Pyxis Tankers Inc. Announces Financial Results for the Three Months Ended March 31, 2019

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Go back to Pyxis Tankers Inc. Announces Financial Results for the Three Months Ended March 31, 2019

Pyxis Tankers Inc. (PXS) Misses Q1 EPS by 2c, Slight Miss on Revenues

May 21, 2019 4:13 PM EDT

Pyxis Tankers Inc. (NASDAQ: PXS) reported Q1 EPS of ($0.11), $0.02 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $6.72 million versus the consensus estimate of $6.76 million.

Valentios Valentis, our Chairman and CEO commented:

"Our operating results for the first quarter of 2019 reflected the contribution from the short-term time charters of our medium-range product tankers ("MR") which we had entered into during the fourth quarter of 2018 as well as continued cost discipline. The average TCE for our MR's was approximately $12,700 during the quarter. The continued underperformance of our smaller tankers... More