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Euronav (CMBT)
NYSE:CMBT
Earnings Data
Report Date
May 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple material positives: strong Q4/FY results, substantial liquidity, repayment of acquisition bridge, a $3.05B backlog, secured capital gains, resumed dividends and attractive spot rates across dry bulk, tankers and offshore. Risks were acknowledged (integration one‑offs, residual leverage, high spot exposure, soft container/chemical spot markets, and potential tanker orderbook risk from 2028 onward). On balance, the operational performance, liquidity and deleveraging progress materially outweigh the challenges, positioning the company positively for 2026 while remaining mindful of market and regulatory uncertainties.Company Guidance
Strong quarterly and annual results
Q4 net profit of $90M and full‑year profit of $140M; Q4 EBITDA $322M and FY EBITDA $943M.
Robust liquidity and deleveraging actions
Liquidity of $560M at end of Q4; bridge/acquisition facility (drawn $1.3B) fully repaid end‑January; repayment and refinancing expected to save ~ $42M in interest in 2026.
Backlog and contract additions
Contract backlog at $3.05B; added ~$304M in Q4 (primarily Capesizes and one CSOV); secured >$420M in capital gains across Q4/Q1/Q2 ( ~$50M booked in Q4 and ~$370M guaranteed for Q1/Q2).
Dividend reinstated
Interim dividend declared of $0.16 (~$45M) versus prior quarterly payout of $0.05, signalling return of capital while continuing deleveraging and CapEx funding.
Fleet and balance sheet scale
Roughly 40 ships with ~$10.7B fair market value; market cap ~$4.2B; modern fleet average age 5.9 years; $1.5B remaining CapEx (of which ~$216M from own cash) and all financing secured for near‑term deliveries.
Strong dry bulk market exposure and upside
2026 shipping days ~53,000 of which ~44,000 spot; dry bulk ~36,000 days (27,000 Capesize/Newcastlemax spot). A $10,000 increase above breakeven on relevant days would generate ~$270M cash flow. Capesize ton‑mile demand +2.7% vs fleet growth +2.3% (orderbook ~12.4%).
Healthy operational rates in key segments
Bocimar: Newcastlemax Q4 ≈ $35,000/day and Q1 ≈ $30,000/day; Capesize Q4 ≈ $30,000/day and Q1 ≈ $26,000/day; Kamsarmax/Panamax Q4 ≈ $17,300/day and Q1 ≈ $13,200/day. Tankers: VLCC ≈ $75,000/day; Suezmax ≈ $60–65,000/day (Q4/Q1).
Offshore/wind momentum
Windcat CSOV performance strong (equivalent ~$108,000/day in Q4); CTV fleet (~60 vessels) achieving satisfactory rates; orderbook to fleet for CTV ~13% (manageable).
Balance sheet flexibility for 2026
Next 12 months ~$1.2B yard payments covered, sale proceeds and operations expected to cover CapEx; conservative scenario with +20% on hypothetical rates could produce ~$700M free cash flow to accelerate debt repayment and dividends.
CMBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 26, 2025 | $10.11 | $10.09 | -0.20% |
Aug 28, 2025 | $7.85 | $8.29 | +5.57% |
May 21, 2025 | $9.19 | $8.87 | -3.46% |
Feb 27, 2025 | $9.54 | $9.18 | -3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Euronav (CMBT) report earnings?
Euronav (CMBT) is schdueled to report earning on May 19, 2026, Before Open (Confirmed).
What is Euronav (CMBT) earnings time?
Euronav (CMBT) earnings time is at May 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMBT EPS forecast?
CMBT EPS forecast for the fiscal quarter 2026 (Q1) is 0.33.