C3is Inc. (CISS)
NASDAQ:CISS
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Earnings Data
Report Date
Aug 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-1,066.87Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational and financial improvements: sharply higher adjusted net income (+358%), materially higher adjusted EBITDA (+~130%), increased voyage revenues (+34%), a strengthened cash position (+82%), substantial TCE rate gains, and fleet expansion with the addition of two product tankers. Offsetting items include a noncash warrant fair value loss, a significant upcoming $39.7M CapEx obligation for the new tankers, geopolitical disruptions increasing market volatility and bunker-cost risk, and industry supply/aging fleet considerations. Overall, the positive operational and financial momentum and improved balance sheet position outweigh the listed risks and one-off noncash items.Company Guidance
Large Improvement in Profitability
Adjusted net income of $5.5M in Q1 2026 versus $1.0M in Q1 2025, an increase of 358%. Adjusted EBITDA was $6.9M compared to ~$3.0M in the prior year period, an increase of ~130%.
Revenue Growth
Voyage revenues of $11.6M in Q1 2026 versus $8.7M in Q1 2025, up 34%.
Significantly Stronger Cash Position
Cash balance of $27.0M at Q1 2026 compared to $14.9M at year-end 2025, an increase of 82% (achieved despite prior vessel purchase payments).
Substantial TCE Rate Gains
Aframax TCE increased 106% year-over-year to $77,500/day. Fleet TCE rose 98.6% year-over-year to ~$32,000/day.
Fleet Expansion and Diversification
Company added two product tankers (Clean Fury delivered in Q2 2026; second expected Q3 2026). Fleet capacity increased to ~311,000 DWT, representing a 387% increase since inception.
Strong Operational and Balance Sheet Metrics
Fleet operational utilization of 85% in Q1 2026. Vessels are unencumbered, company reports no bank debt, and shareholders' equity at ~$102M as of Q1 2026.
Lower Voyage Costs in the Quarter
Reported voyage costs decreased by 67% year-over-year driven by a shift to time/spot charters where charterers pay fuel (bunker) and lower port expenses in the period.
Higher Interest Income
Interest income of $211k, up 41% year-over-year due to higher time deposit balances.
CISS 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
CISS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 18, 2026 | $3.05 | $3.17 | +3.93% |
Feb 19, 2026 | $11.69 | $15.33 | +31.14% |
Nov 18, 2025 | $235.20 | $235.20 | 0.00% |
Sep 02, 2025 | $421.81 | $408.10 | -3.25% |
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 C3is Inc. (CISS) report earnings?
C3is Inc. (CISS) is schdueled to report earning on Aug 28, 2026, Before Open (Confirmed).
What is C3is Inc. (CISS) earnings time?
C3is Inc. (CISS) earnings time is at Aug 28, 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 CISS EPS forecast?
Currently, no data Available