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Pyxis Tankers Inc - PXS STOCK NEWS

Welcome to our dedicated news page for Pyxis Tankers (Ticker: PXS), a resource for investors and traders seeking the latest updates and insights on Pyxis Tankers.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pyxis Tankers's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pyxis Tankers's position in the market.

News
Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2023
Rhea-AI Summary
Pyxis Tankers Inc. announces the filing of Form 20-F for the year ended December 31, 2023. Shareholders can access the annual report on the company's website or request a hard copy free of charge. The report includes audited financial statements.
Rhea-AI Impact
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End-of-Day
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Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2023
Rhea-AI Summary
Pyxis Tankers Inc. announced unaudited results for the three months and year ended December 31, 2023. Revenues, net were $13.2 million, with a $1.9 million decrease in TCE revenues. Net income for Q4 2023 was $21.6 million, a significant increase from $6.5 million in Q4 2022. The company sold one MR tanker and recognized a $17.1 million gain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
Tags
earnings
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News
Pyxis Tankers Announces Date for the Release of the Fourth Quarter and Year Ended 2023 Results and Related Conference Call & Webcast
Rhea-AI Summary
Pyxis Tankers Inc. (PXS) will release unaudited results for Q4 and year ended December 31, 2023, on March 14, 2024. A conference call to discuss the results will be held at 4:30 p.m. Eastern Time on the same day. Webcast and replay details are available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
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none
News
Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Acquisition & Commercial Update
Rhea-AI Summary
Pyxis Tankers Inc. completes the acquisition of an eco-efficient dry bulk vessel, the 'Konkar Asteri', for $26.625 million. The vessel is fitted with a ballast water treatment system and scrubber. The purchase was funded by bank debt and cash on hand. As of December 31, 2023, total cash would have been $45.6 million, and funded debt $76.0 million. The Chairman and CEO provided a commercial update, stating a preliminary daily average time charter equivalent charter rate of approximately $30,500 per MR for the fourth quarter of 2023. The company operates three medium range product tankers and expects to employ dry bulk vessels under a mix of time charters and spot voyages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
acquisition
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Pyxis Tankers Announces Closing of the Sale of 2015 Built Tanker
Rhea-AI Summary
Pyxis Tankers Inc. (NASDAQ: PXS) has announced the successful closing of the sale of the Pyxis Epsilon, a 2015 built 50,295 dwt MR product tanker. The company received approximately $26.8 million in net cash proceeds after repayment of a loan secured by the vessel and associated transaction costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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Pyxis Tankers Announces Agreement to Acquire Modern Dry Bulk Vessel
Rhea-AI Summary
Pyxis Tankers Inc. (PXS) has announced the acquisition of an 82,013 dwt dry bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding for $26.625 million. The purchase is expected to be funded by a combination of bank debt and cash, with completion anticipated by February, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags
acquisition
News
Pyxis Tankers Announces Financial Results for the Three Months Ended September 30, 2023
Rhea-AI Summary
Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) announced unaudited results for the three and nine month periods ended September 30, 2023. Revenues, net were $11.1 million, TCE revenues were $9.3 million, net income was $3.1 million, and Adjusted EBITDA was $5.5 million. The company closed on a $6.8 million equity investment in a joint venture and announced the sale of the vessel 'Pyxis Epsilon' for $40.75 million. The company expects to recognize a non-cash gain from asset disposition of approximately $17.1 million in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.76%
Tags
earnings
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News
Pyxis Tankers Announces Date for the Release of the Third Quarter 2023 Results and Related Conference Call & Webcast
Rhea-AI Summary
Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) announced the release of their unaudited results for the third quarter ended September 30, 2023, scheduled for Monday, November 20, 2023. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results, with details provided for participant dial-in and webcast access. A telephonic replay will be available until Monday, November 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.72%
Tags
earnings
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Pyxis Tankers Inc. to Present at The ThinkEquity Conference
Rhea-AI Summary
Pyxis Tankers Inc. to participate in The ThinkEquity Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
conferences
News
Pyxis Tankers Announces Sale of Product Tanker
Rhea-AI Summary
Pyxis Tankers Inc. agrees to sell vessel Pyxis Epsilon for $40.75 million in cash to a US buyer, expecting to receive cash proceeds of $26.4 million after repayment of debt and transaction costs. Expects to recognize a non-cash gain of $16.8 million or $1.57 per share. Sale increases cash position and financial flexibility for potential vessel purchases and strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.29%
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none
Stock PXS logo
Pyxis Tankers Inc

Nasdaq:PXS

PXS Rankings

#4723 Ranked by Market Cap
#3352 Ranked by Stock Gains
N/A Ranked by Dividends

PXS Stock Data

49.80M
4.75M
54.73%
1.56%
0.83%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Greece
Maroussi

About PXS

we are an emerging pure-play owner of a modern fleet of product tankers engaged in the seaborne transportation of refined petroleum products and other bulk liquids. we are focused on growing our fleet of medium range product tankers, which provide operational flexibility and enhanced earnings potential due to their “eco” features or modifications. we are well positioned to opportunistically expand and maximize our fleet due to our strong customer relationships, competitive cost structure, and experienced management team and founder, whose interests are squarely aligned with other shareholders. our common shares are listed on the nasdaq capital markets under the trading symbol ‘pxs.’ our fleet is comprised of six double hull product tankers with a weighted average age of 4.9 years (based on deadweight tonnage as of december 31, 2015) and that are employed under a mix of short- and medium-term time charters and spot charters. four of the vessels in the fleet are medium-range, or mr, prod