Research analysts who have asked questions during Okeanis Eco Tankers earnings calls.
Liam Burke
B. Riley Financial
5 questions for ECO
Also covers: ALTG, BWMN, CCEC +23 more
Climent Molins
Value Investors
4 questions for ECO
Also covers: CLCO, CMBT, CMRE +12 more
BN
Bendik Nyttingnes
Clarksons Securities AS
3 questions for ECO
Also covers: CLCO, GNK, SBLK +1 more
PH
Petter Haugen
ABG Sundal Collier
3 questions for ECO
Also covers: BWLP, CLCO, CMBT +4 more
EK
Even Kolsgaard
Clarksons Securities
2 questions for ECO
FD
Fredrik Dybwad
Fearnley Securities
2 questions for ECO
Also covers: GLNG
Omar Nokta
Jefferies
2 questions for ECO
Also covers: AMKBY, ASC, CCEC +21 more
CM
Clement Moulin
Value Investors Edge
1 question for ECO
Also covers: CMBT
FD
Frederick Dibwat
Firm News
1 question for ECO
FM
Frode Morkedal
Clarksons Securities AS
1 question for ECO
Also covers: CLCO, CMBT, DHT +5 more
LD
Liam Dalton Burke
B. Riley Securities
1 question for ECO
Recent press releases and 8-K filings for ECO.
Okeanis Eco Tankers Reports Strong Q4 2025 Results and Bullish Market Outlook
ECO
Earnings
Dividends
Guidance Update
- Okeanis Eco Tankers reported strong Q4 2025 adjusted EPS of $1.78 and adjusted EBITDA of $79 million, with a fleet-wide time charter equivalent of approximately $77,000 per vessel per day. For the full year 2025, reported net income was about $130 million, or $3.77 per share.
- The company declared a dividend of $1.55 per share for Q4 2025, its fifteenth consecutive quarterly distribution, and has paid over $461 million in dividends since its IPO.
- ECO completed two accretive equity raises totaling $245 million to acquire four Suezmax newbuildings, enhancing per-share value and strengthening the balance sheet.
- For Q1 2026, the company has 67% of its VLCC spot days fixed at $104,200 per day and 64% of its Suezmax days fixed at $84,600 per day, indicating a strong start to the quarter.
- Management maintains a bullish market outlook, driven by factors such as the return of Venezuelan barrels to the compliant fleet, Sinokor's consolidation of the VLCC market (controlling around 150 VLCCs), and the impact of sanctions on fleet availability, with a strategy to keep vessels in the spot market.
Feb 19, 2026, 1:30 PM
Okeanis Eco Tankers Announces Strong Q4 and Full Year 2025 Results and Positive Q1 2026 Outlook
ECO
Earnings
Dividends
Guidance Update
- Okeanis Eco Tankers reported strong Q4 2025 financial results, including adjusted EBITDA of $79 million, adjusted net profit of $60 million, and adjusted EPS of $1.78. For the full year 2025, the company achieved TC revenue of $265.4 million, EBITDA of $204 million, and reported net income of $130 million, or $3.77 per share.
- The company declared a dividend of $1.55 per share for Q4 2025, marking its fifteenth consecutive quarterly distribution, with total distributions over the last four quarters standing at $3.32 per share.
- Strategically, Okeanis Eco Tankers acquired four resale Suezmax new buildings and successfully raised $245 million through two equity transactions, expanding its fleet to 16 vessels (8 Suezmaxes and 8 VLCCs) with an average age of 6 years.
- Management provided strong Q1 2026 guidance, with 67% of VLCC spot days fixed at $104,200 per day and 64% of Suezmax days fixed at $84,600 per day, resulting in a fleet-wide average of $94,800 per day for the fixed portion.
- The company highlighted a structurally bullish crude tanker market, citing the return of Venezuelan barrels to the compliant fleet, Sinokor's aggressive consolidation of the VLCC market (controlling approximately 150 VLCCs), and the ongoing impact of sanctions isolating the "dark fleet," which reduces available compliant tonnage.
Feb 19, 2026, 1:30 PM
Okeanis Eco Tankers Reports Strong Q4 2025 Results, Declares $1.55 Dividend, and Details Strategic Fleet Expansion
ECO
Earnings
Dividends
Guidance Update
- Okeanis Eco Tankers reported strong Q4 2025 financial results, with a fleet-wide time charter equivalent of approximately $77,000 per vessel per day, adjusted EBITDA of $79 million, adjusted net profit of $60 million, and adjusted EPS of $1.78. For the full year 2025, TC revenue was $265.4 million, EBITDA was almost $204 million, and reported net income was about $130 million, or $3.77 per share.
- The company declared a dividend of $1.55 per share for Q4 2025, representing 102% of its net income for the quarter, and has paid out 92% of reported net income since its fleet was fully delivered in 2022, demonstrating a commitment to shareholder value distribution.
- Okeanis Eco Tankers expanded its fleet by acquiring four resale Suezmax newbuildings through two opportunistic transactions, raising a total of $245 million in gross proceeds via heavily oversubscribed equity raises priced at a significant premium to NAV. The company anticipates a strong Q1 2026, with 67% of VLCC spot days fixed at $104,200 per day and 64% of Suezmax days fixed at $84,600 per day, averaging $94,800 per day fleet-wide for the fixed portion, driven by factors like Venezuelan barrels returning to the compliant fleet and Sinokor's consolidation in the VLCC market.
