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C3is records $24 million revenue with continued momentum
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C3is records $24 million revenue with continued momentum

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  • C3is reported Q2 2026 voyage revenue of $24 million, up from $10.7 million a year earlier.
  • Net income reached $10 million, compared with a $5.3 million loss in Q2 2025.
  • The company expanded its product tanker fleet through a $39.8 million vessel acquisition agreement.

C3is (NASDAQ:CISS) reported second quarter 2026 voyage revenues of $24 million, up from $10.7 million in the prior-year period, as daily time charter equivalent rates increased to $40,260.

The results compared with Q2 2025, when the company reported a net loss of $5.3 million, while daily TCE increased 144.5% year over year and supported higher operating results.

The company reported Q2 net income of $10 million, adjusted net income of $9.8 million, and adjusted EBITDA of $11.8 million, while cash and time deposits increased to $33.2 million from $14.9 million at the end of 2025.

For the first six months of 2026, C3is reported voyage revenues of $35.6 million, compared with $19.4 million in the same period last year, with net income of $13.2 million and adjusted net income of $15.3 million.

The company agreed to acquire two product tankers for $39.8 million, with one vessel delivered on April 3, 2026, and the second delivered on August 6, 2026, expanding its product tanker exposure while maintaining a six-vessel unencumbered fleet.

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