The earnings call highlighted strong financial results, successful refinancing efforts, and consistent shareholder returns. However, concerns were raised about declining spot market rates for Q3 and increased operational costs influenced by exchange rates. Overall, the positive aspects of financial performance and strategic execution were more prominent.

Company Guidance

During Okeanis Eco Tankers' second quarter 2025 financial results call, the company reported a fleet-wide time charter equivalent of approximately $50,500 per vessel per day, with VLCCs at nearly $50,000 and Suezmaxes at $51,500. They achieved an adjusted EBITDA of $47.3 million, an adjusted net profit of $26.7 million, and an adjusted EPS of $0.83. The Board declared a dividend of $0.70 per share, marking the 13th consecutive distribution. The company's balance sheet showed $65 million in cash and $631 million in debt, with a book leverage of 57% and a market-adjusted net LTV of about 40%. Their fleet consists of 14 vessels, averaging 5.9 years in age, with capital expenditures focused on scheduled dry docks for two Suezmaxes. Recent refinancing transactions have improved their capital structure, reducing financing margins by 55 to 60 basis points, extending maturities by 1.5 years per vessel, and achieving annual interest savings of around $1 million. Their fleet's operational strategy leveraged market dynamics, with a focus on maximizing earnings and maintaining geographical balance. Looking ahead, the company remains optimistic about the market, expecting additional OPEC barrels to enhance tanker utilization and a constructive outlook for Q4 2025.

Strong Financial Performance

Fleet-wide time charter equivalent (TCE) of $50,500 per vessel per day, adjusted EBITDA of $47.3 million, adjusted net profit of $26.7 million, and adjusted EPS of $0.83. TCE revenue for the 6-month period was $113 million, with EBITDA at nearly $80 million.

Consistent Shareholder Returns

Declared the 13th consecutive dividend of $0.70 per share, with total distributions over the last 4 quarters at $1.82 per share, approximately 9% of earnings for the period.

Refinancing Success

Successfully refinanced three Chinese leased vessels with attractive terms, lowering financing margins by 55 to 60 basis points and extending maturities by 1.5 years per vessel. Expect annual interest savings of $1 million and reduced daily cash break-even by over $1,000 per vessel per day.

Fleet Utilization and Strategy

Achieved 100% fleet utilization in VLCC and Suezmax segments. Strategic positioning and fleet flexibility led to profitable voyages and strong earnings despite market fluctuations.

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
Nov 12, 2025	2025 (Q3)	0.46 / -	0.45	―	―	―
Aug 12, 2025	2025 (Q2)	0.65 / 0.83	1.23	-32.52% (-0.40)	―	―
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)	―	―

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
Aug 12, 2025	$24.13	$25.22	+4.52%
May 14, 2025	$23.91	$23.01	-3.78%
Feb 19, 2025	$22.75	$21.21	-6.77%
Nov 08, 2024	$23.94	$21.98	-8.17%

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 Nov 12, 2025, TBA (Confirmed).

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

Okeanis Eco Tankers Corp. (ECO) earnings time is at Nov 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 (Q3) is 0.46.

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