LIMASSOL, Cyprus, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, today announces that its board of directors has determined to effect a one-for-five (1-for-5) reverse stock split of the Company’s common shares, par value $0.001 per share. The reverse stock split will take effect at 11:59 pm Eastern Time on December 23, 2025, and the Company’s common shares will begin ...

LIMASSOL, Cyprus, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, today announces that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $1.0 million of the Company’s common shares. Shares may be purchased in open market or privately negotiated transactions, at times and p ...

LIMASSOL, Cyprus, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, provides a commercial update on vessel employment across LPG and tanker segments. LPG segment – both vessels on attractive multi-period charters: The M/T Dream Terrax, a 2020 built, 5,000 cbm Japanese-built LPG carrier, operates under a time charter contract with a reputable counterparty at a gross mont ...

Core Insights - TEN, Ltd reported gross revenues of $577 million and net income of $103 million for the first nine months of 2025, translating to $2.75 per share [2][3] - The company declared a dividend of $1.00 per common share, following a previous payment of $0.60 in July 2025 [2][12] - Fleet utilization improved to 96.2% in the first nine months of 2025, up from 92.2% in the same period of 2024, driven by better fleet employment [4][28] Financial Performance - Gross revenues for Q3 2025 reached $186.2 million, with operating income of $60.5 million after accounting for gains from vessel sales [7][27] - Net income for Q3 2025 increased to $38.3 million, or $1.05 per share, compared to $26.5 million and $0.67 per share in Q3 2024 [7][27] - Adjusted EBITDA for the first nine months of 2025 was $289 million, while Q3 2025 adjusted EBITDA stood at $95.6 million [3][8] Operational Metrics - Average Time Charter Equivalent (TCE) per vessel per day was $30,703 for the first nine months of 2025, with Q3 2025 TCE at $30,601 [4][8] - Total operating expenses per vessel per day were $9,797 for the first nine months of 2025, and $9,904 for Q3 2025 [4][8] - The fleet's average age at the end of the period was 10.1 years, with a total of 62 vessels in operation [28][20] Corporate Strategy and Developments - TEN is pursuing long-term contracts with oil majors, capitalizing on rising global oil demand and geopolitical tensions that have strengthened freight rates [14][15] - The company has a newbuilding program with 20 vessels under construction, including three VLCCs, to enhance its fleet [2][16] - Recent deliveries include the eco scrubber suezmax tanker Silia T, which entered a minimum three-year employment contract with a major US oil company [10][11] Cash Position and Debt - As of September 30, 2025, TEN's cash position was $264.3 million, following significant principal payments and capitalized expenses [6][28] - Total debt obligations at the end of the nine-month period were $1.9 billion, with interest and finance costs reduced by $15 million compared to the previous year [5][28]

LIMASSOL, Cyprus, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE), (“Robin” or the “Company”), an international ship-owning company providing energy transportation services globally, announces that the Company’s financial results for the three and nine months ended September 30, 2025, were filed with the U.S. Securities and Exchange Commission (the “SEC”). About Robin Energy Ltd. Robin Energy Ltd. is an international ship-owning company providing energy transportation services globally. ...

Core Viewpoint - Robin Energy Ltd. has announced a securities purchase agreement to raise approximately $7.0 million through the sale of 6,540,000 common shares at an offering price of $1.07 per share [1][2]. Group 1: Offering Details - The offering is being conducted with a single institutional investor and is expected to close on or about October 27, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for the offering [2]. - The proceeds from the offering will be used for working capital and general corporate purposes [2]. Group 2: Regulatory Information - The offering is made pursuant to an effective shelf registration statement on Form F-3, which was declared effective by the U.S. Securities and Exchange Commission on April 28, 2025 [3]. - A prospectus supplement related to the securities will be filed with the SEC, and copies will be available on the SEC's website [3]. Group 3: Company Overview - Robin Energy Ltd. is an international ship-owning company that provides energy transportation services globally, operating a fleet that includes two LPG carriers and one Handysize tanker vessel [5].

