Pyxis Tankers Inc. Announces Financial Results for the Three and Nine Months Ended September 30, 2019

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Go back to Pyxis Tankers Inc. Announces Financial Results for the Three and Nine Months Ended September 30, 2019

Pyxis Tankers Inc. (PXS) Reports In-Line Q3 EPS, Revenues Beat

November 14, 2019 6:32 AM EST

Pyxis Tankers Inc. (NASDAQ: PXS) reported Q3 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $7.31 million versus the consensus estimate of $6.44 million.

Valentios Valentis, our Chairman and CEO commented:

Our operating results for the third quarter of 2019 reflected the positive impact of staggered time charters for our medium-range (MR) product tankers as well as continued operational cost discipline. The average daily TCE for our MRs was over $14,400 during the quarter with utilization of 99.7%. As of November 11, 2019, we had 57% of our remaining days in 2019... More