Quarterly ResultAug 4, 2026, 04:40 PM
Okeanis Eco Tankers Q2 Profit $230.3M; EPS $5.90; Dividend $5.25
AI Summary
Okeanis Eco Tankers Corp. reported strong unaudited financial results for Q2 2026, with revenues increasing to $318.9 million and profit reaching $230.3 million, significantly higher than the previous year. Earnings per share also saw a substantial rise to $5.90. The company's board declared a dividend of $5.25 per common share and highlighted robust fleetwide daily TCE rates. Additionally, OET secured new financing facilities for vessel repurchases and the acquisition of two new Suezmax vessels.
Key Highlights
- Q2 2026 Revenues surged to $318.9 million, up from $93.9 million in Q2 2025.
- Q2 2026 Profit reached $230.3 million, significantly higher than $26.9 million in Q2 2025.
- Q2 2026 Earnings per share were $5.90, compared to $0.84 in Q2 2025.
- Cash (including restricted cash) stood at $247.8 million as of June 30, 2026, up from $122.5 million.
- Board declared a dividend of $5.25 per common share for Q2 2026.
- Fleetwide daily TCE rate was $181,200 per operating day in Q2 2026, up 210% YoY.
- Secured $50.0 million facility for Nissos Rhenia repurchase and $50.0 million for Nissos Despotiko.
- Entered into a $90.0 million facility for two new Suezmax vessels, Nissos Tigani and Nissos Vous.
Price Impact
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