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Okeanis Eco Tankers Corp. – Key Information relating to Q4 2025 dividend
Globenewswire· 2026-02-18 21:20
Core Viewpoint - Okeanis Eco Tankers Corp. has declared a dividend of USD 1.55 per common share, with specific payment details for shareholders registered in different exchanges [1][6]. Dividend Declaration - The dividend amount is set at USD 1.55 per common share, payable in NOK for shares registered in Euronext VPS [6]. - The Board approved the dividend on February 18, 2026 [6]. Payment and Ex-Dividend Dates - Last day including right on OSE is February 27, 2026, and on NYSE is March 2, 2026 [6]. - Ex-dividend date for OSE is March 2, 2026, and for NYSE is March 3, 2026 [6]. - Record date for both exchanges is March 3, 2026, with payment expected on March 10, 2026 [6]. Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products [4]. - The company operates a fleet of eight modern scrubber-fitted Suezmax tankers and eight VLCC tankers [4].
Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2025
Globenewswire· 2026-02-18 21:15
Financial Performance Summary - The company reported revenues of $126.9 million for Q4 2025, a significant increase from $85.2 million in Q4 2024, representing a growth of approximately 49% [6] - Profit for Q4 2025 was $59.5 million, compared to $13.2 million in Q4 2024, indicating a substantial increase of over 350% [6] - For the twelve-month period ending December 31, 2025, revenues were $391.5 million, slightly down from $393.2 million in 2024 [6] - The profit for the twelve months was $123.0 million, up from $108.9 million in 2024, reflecting an increase of about 13% [6] Operating Expenses and Earnings - Vessel operating expenses for Q4 2025 were $11.5 million, compared to $9.6 million in Q4 2024 [6] - Earnings per share for Q4 2025 were $1.76, a significant rise from $0.41 in Q4 2024 [6] - For the twelve-month period, earnings per share were $3.77, compared to $3.38 in 2024, marking an increase of approximately 12% [6] Dividend Declaration - The board of directors declared a dividend of $1.55 per common share, payable on March 10, 2026, to shareholders of record as of March 3, 2026 [4] - The common shares will trade ex-dividend on the NYSE from March 3, 2026, and on the Oslo Stock Exchange from March 2, 2026 [4] Alternative Performance Metrics - Time charter equivalent (TCE) revenue for Q4 2025 was reported at $92.9 million [6] - EBITDA and Adjusted EBITDA for Q4 2025 were $79.3 million and $79.0 million, respectively [6] - Adjusted profit for Q4 2025 was $59.9 million, with adjusted earnings per share of $1.78 [6] Fleet and Market Development - The fleetwide daily TCE rate was $76,700 per operating day in Q4 2025, with VLCC and Suezmax TCE rates at $92,000 and $53,100 per operating day, respectively [6] - As of Q1 2026, 67% of available VLCC spot days have been booked at an average TCE rate of $104,200 per day, and 64% of available Suezmax spot days at an average TCE rate of $84,600 per day [6]
Okeanis Eco Tankers Corp. – Invitation to Q4 2025 Results Webcast
Globenewswire· 2026-02-12 21:15
ATHENS, Greece, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited condensed financial results for the fourth quarter and twelve-month period ending December 31, 2025, after market close on the NYSE, on Wednesday, February 18, 2026, and a webcast will be held at 14:30 CET, on Thursday, February 19, 2026. Participants may access the webcast using the following link: https://events.q4inc.com/attendee/615422628 The presentation mater ...
