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Ocean Yield (OCY) investor relations material
Ocean Yield Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported stable Q2 2026 performance with adjusted EBITDA of USD 80.5 million and net profit of USD 25.0 million.
Maintained a robust balance sheet with an equity ratio of 29.7% and available liquidity of USD 281.9 million.
A.P. Moller Holding agreed to acquire 100% of the company, with closing expected around August 21, 2026; no changes to strategy or management anticipated.
Delivery of two new LR1 product tankers on long-term charters and sale of two vessels completed.
Financial highlights
Adjusted EBITDA for Q2 2026 was USD 80.5 million, compared to USD 82.3 million in Q1 2026.
Net profit for Q2 2026 was USD 25.0 million, up from USD 21.9 million in Q1 2026.
Revenues and other income were USD 56.3 million, up from USD 53.6 million in Q1 2026.
Operating profit for Q2 2026 was USD 41.8 million, nearly flat compared to Q1 2026.
No dividend declared for Q2 2026.
Outlook and guidance
Long-term stable and predictable cash flows expected due to sector and client diversification.
EBITDA charter backlog at end of Q2 2026 was USD 4.9 billion, with an average contract duration of 11.1 years.
Access to capital remains strong in both private and public debt markets.
No significant changes anticipated in business strategy or operations under new ownership.
Focus remains on developing partnerships and strategic investments with industry-leading partners.
- Strong Q1 2026 results, expanded LNG fleet, and USD 5.0bn charter backlog.OCY
Q1 2026 - Strong Q4 and full-year results driven by LNG fleet growth, high charter backlog, and stable cash flows.OCY
Q4 2025 - Record Q3 2025 results with LNG growth, strong liquidity, and a USD 4.3bn charter backlog.OCY
Q3 2025 - Strong Q2 with USD 101.1m EBITDA, 65-vessel fleet, and USD 30m equity injection for growth.OCY
Q2 2025 - Q3 profit USD 23.2M, strong liquidity, and LNG investment boost USD 4.5B charter backlog.OCY
Q3 2024 - Q2 profit hit USD 24.3M, LNG fleet expanded, and liquidity and earnings visibility strengthened.OCY
Q2 2024 - Record EBITDA, major LNG investments, and strong liquidity drive robust year-end results.OCY
Q4 2024 - Q1 2025 adjusted EBITDA USD 91.6M, net profit USD 18.3M, and strong liquidity.OCY
Q1 2025
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