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.

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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, January 4, 2022 – 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 Northsea Alpha and Northsea Beta, two 2010 built 8,600 dwt product tankers for an aggregate sale price of $8.9 million.  Completion of the vessel sales, which are subject to customary closing conditions, should occur between late January, 2022 and late February, 2022. After the repayment of the outstanding indebtedness securing these vessels and the payment of various transaction costs, the Company expects to receive aggregate net cash proceeds of approximately $2.8 million, which would be used for working capital purposes. For the fiscal year ended December 31, 2021, the Company expects to recognize a non-cash loss from asset dispositions of approximately $2.0 million.

Pyxis Tankers Announces Sale of Two Small Tankers

Maroussi, Greece – December 21, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, announced today that pursuant to a previously announced transaction, on December 20, 2021, the Company took delivery of the Pyxis Lamda, a 50,296 dwt medium range product tanker built in 2017 at SPP Shipbuilding in South Korea.  The Pyxis Lamda was acquired from an entity related to the family of our Company's Chairman and Chief Executive Officer, for a purchase price of $32 million (the “Lamda Acquisition”).  After her first special survey, the Pyxis Lamda will seek commercial employment in early January, 2022.

Pyxis Tankers Announces Delivery of 2017 Built MR Product Tanker & Completion of Debt Financings

Maroussi, Greece, December 14, 2021 – Pyxis Tankers Inc. (NASDAQ: PXS) (the “Company”), an international maritime transportation company focused on the product tanker sector, announced today that on December 14, 2021, it received a notification letter from the Nasdaq Stock Market (“Nasdaq”), granting the Company an additional 180-day extension, or until June 13, 2022 (the “Second Compliance Period”), to regain compliance with the minimum bid price requirement under Nasdaq's listing rules.

Pyxis Tankers Receives 180-day Extension from Nasdaq to Meet Minimum Bid Price Rule

Pyxis Tankers Inc. (PXS) CEO Valentios Valentis on Q3 2021 Results - Earnings Call Transcript

Maroussi, Greece, November 15, 2021 – 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, 2021.

Pyxis Tankers Announces Financial Results for the Three and Nine Months Ended September 30, 2021 & the Acquisition of 2017 Built MR Product Tanker

MAROUSSI, GREECE – November 11, 2021 – 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 Third Quarter 2021 Results and Related Conference Call & Webcast

Pyxis Tankers Inc. (PXS) 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.

Pyxis Tankers Inc. (PXS) May Report Negative Earnings: Know the Trend Ahead of Q3 Release

Pyxis Tankers Inc. (PXS) delivered earnings and revenue surprises of -33.33% and -8.01%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Pyxis Tankers Inc. (PXS) Reports Q2 Loss, Lags Revenue Estimates

Pyxis Tankers Inc. (PXS) CEO Eddie Valentis on Q2 2021 Results - Earnings Call Transcript

Shares of Pyxis Tankers (NASDAQ:PXS) fell 12.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 33.33% over the past year to ($0.04), which missed the estimate of ($0.03).

Recap: Pyxis Tankers Q2 Earnings

Maroussi, Greece, August 9, 2021 – 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 six month periods ended June 30, 2021.

Pyxis Tankers Announces Financial Results for the Three and Six Months Ended June 30, 2021

MAROUSSI, GREECE – August 5, 2021 – 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 2021 Results and Related Conference Call & Webcast

Pyxis Tankers Inc. (PXS) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

Maroussi, Greece, July 16, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS, PXSAP, PXSAW) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, today announced the closing of its previously announced underwritten public offering (the “Offering”) of 308,487 shares of 7.75% Series A Cumulative Convertible Preferred Shares (the “Preferred Shares,” and each a  “Preferred Share”) which trade on the Nasdaq Capital Market under the symbol “PXSAP,” at a purchase price of $20.00 per Preferred Share.

Pyxis Tankers Announces Closing of $6.17 Million Follow-on Public Offering of Convertible Preferred Shares

Maroussi, Greece – July 15, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, announced today that it took delivery of the Pyxis Karteria, a medium range product tanker of 46,652 dwt built in 2013 at Hyundai Mipo shipyard in South Korea, pursuant to the previously announced transaction of April 29, 2021.  The purchase was funded by a combination of cash and a $13.5 million bank loan that matures in seven years and is secured by the vessel.  It is anticipated that the tanker will be chartered in the spot market over the short term.

Pyxis Tankers Announces Delivery of a Modern Product Tanker

Maroussi, Greece, July 14, 2021 – Pyxis Tankers Inc. (NASDAQ: PXS, PXSAP, PXSAW) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, today announced the pricing of an underwritten public offering (the “Offering”) of 308,487 shares of 7.75% Series A Cumulative Convertible Preferred Shares (the “Preferred Shares”) at a public offering price of $20.00 per share.

Pyxis Tankers Announces Pricing of Public Offering of Series A Cumulative Convertible Preferred Stock

Pyxis Tankers Inc. (PXS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Pyxis Tankers Inc. (PXS) Upgraded to Buy: Here's What You Should Know

The stock price of Pyxis Tankers Inc (NASDAQ: PXS) increased by over 20% pre-market. This is why it happened.

PXS Stock Price Increases Over 20% Pre-Market: Why It Happened

Maroussi, Greece, June 18, 2021 – Pyxis Tankers Inc. (NASDAQ: PXS) (the “Company”), an international maritime transportation company focused on the product tanker sector, announced today that on June 16, 2021, it received a notification letter from the Nasdaq Stock Market (“Nasdaq”), stating that, for a period of 30 consecutive business days, the Company's common shares closed below the minimum bid price of $1.00 per share, as required for continued listing on Nasdaq (the “Minimum Bid Price Requirement”). The Company has until December 13, 2021 (the “Compliance Period”) to regain compliance with the Minimum Bid Price Requirement.

Pyxis Tankers Announces Receipt of NASDAQ Notice

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Pyxis Tankers Inc. (PXS) CEO Eddie Valentis on Q1 2021 Results - Earnings Call Transcript

Shares of Pyxis Tankers (NASDAQ:PXS) moved higher by 2.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 16.67% over the past year to ($0.07), which were in line with the estimate of ($0.07).

Pyxis Tankers: Q1 Earnings Insights

Maroussi, Greece, June 2, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), a growth-oriented pure play product tanker company, today announced unaudited results for the three months ended March 31, 2021.

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2021

MAROUSSI, GREECE – May 28, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a growth-oriented pure play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the First Quarter 2021 Results and Related Conference Call & Webcast

Maroussi, Greece – April 29, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a growth-oriented pure play product tanker company, announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase  a medium range product tanker of approximately 47,000 dwt built in 2013 at Hyundai Mipo shipyard in South Korea. The purchase price of $20 million is expected to be funded by a combination of bank debt and cash. It is anticipated that the acquisition, which is subject to customary closing conditions, will be completed during the summer of 2021.

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