D'Amico Shipping FY revenue misses; sees global oil demand rising in 2026

dAmico International Shipping SA

12/03/2026 10:44

Overview

Italy product tanker operator's full-year revenue fell and missed analyst expectations

Adjusted net income for 2025 was reported at $91.6 mln, supported by favorable tanker market

Company proposed final dividend, raising payout ratio to 55% of net result

Outlook

Company expects market momentum to continue in 2026, driven by geopolitical tensions and strong demand

D'Amico sees global oil demand and refinery throughput rising in 2026, supporting tanker earnings

Company says effective fleet expansion may moderate market conditions, but supply constraints remain

Result Drivers

FREIGHT RATE SURGE - Company said conflict in Iran and related geopolitical tensions drove freight rates to record levels on some routes, supporting earnings

SANCTIONS AND TRADE FLOWS - Evolving sanctions regimes and enforcement actions altered trade patterns and reduced effective fleet availability, benefiting compliant tankers

STRONG INDUSTRY FUNDAMENTALS - Resilient global oil demand and supply-side constraints supported product tanker market, per management

Company press release: ID:nBIA2sYWQx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$268.10 mln
$300.25 mln (4 Analysts)
FY Adjusted Net Income
$91.60 mln
FY Net Income
$88.40 mln
FY EBITDA
$152.70 mln
FY Operating Cash Flow
$168.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for d'Amico International Shipping SA is €6.90, about 9.3% below its March 11 closing price of €7.61

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)