Research analysts who have asked questions during Icon Energy earnings calls.
Recent press releases and 8-K filings for ICON.
Icon Energy Announces SEPA Share Sales
ICON
New Projects/Investments
- Icon Energy Corp. sold 1,136,470 common shares at an average price of $3.11 per share pursuant to advances under its Standby Equity Purchase Agreement (SEPA).
- The company intends to utilize the $3.5 million net proceeds for general corporate purposes and to pursue potential growth opportunities and strategic initiatives.
- As of January 21, 2026, Icon Energy had 2,508,470 common shares issued and outstanding.
Jan 21, 2026, 2:40 PM
Icon Energy Corp. Announces Reverse Stock Split
ICON
Delisting/Listing Issues
Accounting Changes
- Icon Energy Corp. announced a 1-for-5 reverse stock split of its common shares, effective at the opening of trading on January 8, 2026.
- The reverse stock split aims to enhance the company's appeal to a broader investor base and ensure continued compliance with Nasdaq Capital Market listing standards.
- Following the split, the number of outstanding common shares will be reduced from 3,460,000 to approximately 692,000.
- Shareholders will receive a cash payment in lieu of fractional shares, based on the closing price on January 7, 2026.
Jan 8, 2026, 12:58 PM
Icon Energy Corp. Announces Reverse Stock Split
ICON
Delisting/Listing Issues
- Icon Energy Corp. (Nasdaq: ICON) announced a 1-for-5 reverse stock split of its common shares.
- The reverse stock split will be effective at the opening of trading on January 8, 2026, with shares continuing to trade on the Nasdaq Capital Market under the existing symbol "ICON".
- The company stated the purpose of the split is to enhance its appeal to a broader investor base and ensure continued compliance with Nasdaq Capital Market listing standards.
- Following the split, the 3,460,000 outstanding Common Shares will be reduced to approximately 692,000.
Jan 6, 2026, 1:00 PM
Icon Energy Corp. Provides Commercial Update and Announces Share Repurchase Program
ICON
Earnings
Share Buyback
Guidance Update
- Icon Energy Corp. reported revenues of $4.2 million for Q3 2025, which is more than double the $2.0 million recorded in the preceding quarter and nearly five times the $0.9 million generated in Q3 2024.
- The company's gross hire rate averaged approximately $15,450 per day in Q3 2025, marking a 41% increase from the prior quarter, and has averaged approximately $15,750 per vessel per day so far in Q4 2025.
- The time charter for the M/V Alfa has been extended for an indefinite period, not expiring earlier than July 2026, ensuring continued full utilization of the vessel.
- Icon Energy Corp.'s Board of Directors has authorized a share repurchase program allowing the company to repurchase up to an aggregate of $1.0 million of its outstanding common shares through December 31, 2026.
Dec 18, 2025, 9:10 PM
Icon Energy Corp. Provides Commercial Update and Strong Q3 2025 Results
ICON
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Icon Energy Corp. reported revenues of $4.2 million for the third quarter of 2025, which is more than double the $2.0 million recorded in the preceding quarter and close to five times the $0.9 million generated during the third quarter of 2024.
- The average gross hire rate for its vessels in Q3 2025 was approximately $15,450 per day, marking a 41% increase from Q2 2025 and a 21% increase from Q3 2024.
- As of December 2025, all of Icon Energy's vessels are fully employed on time charters, with the M/V Alfa charter extended indefinitely and the fleet expanded by the addition of M/V Charlie in June 2025 and M/V Bravo in August 2024.
- So far in the fourth quarter of 2025, the company's vessels have been earning an average gross hire rate of approximately $15,750 per vessel per day.
Dec 17, 2025, 2:20 PM
Icon Energy Corp. Reports Q3 2025 Financials and Strategic Updates
ICON
Earnings
Dividends
Delisting/Listing Issues
- Icon Energy Corp. reported a net loss of $(3,616) thousand for the nine-month period ended September 30, 2025, compared to a net income of $562 thousand for the same period in 2024, despite a 116% increase in revenue to $7,722 thousand.
- The company expanded its fleet by acquiring M/V Bravo in September 2024 and taking delivery of M/V Charlie via a finance lease in June 2025, which contributed to increased operating days and revenue.
- To regain compliance with Nasdaq's Minimum Bid Price Requirement, Icon Energy Corp. executed a one-for-forty reverse stock split on April 1, 2025, successfully meeting the requirement by April 15, 2025.
- Icon Energy Corp. paid a cash dividend of $0.07 per common share on May 30, 2025, and an in-kind dividend of $2.2 million on Series A Preferred Shares on June 30, 2025, which increased the preferred shares' applicable dividend rate to 19.77%.
- The company entered into a Standby Equity Purchase Agreement (SEPA) on August 27, 2025, for up to $20 million in common shares, subsequently issuing 1,219,521 common shares for $1.4 million in net proceeds after the reporting period.
Nov 26, 2025, 10:20 PM
Icon Energy Corp. Enters $20 Million Standby Equity Purchase Agreement
ICON
- Icon Energy Corp. entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (Yorkville) on August 27, 2025, allowing the company to issue and sell up to $20 million of its common shares to Yorkville.
- The commitment period for this agreement extends from August 27, 2025, until August 27, 2028, unless terminated earlier.
- Icon Energy Corp. has the option to sell common shares to Yorkville at either 96% of the Market Price (average volume weighted average price) or 97% of the Market Price (lowest daily volume weighted average price).
- A commitment fee equal to 1% of the $20 million Commitment Amount is payable, with the first half satisfied by the issuance of 45,249 Common Shares to Yorkville upon execution of the SEPA.
- Yorkville's obligation to purchase shares is subject to an ownership limitation, preventing it from beneficially owning more than 4.99% of Icon Energy Corp.'s then outstanding common shares.
Aug 29, 2025, 8:10 PM
Quarterly earnings call transcripts for Icon Energy.
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