Pyxis Tankers (PXS) Company Report

Analyst Coverage

Research analysts covering Pyxis Tankers.

Recent press releases and 8-K filings for PXS.

Pyxis Tankers Announces Loan Agreement Updates, Share Repurchase Program, and Q1 2026 Chartering Activity

PXS

Share Buyback

New Projects/Investments

Debt Issuance

Pyxis Tankers completed loan refinancings and amendments in December 2025 and January 2026, extending maturities, reducing interest rates, and generating $9.9 million in incremental net proceeds expected for fleet expansion.
As of January 23, 2026, the company had repurchased 115,873 common shares for approximately $0.3 million under its $3.0 million share repurchase program, with $2.7 million authorization remaining until November 2026.
For Q1 2026, as of January 26, 2026, 73% of available days for MR product tankers were booked at an average estimated daily time charter equivalent (TCE) of $23,100 per vessel, and 27% of available days for dry bulkers were booked at $12,000.
The company's Chairman and CEO stated that the next loan maturity is not scheduled until September 2028, and the company holds approximately $52.0 million in unrestricted cash, supplemented by a $45.0 million loan commitment for potential fleet expansion.

5 days ago

Pyxis Tankers Announces Loan Refinancings, Share Repurchase Update, and Chartering Activity

PXS

Debt Issuance

Share Buyback

Guidance Update

Pyxis Tankers refinanced existing secured loans with Alpha Bank S.A. for two vessels, generating an incremental $9.9 million in net proceeds and reducing interest rates to Term SOFR plus 1.90%.
The company also amended secured loans with Piraeus Bank S.A. for three vessels, extending maturities by six months and reducing the weighted average interest margin by 58 basis points to Term SOFR + 1.80%.
As of January 23, 2026, Pyxis Tankers has acquired 115,873 shares for approximately $0.3 million under its $3.0 million common share repurchase program, with $2.7 million remaining.
For the first quarter of 2026, 73% of available days for MR product tankers were booked at an average estimated daily time charter equivalent rate (TCE) of $23,100, and 27% of available days for dry bulkers were booked at $12,000.

Jan 26, 2026, 9:10 PM

Pyxis Tankers Reports Q3 2025 Results Amidst Dry-Bulk Market Recovery

PXS

Earnings

Demand Weakening

Revenue Acceleration/Inflection

Pyxis Tankers (PXS) reported net revenues of $9.700 million and net income of $1.170 million for Q3 2025, with diluted net income per common share at $0.11. This compares to net revenues of $13.792 million and net income of $3.478 million in Q3 2024.
The dry-bulk market experienced a recovery in spot charter rates, with the Baltic Dry Index (BDI) rising 48% to 2,153 between June 30 and November 17, 2025.
Second-hand values for modern mid-sized bulkers have improved, with 5-year-old Ultramax types increasing 14% to $31.9 million and 5-year-old Kamsarmax types increasing 6% to $32.8 million compared to historical averages.
As of September 30, 2025, Pyxis Tankers' net funded debt stood at $34.601 million, and stockholders' equity was $99.386 million.