Pyxis Tankers Inc. reports developments for an international diversified shipping company focused on mid-sized eco-vessels in the product tanker and dry-bulk markets. Its fleet transports refined petroleum and energy products, liquid bulk cargoes and dry-bulk commodities through MR product tankers, a Kamsarmax bulk carrier and dry-bulk joint venture interests.
Recurring news covers quarterly and annual financial results, time charter equivalent revenue, chartering activity, vessel employment, loan agreements, refinancing activity, common share repurchase programs, annual report filings and management transitions. Company updates also discuss market conditions affecting product tanker and dry-bulk vessel supply, demand and charter rates.
Pyxis Tankers (PXS) agreed to acquire the remaining 40% interest in the entity owning the Ormi dry bulk vessel. The seller is related to Chairman and CEO Eddie Valentis. The vessel-equity consideration is $6.83 million, based on the seller’s share of net appraised equity. Three independent shipbroker appraisals averaged approximately $32.08 million; after $15.0 million of vessel-related debt, net appraised equity is approximately $17.08 million. Working capital will be determined after the most recent voyage and settled separately at closing.
Pyxis expects immediate earnings and free-cash-flow accretion under current operating assumptions and prevailing dry bulk market conditions. Closing would bring ownership to 100%, with no incremental consolidated vessel debt because the entity is already consolidated. Independent directors approved the transaction, which is expected to close within October 2026, subject to customary closing conditions.
Pyxis Tankers (PXS) agreed to a two-year charter for Pyxis Lamda with CITGO Petroleum at a gross rate of $31,000 per day. The term is 24 months, plus or minus 30 days at CITGO’s option. The current charter is expected to expire on or about November 20, 2026, followed by a scheduled special survey and drydocking. The new charter is expected to begin immediately afterward.
Pyxis expects approximately $21.8 million in net charter revenue after 2.5% commissions, assuming 720 revenue earning days. Its estimates include approximately $7.7 million in annualized EBITDA, a measure of earnings before interest, taxes, depreciation and amortization, and $5.2 million in annualized net income, or $0.51 per common share. The new daily rate is $8,000 above the current rate. Actual results depend on delivery, off-hire, final duration and operating costs.
Pyxis Tankers (Nasdaq: PXS) reported unaudited results for Q2 and H1 2026, showing a return to profitability and higher time charter equivalent (TCE) earnings.
For Q2 2026, revenues, net, were $12.1 million, up 32.6% from $9.2 million in Q2 2025. TCE revenues rose 30.4% to $11.5 million. Net income attributable to common shareholders was $2.8 million versus a $2.0 million net loss a year earlier, with EPS of $0.27 basic and diluted versus a $0.19 loss. Adjusted EBITDA increased to $6.5 million from $1.2 million.
For H1 2026, revenues, net, were $22.1 million (up 17.9%), net income to common was $5.2 million versus a $1.2 million loss, and adjusted EBITDA grew to $11.9 million from $4.7 million. Fleet performance improved: Q2 MR tanker TCE averaged $21,899/day and dry-bulk TCE $20,245/day, with total fleet TCE at $21,075/day. As of August 31, 2026, approximately 87% of Q3 2026 available days were contracted at an estimated average TCE of about $22,250/day. According to Pyxis Tankers, total liquidity at quarter-end was approximately $103 million and net leverage was low.
Pyxis Tankers (NASDAQ: PXS) will release its unaudited results for the second quarter ended June 30, 2026, after the New York market close on Monday, August 31, 2026. An accompanying slide presentation of the Q2 2026 financial results will be available in the Presentations section of the Investor Relations page on the Pyxis Tankers website. The company operates a fleet of six mid-sized eco-vessels transporting refined petroleum products and dry-bulk commodities.
Pyxis Tankers (Nasdaq: PXS) reported an operational update on its MR product tanker M/T Pyxis Karteria. The vessel safely transited the Strait of Hormuz on June 23, 2026 and is now at Fujairah, UAE, continuing operations under a 12‑month fixed-rate time charter.
Pyxis Tankers (Nasdaq:PXS) reported unaudited Q1 2026 results with revenue of $10.0 million, up from $9.6 million in Q1 2025. TCE revenues reached $9.9 million, an 18.2% increase. Net income rose to $2.4 million, or $0.23 per share, versus $0.8 million, or $0.07, a year earlier. Adjusted EBITDA was $5.4 million, up $1.9 million. The company highlighted higher TCE rates, better utilization, and lower operating expenses per day. Liquidity approaches $100 million, including $54.4 million of cash, cash equivalents and time deposits plus a $45 million “Hunting License” loan facility. One MR tanker, Pyxis Karteria, operates safely in the Persian Gulf on a fixed-rate time charter through August 2026. Management acknowledges elevated macroeconomic and geopolitical risks but views product tanker market fundamentals as constructive.
Pyxis Tankers (NASDAQ:PXS) will release its unaudited Q1 2026 results after the New York market close on Monday, May 18, 2026. An accompanying slide presentation of the first quarter 2026 financial results will be available on the company’s website in the Investor Relations > Presentations section.
Pyxis Tankers (NASDAQ: PXS) announced a CFO transition: Henry Williams will step down at the end of April 2026 and Fotis Giannakoulis will become CFO effective May 1, 2026. Fotis brings 25 years of ship finance experience across lending, research and investment banking.
The company said the change is an orderly leadership transition and thanked Williams for his service since the 2015 public listing.
Pyxis Tankers (NASDAQ: PXS) filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission on April 1, 2026.
The report, which includes audited financial statements, is available on the company website and shareholders may request a free hard copy by contacting the company.
Pyxis Tankers (Nasdaq Cap Mkts: PXS) reported results for the quarter and year ended December 31, 2025. For Q4 2025, revenues were $10.5M, TCE revenues $10.2M (up 28.2% vs. Q4 2024) and net income attributable to common shareholders was $2.0M versus a loss in Q4 2024. For FY 2025, revenues were $39.0M and adjusted EBITDA was $14.1M. The company closed two Alpha Bank refinancings totaling principal of $33.35M at SOFR+1.90%, generating $9.9M incremental net proceeds. Year-end cash and short-term deposits approached $54M and available credit is $45M.