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 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.

The Pyxis Tankers preferred shares have been derisked thanks to Pyxis' recent capital raise. The net debt and interest expenses have decreased considerably, resulting in Pyxis getting close to a cash flow neutral status.

Pyxis Tankers Preferred Shares Are A 9.2% Yielding Opportunity

Maroussi, Greece – April 12, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a growth-oriented pure play product tanker 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 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, 2020

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Maroussi, Greece, March 30, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), a growth-oriented, pure play product tanker company, today announced that it had successfully completed the refinancing of a previous loan facility secured by the Pyxis Epsilon with a $17 million loan which has an interest rate of Libor plus 3.35% and is repayable over 5 years.

Pyxis Tankers Inc. Announces Refinancing of Modern Product Tanker

Pyxis Tankers' (PXS) CEO Eddie Valentis on Q4 2020 Results - Earnings Call Transcript

Pyxis Tankers Inc. (PXS) delivered earnings and revenue surprises of -50.00% and -14.22%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Pyxis Tankers Inc. (PXS) Reports Q4 Loss, Misses Revenue Estimates

Maroussi, Greece, March 24, 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 and year ended December 31, 2020.

Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2020

MAROUSSI, GREECE – March 22, 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 Fourth Quarter and Year Ended December 2020 Results and Related Conference Call & Webcast

MAROUSSI, GREECE,  February 24, 2021 -  Pyxis Tankers Inc. (NASDAQ: PXS), (the “Company” or “Pyxis Tankers”), an emerging growth pure play product tanker company, today announced that it has closed its previously announced definitive securities purchase agreements with a group of investors, which resulted in gross proceeds to Pyxis Tankers of $25.0 million, before deducting placement offering expenses.  Pyxis Tankers has issued 14,285,715 shares of common stock at a price of $1.75 per share. Pyxis Tankers will use the net proceeds from the transaction for general corporate purposes, which may include the repayment of outstanding indebtedness and potential vessel acquisitions.

Pyxis Tankers Announces Closing of $25.0 Million Private Placement of Common Stock

MAROUSSI, GREECE, February 17, 2021 - Pyxis Tankers Inc. (NASDAQ: PXS), (the "Company" or "Pyxis Tankers"), an emerging growth pure play product tanker company, today announced that it has entered into definitive securities purchase agreements with a group of investors, which will result in gross proceeds to Pyxis Tankers of $25.0 million, before deducting placement offering expenses.  Pyxis Tankers will issue 14,285,715 shares of common stock at a price of $1.75 per share. This private placement is expected to close on or before February 19, 2021, subject to customary closing conditions.

Pyxis Tankers Announces $25.0 Million Private Placement of Common Stock

Maroussi, Greece, February 17, 2021 - Pyxis Tankers Inc. (NASDAQ CM: PXS) (the "Company" or "Pyxis Tankers"), a growth-oriented pure play product tanker company, announced that it has regained compliance with the NASDAQ's continued listing requirements regarding the minimum closing bid price.

Pyxis Tankers Regains Compliance with NASDAQ's Minimum Closing Bid Price Rule

MAROUSSI, GREECE – January 15, 2020 - Pyxis Tankers Inc. (NASDAQ: PXS), (the "Company" or "Pyxis Tankers"), a growth - orientated pure play product tanker company, today announced that its CEO, Mr. Eddie Valentis will present on Wednesday, January 20th at Noble Capital Markets' Seventeen Annual Investor Virtual Conference at 1:30 pm EST. The conference is virtual and there is no cost, obligation nor restriction to investors to attend: www.noblecon17.com A high-definition, video webcast of the presentation will be available on Thursday, January 21th on the Company's website, http://www.pyxistankers.com , and as part of a complete catalog of presentations available at Noble Capital Markets' website:  www.nobleconference.com  and on its investor portal, Channelchek: www.channelchek.com . The webcast and presentation will be archived on Noble website for 90 days following its event and the Company's website.

Pyxis Tankers to Present at NobleCon 17 Investor Conference

Pyxis Tankers Inc.'s (PXS) CEO Eddie Valentis on Q3 2020 Results - Earnings Call Transcript

Maroussi, Greece, November 13, 2020 – 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 and nine months ended September 30, 2020.

Pyxis Tankers Announces Financial Results for the Three and Nine Months Ended September 30, 2020

MAROUSSI, GREECE – November 11, 2020 – 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 Third Quarter 2020 Results and Related Conference Call & Webcast

Maroussi, Greece, November 2, 2020 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), a growth-oriented pure play product tanker company, today announced that the board of directors of the Company has declared a monthly dividend of $0.1991 per share on its 7.75% Series A Cumulative Convertible Preferred Stock (NASDAQ Cap Mkts: PXSAP) for the month of November. The cash dividend will be payable on November 20, 2020 to holders of record as of November 13, 2020.

Pyxis Tankers Announces Declaration of Monthly Dividend for 7.75% Series A Cumulative Convertible Preferred Stock

Maroussi, Greece, October 13, 2020 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS, PXSAP, PXSAW) (the “Company” or “Pyxis Tankers”), a growth-oriented pure play product tanker company, today announced the closing of its previously announced underwritten public offering (the “Offering”) of 200,000 Units at an offering price of $25.00 per Unit.  Each Unit is immediately separable into one 7.75% Series A Cumulative Convertible Preferred Share (the “Preferred Shares”) and eight (8) warrants, each warrant exercisable for one common share (the “Warrants”), for a total of up to 1,600,000 common shares of the Company. The Preferred Shares and Warrants trade on Nasdaq Capital Market under the symbols “PXSAP” and “PXSAW,” respectively.  

Pyxis Tankers Announces Closing of $5.0 Million Public Offering of Convertible Preferred Shares & Warrants

Maroussi, Greece, October 8, 2020 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), a growth-oriented pure play product tanker company, today announced the pricing of its underwritten public offering (the “Offering”) of 200,000 Units at an offering price of $25.00 per Unit.  Each Unit will immediately separate into one 7.75% Series A Cumulative Convertible Preferred Share (the “Preferred Shares”) and eight (8) warrants, each warrant exercisable for one common share (the “Warrants”), for a total of up to 1,600,000 common shares of the Company.  Pyxis Tankers has granted the underwriters a 45-day option to purchase up to 30,000 additional Preferred Shares and/or 240,000 additional Warrants solely to cover over-allotments, if any.

Pyxis Tankers Announces Pricing of $5.0 Million Public Offering of Convertible Preferred Shares & Warrants

Pyxis Tankers Inc. (PXS) CEO Eddie Valentis on Q2 2020 Results - Earnings Call Transcript

Maroussi, Greece, August 10, 2020 – 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 and six months ended June 30, 2020.

Pyxis Tankers Announces Financial Results for the Three and Six Months Ended June 30, 2020

MAROUSSI, GREECE – August 7, 2020 – 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 Second Quarter 2020 Results  and Related Conference Call & Webcast

Pyxis Tankers Inc. (PXS) CEO Eddie Valentis on Q1 2020 Results - Earnings Call Transcript

Maroussi, Greece, June 3, 2020 – 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, 2020.

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2020

Maroussi, Greece, May 11, 2020 – Pyxis Tankers Inc. (the “Company”) (NASDAQ Cap Mkts: PXS), a growth-oriented  pure  play  product  tanker  company, announced that it has regained compliance with the NASDAQ’s continued listing requirements regarding the minimum closing bid price.

Pyxis Tankers Regains Compliance with NASDAQ’s Minimum Closing Bid Price Rule

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