U.S. Stock Market Navigates Mixed Open Amid Tech Weakness and Geopolitical Calm
Stock Market News· 2026-01-23 15:07
Market Overview - The U.S. stock market opened with mixed sentiment as investors reacted to corporate earnings and easing geopolitical tensions [1] - Major indices showed modest movements, with a notable rotation from mega-cap technology stocks towards small-cap companies [1] Major Market Indexes - The S&P 500 rose 0.05% to 6916 points, recovering from earlier losses, but is down 0.4% for the week [2] - The Dow Jones Industrial Average (DJIA) closed at 49,384.01 after a 0.6% increase, nearing the psychological 50,000 mark [3] - The Nasdaq Composite, after a 0.9% gain to close at 23,436.02, experienced a subdued open, indicating a shift in investor focus [4] Small-Cap Performance - Small-cap ETFs have led the market rally with year-to-date gains exceeding 7%, contrasting with the flat performance of mega-cap tech ETFs [4] - The Invesco S&P 500 Equal Weight ETF (RSP) climbed 3.3%, attracting significant fresh capital, signaling broader market recovery interest [4] Upcoming Earnings - The fourth-quarter 2025 earnings season is underway, with S&P 500 companies expected to report an earnings growth of 8.8% year-over-year, potentially reaching around 12% [6] - Key companies reporting today include Schlumberger Limited, Ericsson, and Capital One Financial, among others [6][7] Economic Indicators - Today's focus includes preliminary PMI data and final January Consumer Sentiment figures, with further insights expected next week [8] - The Personal Consumption Expenditures (PCE) index is projected to show a 0.2% month-over-month increase, with year-over-year readings at 2.8% [9] Corporate Developments - Intel shares fell 13% in premarket trading after a weaker-than-expected first-quarter outlook, despite surpassing fourth-quarter earnings estimates [14] - TikTok finalized a deal to avert a U.S. ban, involving a joint venture with Oracle and retaining a 19.9% stake for ByteDance [14] - Capital One Financial's shares declined after announcing the acquisition of fintech startup Brex for $5.15 billion while missing fourth-quarter earnings estimates [14] - Amazon is reportedly planning layoffs across various divisions, although its shares remained relatively unchanged [14] - Microsoft is noted for its sluggish performance, contributing to the drag on traditional market-cap-weighted indices, while Nvidia remains a focus for investors [14]
Netflix, Erasca, Kraft Heinz And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Bioage Labs (NASDAQ:BIOA), Corvus Pharma (NASDAQ:CRVS)
Benzinga· 2026-01-21 13:06
Group 1 - U.S. stock futures showed mixed results, with Dow futures declining approximately 0.1% [1] - Netflix reported fourth-quarter financial results that exceeded expectations but provided first-quarter guidance that fell short of estimates, leading to a significant drop in its stock price [2] - Netflix anticipates first-quarter revenue of $12.16 billion, slightly below the consensus estimate of $12.19 billion, and expects earnings per share of 76 cents, which is below the consensus estimate of 81 cents [2] Group 2 - Erasca Inc shares fell 6.2% to $9.20 following the announcement of a proposed public offering of $150 million [3] - Telix Pharmaceuticals experienced a 5.8% decline to $7.28, despite an analyst maintaining a Buy rating with a $20 price target [3] - Corvus Pharmaceuticals saw a 5.6% drop to $20.22 after commencing a $150 million offering of common shares and pre-funded warrants [3] - BIOAGE Labs Inc shares decreased by 5.6% to $20.13 after announcing a $75 million stock offering [3] - Kraft Heinz Co shares fell 5.3% to $22.51 after Berkshire Hathaway filed to sell up to 325 million shares of the company [3] - NovaBay Pharmaceuticals Inc shares dropped 5.2% to $6.16, following a 56% decline on Tuesday due to a $100 million ATM equity program announcement [3] - Okeanis Eco Tankers Corp shares decreased by 4.8% to $37.00 in pre-market trading [3]
Okeanis Eco Tankers Corp. – Completion and pricing of USD 130 million offering of new common shares
Globenewswire· 2026-01-21 12:02
Core Viewpoint - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,611,111 new shares at USD 36.00 per share, raising approximately USD 130 million for vessel acquisitions and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 3,611,111 new shares priced at USD 36.00 each, raising gross proceeds of about USD 130 million [1]. - The net proceeds will be partially used for acquiring two newbuilding Suezmax vessels, each priced at USD 99.3 million, currently under construction [2]. - The vessels are expected to be delivered in the second quarter of 2026, contingent upon obtaining necessary debt financing [2]. Group 2: Allocation and Trading - Notification of allocation is expected on January 21, 2026, around 13:00 CET [3]. - The offering is anticipated to be completed by January 23, 2026, with shares available for trading on the New York Stock Exchange post-settlement [4]. Group 3: Compliance and Registration - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [5]. - It is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025 [6]. Group 4: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company providing seaborne transportation of crude oil and refined products, incorporated in 2018 and listed on both the Oslo Stock Exchange and the New York Stock Exchange [12].
