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 2023

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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 (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) Earnings Expected to Grow: What to Know Ahead of Q2 Release

NETI should have roughly $27/sh in cash and investments when it finishes liquidating the dry bulk fleet. Management owns just under 30% of the outstanding equity.

Eneti: Attractive Risk/Reward Due To Business Transition

NOV's GustoMSC NG-16000X design provides the option to modify the vessel and enable it to operate on alternate liquefied natural gas or ammonia fuel in the future.

NOV Lands Equipment Delivery Contracts for Eneti's WTIV

Eneti, Inc. (NETI) CEO Emanuele Lauro on Q1 2021 Results - Earnings Call Transcript

MONACO, May 18, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended March 31, 2021.

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

On Tuesday, May 18, Eneti (NYSE:NETI) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings Preview for Eneti

Eneti (NETI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Eneti (NETI)

MONACO, May 11, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce first quarter 2021 financial results in a press release that will be issued before the market opens on Tuesday, May 18, 2021.

Eneti Inc. Announces Date Change for First Quarter 2021 Earnings Press Release and Conference Call

MONACO, May 11, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that it entered into a binding agreement for the construction of one Wind Turbine Installation Vessel (“WTIV” or the “Vessel”). In addition, the Company announced that it is in advanced discussions with American shipbuilders for the construction of a Jones Act-Compliant WTIV.

Eneti Inc. Announces a Contract for the Construction of One Next-Generation Offshore Wind Turbine Installation Vessel and Provides an Update on Its Jones Act Initiative

MONACO, May 03, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce first quarter 2021 financial results in a press release that will be issued before the market opens on Monday, May 17, 2021.

Eneti Inc. to Announce First Quarter 2021 Results

Diana Shipping

Eagle Bulk Shipping

The opening of global economies has ocean shipping resources in high demand.

Why Global Shipping Stocks Jumped Today

MONACO, March 08, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 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 2020 Annual Report on Form 20-F

MONACO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) announced today that the Company has entered into agreements with unaffiliated third parties to sell the SBI Cronos, an Ultramax bulk carrier built in 2015, and SBI Achilles, an Ultramax bulk carrier built in 2016, for approximately $39.75 million in the aggregate.  Delivery of the vessels is expected to take place in the second quarter of 2021.

Eneti Inc. Announces the Sale of Ultramax Vessels

News for Eneti Inc Stock (NETI)