Pyxis Tankers

Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It also deals with the seaborne transportation and shipping of refined petroleum products and other bulk liquids. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Pyxis Tankers (PXS) reports robust Q1 earnings, eyes strategic expansion

Pyxis Tankers (PXS) delivered strong financial results in Q1 2024 amidst positive market conditions for its product tankers and dry bulk carriers. While facing challenges from inflation and tight monetary policies, the company is strategically expanding its fleet and pursuing growth opportunities through acquisitions and chartering strategies.

Pyxis Tankers reports robust Q2 earnings, eyes growth opportunities

Pyxis Tankers delivered impressive Q2 2024 results, showcasing revenue growth, improved net income, and enhanced EBITDA. With a focus on strategic investments and balance sheet strength, the company is well-positioned to navigate market challenges and capitalize on growth opportunities in the shipping industry.

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Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It also deals with the seaborne transportation and shipping of refined petroleum products and other bulk liquids. It operates through the Tanker Vessels and Dry-bulk Vessels segments. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.

Maroussi, Greece, September 22, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international shipping company, today announced that it has agreed to sell the vessel Pyxis Epsilon, a 2015 built 50,295 dwt. product tanker, for a sale price of $40.75 million in cash to an unaffiliated buyer located in the United States. Completion of the vessel sale, which is subject to customary closing conditions, is expected to occur during the fourth quarter of 2023. After the repayment of the outstanding indebtedness secured by the vessel and the payment of various transaction costs, the Company expects to receive cash proceeds of approximately $26.4 million, which would be used for general corporate purposes. Assuming completion of the vessel sale during the fourth quarter of 2023, the Company expects to recognize a non-cash gain from asset disposition of approximately $16.8 million or $1.57 per current outstanding common share.

Pyxis Tankers Announces Sale of Product Tanker

Maroussi, Greece, September 18, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international shipping company, today reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture with an entity related to our Chairman and Chief Executive Officer, to acquire, own and operate a 2016 Japanese built 63,250 dwt Ultramax carrier. The Company invested approximately $6.8 million in cash for a 60% ownership interest in the joint venture. It is expected that the scrubber-fitted, eco-efficient vessel, which has been re-named the “Konkar Ormi”, will be initially chartered in the spot market.

Pyxis Tankers Announces Closing of Ultramax JV Investment & Company Update

Pyxis Tankers Inc. (NASDAQ:PXS ) Q2 2023 Earnings Conference Call July 31, 2023 8:30 AM ET Company Participants Eddie Valentis - Chairman and Chief Executive Officer Henry Williams - Chief Financial Officer Operator Good day and welcome to the Pyxis Tankers Conference Call to discuss the Financial Results for the Second Quarter 2023. As a reminder, today's call is being recorded.

Pyxis Tankers Inc. (PXS) Q2 2023 Earnings Call Transcript

Maroussi, Greece, July 31, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international product tanker company, today announced its unaudited results for the three and six month periods ended June 30, 2023.

Pyxis Tankers Announces Financial Results for the Three Months Ended June 30, 2023 and Investment in Drybulk Joint Venture

Maroussi, Greece, July 27, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the Second Quarter 2023 Results and Related Conference Call & Webcast

Pyxis Tankers owns and operates 4 MR-class product tankers. The Q2 earnings will be good, Q3 may be a bit weaker. The second-hand value of the vessels appears to be 40-45% higher than the book value. This provides an even more impressive cushion for the preferred shares.

Pyxis Tankers: Why I'm Going Overweight On The 8.4% Yielding Preferred Shares

Product tanker shipping rates remain elevated due to Russian sanctions. PXS now has a strong balance sheet due to windfall profits and gains from a recent ship sale. PXSAP offers a 2.6X covered 8.8% yield and trades at an 11% discount to par.

Pyxis Tankers Preferred: A Well-Covered 8.8% Yield With A Valuable Conversion Option

Pyxis Tankers Inc. (NASDAQ:PXS ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Eddie Valentis - Chairman and CEO Henry Williams - CFO Conference Call Participants Operator Good day, and welcome to the Pyxis Tankers conference call to discuss the Financial Results for the First Quarter 2023. As a reminder, today's call is being recorded.

Pyxis Tankers Inc. (PXS) Q1 2023 Earnings Call Transcript

Maroussi, Greece, May 15, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an international pure-play product tanker company, today announced unaudited results for the three months ended March 31, 2023.

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2023 & $2.0 Million Common Share Re-purchase Program

Maroussi, Greece, May 12, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the First Quarter 2023 Results and Related Conference Call & Webcast

Maroussi, Greece – April 12, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, announced today that its Annual Report on Form 20-F for the year ended December 31, 2022 has been filed with the Securities and Exchange Commission and can be accessed on our website,  www.pyxistankers.com . Alternatively, shareholders may also request a hard copy of the annual report containing our audited financial statements, free of charge, by contacting us using the contact details provided at the end of this press release.

Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2022

Maroussi, Greece, March 23, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international pure play product tanker company, today announced that it has completed the sale of the Pyxis Malou, a 2009 built 50,667 dwt product tanker, for the aggregate sale price of $24.8 million.  After repayment of vessel's bank debt and related transaction costs, the Company received aggregate net cash proceeds of approximately $18.9 million. The sale of the oldest vessel in the fleet will further increase our liquidity, reduce outstanding debt and position the Company for additional corporate opportunities.

Pyxis Tankers Announces Completion of Sale of Its 2009 Built Tanker

Pyxis Tankers Inc. (NASDAQ:PXS ) Q4 2022 Results Conference Call March 16, 2023 8:30 AM ET Company Participants Eddie Valentis - Chairman and CEO Henry Williams - CFO Conference Call Participants Operator Good day, and welcome to the Pyxis Tankers conference call to discuss the financial results for the fourth quarter 2022. As a reminder, today's call is being recorded.

Pyxis Tankers Inc. (PXS) Q4 2022 Earnings Call Transcript

Maroussi, Greece, March 16, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an international pure-play product tanker company, today announced unaudited results for the three months and year ended December 31, 2022.

Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2022

Maroussi, Greece, March 14, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure-play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the Fourth Quarter and Year Ended 2022 Results and Related Conference Call & Webcast

Maroussi, Greece, March 9, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international pure play product tanker company, today announced that it has agreed to sell the vessel Pyxis Malou, 2009 built 50,667 dwt. product tanker, for a sale price of $24.8 million in cash to an unaffiliated buyer located in the United Kingdom. Completion of the vessel sale, which is subject to customary closing conditions, is scheduled to occur by March 31, 2023. After the repayment of the outstanding indebtedness for this vessel and the payment of various transaction costs, the Company expects to receive cash proceeds of approximately $18 million, which would be used for general corporate purposes, including additional debt repayment. Assuming scheduled completion of the sale at March 31, 2023, the Company expects to recognize a non-cash gain from asset disposition of approximately $8 million or approximately $0.75 per outstanding common share.

Pyxis Tankers Announces Sale of Oldest Product Tanker

Ahead of results from Pyxis Tankers Inc due this month, the high seas of the global shipping market are blowing in its favour. Like transcontinental trade winds, supply and demand are supremely powerful forces in shipping – and it would not be overly generous to say that both are supportive for the Nasdaq-listed, Greece-headquartered outfit.

Pyxis Tankers set for further wind in its sails as powerful global forces combine

Maroussi, Greece, February 10, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, today announced that through a wholly-owned subsidiary, it had accepted a letter agreement for a secured term loan facility of up to $15.5 million from Piraeus Bank S.A. (the “Facility”) with an interest rate of Term SOFR plus 2.7% that is repayable over 5 years on a quarterly basis. The proceeds from the Facility will be used to refinance the existing debt secured by the Pyxis Karteria, our 2013 built, 46,652 dwt. MR2 product tanker, and for other corporate purposes. The Facility is subject to the completion of customary closing conditions and the execution of final loan documentation and is expected to close by the end of February 2023.

Pyxis Tankers Announces Acceptance of Loan Refinancing Letter of Product Tanker

Maroussi, Greece, January 12, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international pure play product tanker company, today announced that it will participate in Capital Link's Corporate Presentation Webinar Series.

Pyxis Tankers to Participate at Capital Link's Corporate Presentation Series

Zacks.com users have recently been watching Pyxis Tankers Inc. (PXS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Pyxis Tankers Inc. (PXS) Is a Trending Stock: Facts to Know Before Betting on It

Pyxis Tankers is a small product tanker operator, owning just five vessels. The high charter rates and spot rates mean the company is printing cash.

Pyxis Tankers: Phenomenal Charter Rates Are Boosting The Cash Flows

Pyxis Tankers Inc. (PXS) delivered earnings and revenue surprises of 7.69% and 3.62%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Pyxis Tankers Inc. (PXS) Tops Q3 Earnings and Revenue Estimates

Pyxis Tankers Inc. (NASDAQ:PXS ) Q3 2022 Earnings Conference Call November 14, 2022 4:30 PM ET Corporate Participants Eddie Valentis - Chairman and Chief Executive Officer Henry Williams - Chief Financial Officer Conference Call Participants Operator Good day and welcome to the Pyxis Tankers Conference Call to discuss the Financial Results for the Third Quarter 2022. As a reminder, today's call is being recorded.

Pyxis Tankers Inc. (PXS) Q3 2022 Earnings Call Transcript

Maroussi, Greece, November 14, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, today announced its unaudited results for the three and nine month periods ended September 30, 2022.

Pyxis Tankers Announces Financial Results for the Three Months Ended September 30, 2022

Maroussi, Greece, November 10, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a pure play product tanker company, today announced the following:

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