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Pyxis Tankers returns to profit in Q2 as net income hits $2.8M
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Pyxis Tankers returns to profit in Q2 as net income hits $2.8M

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  • Pyxis Tankers reported Q2 2026 revenue of $12.1 million, up 32.6% year over year, and returned to profitability.
  • Net income attributable to common shareholders reached $2.8 million compared with a $2 million loss a year earlier.
  • The company reported fleet TCE earnings of $21,075 per day and 87% of Q3 available days contracted.

Pyxis Tankers (NASDAQ:PXS) reported second quarter 2026 revenue of $12.1 million, up 32.6% year over year, with net income attributable to common shareholders of $2.8 million compared with a $2 million loss in the prior-year period.

The results reflected higher shipping earnings, with time charter equivalent revenue increasing 30.4% to $11.5 million as fleet performance improved across tanker and dry bulk operations.

For the second quarter, MR tanker TCE averaged $21,899 per day and dry bulk TCE averaged $20,245 per day, while total fleet TCE reached $21,075 per day and adjusted EBITDA increased to $6.5 million from $1.2 million.

Pyxis Tankers reported approximately $103 million in liquidity at quarter-end and said about 87% of available Q3 2026 fleet days were contracted at an estimated average TCE of approximately $22,250 per day.

Pyxis Tankers operates a fleet of maritime vessels focused on product tanker and dry bulk shipping markets.

For the first half of 2026, Pyxis Tankers reported revenue of $22.1 million, net income attributable to common shareholders of $5.2 million, and adjusted EBITDA of $11.9 million, compared with a $1.2 million loss and $4.7 million EBITDA in the prior-year period.

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