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Euronav (CMBT)
NYSE:CMBT
Earnings Data
Report Date
Aug 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.99Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 21, 2025
|% Change Since: 3.24%
|Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements, such as profit generation, contract backlog growth, and proposed strategic mergers. However, there were concerns about the underlying net income without capital gains, the decision not to declare dividends, and challenges in certain segments like dry bulk and containers.Company Guidance
In the first quarter of 2025, Cmb.Tech reported a profit of approximately $40 million, with a net income excluding capital gains at a loss of $6 million. The company consolidated Golden Ocean from March 12, 2025, contributing 19 days of P&L. Cmb.Tech's liquidity at the end of March was $245 million, and its contract backlog reached nearly $3 billion, with $1 billion added in Q1. The CapEx remains at $2.2 billion, and equity on total assets was 31.9%. The fleet currently includes 113 vessels, with 46 newbuilds expected, aiming for 131 ships by year-end and about 150 by 2026. In terms of daily earnings, tankers averaged $40,000 per day in Q1, increasing to $43,000 in Q2, while Newcastlemaxes improved from $18,000 in Q1 to $24,000 in Q2. The anticipated merger with Golden Ocean would create a fleet of 250 vessels, a contract backlog of $3 billion, and a fleet average age of six years. The merger's fair market value is estimated at $11.1 billion, with an NAV per share close to $15. Pro forma free cash flow for 2025 is projected between $250 million and $750 million, depending on market conditions.Profit Achievement
Cmb.Tech ended the quarter with a profit of $40 million. Excluding capital gains, the net income would have been minus $6 million.
Contract Backlog Growth
The contract backlog has reached close to $3 billion, with an addition of roughly $1 billion in the first quarter.
Fleet Expansion
The fleet has expanded with the delivery of five newbuilding vessels, and the total fleet is expected to reach 150 vessels by the end of 2026.
Golden Ocean Merger Proposal
A merger with Golden Ocean is proposed, which would increase the fleet to 250 vessels and a contract backlog of $3 billion.
Positive Tanker Market
Tanker segment achieved $40,000 per day in Q1, with an increase to $43,000 per day in Q2.
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 |
|---|---|---|---|
May 21, 2025 | $9.26 | $8.94 | -3.46% |
Feb 27, 2025 | $9.61 | $9.25 | -3.75% |
Nov 07, 2024 | $13.32 | $13.16 | -1.20% |
Aug 08, 2024 | $16.95 | $17.12 | +1.00% |
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 Aug 28, 2025, TBA Not Confirmed.
What is Euronav (CMBT) earnings time?
Euronav (CMBT) earnings time is at Aug 28, 2025, TBA Not 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 2025 (Q2) is 0.22.