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Okeanis Eco Tankers Corp. (ECO)
NYSE:ECO
Earnings Data
Report Date
May 13, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.33Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operating and financial performance: high Q4 and full-year earnings, 100% Q4 utilization, accretive equity raises executed at premiums to NAV, substantial dividends and a modern young fleet. Management highlighted supportive market fundamentals (Venezuelan barrels returning, Synacor consolidation) and strong forward fixtures that underpin Q1 visibility. Key risks discussed were drydock-related earnings penalties, high dividend payout ratios (including a dividend equal to >100% of net income), NAV premium compression, trade receivables concentration and moderate leverage. On balance, positive operational and capital-markets execution and the weight of structural market tailwinds outweigh the noted operational and capital allocation risks.Company Guidance
Strong Quarterly and Annual Financial Performance
Q4 adjusted EBITDA of $79.0M, adjusted net profit of $60.0M and adjusted EPS of $1.78. Full year TCE revenue $265.4M, EBITDA ~ $204M and reported net income ~ $130M ( $3.77/share ).
High Fleet Earnings and Utilization
Fleet-wide TCE in Q4 ~ $76,700/day (reported ~ $77,000/day). VLCCs averaged $92,000/day and Suezmaxes $53,100/day. Achieved 100% utilization across the fleet in Q4.
Accretive Equity Raises and Shareholder Returns
Two oversubscribed equity raises totalling $245M gross proceeds (Nov $115M at $35.5/sh ~1.25x NAV; Jan $130M at $36/sh ~1.2x NAV). Since those raises shareholders generated >20% return plus dividends. Since IPO the company has paid $461M in dividends (>2x initial market cap).
Consistent Dividend Policy and High Payouts
Declared 15th consecutive quarterly distribution of $1.55/share. This dividend represents 102% of net income on a fully diluted basis; total distributions over the last 4 quarters $3.32/share (~95% of reported net income for the period).
Fleet Quality, Growth and Modernization
Fleet of 16 vessels on the water (8 Suezmaxes, 8 VLCCs), average age ~6 years. Acquired 4 modern high-spec resale Suezmax newbuilds (2 delivered, 2 due in next 2–3 months) to further improve fleet quality.
Favorable Capital Structure Trends
Year-end cash $122.5M (including equity earmarked for recent acquisitions). Book debt $605M and subsequent $90M draw for 2 Suezmaxes. Book leverage 46%; market-adjusted net LTV ~35%. Financing margin improvement of ~140 basis points; recent financings at ~130 bps over SOFR for 7–8 year terms.
Strong Forward Fixture Coverage
As of call: 67% of VLCC spot days fixed at $104,200/day and 64% of Suezmax days fixed at $84,600/day, giving a fixed-portion fleet average of ~$94,800/day (roughly two-thirds of the quarter). Examples include a 12-month charter fixed at $91,140/day and multiple 12-month fixtures at ~$100,000/day.
Commercial Outperformance Track Record
Cumulative outperformance vs peers since Q4 2019 of ~$235M, representing ~22% outperformance on RVs and ~39% outperformance on Suezmaxes over ~5.5 years, attributed to consistent commercial execution.
Market Fundamentals Supporting Earnings
Positive structural drivers cited: return of Venezuelan barrels to compliant fleet, reduced Indian purchases of Russian crude, and large-scale industry consolidation (Synacor controlling ~150 VLCCs), all supporting tighter compliant tonnage and higher freight rates.
ECO 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
ECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $44.31 | $46.78 | +5.57% |
Nov 12, 2025 | $35.12 | $38.20 | +8.76% |
Aug 12, 2025 | $23.63 | $24.70 | +4.52% |
May 14, 2025 | $23.42 | $22.54 | -3.78% |
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 May 13, 2026, TBA (Confirmed).
What is Okeanis Eco Tankers Corp. (ECO) earnings time?
Okeanis Eco Tankers Corp. (ECO) earnings time is at May 13, 2026, 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 2026 (Q1) is 2.33.