The massive beat and strong Q2 booking data (VLCC at $223,900/day vs Q1 fleetwide $93,600) suggest earnings momentum will continue. The $2.00 dividend provides a ~3.6% yield at current prices. Watch for analyst upgrades and potential guidance raises on the conference call.
Price Chart
Executive Summary
Okeanis Eco Tankers reported Q1 2026 EPS of $2.31 on revenue of $170.2M, significantly exceeding the $1.74 consensus estimate and more than doubling year-ago revenue of $80.1M. The company declared a $2.00 per share dividend and provided strong Q2 booking data with VLCC spot days booked at $223,900/day, suggesting continued momentum.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $170.2M vs $80.1M in Q1 2025 (+112.5% YoY)
- Q1 2026 EPS $2.31 vs $0.39 in Q1 2025 (+492% YoY)
- EPS of $2.31 beat consensus of $1.74 by 32.8%
- Q1 2026 profit $88.3M vs $12.6M in Q1 2025
- Declared dividend of $2.00 per share, payable June 5, 2026
- Q2 2026 to date: 46% of VLCC spot days booked at avg TCE $223,900/day; 60% of Suezmax spot days at $187,300/day
- Cash position $176.5M as of March 31, 2026, up from $122.5M at Dec 31, 2025
- Adjusted EPS $2.33 per share
Financial Impact
Revenue more than doubled YoY to $170.2M; EPS surged 492% to $2.31; Q2 booking data implies continued strong charter rates
Risk Factors
- Tanker rates are volatile and tied to global oil demand and geopolitical factors
- Q2 booking data is partial (46% VLCC, 60% Suezmax) and may not reflect full quarter
- Forward-looking statements subject to shipping industry cyclicality
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294455 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | Insider Cluster | $62.03 $65.04 | ▲ +4.85% | ▲ +5.05% | $92.91 (+49.78%) |
Aug 17, 2026 10w ago | 6-K | $62.03 $65.04 | ▼ −4.85% | ▼ −5.05% | $92.91 (−49.78%) |
Aug 13, 2026 10w ago | 6-K | $63.92 $64.10 | ▲ +0.28% | ▲ +2.25% | $92.91 (+45.35%) |
Aug 13, 2026 10w ago | Press Release | $63.92 $64.10 | ▲ +0.28% | ▲ +2.25% | $92.91 (+45.35%) |
Aug 4, 2026 12w ago | Press Release | $55.56 $57.63 | ▲ +3.73% | ▲ +3.38% | $92.91 (+67.23%) |
Jul 30, 2026 12w ago | 6-K | $59.86 $63.78 | ▲ +6.55% | ▲ +2.93% | $92.91 (+55.21%) |
May 27, 2026 21w ago | 6-K | $46.92 $43.67 | ▼ −6.92% | ▼ −7.42% | $92.91 (+98.03%) |
May 27, 2026 21w ago | Press Release | $46.92 $43.67 | ▼ −6.92% | ▼ −7.42% | $92.91 (+98.03%) |
May 13, 2026 23w ago | 6-K | $54.59 $55.98 | ▲ +2.55% | ▲ +3.26% | $92.91 (+70.20%) |
May 13, 2026 23w ago | Press Release | $54.59 $55.98 | ▲ +2.55% | ▲ +3.26% | $92.91 (+70.20%) |
US Market Status
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