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Okeanis Eco Tankers Corp. (DE:7OK)
FRANKFURT:7OK
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
1.08Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -23.79%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a robust overall performance for 2024 with strong financial metrics and consistent shareholder returns. The company is well-positioned in a favorable market environment with a modern, efficient fleet. However, challenges such as a softer fourth quarter, significant debt levels, and geopolitical uncertainties pose risks. The sentiment remains cautiously optimistic due to the strong market position and expected future growth.Company Guidance
During the call, Okeanis Eco Tankers reported a fleet-wide time charter equivalent (TCE) of about $39,000 per vessel per day for the fourth quarter of 2024, with VLCCs at $38,500 and Suezmaxes at $39,500. The company's adjusted EBITDA was $37 million, with an adjusted net profit of $13 million and adjusted earnings per share of $0.41. The Board declared an $0.35 per share dividend, contributing to a total distribution of $3 per share over the last four quarters, representing 89% of the year's earnings. For the full year 2024, TCE revenues reached $262 million, with daily fleet-wide TCE of $53,000 per day, $56,000 for VLCCs, and $49,000 for Suezmaxes. EBITDA was approximately $204 million, and net income was nearly $109 million, equating to $3.38 per share. The call highlighted the company's strong fleet performance, with a 19% outperformance for VLCCs and 29% for Suezmaxes compared to peers, and discussed market dynamics, including the impact of expanded sanctions and supply constraints expected to benefit the company in 2025.Strong Financial Performance in 2024
Okeanis Eco Tankers reported adjusted EBITDA of $204 million and net income of just shy of $109 million for the year 2024, with adjusted earnings per share of $3.38.
Consistent Shareholder Value Distribution
The company declared an 11th consecutive dividend distribution of $0.35 per share, with total distributions over the last four quarters amounting to $3 per share, representing 89% of earnings for the year.
Fleet Efficiency and Modernization
OET's fleet, with an average age of 5.4 years, is the youngest among listed peers and fully scrubber-fitted, allowing it to outperform the market with higher TCEs.
Competitive Positioning and Market Outperformance
OET's VLCC fleet outperformed peers by 19% and the Suezmax by 29% for the year, demonstrating the competitive advantage of its modern fleet.
Positive Market Outlook for 2025
The tanker market is expected to benefit from structural supply imbalances, geopolitical shifts, and increased demand for compliant modern fleets, positioning OET well for future growth.
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DE:7OK 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
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DE:7OK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | €22.96 | €22.77 | -0.85% |
| Nov 08, 2024 | €23.39 | €21.46 | -8.25% |
| Aug 09, 2024 | €25.18 | €24.95 | -0.92% |
| May 16, 2024 | €27.83 | €28.77 | +3.39% |
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.
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FAQ
When does Okeanis Eco Tankers Corp. (DE:7OK) report earnings?
Okeanis Eco Tankers Corp. (DE:7OK) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Okeanis Eco Tankers Corp. (DE:7OK) earnings time?
Okeanis Eco Tankers Corp. (DE:7OK) earnings time is at May 14, 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 the P/E ratio of Okeanis Eco Tankers Corp. stock?
The P/E ratio of Okeanis Eco Tankers Corp. is N/A.
What is DE:7OK EPS forecast?
DE:7OK EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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