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 Q4 2020

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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, November 20, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, today announced the following:

Pyxis Tankers Announces Date for the Release of the Third Quarter 2024 Results and Related Conference Call & Webcast

Maroussi, Greece, October 21, 2024 – PRISM MediaWire – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.

Pyxis Tankers to Present at the 2024 ThinkEquity Conference

Maroussi, Greece – September 11, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, announced today key shareholder and chartering updates.

Pyxis Tankers Announces Full Redemption of Series A Convertible Preferred Stock and Updates on Common Share Repurchase Program & Chartering Activity

Pyxis Tankers Inc. (NASDAQ:PXS ) Q2 2024 Earnings Conference Call August 12, 2024 8:30 AM ET Company Participants Eddie Valentis - Chairman, 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 second quarter 2024. I must advise you that the conference call is being recorded.

Pyxis Tankers (PXS) Q2 2024 Earnings Call Transcript

Maroussi, Greece, August 12, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, today announced unaudited results for the three and six month periods ended June 30, 2024.

Pyxis Tankers Announces Financial Results for the Three Months Ended June 30, 2024

Maroussi, Greece – June 28, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company”), an international shipping company, announced today that it has closed its previously announced dry bulk vessel joint venture with an entity related to its Chairman and Chief Executive Officer, that was newly formed to acquire, own and operate, the “Konkar Venture”, a 2015 built 82,099 dwt Kamsarmax carrier. The Company invested $7.3 million in cash and will issue 267,857 restricted common shares for a 60% ownership interest in the joint venture.  The Konkar Venture, which is a sister ship to the Company's eco-efficient “Konkar Asteri”, is continuing its employment under the existing time charter through mid-August, 2024 at a gross daily rate of $18,000.  After the acquisition of the vessel, including payment of transaction fees and expenses and application of vessel working capital, the Company's consolidated total cash is estimated to be approximately $43.0 million, inclusive of restricted cash of $2.2 million, with total funded debt of approximately $89.0 million.

Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Joint Venture

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: Plenty Of Share Price Appreciation Potential - Buy

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.

Pyxis Tankers Inc. (PXS) Q1 2024 Earnings Call Transcript

Maroussi, Greece – May 21, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, announced today key strategic and financial actions to further enhance its shareholder value.

Pyxis Tankers Announces Joint Venture Agreement to Acquire Modern Dry-Bulk Vessel, Expansion of Common Share Repurchase Program & Partial Redemption of Series A Cumulative Convertible Preferred Stock

Maroussi, Greece, May 21, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, today announced unaudited results for the three months ended March 31, 2024.

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2024

Maroussi, Greece, May 17, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, today announced the following:

Pyxis Tankers Announces Date for the Release of the First Quarter 2024 Results and Related Conference Call & Webcast

Maroussi, Greece – April 17, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 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, 2023

Pyxis Tankers Inc. (PXS) Q4 2023 Earnings Call Transcript

Maroussi, Greece, March 14, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an international shipping company, today announced unaudited results for the three months and year ended December 31, 2023.

Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2023

Pyxis Tankers is an obscure shipping company with a $46.17 million market cap and owns three product tankers and two bulk carriers. The company has a healthy balance sheet with $31 million cash and $69 million long-term debt. The company generates adequate cash flows to cover its interest expenses and preferred share dividends. PXS trades at 1.88 EV/Sales, 3.92 EV/EBITDA, and 45% P/NAV. PXS preferred units deliver 7.94% yield.

Pyxis Tankers: Bet On A Strong MR Product Tankers Market

Pyxis Tankers Announces Closing of the Sale of 2015 Built Tanker Maroussi, Greece, December 18, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international shipping company, today reported that on December 15, 2023, the Company closed on its previously announced sale of the Pyxis Epsilon, a 2015 built 50,295 dwt MR product tanker. After repayment of a loan secured by the vessel and associated transaction costs, the Company received approximately $26.8 million in net cash proceeds.

Pyxis Tankers Announces Closing of the Sale of 2015 Built Tanker

Maroussi, Greece – November 28, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase an 82,013 dwt dry bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding. The eco-efficient Kamsarmax, fitted with a ballast water treatment system and scrubber, has a purchase price of $26.625 million which 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 by February, 2024.

Pyxis Tankers Announces Agreement to Acquire Modern Dry Bulk Vessel

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.

Pyxis Tankers Inc. (PXS) Q3 2023 Earnings Call Transcript

Maroussi, Greece, November 20, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international shipping company, today announced its unaudited results for the three and nine month periods ended September 30, 2023.

Pyxis Tankers Announces Financial Results for the Three Months Ended September 30, 2023

Maroussi, Greece, November 16, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, today announced the following:

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

Maroussi, Greece--(Newsfile Corp. - October 5, 2023) - Pyxis Tankers Inc. (NASDAQ: PXS) (NASDAQ: PXSAP), an international shipping company, will be participating in The ThinkEquity Conference, which will take place on October 19, 2023 at The Mandarin Oriental Hotel in New York. Henry Williams, CFO, will be presenting at 8:30am ET on October 19th.

Pyxis Tankers Inc. to Present at The ThinkEquity Conference

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: Change In Strategic Direction Unlikely To Impress Investors

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.

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