Pyxis Tankers Inc. has agreed to a new time charter for its MR product tanker Pyxis Lamda with CITGO Petroleum Corporation for 24 months at a gross rate of $31,000 per day, increasing visibility into future cash flows and earnings.
Why it matters. Pyxis Tankers' new charter enhances financial predictability and earnings potential for the company.
for 24 months, plus or minus 30 days at the charterer’s option
is expected to generate approximately $21.8 million in net charter revenue after 2.5% commissions over its term
Pyxis expects Pyxis Lamda to generate approximately $7.7 million in annualized EBITDA
at a gross rate of $31,000 per day.
contribute approximately $5.2 million in annualized net income
Pyxis Tankers Inc. K. Karamanli 59 Maroussi 15125, Greece
generate approximately $7.7 million in annualized EBITDA
These estimates assume 360 revenue earning days per year and approximately 10.24 million common shares outstanding.
contribute approximately $5.2 million in annualized net income, or $0.51 per common share.
is expected to generate approximately $21.8 million in net charter revenue after 2.5% commissions over its term, assuming 720 revenue earning days.
Pyxis Tankers Inc. currently owns a modern fleet of six mid-sized eco-vessels engaged in the seaborne transportation of refined petroleum products and dry-bulk commodities.
approximately $0.27 in incremental annualized earnings per common share.
an international diversified shipping company
The new charter rate is $8,000 per day higher than the current rate
Pyxis Tankers Inc. currently owns a modern fleet of six mid-sized eco-vessels
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis, commented: “This charter allows us to lock in an attractive rate for approximately two years, capturing the benefits of the current strong tanker market while increasing visibility into our future cash flows and earn…
Maroussi, Greece – October 6, 2026 – Pyxis Tankers Inc. (Nasdaq Capital Market: PXS) (the “Company” or “Pyxis Tankers”), an international shipping company, announced today that it has agreed to a new time charter for its 2017-built MR product tanker Pyxis Lamda with CITGO Petrol…
