Okeanis Eco Tankers Corp. (ECO)
NYSE:ECO
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Earnings Data
Report Date
Aug 04, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.62Last Year’s EPS
0.83Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial picture driven by record TCEs, significant adjusted EBITDA/net profit, a generous dividend, substantial commercial outperformance versus peers, improved low-cost financing and strong liquidity. These positives were tempered by a few company-specific operational items (a flagged commercial mistake and a vessel trapped in the AG), Q1 timing effects on G&A and revenue recognition, and macro/geopolitical uncertainty around the Strait of Hormuz which could make near-term results volatile. On balance the positives materially outweigh the negatives.Company Guidance
Record Quarter and Strong H1 Outlook
Q1 2026 was a record quarter for OET; management expects Q1+Q2 combined to be stronger than any previous year in company history, with commentary that potential distributions tied to the half-year approach the company's 2018 listing price.
Outstanding Earnings and Profitability
Fleet-wide TCE ~ $93,000 per vessel per day (management cites $93,100); spot VLCC TCE ~$106,000–$106,400/day and Suezmax spot TCE ~$81,600–$82,000/day. Reported adjusted EBITDA of $110 million, adjusted net profit of $89 million, and adjusted EPS of $2.33 for Q1.
Generous and Consistent Dividend Policy
Board declared 16th consecutive quarterly dividend of $2.00 per share (the highest quarterly dividend since inception), representing 88% of reported net income post-January equity transaction. Over the last 4 quarters the company distributed $5.00 per share (96% of reported net income) and has paid out ~$550 million in dividends since IPO (~2.5x initial market cap).
Strong Commercial Outperformance vs Peers
Company outperformed peers materially: Q1 VLCC performance ~28.5% higher and Suezmax ~20% higher vs reported peers; management estimates Q2 fixed book is ~45% higher on VLCCs and ~24% higher on Suezmaxes relative to peers. Cumulative outperformance vs peers since Q4 2019 ~ $256 million.
Robust Q2 Forward Cover and High Fix Rates
As of the call ~56% of available VLCC spot days were fixed at $223,900/day and ~60% of Suezmax days fixed at $187,300/day, giving a fixed-portion fleet average of ~ $202,900/day.
Improved Capital Structure and Low-Cost Financing
Completed multiple refinancings and buybacks of sale-leasebacks: new loans include $50M (7yr, SOFR+125bps), $50M (9yr, SOFR+130bps), and $90M (8yr, SOFR+120bps). All loans priced below 2%; weighted average margin 1.47% (improvement >200bps vs pre-transition), yielding estimated >$15M/year interest savings on consolidated debt pro forma > $750M.
Healthy Balance Sheet and Liquidity
Quarter-end cash of $176.5 million (including equity earmarked for acquisitions), nearly $80 million in trade receivables, restricted cash including $45 million short-term deposit vs loan; book leverage 41% and market-adjusted net LTV just over ~30% pro forma for acquisitions.
Young, Modern Fleet and Growth via Acquisitions
Fleet of 16 vessels on the water (8 Suezmax, 8 VLCC) with an average age of ~6 years; two additional Suezmax newbuilds (Nissos Tigani and Nissos Vous) due for delivery shortly, further improving average fleet age and commercial exposure.
Supportive Market Fundamentals (Hormuz Disruption & Inventories)
Management highlights structural demand tailwinds from the Strait of Hormuz disruption (pre-closure exports ~14.9m bpd vs pipeline rerouting capacity ~7.4m bpd → ~7.5m bpd ton-mile shortfall) and low OECD commercial inventories, which underpin elevated tanker rates and prolonged strength across scenarios modeled.
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 |
|---|---|---|---|
May 13, 2026 | $52.31 | $52.46 | +0.28% |
Feb 18, 2026 | $41.37 | $43.68 | +5.58% |
Nov 12, 2025 | $32.80 | $35.67 | +8.75% |
Aug 12, 2025 | $22.07 | $23.07 | +4.52% |
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 04, 2026, TBA (Confirmed).
What is Okeanis Eco Tankers Corp. (ECO) earnings time?
Okeanis Eco Tankers Corp. (ECO) earnings time is at Aug 04, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ECO EPS forecast?
ECO EPS forecast for the fiscal quarter 2026 (Q2) is 4.62.