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C3is Inc. (CISS)
NASDAQ:CISS
Earnings Data
Report Date
Jun 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.29Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a clear financial turnaround — profitable results, large EBITDA improvement, reduced interest costs, stronger cash and full deleveraging — alongside strategic fleet additions poised to benefit from robust tonne-mile and Aframax/product tanker market dynamics. Offsetting these positives are meaningful near-term operational headwinds: an 18% decline in voyage revenues driven by 74 vessel non-revenue/idle days and a 28% drop in TCE rates, plus an aging fleet profile and sector-specific demand softness (notably coal). On balance the significant profitability, cash and balance-sheet improvements and favorable market outlook outweigh the operational setbacks reported for the year.Company Guidance
Turnaround to Profitability
Net income of $10.5M for FY2025 versus a net loss of $3.0M in FY2024, an increase of 481%.
Strong EBITDA Growth
EBITDA rose to $17.0M in 2025 from $7.0M in 2024, an increase of 244%.
Improved Cash Position and Deleveraging
Cash balance increased to $14.9M (up 19% from $12.6M at year-end 2024) despite paying $15.1M to fully settle the Eco Spitfire balance; company reported no bank debt and total CapEx obligations of $59.2M repaid since July 2023.
Material Reduction in Interest Expense
Interest and finance costs fell to $0.4M in 2025 from $2.5M in 2024, a decrease of $2.1M due to repayment of acquisition-related balances.
Warrants Gain Reversal
Reported a gain on warrants of $9.2M in 2025 versus a loss on warrants of $11.1M in 2024, a swing of $20.3M.
Fleet Growth and Strategic Acquisitions
Company owns 4 vessels at year-end 2025 and has acquired 2 product tankers to be delivered in 2026, increasing fleet capacity to 311,000 dwt — a 387% capacity increase from inception; all vessels unencumbered and equipped with ballast water systems.
Favorable Market Tailwinds (Tonne-Mile Demand & Tanker Rates)
Management highlighted robust tonne-mile demand and strong Aframax/LR2 spot rate recoveries (e.g., Caribbean-U.S. Gulf +88.7% to $66,426/day; Med-Med +85.3% to $65,808/day; North Sea-Cont +65.8% to $71,022/day) and continued healthy product tanker cash flows.
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 |
|---|---|---|---|
Feb 19, 2026 | $1.67 | $2.19 | +31.14% |
Nov 18, 2025 | $33.60 | $33.60 | 0.00% |
Sep 02, 2025 | $60.26 | $58.30 | -3.25% |
May 15, 2025 | $74.90 | $75.00 | +0.13% |
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 Jun 19, 2026, Before Open (Confirmed).
What is C3is Inc. (CISS) earnings time?
C3is Inc. (CISS) earnings time is at Jun 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 CISS EPS forecast?
Currently, no data Available