Norway · Delayed Price · Currency is NOK Okeanis Eco Tankers Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 results with adjusted EBITDA of $110M and EPS of $2.33, driven by strong market fundamentals and geopolitical disruptions. Q2 earnings are set to surpass any previous annual performance, with high dividend payouts and continued commercial outperformance versus peers.
Fiscal Year 2025
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Q4 2025 saw record TCE rates, strong earnings, and robust dividends, supported by accretive vessel acquisitions and a tight market. Sinokor's VLCC consolidation and the return of Venezuelan barrels are driving structural market shifts, with a bullish outlook for Q1 2026.
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Q3 2025 saw strong financial results with high TCE rates, robust earnings, and a 100% EPS dividend payout. The outlook for Q4 is highly positive, with most spot days fixed at elevated rates and continued market outperformance expected.
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Q2 2025 saw strong TCE rates, high utilization, and robust earnings, with continued dividend distributions and improved capital structure through refinancing. The outlook remains positive, supported by tight supply, OPEC production increases, and favorable market dynamics.
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Q1 2025 saw strong TCE rates, high utilization, and robust financials, with a young, eco-friendly fleet driving outperformance. Market fundamentals remain positive, with favorable outlook for rates and further upside expected in 2025.
Fiscal Year 2024
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Q4 2024 results showed strong full-year performance despite a softer quarter, with high TCE rates, robust dividend distributions, and significant outperformance versus peers. Market fundamentals remain favorable, with tight supply, rising demand, and expanded sanctions supporting a bullish outlook.
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Q3 2024 saw strong operational and financial performance, with significant outperformance versus peers and continued high shareholder distributions. Despite a weak market environment, the company remains well-positioned due to its young, efficient fleet and favorable supply dynamics.
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Q2 2024 saw strong financial and operational outperformance, with innovative VLCC conversions to clean trading and successful dry dock scheduling. Fleet-wide TCEs and capital returns remained high, while refinancing reduced debt costs and extended maturities.