The earnings call highlighted strong financial results and a positive market outlook supported by strategic refinancing and a young, eco-friendly fleet. However, concerns remain around high debt levels, geopolitical risks, and challenges posed by the shadow fleet. Despite these issues, the positive aspects and future potential trends seem to outweigh the negatives.

Company Guidance -

Q2 2025

In the call, Okeanis Eco Tankers provided guidance for the second quarter of 2025, anticipating improvement in market fundamentals. The company projected 72% of VLCC spot days at a rate of $46,700 per day and 64% of Suezmax spot days at $60,600 per day. These projections come amidst a backdrop of favorable market dynamics, including OPEC+ accelerating the unwinding of production cuts, which supports the strong market environment. The company also highlighted the ongoing demand for eco-friendly and scrubber-fitted vessels, which positions them advantageously in the spot market. Moreover, Okeanis Eco Tankers emphasized their strategic focus on optimizing VLCC trade routes to enhance earnings, while maintaining a 100% spot market exposure to capture potential upsides in the latter half of the year.

Strong Financial Performance

Okeanis Eco Tankers reported an adjusted EBITDA of $32.5 million, adjusted net profit of $11.4 million, and adjusted EPS of $0.36. TCE revenue stood at $48.6 million with reported net income at $12.6 million, or $0.39 per share.

Dividend Distribution

The company declared a 12th consecutive dividend of $0.32 per share, with total distributions over the last four quarters at $2.22 per share, representing 91% of earnings.

Young and Eco-Friendly Fleet

Okeanis Eco Tankers operates the youngest crude oil tanker fleet among listed peers, with an average age of 5.6 years, fully scrubber-fitted for environmental compliance.

Optimistic Market Outlook

Market fundamentals have improved with increased OPEC+ production and geopolitical factors supporting fleet utilization and rates. VLCC and Suezmax rates are expected to rise, improving financial performance.

Successful Refinancing

The company successfully reduced interest expenses through refinancing and exercised purchase options for three vessels without penalties, financing two of them with favorable loan terms.

Okeanis Eco Tankers Corp. (ECO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ECO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q2)	0.67 / -	1.23	―	―	―
May 14, 2025	2025 (Q1)	0.35 / 0.36	1.23	-70.73% (-0.87)	―	―
Feb 19, 2025	2024 (Q4)	0.45 / 0.41	0.63	-34.92% (-0.22)	―	―
Nov 08, 2024	2024 (Q3)	0.43 / 0.45	0.648	-30.56% (-0.20)	―	―
Aug 09, 2024	2024 (Q2)	1.03 / 1.23	1.638	-24.91% (-0.41)	―	―
May 16, 2024	2024 (Q1)	1.20 / 1.23	1.486	-17.23% (-0.26)	―	―
Feb 29, 2024	2023 (Q4)	0.61 / 0.63	1.273	-50.51% (-0.64)	―	―
Nov 09, 2023	2023 (Q3)	0.86 / 0.65	0.489	32.52% (+0.16)	―	―
Aug 11, 2023	2023 (Q2)	1.32 / 1.64	0.157	943.31% (+1.48)	―	―
May 12, 2023	2023 (Q1)	1.77 / 1.49	0.065	2186.15% (+1.42)	―	―

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

ECO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 14, 2025	$24.54	$23.61	-3.78%
Feb 19, 2025	$23.34	$21.76	-6.77%
Nov 08, 2024	$24.56	$22.56	-8.17%
Aug 09, 2024	$27.18	$27.96	+2.87%

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 Okeanis Eco Tankers Corp. (ECO) report earnings?

Okeanis Eco Tankers Corp. (ECO) is schdueled to report earning on Aug 12, 2025, TBA (Confirmed).

What is Okeanis Eco Tankers Corp. (ECO) earnings time?

Okeanis Eco Tankers Corp. (ECO) earnings time is at Aug 12, 2025, TBA (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 ECO EPS forecast?

ECO EPS forecast for the fiscal quarter 2025 (Q2) is 0.67.

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