Pyxis Tankers Stock Price, News & Analysis

Pyxis Tankers (NASDAQ:PXS), a company specializing in seaborne transportation of refined petroleum products and dry bulk commodities, has scheduled its Q2 2025 earnings release for August 8, 2025, before the New York market opens.

The company will also make available a slide presentation of the financial results on their website's Investor Relations page under the Presentations section.

Pyxis Tankers (PXS) reported Q1 2025 financial results with revenues of $9.6 million, down 18.6% from Q1 2024. The company posted net income of $0.8 million, or $0.07 per share, compared to $0.33 per share in Q1 2024. Adjusted EBITDA decreased to $3.5 million from $6.0 million year-over-year. The MR tanker fleet generated an average TCE rate of $23,593 per day, down 25.8% YoY but up 7% from Q4 2024. The dry-bulk fleet averaged $13,013 per day, down 23.2% YoY. The company completed its $3.0 million share repurchase program, acquiring 730,683 shares at an average cost of $4.03. Management expects challenging conditions for both tanker and dry-bulk markets in 2025, citing global economic slowdown and increased vessel supply, though geopolitical tensions could support ton-mile demand.

Pyxis Tankers Inc. (PXS), a company specializing in seaborne transportation of refined petroleum products and dry bulk commodities, has scheduled the release of its first quarter 2025 financial results for Wednesday, May 21, 2025, before the New York market opens. The company will make a presentation of the Q1 2025 results available on its website in the Investor Relations section under Presentations.

Pyxis Tankers (PXS) has secured a commitment letter for a "hunting license" loan facility of up to $45 million to potentially acquire up to two modern vessels. The facility allows for financing up to 62.5% of vessel purchase value for either product tankers (45-115K dwt) or dry bulk carriers (60-85K dwt). The loan can be drawn within 18 months after closing, expected in June 2025, with an interest rate of SOFR + 1.9%. Repayment will occur quarterly over 5 years from drawdown. The remaining purchase consideration will be funded through the Company's cash equity.

Pyxis Tankers (NASDAQ: PXS) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The report, which includes the company's audited financial statements, is now available on the company's website at www.pyxistankers.com. Shareholders can also request a complimentary hard copy of the annual report by contacting the company directly.

Pyxis Tankers (PXS) reported Q4 2024 financial results with revenues of $12.0 million, a 9.2% decrease from Q4 2023. Time charter equivalent (TCE) revenues were $7.9 million, down 33.6% year-over-year. The company posted Adjusted net income of $0.3 million ($0.03 per share) and Adjusted EBITDA of $3.3 million.

The company's MR tankers generated an average TCE rate of $22,084 per day in Q4 2024, down 27.6% from $30,484 in Q4 2023. The dry-bulk carriers averaged $11,582 per day, a 31.6% decrease from $16,932. For Q1 2025, MRs are booked at an estimated TCE of $25,079 per day (85% of available days), while bulkers are at $15,028 per day (78% of available days).

Notable corporate actions included:

• Full redemption of 303,171 Series A Preferred Shares for $7.6 million
• Completion of $3.0 million share buyback program at average cost of $4.03 per share
• Plans to upgrade two vessels with fuel-saving devices in spring 2025

Pyxis Tankers (NASDAQ: PXS), a maritime transportation company specializing in refined petroleum products and dry bulk commodities, has scheduled the release of its unaudited financial results for Q4 and full-year 2024. The results will be published after the New York market closes on Thursday, March 13.

The company will make available a presentation of the Q4 and year-end 2024 financial results on its website in the Investor Relations section under Presentations.

Pyxis Tankers (NASDAQ: PXS) has completed its $3.0 million common share repurchase program, acquiring 730,683 shares at an average cost of $4.03 per share. The company also redeemed all outstanding 7.75% Series A Cumulative Convertible Preferred Stock, preventing potential dilution of 1,799,871 common shares. In total, PXS spent $13.1 million on equity re-purchases, avoiding 19.4% dilution of common shares.

As of January 29, 2025, the company has booked 72% of Q1 2025 available days for its three eco-MR product tankers at an average daily TCE of $24,750, and 68% of Q1 2025 available days for its three dry-bulk vessels at an average daily TCE of $15,400. The current fleet consists of three tankers (148,592 dwt total) and three dry-bulk vessels (227,632 dwt total).

Pyxis Tankers reported strong Q3 2024 financial results with revenues of $13.8 million, up 24.3% year-over-year. Net income attributable to common shareholders was $3.6 million ($0.34 basic EPS), compared to $3.1 million in Q3 2023. The company's MR tankers achieved an average daily TCE rate of $29,826, while dry-bulk carriers averaged $13,841. Adjusted EBITDA increased to $6.7 million, up $1.2 million from Q3 2023. The company successfully refinanced existing debt with improved terms, reducing interest margins by 85 basis points on aggregate loans of $26.5 million.