Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
GreeceIPO:
04 November 2015Website:
http://www.pyxistankers.comNext earnings report:
31 July 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:24:44 GMTDividend
Analysts recommendations
Institutional Ownership
PXS Latest News
Pyxis Tankers reported solid Q1/2024 results without major surprises and provided a constructive outlook for Q2. The company continued to buy back common shares and increased its share repurchase authorization by $1.0 million. In addition, Pyxis Tankers decided to redeem a portion of its Preferred Shares. Foray into dry bulk shipping continues with the acquisition of another Kamsarmax vessel from entities affiliated with the company's CEO and Chairman.
Pyxis Tankers Inc. (NASDAQ:PXS ) Q1 2024 Earnings Conference Call May 21, 2024, 08:30 AM ET Company Participants Eddie Valentis - Chairman and CEO Henry Williams - CFO Conference Call Participants Presentation Operator Good day, and welcome to the Pyxis Tankers conference call to discuss the financial results for the first quarter 2024. I must advise you that the conference call is being recorded.
On May 17, 2024, in Maroussi, Greece, Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a global shipping company, made the following announcement:
Pyxis Tankers Inc. (PXS) Q4 2023 Earnings Call Transcript
Pyxis Tankers Inc. (NASDAQ:PXS ) Q3 2023 Earnings Conference Call November 20, 2023 8:30 AM ET Company 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 2023. As a reminder, today's call is being recorded.
Maroussi, Greece, November 16, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, today announced the following:
Last week, Pyxis Tankers closed on the previously-announced dry bulk shipping joint venture with its CEO and controlling shareholder Valentios "Eddie" Valentis. In addition, the company announced the sale of the 2015-built product tanker Pyxis Epsilon at a stellar price of $40.75 million, an approximately 15% premium to estimated market value. Pyxis Tankers has increased the pace of share buybacks since the end of the second quarter.
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.
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.
What type of business is Pyxis Tankers?
Pyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals. As of March 31, 2022, the company operated a fleet of five tankers. Pyxis Tankers Inc. was incorporated in 2015 and is based in Maroussi, Greece.
What sector is Pyxis Tankers in?
Pyxis Tankers is in the Energy sector
What industry is Pyxis Tankers in?
Pyxis Tankers is in the Oil & Gas Midstream industry
What country is Pyxis Tankers from?
Pyxis Tankers is headquartered in Greece
When did Pyxis Tankers go public?
Pyxis Tankers initial public offering (IPO) was on 04 November 2015
What is Pyxis Tankers website?
https://www.pyxistankers.com
Is Pyxis Tankers in the S&P 500?
No, Pyxis Tankers is not included in the S&P 500 index
Is Pyxis Tankers in the NASDAQ 100?
No, Pyxis Tankers is not included in the NASDAQ 100 index
Is Pyxis Tankers in the Dow Jones?
No, Pyxis Tankers is not included in the Dow Jones index
When does Pyxis Tankers report earnings?
The next expected earnings date for Pyxis Tankers is 31 July 2024