Pyxis Tankers ( (PXS) ) has released its Q3 earnings. Here is a breakdown of the information Pyxis Tankers presented to its investors.
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Pyxis Tankers Inc., a diversified international shipping company, operates in the transportation of refined petroleum products and dry-bulk commodities with a fleet of eco-efficient vessels. The company reported a decrease in net revenue to $9.7 million for the third quarter of 2025, down from $13.8 million in the same period of 2024, primarily due to softer charter rates. Despite this, the company maintained a positive net income of $1.2 million, although this was a significant decline from the $3.6 million reported in the previous year. The company’s Adjusted EBITDA also decreased to $4.2 million, reflecting the challenging market conditions.