Pyxis Tankers Inc. (PXS) Earnings
Pyxis Tankers Inc. is expected to report next earnings on August 25, 2026 (in NaN days), with a consensus EPS estimate of $0.20. PXS has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise -78.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 18, 2026 | $0.17 | $0.23 | +35.3% | $10M | +0.6% |
| Mar 5, 2026 | $0.19 | $0.20 | +5.3% | $11M | -9.9% |
| Nov 20, 2025 | $0.17 | $0.11 | -35.3% | $10M | -13.5% |
| Aug 8, 2025 | $0.09 | $-0.19 | -320.4% | $9M | -8.5% |
| May 21, 2025 | $0.13 | $0.07 | -46.2% | $10M | -9.7% |
| Mar 13, 2025 | $0.11 | $0.03 | -72.7% | $12M | +21.3% |
| Nov 26, 2024 | $0.45 | $0.31 | -31.1% | $14M | +31.4% |
| Apr 15, 2024 | $0.32 | $1.76 | +450.0% | $12M | -10.9% |
| Mar 14, 2024 | $0.25 | $0.53 | +112.0% | $13M | +47.2% |
| Nov 20, 2023 | $0.19 | $0.26 | +36.8% | $11M | +23.3% |
| May 15, 2023 | $0.64 | $0.71 | +10.9% | $12M | -36.8% |
| Mar 16, 2023 | $0.46 | $0.53 | +15.2% | $18M | +14.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2024 · November 22, 2024
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Market environment: Global seaborne trade is disrupted by Russia-Ukraine war and Middle East conflict, but global economic activity is resilient, inflationary pressures are easing, and interest rate cuts are anticipated. - Financial performance: Q3 2024 consolidated TCE revenues $11.7 million, up over 25% y-o-y; net income $3.5 million or $0.54 basic EPS; adjusted EBITDA $6.7 million. - Fleet expansion: Entered Q3 with a fleet of six modern midsized Eco vessels after acquiring Camtamax in late June. - Product tanker segment: Chartering environment strong until late Q3, Q4 69% of days booked at $24,630 per day. - Dry bulk segment: Supply-demand fundamentals balanced for remainder of 2024 and 2025, Q4 65% of days booked at $13,190 per day.
Guidance
- Q4 2024 product tanker available days: 69% booked at average estimated TCE $24,630 per day (about $5,000 lower than Q3). - Q4 2024 dry bulk available days: 65% booked at average estimated TCE $13,190 per day (almost 5% lower than Q3). - Committed to pursuing value-enhancing accretive investment opportunities, strengthening balance sheet by amortizing debt and repurchasing shares.
Segment performance
In the quarter ended September 30, 2024, Pyxus Tankers generated consolidated time charter equivalent revenues (TCE) of $11.7 million, marking an increase of over 25% from the same period in 2023. The daily TCE for the fleet in Q3 2024 was approximately $22,000, with MR2 product tankers averaging almost $30,000 per day, while midsized bulkers earned slightly less than $14,000 per day. For the product tanker segment, in Q4 2024, 69% of available days were booked at an average estimated TCE rate of $24,630 per day. For the dry bulk segment, as of November 20, three modern bulk carriers were booked for 65% of available days in Q4 at an average estimated TCE of $13,190 per day.
Risks & headwinds
- Market conditions highly dynamic and significantly influenced by macroeconomic and geopolitical events beyond control. - Product tanker trade dislocation persists with moderating demand growth, and potential expansion of tariffs may lead to market dislocation and volatility. - Dry bulk sector's supply-demand is moderately correlated with global GDP growth, and uncertainties exist.