Okeanis Eco Tankers Q2 Profit Soars to $230M on Surging Tanker Rates, Declares $5.25 Dividend
ECO has more than doubled off its 52-week low of $23.82 on elevated volume (2.1× avg).
Summary
Okeanis Eco Tankers reported Q2 2026 profit of $230.3 million, up from $26.9 million a year ago, driven by elevated tanker rates. Revenue reached $318.9 million with EPS of $5.90. The company declared a $5.25 per share dividend, signaling strong cash generation. For Q3 to date, 48% of VLCC spot days are booked at $206,600 TCE per day and 42% of Suezmax spot days at $133,000 TCE per day, indicating continued rate strength. The stock is trading near its 52-week high, reflecting the robust tanker market. This follows a strong Q1 2026 with $170.2 million in revenue, showing accelerating momentum.
At the time of this announcement, ECO was trading at $62.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $23.82 to $61.53. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.