Core Insights - Robin Energy Ltd. reported its financial results for the second quarter and the first half of 2025, highlighting significant growth in revenues and net income compared to the same periods in 2024 [1][2][4]. Financial Performance - Total vessel revenues for Q2 2025 reached $2.0 million, a 33.3% increase from $1.5 million in Q2 2024 [6]. - Net income for Q2 2025 was $0.5 million, reflecting a 150.0% increase from $0.2 million in Q2 2024 [6]. - Earnings per common share for Q2 2025 were $0.15, up from $0.08 in Q2 2024 [6]. - EBITDA for Q2 2025 was $0.7 million, compared to $0.4 million in Q2 2024 [6]. - For the first half of 2025, total vessel revenues were $3.6 million, down from $4.0 million in the same period of 2024 [6]. - Net income for the first half of 2025 was $0.4 million, down from $1.4 million in the first half of 2024 [6]. - Earnings per common share for the first half of 2025 were $0.13, compared to $0.57 in the first half of 2024 [6]. - EBITDA for the first half of 2025 was $1.0 million, down from $1.9 million in the first half of 2024 [6]. Operational Highlights - The company operated an average of 1.0 vessel in Q2 2025, with a Daily TCE Rate of $20,054, compared to $21,964 in Q2 2024 [24][30]. - Available Days for the tanker vessel increased to 91 days in Q2 2025 from 65 days in Q2 2024, contributing to the revenue growth [5][30]. - The company maintained a debt-free balance sheet and had cash reserves of $39.4 million as of June 30, 2025, a significant increase from $0.01 million at the end of 2024 [6][19]. Strategic Developments - The company completed a spin-off from Toro Corp. on April 14, 2025, and began trading on Nasdaq under the symbol "RBNE" on April 15, 2025 [6][12]. - Management adopted a Bitcoin treasury strategy, allocating $5 million to Bitcoin as a primary treasury reserve asset [20]. - The company acquired two LPG vessels, effectively tripling its fleet size [4][21][22]. Recent Equity Offerings - In June 2025, the company completed four registered direct equity offerings, raising approximately $17.2 million by issuing 3.6 million common shares [6][13][14][15][16]. - On September 12, 2025, the company conducted a public offering, raising approximately $8.6 million [17].

Group 1 - Robin Energy Ltd. announced the closing of its underwritten public offering of 5,769,230 shares at a price of $1.30 per share, raising approximately $8.6 million in gross proceeds [1][2] - The underwriter, Maxim Group LLC, partially exercised its overallotment option, purchasing an additional 864,770 shares for about $1.1 million in gross proceeds [1][2] - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Group 2 - The offering was conducted under an effective shelf registration statement filed with the SEC on April 24, 2025, and declared effective on April 28, 2025 [3] - A final prospectus supplement and accompanying prospectus have been filed with the SEC and are available on their website [3] Group 3 - Robin Energy is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker and one LPG carrier [5]

Core Points - Toro Corp. held its 2025 Annual General Meeting of Shareholders on September 12, 2025, in Limassol, Cyprus [1] - The meeting resulted in the re-election of Mr. Angelos Rounick Platanias as Class B Director until the 2028 Annual General Meeting [3] - Deloitte Certified Public Accountants S.A. was appointed as the independent auditors for the fiscal year of 2025 [3] Company Overview - Toro Corp. is a global energy transportation services provider with a modern fleet of oceangoing vessels [2] - The company owns three LPG carriers and one MR tanker vessel, which transport petrochemical gases and refined petroleum products worldwide [2]

Group 1 - Robin Energy Ltd. announced a public offering of 5,769,230 shares at a price of $1.30 per share, expecting gross proceeds of approximately $7.5 million before expenses [1][2] - The offering is set to close on or about September 12, 2025, subject to customary closing conditions [1] - Maxim Group LLC is the sole book-running manager for the offering, and the net proceeds will be used for working capital and general corporate purposes [2] Group 2 - The offering is made under an effective shelf registration statement filed with the SEC on April 24, 2025, and declared effective on April 28, 2025 [3] - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC and are available on their website [3] Group 3 - Robin Energy is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker and one LPG carrier [5]