Pyxis Tankers Inc. Reports Q3 Earnings and Updates on Tanker Market and Charter Strategy
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Pyxis Tankers Inc. reported Q3 2025 earnings with time charter equivalent revenues of $8.9 million, down 23.5% from Q3 2024. Net income was $1.2 million, or $0.11 per share, and adjusted EBITDA was $4.2 million. The decline was due to softer chartering conditions, though sequential improvement was noted. The fleet's time charter equivalent rate averaged $17,643 per day. Geopolitical events, including the Russia-Ukraine conflict, influenced trade flows and demand for compliant tanker tonnage.
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