PXS Pyxis Tankers Inc.
Price Chart
Executive Summary
Pyxis Tankers reported Q1 2026 EPS of $0.23, beating the $0.17 consensus by 35.3%, on revenue of $10.0M (vs $11.1M est, a 9.9% miss). Net income surged to $2.4M from $0.8M a year ago, driven by a 50.6% jump in dry-bulk TCE rates and lower interest costs. However, MR tanker TCE rates fell 19.7% YoY, and total revenue missed consensus, creating a mixed picture.
Actionable Insight
The EPS beat is overshadowed by a revenue miss and declining MR tanker rates, which together suggest mixed near-term momentum. Watch for Q2 2026 TCE fixture updates (MR fleet 100% booked at ~$21,850/day, dry-bulk 46% booked at ~$19,130/day) as a clearer signal on rate trajectory. The $2.1M buyback authorization provides a modest floor, but the stock's small cap and low liquidity amplify volatility.
Key Facts
- Q1 2026 EPS $0.23 vs consensus $0.17 (beat by 35.3%)
- Revenue $10.0M vs consensus $11.1M (miss by 9.9%)
- Net income attributable to common shareholders $2.4M vs $0.8M YoY
- MR tanker daily TCE rate fell 19.7% YoY to $18,944
- Dry-bulk daily TCE rate rose 50.6% YoY to $19,601
- Adjusted EBITDA $5.4M vs $3.5M YoY, up 53%
- Cash + short-term investments $55.7M as of March 31, 2026
- Share repurchases of $0.59M in Q1 2026; $2.1M remaining under buyback program
- Board member Basil Mavroleon resigned effective May 18, 2026 for personal reasons
Financial Impact
EPS beat by $0.06 (35.3%) but revenue missed by $1.1M (9.9%); net income tripled YoY to $2.4M
Risk Factors
- MR tanker TCE rates declined 19.7% YoY, signaling softer product tanker market
- Revenue missed consensus by 9.9%, raising concerns about top-line visibility
- Geopolitical risks in the Middle East could disrupt operations (Pyxis Karteria in Persian Gulf)
- Dry-bulk fleet has only 46% of Q2 days booked, leaving significant spot exposure
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3297006 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 26, 2026
18d ago
|
6-K
| $4.75 $4.24 | ▼ −10.74% | ▼ −11.95% | $4.62 (−2.74%) |
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May 18, 2026
25d ago
|
Press Release
| $4.49 $4.79 | ▲ +6.68% | ▲ +4.43% | $4.62 (+2.90%) |
|
Apr 24, 2026
7w ago
|
6-K
| $4.54 $4.63 | ▲ +1.98% | ▲ +1.58% | $4.62 (+1.76%) |
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Apr 24, 2026
7w ago
|
Press Release
| $4.54 $4.63 | ▲ +1.98% | ▲ +1.58% | $4.62 (+1.76%) |
|
Apr 10, 2026
9w ago
|
6-K
| $4.45 $4.44 | ▼ −0.22% | ▼ −4.73% | $4.62 (+3.82%) |
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Apr 1, 2026
10w ago
|
Press Release
| $4.40 $4.45 | ▲ +1.14% | ▼ −2.48% | $4.62 (+5.00%) |
|
Apr 1, 2026
10w ago
|
20-F
| $4.40 $4.45 | ▼ −1.14% | ▲ +2.48% | $4.62 (−5.00%) |
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Mar 5, 2026
14w ago
|
Press Release
| $3.94 $3.88 | ▼ −1.52% | ▲ +0.71% | $4.62 (+17.26%) |
|
Mar 3, 2026
14w ago
|
Press Release
| $4.23 $3.89 | ▼ −8.04% | ▼ −6.70% | $4.62 (+9.22%) |
US Market Status
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