Okeanis Eco Tankers Corp

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Okeanis Eco Tankers Corp. is a holding company, which engages in the ownership and operation of commercial shipping vessels. Its activities include the transportation of crude oil, refined oil products, and other liquid products. The firm's portfolio includes Very Large Crude Carriers, Suezmax, and Aframax. The company was founded on April 30, 2018 and is headquartered in Piraeus, Greece.

ATHENS, Greece, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q3 2024 dividend announced by Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE: ECO / OSE: OET) on November 8, 2024. The Company's shares will be traded ex dividend USD 0.45 per common share on the Oslo Stock Exchange from today, November 15, 2024 and on the New York Stock Exchange from November 18, 2024.

Okeanis Eco Tankers Corp. – Ex Dividend Date

Okeanis Eco Tankers remains a top pick due to its superior fleet, competitive TCE rates, and attractive dividends. ECO handles day rate volatility well. The new fleet pays off. For 3Q24, ECO outperformed its peers by 14%, as measured by VLCC day rates. The company keeps adequate reserves and generates sufficient liquidity to cover its obligations.

Okeanis Eco Tankers Remains A Top Pick Post Earnings, Maintain Buy

Okeanis Eco Tankers is a compelling buy due to its young, efficient fleet, attractive valuation, and high dividend yield. Despite a decline in Q3 revenue and profits, ECO's proactive debt management and operational efficiency position it well for long-term value. ECO's P/E ratios and EV/EBIT metrics indicate undervaluation, offering a strong margin of safety for investors willing to navigate sector volatility.

Okeanis Eco Tankers: Leveraging Efficiency, Valuation, And High Dividends

ATHENS, Greece, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today the publication of its 3rd Environmental, Social and Governance Report (the “2023 ESG Report”), which has been developed in accordance with the Global Reporting Initiative (GRI 2021 Standards) and the Sustainability Accounting Standards Board (SASB) for Marine Transportation.

Okeanis Eco Tankers Corp. – 2023 ESG Report

Okeanis Eco Tankers Corp. (NYSE:ECO ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Aristidis Alafouzos - CEO Iraklis Sbarounis - CFO Conference Call Participants Liam Burke - B. Riley Operator Welcome to OETs Third Quarter 2024 Financial Results presentation.

Okeanis Eco Tankers Corp. (ECO) Q3 2024 Earnings Call Transcript

ATHENS, Greece, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares, which is classified as a return of capital for accounting purposes (the “Dividend”).

Okeanis Eco Tankers Corp. – Key Information relating to Q3 2024 dividend

ATHENS, Greece, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the third quarter and nine-month period of 2024, which are attached to this press release.

Okeanis Eco Tankers Corp. Reports Financial Results for the Third Quarter and Nine-Month Period of 2024

ATHENS, Greece, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited interim condensed results for the third quarter and nine-month period ended September 30, 2024, on Friday, November 8, 2024, and a webcast/teleconference will be held at 14:30 CET.

Okeanis Eco Tankers Corp. – Invitation to Q3 2024 Results Conference Call and Webcast

Okeanis Eco Tankers is a BUY due to its young, efficient fleet of VLCC and Suezmax vessels, leading to high operating margins. Despite high operating efficiency, ECO's significant debt results in higher cash breakeven, but variable interest rates offer potential relief as rates decline. The large tanker market is in a cyclical upswing, with aging fleets and low order books, positioning ECO advantageously for future growth.

Okeanis Eco Tankers: Young Fleet, Double Digit Dividend, Room To Improve

Okeanis Eco Tankers offers superior operational performance and high dividend yields, driven by aligned management and a modern, eco-friendly fleet. The Alafouzos family's significant ownership ensures long-term focus and strategic decision-making, bolstering shareholder value and operational efficiency. OET's active fleet management and market adaptability result in higher TCE rates and cost efficiency, even in weaker market conditions.

Okeanis Eco Tankers: Top Management, Long-Term Double-Digit Yield Potential

Okeanis Eco Tankers has a 100% scrubber-equipped fleet, solid financials, and a 9.45% TTM dividend yield. The company's management took advantage of a wider spread between dirty and clean freight rates. Four of the company's VLCCs were cleaned up and turned into LR4s. ECO's recent refinancing improved its debt maturity schedule, enhancing liquidity and reducing capital expenses.

Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield

Okeanis Tankers has a modern fleet of tanker vessels, focusing on fuel-efficient and compliant vessels, offering a high dividend yield and attractive earnings. The tanker market is expected to enter a multiyear super-cycle due to low fleet growth, aging vessels, and decreasing supply of ships, with ECO positioned to benefit. Factors such as OPEC production cuts, Chinese demand uncertainty, and geopolitical tensions could impact crude tanker rates and global oil transportation.

Okeanis Eco Tankers To Benefit From Crude Tanker Rate Rebound

Okeanis Eco Tankers Corp. (NYSE:ECO ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Aristidis Alafouzos - CEO Iraklis Sbarounis - CFO Conference Call Participants Liam Burke - B. Riley Petter Haugen - ABG Bendik Nyttingnes - Clarksons Securities Operator Welcome to OETs Second Quarter 2024 Financial Results Presentation.

Okeanis Eco Tankers Corp. (ECO) Q2 2024 Earnings Call Transcript

ATHENS, Greece, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares, which is classified as a return of capital for accounting purposes (the “Dividend”).

Okeanis Eco Tankers Corp. – Key Information relating to Q2 2024 dividend

ATHENS, Greece, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the second quarter and six-month period of 2024, which are attached to this press release.

Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2024

ATHENS, Greece, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited interim condensed results for the second quarter and first half year ended June 30, 2024, on Friday, August 9, 2024, and a webcast/teleconference will be held at 14:30 CET.

Okeanis Eco Tankers Corp. – Invitation to Q2 2024 Results Conference Call and Webcast

Okeanis Eco Tankers Corp. (ECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Okeanis Eco Tankers Corp. (ECO) to Report a Decline in Earnings: What to Look Out for

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ATHENS, Greece, June 20, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“we”, the “Company”, “OET” or “Okeanis”) (NYSE:ECO / OSE:OET) is pleased to announce the following financing update relating to its fleet.

Okeanis Eco Tankers Corp. – New Financing Update

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Recent weakness in VLCC rates and rumors of a resolution to the Red Sea situation have caused a 17% retracement in the stock price. The long-term fundamentals of the crude tanker market remain solid: a small order book, an aging fleet, and stricter environmental regulations will tighten supply. Okeanis has one of the youngest and best fleets in the sector, the best management team, and high leverage in a bullish scenario.

Okeanis Eco Tankers: Recent Dip Is An Opportunity To Accumulate

ATHENS, Greece, June 04, 2024 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q1 2024 dividend announced by Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE: ECO / OSE: OET) on May 16, 2024. The Company's shares will be traded ex dividend USD 1.10 per common share on the Oslo Stock Exchange from today, June 4, 2024 and on the New York Stock Exchange from tomorrow, June 5, 2024.

Okeanis Eco Tankers Corp. – Ex dividend USD 1.10 per common share today

ATHENS, Greece, May 31, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE:ECO / OSE:OET) today announced that the 2024 Annual Meeting of the Shareholders of the Company (the “Annual Meeting”) was duly held on May 31, 2024 and that all proposals on the agenda were approved.

Okeanis Eco Tankers Corp. – 2024 Annual Meeting of Shareholders held

ATHENS, Greece, May 21, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“we”, the “Company”, “OET” or “Okeanis”) (NYSE:ECO / OSE:OET) is pleased to announce the following financings update relating to its fleet.

News for Okeanis Eco Tankers Corp Stock (ECO)