Earnings Data
Report Date
Aug 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.87Last Year’s EPS
-0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial quarter: solid net profit, substantial capital gains, meaningful deleveraging, improved liquidity, and strong forward coverage in dry bulk and offshore segments. Management also secured a sizeable, tax-efficient shareholder distribution and highlighted potential for >$1 billion operational free cash flow under favorable market assumptions. Key risks include material remaining CapEx and near-term payment obligations, elevated tanker and dry-bulk orderbooks (medium-term oversupply risk), significant spot exposure (≈80% of days), and market softness in containers and chemicals. Operational disruptions related to Middle East tensions and several one-off income items temper the outlook. On balance, the positives (profitability, deleveraging, contract backlog, vessel sales gains, and robust forward fixing in key segments) outweigh the noted risks.Company Guidance
Strong Quarterly Profitability
Net profit of $368.8 million in Q1 2026; capital gains booked of $267 million in Q1 with an additional ~$127 million expected in Q2; company notes a scenario where operational free cash flow could exceed $1 billion under current market assumptions (+20% vs plan).
Meaningful Deleveraging and Financing Improvement
Net finance expenses fell from $113 million to ~$81 million QoQ (≈28% reduction); liquidity at quarter end just above $0.5 billion; equity on total assets is below the 50% through-the-cycle target and the company reached its 50% net loan-to-value objective.
Accretive Asset Sales and Realized Gains
Completed disposals including sales of older vessels (2 Capesizes, 8 VLCCs, Suezmax 'Sienna'); total capital gain related to the sale of six older VLCCs reported at ~$360 million (reflected across Q1/Q2).
Improved Contract Backlog and Long-Term Coverage
Contract backlog increased by roughly $200 million; backlog amortizes ~ $100 million per quarter; $1.9 billion of backlog relates to dual-fuel vessels with predominantly investment-grade counterparties, improving cash flow visibility.
Strong Dry-Bulk Performance and Forward Fixing
Newcastlemax fleet: Q1 achieved ~$28,000/day and ~80% of days already fixed for Q2 at ~$44,000/day. Capesize fleet: Q1 ~$26,000/day with ~75% of days fixed for Q2 at ~$37,000/day. Kamsarmax/Panamax breakeven ~ $14,500/day with ~75% of Q2 days fixed close to $20,000/day.
Offshore & Windcat Momentum
Windcat CSOVs averaged ~$65,000/day in Q1 and Q2 is already largely fixed at ~$62,000/day; CTV utilization above 90% earning average ~$3,400/day, supporting strong segment cash generation.
Operational & Corporate Efficiency Progress
SG&A declined from $51 million in Q4 to $27 million in Q1, reflecting integration and cost optimization progress; margins reduced with banks and expensive bridge financing repaid.
Shareholder Returns and Tax-Efficient Distribution
Board approved distribution of $0.64 per share (interim $0.20 plus $0.44 from share premium) — approximately 70% of that distribution will be exempt from withholding tax; management reiterates historical payout range of ~50–60% of net profit as framework.
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 19, 2026 | $14.49 | $15.98 | +10.29% |
Feb 26, 2026 | $13.70 | $13.64 | -0.42% |
Nov 26, 2025 | $9.65 | $9.63 | -0.20% |
Aug 28, 2025 | $7.49 | $7.91 | +5.55% |
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 27, 2026, Before Open (Confirmed).
What is Euronav (CMBT) earnings time?
Euronav (CMBT) earnings time is at Aug 27, 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 (Q2) is 0.87.