Pyxis Tankers FY26 Q2 returns to profit of USD 2.8 million; revenue rises 32.6% to USD 12.1 million
PXS•Q3 coverage and liquidity
As of Aug. 31, the fleet was 87% fixed for Q3 days at an estimated USD 22,250 per day; total liquidity was about USD 103 million.
Profitability and operating metrics improve
Adjusted EBITDA (non-GAAP) climbed to USD 6.5 million, up USD 5.3 million from the prior-year quarter.
Fleetwide daily TCE increased about 24% year over year; MR utilization was 100% and dry-bulk utilization improved 6.1 percentage points to 99.3%.
Q2 results return to profit as revenue rises
Pyxis Tankers posted Q2 net income attributable to common shareholders of USD 2.8 million, returning to profit from a year-ago loss.
Revenue rose 32.6% to USD 12.1 million, driven by higher dry-bulk charter rates and utilization plus higher MR charter rates.
