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.
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.
Key Financial Metrics
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
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3297006 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | Press Release | $8.19 $8.18 | ▼ −0.12% | ▲ +0.96% | $7.14 (−12.82%) |
Aug 31, 2026 8w ago | Press Release | $6.23 $6.45 | ▲ +3.53% | ▲ +3.09% | $7.14 (+14.61%) |
Aug 26, 2026 8w ago | Press Release | $5.40 $5.36 | ▼ −0.74% | ▼ −0.51% | $7.14 (+32.22%) |
Jun 29, 2026 17w ago | F-1/A | $4.18 $4.16 | ▼ −0.48% | ▼ −1.26% | $7.14 (+70.81%) |
May 26, 2026 22w ago | 6-K | $4.75 $4.73 | ▼ −0.42% | ▼ −0.43% | $7.14 (+50.32%) |
May 18, 2026 23w ago | Press Release | $4.49 $4.67 | ▲ +4.01% | ▲ +2.97% | $7.14 (+59.02%) |
Apr 24, 2026 26w ago | 6-K | $4.54 $4.36 | ▼ −3.96% | ▼ −3.48% | $7.14 (+57.27%) |
Apr 24, 2026 26w ago | Press Release | $4.54 $4.36 | ▼ −3.96% | ▼ −3.48% | $7.14 (+57.27%) |
Apr 10, 2026 28w ago | 6-K | $4.45 $4.60 | ▲ +3.37% | ▲ +2.40% | $7.14 (+60.45%) |
Apr 1, 2026 29w ago | Press Release | $4.40 $4.30 | ▼ −2.27% | ▼ −2.75% | $7.14 (+62.27%) |
US Market Status
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