Okeanis Eco Tankers Corp. – Commercial Update
Globenewswire· 2026-01-20 21:15
Core Viewpoint - Okeanis Eco Tankers Corp. provides a commercial update on its fleet's Daily Time Charter Equivalent Rate (Daily TCE Rate), highlighting recent vessel deliveries and anticipated revenue performance for Q4 2025 and Q1 2026 [1][2][4]. Fleet and Vessel Updates - The company successfully delivered two new Suezmax vessels, Nissos Piperi and Nissos Serifopoula, on January 8 and January 14, 2026, respectively [2]. - The fleet consists of eight modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [8]. Daily TCE Rate Insights - For Q4 2025, the anticipated fleetwide Daily TCE Rate is approximately $75,400 per operating day, with 26% of available fleetwide spot days booked at an average Daily TCE Rate of $106,700 in Q1 2026 [4]. - The anticipated Daily TCE Rate for VLCC vessels in Q4 2025 is approximately $91,300, with 37% of available VLCC spot days booked at an average Daily TCE Rate of $110,100 in Q1 2026 [4]. - For Suezmax vessels, the anticipated Daily TCE Rate for Q4 2025 is approximately $50,800, with 16% of available Suezmax spot days booked at an average Daily TCE Rate of $98,500 in Q1 2026 [4]. Financial Performance Metrics - The calculation of Daily TCE Rate involves dividing revenues (time charter and/or voyage charter revenues) by the number of operating days, which are defined as calendar days minus off-hire days [3][5]. - For Q4 2025, the company reported revenues of $124.03 million, voyage expenses of $31.45 million, and commissions of $1.25 million, resulting in a time charter equivalent revenue of $91.33 million [7]. Reporting and Future Announcements - The company plans to announce its financial results for Q4 2025 on February 18, 2026, with results subject to approval by the Board of Directors [7].
Frontline: How Fleet Renewal, Venezuela Oil, And A 17% Yield Could Drive Returns (Rating Upgrade)
Seeking Alpha· 2026-01-14 13:50
Group 1 - The company Frontline (FRO) was previously analyzed and deemed overvalued compared to Okeanis (ECO) which is preferred [1] - The analyst has a diverse professional background across various industries including logistics, construction, and retail, providing a broad perspective on investment opportunities [1] - The investment strategy focuses on cyclical industries, aiming for significant returns during economic recovery while maintaining a diversified portfolio that includes bonds, commodities, and forex [1] Group 2 - The analyst holds a beneficial long position in ECO shares through stock ownership or derivatives [2]
Eco (Atlantic) Oil and Gas Ltd. Announces Guyana Licence Update
Accessnewswire· 2026-01-14 07:20
Core Viewpoint - Eco (Atlantic) Oil & Gas Ltd. is providing an update on its offshore position in Guyana, indicating ongoing developments in its exploration activities in the region [1]. Company Update - The company is focused on oil and gas exploration specifically in the offshore Atlantic Margins, highlighting its strategic positioning in a resource-rich area [1].
Eco (Atlantic) Oil and Gas Ltd. Announces Executives and Broker Appointment
Accessnewswire· 2026-01-06 07:00
Group 1 - Eco (Atlantic) Oil & Gas Ltd. has appointed Canaccord Genuity Limited as Joint Broker with immediate effect [1]