Core Viewpoint - Robin Energy Ltd. provides a commercial update on its vessel employment across LPG and tanker segments, highlighting strong charter contracts and improved market conditions for its fleet [1]. LPG Segment - The M/T Dream Terrax, a 2020-built LPG carrier, is under a time charter at a gross monthly rate of $345,000 until February 2026, increasing to $353,000 until January 2027, ensuring steady cash flow for 2026 [2]. - The M/T Dream Syrax, a 2015-built LPG carrier, operates under a time charter at a gross monthly rate of $353,000 until March 2026, contributing to contracted revenue exceeding $5.5 million, covering 59% of ownership days for 2026 [3]. Tanker Segment - The M/T Wonder Mimosa, a 2006-built Handysize tanker, has shown strong performance in a commercial pool, with a gross daily rate of $19,442 in November 2025, a 19% increase from October [4]. - The gross daily rates for the tanker segment have shown a positive trend: $14,871 in September 2025, $16,349 in October 2025, and $19,442 in November 2025, indicating the company's ability to leverage favorable market conditions [5]. Company Overview - Robin Energy Ltd. is an international ship-owning company specializing in energy transportation services, operating a fleet of two LPG carriers and one Handysize tanker [6].

Financial Performance - Revenues reached $42.0 million in Q1 2025, compared to $41.6 million in Q1 2024[6] - Adjusted Net Income was $16.1 million in Q1 2025, down from $19.1 million in Q1 2024[6] - Adjusted EPS was $0.44 in Q1 2025, compared to $0.53 in Q1 2024[6] - Net Revenues decreased by 4.6% year-over-year to $36.9 million due to increased voyage costs[19] - Net income decreased by 20% year-over-year to $14.1 million[19] Fleet and Operations - Debt was further reduced by $54 million during 2025[6] - 70% of revenue stream is fixed for the remainder of 2025, with over $165 million in contracted revenues for subsequent periods (excluding JV vessels)[6,10] - The company spent $1.8 million in share repurchases since March, bringing the total to $21.2 million since 2023[6] - The company maintains period coverage for 2025 to 70% and secured close to $70 million in revenues for remainder of the year[10] Joint Ventures - StealthGas received $2.6 million in dividends from both JVs in Q1 2025[18] - The two JV structures combined had cash and cash equivalents of approximately $11 million in Q1 2025[17] Market Trends - Global LPG exports continue to grow steadily, with a 4.4% increase in FY2024[31] - US exports continue to trend higher with an 8% year-over-year increase in Q1 2025[31] - Approximately 30% of the small LPG fleet is over 20 years of age[35]