Eneti Inc

Eneti, Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels. It provides innovative maritime solutions to a wide variety of customers across the globe, safeguarding the environment, embracing sustainable business practices and generating risk-adjusted returns throughout the industry cycle. The company was founded by Emanuele A. Lauro and Robert L. Bugbee on March 20, 2013 and is headquartered in Monaco.

Earnings data Q1 2020

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Earnings data Q1 2022

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Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q1 2024

Eneti Inc reports Q1 loss, eyes vessel sales amid rising demand

Eneti Inc's Q1 2023 performance reflects revenue generation but a net loss, emphasizing the need for cost management and operational efficiency improvements.
Strategic initiatives such as marketing NG2500 vessels for sale and securing an MOU with Transocean enhance Eneti's market positioning and service offerings.
Despite challenges in profitability and financing, Eneti's focus on newbuild vessels and market opportunities presents avenues for revenue growth and fleet expansion.

Eneti Inc. reports strong Q2 earnings, announces Cadeler merger

Eneti Inc.'s Q2 performance reflects revenue growth, improved profitability, and strategic asset monetization, setting a positive trajectory for future growth.
The upcoming merger with Cadeler signals a transformative opportunity for Eneti to enhance its position in the offshore wind market and drive shareholder value.
While challenges like integration and industry dynamics exist, Eneti's strengths in financial management and strategic partnerships position it well to navigate and capitalize on opportunities in the evolving energy landscape.

Eneti Inc (NETI) reports strong Q3 performance amidst market challenges

Eneti Inc (NETI) delivered a robust performance in Q3 2023, driven by strong revenue and net income figures.
Effective capital management, progress in business combination, and operational efficiency are key strengths.
Navigating market turbulence, ensuring shareholder support, and timely asset delivery are notable challenges.
Opportunities lie in revenue growth, stable backlog, and potential synergies post-business combination.

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Eneti operates as a shipping company. Eneti focused on the ownership and operation of a fleet of modern mid to large-size dry bulk carriers.

Eneti Inc. (NYSE:NETI ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants James Doyle - Head, Corporate Development and Investor Relations Emanuele Lauro - Chairman and Chief Executive Officer Robert Bugbee - President and Director Sebastian Brooke - Chief Operating Officer, Seajacks Conference Call Participants Greg Lewis - BTIG Turner Holm - Clarksons Ben Nolan - Stifel Ethan Widell - B. Riley Operator Good day and welcome to the Eneti Inc. Third Quarter 2022 Conference Call.

Eneti Inc. (NETI) Q3 2022 Earnings Call Transcript

Eneti (NETI) delivered earnings and revenue surprises of 8.96% and 8.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Eneti (NETI) Beats Q3 Earnings and Revenue Estimates

MONACO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended September 30, 2022.

Eneti Inc. Announces Financial Results for the Third Quarter of 2022 and Declares a Quarterly Cash Dividend

Eneti (NETI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Eneti (NETI) Stock Jumps 6.2%: Will It Continue to Soar?

MONACO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce third quarter 2022 financial results in a press release that will be issued before the market opens on Tuesday, November 8, 2022.

Eneti Inc. to Announce Third Quarter 2022 Results and Have a Conference Call on November 8, 2022

Here is how Eneti (NETI) and Universal Logistics (ULH) have performed compared to their sector so far this year.

Is Eneti (NETI) Outperforming Other Transportation Stocks This Year?

MONACO, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Seajacks International, a wholly-owned subsidiary of Eneti Inc. (NYSE: NETI), recently completed the installation of all 33 wind turbines at the Akita & Noshiro offshore wind farm situated off the Japanese Akita Prefecture coastline.

Successful Completion of Construction at Akita & Noshiro

Company reports strong Q2 headline numbers boosted by higher fleet utilization and a number of extraordinary gains. Eneti recently sold its stake in Scorpio Tankers for $83.3 million and subsequently repurchased $17 million in common shares from a legacy Seajacks owner.

Eneti: Scorpio Tankers Stake Sale Supports Further Share Buybacks

MONACO, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) an offshore wind and marine-based renewable energy company, announced today that it will participate on panels and presentations at Capital Link's 14th Annual New York Maritime Forum on Wednesday, September 21, 2022 at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq, NYSE, and The Port Authority of NY & NJ.