Feb 19, 2026, 1:30 PM
Okeanis Eco Tankers Corp. Reports Strong Q4 and Full-Year 2025 Financial Results
ECO
Earnings
Dividends
New Projects/Investments
- Okeanis Eco Tankers Corp. reported Q4 2025 revenues of $126.9 million, a significant increase from $85.2 million in Q4 2024, with profit rising to $59.5 million from $13.2 million in Q4 2024, and EPS of $1.76 compared to $0.41 in Q4 2024.
- For the full year 2025, the company achieved a profit of $123.0 million and EPS of $3.77, up from $108.9 million and $3.38 respectively in 2024.
- The Board declared a Q4 2025 dividend of $1.55 per common share, payable on March 10, 2026.
- The company completed two share offerings in November 2025 and January 2026, raising gross proceeds of approximately $115.0 million and $130.0 million, respectively.
- Okeanis Eco Tankers expanded its fleet by purchasing two newbuilding Suezmax vessels delivered in January 2026 and two more expected in Q2 2026, alongside repurchasing two VLCCs in Q4 2025.
Feb 18, 2026, 9:27 PM
Okeanis Eco Tankers Corp. Announces New Share Offering and NYSE Trading Commencement
ECO
- Okeanis Eco Tankers Corp. completed an offering of 3,611,111 new common shares at USD 36.00 per share, generating approximately USD 130 million in gross proceeds.
- The newly issued shares became available for trading on the New York Stock Exchange on or around January 23, 2026.
- Following the offering, the company has 39,740,547 common shares issued, with 39,044,655 shares deemed outstanding.
Jan 23, 2026, 11:32 AM
Okeanis Eco Tankers Corp. Announces USD 115 Million Share Offering to Fund Vessel Acquisitions
ECO
New Projects/Investments
- Okeanis Eco Tankers Corp. (ECO) intends to offer new common shares to raise approximately USD 115 million.
- The net proceeds from the offering are designated to partly finance the acquisition of two Suezmax tanker newbuilding resales at an agreed price of USD 99.3 million per vessel.
- The offering price will be determined through an accelerated bookbuilding process, with the closing expected on or about January 23, 2026.
- The company has appointed Fearnley Securities AS, Clarksons Securities AS, and Pareto Securities AS as managers for the offering, agreeing to pay them an aggregate cash fee of 3.75% of the gross proceeds, plus a discretionary amount up to 0.75%.
Jan 22, 2026, 2:05 PM
Okeanis Eco Tankers Corp. Prices $130 Million Share Offering
ECO
New Projects/Investments
Delisting/Listing Issues
- Okeanis Eco Tankers Corp. announced a contemplated offering of new common shares on January 20, 2026.
- A trading halt was imposed on the company's common shares on Euronext Oslo Børs on January 21, 2026, from opening until approximately 13:00 CET, to facilitate the bookbuilding process for this offering.
- The company successfully priced an offering of 3,611,111 new shares at USD 36.00 per Offer Share, raising gross proceeds of approximately USD 130 million.
- The net proceeds are expected to be used for the acquisition of two newbuilding Suezmax vessels at USD 99.3 million per vessel, with delivery anticipated in the second quarter of 2026.
Jan 21, 2026, 1:13 PM
Okeanis Eco Tankers Corp. Announces Commercial Update, Vessel Acquisitions, and Share Offering
ECO
Guidance Update
New Projects/Investments
- Okeanis Eco Tankers Corp. estimates a fleetwide Daily Time Charter Equivalent (TCE) Rate of approximately $75,400 per operating day for Q4 2025, and has booked 26% of available fleetwide spot days for Q1 2026 at an average of $106,700 per operating day.
- The company has entered into agreements to acquire two newbuilding Suezmax vessels for USD 99.3 million per vessel, with expected delivery in the second quarter of 2026.
- To partly finance these planned vessel acquisitions, Okeanis Eco Tankers Corp. is contemplating an offering of new common shares to raise approximately USD 115 million.
- Two recently acquired newbuilding Suezmax vessels, Nissos Piperi and Nissos Serifopoula, were successfully delivered into the fleet on January 8, 2026, and January 14, 2026, respectively.
Jan 20, 2026, 9:31 PM
Okeanis Eco Tankers Corp. secures new financing for Suezmax vessels
ECO
Debt Issuance
New Projects/Investments
- Okeanis Eco Tankers Corp. (ECO) entered into two new facility agreements on December 19, 2025, totaling $90.0 million to finance the acquisition of two newbuilding Suezmax vessels, Nissos Piperi and Nissos Serifopoula.
- Each $45.0 million facility carries an interest rate of Term SOFR plus 130 basis points, with the Nissos Piperi facility maturing in seven years and the Nissos Serifopoula facility maturing in eight years.
- Both vessels are expected to be delivered in January 2026, and the financing transactions are also expected to close in January 2026.
- The company's CFO stated these financings are structured to be accretive for shareholders without tapping into cash balances, ensuring a continued focus on dividend distributions.
Dec 19, 2025, 9:23 PM
Okeanis Eco Tankers Corp. Issues New Shares and Commences Trading on NYSE
ECO
Dividends
- Okeanis Eco Tankers Corp. successfully completed an offering of 3,239,436 new common shares at a price of USD 35.50 per Offer Share, raising approximately USD 115 million in gross proceeds.
- The newly issued shares became available for trading on the New York Stock Exchange on or around November 21, 2025.
- These new shares are entitled to receive the previously announced cash dividend of USD 0.75 per common share, which will increase the total dividend amount paid by the company.
- Following the issuance, Okeanis Eco Tankers Corp. has 36,129,436 common shares issued, with 35,433,544 common shares outstanding.
Nov 21, 2025, 11:00 AM
Quarterly earnings call transcripts for Okeanis Eco Tankers.
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