The company will report unaudited interim condensed results for the second quarter and first half year ended June 30, 2024. Participants can join via webcast or conference call, with dial-in details provided for international access, USA, and Norway. The presentation material will be available for download from the company's Investor Relations section prior to the event. For further information, investors can contact CFO Iraklis Sbarounis or reach out to Capital Link for investor relations and media inquiries.

Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) has secured a new $31.11 million senior secured credit facility from Bank SinoPac Co., to finance the repurchase of its Suezmax vessel Poliegos. The financing deal, expected to close in July 2024, carries an interest rate of Term SOFR plus 160 basis points, matures in six years, and includes quarterly repayments of $0.78 million and a balloon payment of $12.44 million at maturity. CFO Iraklis Sbarounis highlighted the transaction as a strategic move to improve the company's capital structure, noting a significant reduction in financing costs and access to new Asian markets. Since June 2023, Okeanis has refinanced its fleet, reducing banking debt costs by 125 basis points on over $550 million in principal and extending maturities to between 2028 and 2031. The company aims to continue optimizing financing for its vessels, including the Nissos Rhenia and Nissos Despotiko, by 2026.