Welcome to our dedicated page for Pyxis Tankers news (Ticker: PXS), a resource for investors and traders seeking the latest updates and insights on Pyxis Tankers stock.
Pyxis Tankers Inc (PXS) operates a modern fleet of eco-efficient product tankers specializing in refined petroleum transportation. This page serves as the definitive source for PXS-related news, offering investors and maritime industry stakeholders timely updates on operational developments and strategic initiatives.
Access official press releases and third-party analysis covering charter agreements, fleet expansions, and market positioning. Our curated collection includes updates on:
- Quarterly earnings and financial performance
- Vessel acquisitions and fleet modernization
- Charter rate developments and contract announcements
- Environmental compliance initiatives
- Management commentary on market trends
Bookmark this page for streamlined access to PXS's evolving story in the maritime transportation sector. New content is verified for relevance and accuracy to support informed decision-making.
Pyxis Tankers (NASDAQ: PXS) reported unaudited results for Q1 2024, with net revenues of $11.8 million, a 1.6% increase from Q1 2023. Net income attributable to common shareholders was $3.4 million, translating to $0.33 per basic share, down from $0.81 in Q1 2023. Adjusted EBITDA rose by $1.8 million to $6.0 million. A significant event was the $26.625 million acquisition of the 'Konkar Asteri'. The company also plans a joint venture to acquire another vessel, 'Konkar Venture', for $30 million. Additionally, the Board approved $1 million for share repurchases and authorized the redemption of 100,000 preferred shares. The tanker and dry-bulk sectors remain strong, with high charter rates and utilization.
Pyxis Tankers (NASDAQ: PXS), a global shipping company, will release its unaudited Q1 2024 financial results on May 21, 2024, before the NY market opens. The release concerns the quarter ending March 31, 2024. A conference call to discuss these results will be held the same day at 8:30 a.m. Eastern Time. Participants can join the call via US toll-free or international numbers, or use the 'call me' option on the Pyxis Tankers website for a quicker connection. A webcast of the call will also be available on the company's website. Additionally, a replay of the call and accompanying slides will be accessible until May 28, 2024.
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