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Visual21 Nov 2025
Data center suppliers
Pyxis Tankers (PXS) investor relations material
Pyxis Tankers Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Q3 2025 net revenues were $9.7M, net income $1.2M ($0.11 EPS), and adjusted EBITDA $4.2M, all down year-over-year due to weaker charter rates and lower TCE revenues.
Nine-month 2025 net revenues totaled $28.5M, with net income $(0.2)M and adjusted EBITDA $8.9M.
Sequential improvement in Q3 2025, with total fleet TCE of $17,643; MR2 tankers averaged $21,085/day, bulkers $13,513/day.
93% of MR available days and 78% of dry-bulk days for Q4 2025 are booked at strong TCE rates, all under short-term charters.
Fleet consists of three MR tankers and three dry-bulk vessels, all employed under short-term time charters.
Financial highlights
Q3 2025 net revenues: $9.7M (down from $13.8M in Q3 2024); TCE revenues: $8.9M (down 23.5% year-over-year).
Q3 2025 net income per share was $0.11, down from $0.34 in Q3 2024.
Adjusted EBITDA for Q3 2025 was $4.2M, down $2.5M from Q3 2024.
MR fleet utilization at 100% in Q3 2025; dry-bulk fleet utilization at 83.3%.
Cash and cash equivalents at September 30, 2025, totaled $28.9M, with total liquidity (including time deposits) at $44.3M.
Outlook and guidance
Q4 2025 bookings: 93% of MR days at $20,700/day, 78% of dry-bulk days at $17,150/day, all short-term.
Management expects firm chartering conditions for both product tankers and dry-bulk carriers in the near term, with modest global demand growth through 2026.
Well-positioned to acquire three modern eco-vessels using non-dilutive capital and a $45M bank loan commitment.
Planned debt refinancing in December 2025 to increase available cash by $10M for fleet expansion.
Near-term instability expected due to inflation, monetary policy, and geopolitical events.
What vessel types for 3 acquisitions by Jan 2027?
How will the $3M share repurchase be executed?
What is the new debt maturity for Pyxis Lamda/Theta?
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Next Pyxis Tankers earnings date
Q4 202513 Mar, 2026
Next Pyxis Tankers earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
Pyxis Tankers Inc. is a maritime transportation company specializing in the transport of refined petroleum products and other liquid bulk cargoes. The company operates a fleet of modern, eco-efficient tankers that primarily serve the global oil trade, transporting products such as gasoline, diesel, and jet fuel. Pyxis focuses on medium-range (MR) tankers, offering shipping solutions to a range of customers including oil majors, refiners, and commodity traders. The company is headquartered in Maroussi, Greece, and its shares are listed on the Nasdaq.
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