Okeanis Eco Tankers Q2 profit surges on higher tanker rates

Okeanis Eco Tankers

04/08/2026 21:46

Overview
Greece-based tanker operator's Q2 revenue and EPS rose sharply yr/yr
Company declared a $5.25 per share Q2 dividend
Q2 profit rose to $230.3 mln from $26.9 mln a year earlier

Outlook
In Q3 2026 to date, 48% of VLCC spot days booked at $206,600 TCE per day
Company says 42% of Suezmax spot days booked at $133,000 TCE per day for Q3 2026 to date

Result Drivers
HIGH TCE RATES - Co reported elevated fleetwide daily TCE rates for VLCC and Suezmax tankers in Q2 2026

Company press release: ID:nGNX4k395T

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$318.90 mln
 
Q2 EPS
 
$5.90
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)