Quarterly ResultMay 13, 2026, 04:17 PM
Okeanis Eco Tankers Q1 Profit $88.3M, EPS $2.31; Declares $2.00 Dividend
AI Summary
Okeanis Eco Tankers Corp. reported strong unaudited financial results for the first quarter of 2026, with revenues more than doubling to $170.2 million and profit surging to $88.3 million compared to Q1 2025. Earnings per share also saw a substantial increase to $2.31. Reflecting this robust performance, the company's board of directors declared a dividend of $2.00 per common share for Q1 2026. The company also highlighted strong Time Charter Equivalent (TCE) rates and positive bookings for Q2 2026.
Key Highlights
- Q1 2026 Profit was $88.3 million, a significant increase from $12.6 million in Q1 2025.
- Q1 2026 Revenues reached $170.2 million, up from $80.1 million in Q1 2025.
- Q1 2026 Earnings per share (EPS) were $2.31, compared to $0.39 in Q1 2025.
- The Board of Directors declared a Q1 2026 dividend of $2.00 per common share.
- Cash, including restricted cash, stood at $176.5 million as of March 31, 2026.
- Fleetwide daily Time Charter Equivalent (TCE) rate was $93,600 per available spot day in Q1 2026.
- For Q2 2026 to date, 46% of VLCC spot days are booked at $223,900/day, and 60% of Suezmax at $187,300/day.