Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2020

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Go back to Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2020

Pyxis Tankers Inc. (PXS) Misses Q4 EPS by 4c, Revenues Miss

March 24, 2021 4:17 PM EDT

Pyxis Tankers Inc. (NASDAQ: PXS) reported Q4 EPS of ($0.12), $0.04 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $4.5 million versus the consensus estimate of $5.26 million.

Valentios Valentis, our Chairman and CEO, commented:

The chartering environment for product tankers in the fourth quarter of 2020 continued to be depressed, reflecting no seasonal rebound in the northern hemisphere due to the continued negative impact of COVID-19 on the demand for refined petroleum products. Through our short-term time charters, we were able to achieve an average TCE of $12,291/day for our MRs during... More