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 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 ) Q1 2022 Earnings Conference Call May 12, 2022 11:30 AM ET Company Participants James Doyle - Head of Corporate Development & IR Emanuele Lauro - CEO Sebastian Brooke - Seajacks International Limited, Director of Business Development Conference Call Participants Greg Lewis - BTIG Turner Holm - Clarksons Liam Burke - B. Riley Operator Hello, and welcome to the Eneti Incorporated First Quarter 2022 Conference Call.

Eneti, Inc. (NETI) CEO Emanuele Lauro on Q1 2022 Results - Earnings Call Transcript

Eneti Inc (NYSE: NETI) reported a first-quarter revenue decline of 62.5% year-over-year to $22.44 million, beating the consensus of $18.11 million. GAAP EPS was $0.11 versus $3.84 a year ago.

Eneti Stock Slips Post Q1 Results

MONACO, May 12, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended March 31, 2022.

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

MONACO, April 25, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce first quarter 2022 financial results in a press release that will be issued before the market opens on Thursday, May 12, 2022.

Eneti Inc. to Announce First Quarter 2022 Results and Have a Conference Call on May 12, 2022

MONACO, April 15, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2021 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website www.Eneti-Inc.com in the Investors section under Reports and Presentations.

Eneti Inc. Announces Availability of 2021 Annual Report on Form 20-F

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MONACO, April 06, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that the President of the Company, Robert Bugbee, has recently purchased 40,000 common shares of the Company at an average price of $5.88 per share in the open market.

Eneti Inc. Announces Purchase of Common Shares by the President of the Company

MONACO, April 04, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it signed its $175.0 million multicurrency credit facility and will participate in two investor events in April and May 2022.

Eneti Inc. Announces the Signing of Its $175 Million Multicurrency Credit Facility, Will Participate in a Conference Call With Bank of America Securities and Attend Citi Bank's Global Energy, Utilities and Climate Technology Conference

Eneti is an owner and operator of wind turbine installation vessels (WTIVs) with an on-the-water fleet of five vessels, with two additional high spec newbuilds on order.

Eneti: Discounted Play In Renewable Energy Markets

MONACO, March 16, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a new contract with a global original equipment manufacturer for wind turbine operation and maintenance in NW Europe for one of its NG2500-class vessels. The contract, which has a duration of between 90 and 180 days, will generate approximately $3.85 million to $7.45 million of revenue in the second and third quarters of 2022.

Eneti Inc. Announces a New Contract Award for Seajacks

MONACO, March 03, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 57,200 common shares (or 572 call option contracts) of the Company for total consideration of approximately $92,000. The call option contracts have a strike price of $5.00 and an expiration of August 2022.

Eneti Inc. Announces Purchase of Call Options by the President of the Company and Purchase of Common Shares by Scorpio Holdings Limited

MONACO, March 02, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 100,000 common shares (or 1,000 call option contracts) of the Company for total consideration of approximately $167,000. The call option contracts have a strike price of $5.00 and an expiration of August 2022.

Eneti Inc. Announces Purchase of Call Options by the President of the Company

MONACO, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that the President of the Company, Robert Bugbee, has recently purchased 120,000 common shares of the Company at an average price of $5.27 per share in the open market.

Eneti Inc. Announces Purchase of Common Shares by the President of the Company and by Scorpio Holdings Limited

Eneti, Inc. (NETI) CEO Emanuele Lauro on Q4 2021 Results - Earnings Call Transcript

Eneti (NETI) delivered earnings and revenue surprises of -91.84% and 14.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Eneti (NETI) Reports Q4 Loss, Lags Revenue Estimates

MONACO, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended December 31, 2021.

Eneti Inc. Announces Financial Results for the Fourth Quarter of 2021 and Declares a Quarterly Cash Dividend

MONACO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Seajacks UK Limited, a wholly-owned subsidiary of Eneti Inc. (NYSE: NETI) and a leading provider of installation and maintenance vessels to the offshore wind sector, has established an operational base in the City of Virginia Beach, Virginia.

Seajacks Opens Office in Virginia Beach

MONACO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce fourth quarter 2021 financial results in a press release that will be issued before the market opens on Wednesday, February 23, 2022.

Eneti Inc. to Announce Fourth Quarter 2021 Results

MONACO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it has received commitments from DNB Capital LLC, Societe Generale, Citibank N.A., Credit Agricole Corporate and Investment Bank and Credit Industriel et Commercial for a five-year credit facility of $175 million (the “Credit Facility”).

Eneti Inc. Announces a Commitment for a Five-Year $175 million Multicurrency Senior Secured Green Term Loan and Revolving Credit Facility and Announces the Repayment of $105.3 million of Existing Debt

Eneti Inc. (NYSE: NETI) (the "Company") announced today that it has discontinued discussions with a shipyard in the United States to build a Jones Act-compliant Wind Turbine Installation Vessel. Emanuele A.

Eneti Inc. Announces It Has Discontinued Its Discussions With A US Shipyard To Turbine Installation Vessel; Co. Announces New Contract Awards For Seajacks

MONACO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it has discontinued discussions with a shipyard in the United States to build a Jones Act-compliant Wind Turbine Installation Vessel. Emanuele A. Lauro, Chief Executive Officer, said, “We believe the US Market for offshore wind will offer significant opportunities for the company in the future, but right now we are focused on delivering on our existing commitments and deriving value from our existing fleet.”

Eneti Inc. Announces It Has Discontinued Its Discussions With a U.S. Shipyard and Announces New Contract Awards for Seajacks

Eneti (NETI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Eneti (NETI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

MONACO, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) an offshore wind and marine-based renewable energy company, announced today that it will participate in Capital Link's Corporate Presentation Webinar Series.

ENETI Inc. to Participate at Capital Link's Corporate Presentation Series

Eneti Inc (NYSE: NETI) subsidiary Seajacks UK Limited signed a contract with Dutch marine contractor Van Oord, who selected the Seajacks Scylla, the largest vessel in the Seajacks fleet. The company expects the firm charter duration of the Van Oord contract to generate ~$60 million of revenue in 2023.

Eneti Signs Contract With Van Oord For Seajacks Scylla Vessel

MONACO, Dec. 27, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with Dutch marine contractor, Van Oord.

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