Eneti Inc. to Participate at Capital Link's 14th Annual New York Maritime Forum

MONACO, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that on September 13, 2022 its Board of Directors authorized the repurchase of up to $50.0 million of the Company's common stock in open market purchases, privately negotiated transactions or otherwise in accordance with applicable U.S. federal securities laws, including sales pursuant to Rule 10b5—1 trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934. This new share repurchase program replaces the Company's previous share repurchase program that was authorized in January 2019 and that was terminated in conjunction with the authorization of the new share repurchase program. The specific timing and amounts of the repurchases, if any, will be in the sole discretion of management and may vary based on market conditions and other factors, but the Company is not obligated under the terms of the program to repurchase any of its common stock. The authorization has no expiration date and be suspended or discontinued at any time.

Eneti Inc. Authorizes $50 Million Share Repurchase Program

Is it a good or bad thing when a stock experiences a golden cross technical event?

Eneti (NETI) Just Flashed Golden Cross Signal: Do You Buy?

MONACO, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it repurchased 2,292,310 shares of its common stock (the “Shares”) from INCJ, Ltd., for approximately $17.0 million. The Company had issued the Shares to INCJ, Ltd. as part of the acquisition price paid by the Company to acquire Seajacks in August 2021. The repurchase of the Shares was made under the Company's existing board authorized repurchase plan. As of August 31, 2022, $14.9 million remains available under the repurchase plan.

Eneti Inc. Announces the Repurchase of Common Stock

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Shipping stocks have provided attractive returns to shareholders this year in the face of the market meltdown, but the question is whether their great run can continue.

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The average of price targets set by Wall Street analysts indicates a potential upside of 61.6% in Eneti (NETI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Eneti (NETI) Could Rally 62%: Here's is How to Trade

MONACO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it sold its entire holding of 2,155,140 common shares in Scorpio Tankers Inc., a related party, for gross proceeds of approximately $83.3 million ($38.65 per share). As part of the transaction, Scorpio Tankers Inc. purchased approximately 1.3 million shares for approximately $50.0 million.

Eneti Inc. Announces Sale of Shareholding in Scorpio Tankers Inc.

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CLH, NETI and SUPN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 8, 2022.

Best Momentum Stocks to Buy for August 8th

The mean of analysts' price targets for Eneti (NETI) points to an 84.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Can Eneti (NETI) Climb 85% to Reach the Level Wall Street Analysts Expect?

Eneti Inc. (NYSE:NETI ) Q2 2022 Results Conference Call August 3, 2022 11:00 AM ET Company Participants James Doyle - Head, Corporate Development and IR Emanuele Lauro - CEO Robert Bugbee - President Cameron Mackey - COO Hugh Baker - CFO Sebastian Brooke - COO, Seajacks Conference Call Participants Greg Lewis - BTIG Ben Nolan - Stifel Turner Holm - Clarksons Liam Burke - B. Riley FBR Operator Good day and welcome to the Eneti Inc. Second Quarter 2022 Conference Call.

Eneti Inc. (NETI) CEO Emanuele Lauro on Q2 2022 Results - Earnings Call Transcript

Eneti (NETI) delivered earnings and revenue surprises of 65.79% and 24.05%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Eneti (NETI) Surpasses Q2 Earnings and Revenue Estimates

MONACO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended June 30, 2022.

Eneti Inc. Announces Financial Results for the Second Quarter of 2022 and Declares a Quarterly Cash Dividend

MONACO, July 19, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce second quarter 2022 financial results in a press release that will be issued before the market opens on Wednesday, August 3, 2022.

Eneti Inc. to Announce Second Quarter 2022 Results and Have a Conference Call on August 3, 2022

Eneti (NETI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here's Why Eneti (NETI) is Poised for a Turnaround After Losing 23.2% in 4 Weeks

The mean of analysts' price targets for Eneti (NETI) points to an 80.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See an 81% Upside in Eneti (NETI): Can the Stock Really Move This High?

Discussing encouraging first quarter earnings report. Over the past six months, the company has more than doubled its contracted backlog with both 2022 and 2023 now reasonably well-covered.

Eneti: Buy On Discounted Valuation, Improved Outlook, And Near-Term Catalysts

The mean of analysts' price targets for Eneti (NETI) points to a 149.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

News for Eneti Inc Stock (NETI)