Pyxis Tankers Q2 2026: Net Income $2.8M, Strongest Quarter in Seven Quarters
PXS has more than doubled off its 52-week low of $2.56 on elevated volume (2.6× avg).
Summary
Pyxis Tankers delivered its best quarter in seven quarters with $2.8M net income, 32.6% revenue growth, and $103M liquidity. The filing also details a pending convertible preferred offering and active share buybacks.
Key Events · Earnings and Guidance · PXS
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Q2 2026 Net Income $2.8M
Net income attributable to common shareholders was $2.8 million ($0.27 per share) for Q2 2026, reversing a $2.0 million loss in Q2 2025. Revenue rose 32.6% to $12.1 million.
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Dry-Bulk TCE Rate Surges 57.7%
Dry-bulk fleet average daily TCE rate reached $20,245, up 57.7% from $12,840 a year ago, driven by stronger chartering conditions. MR tanker TCE rose 5.9% to $21,899 with 100% utilization.
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Liquidity at $103 Million
Total liquidity was approximately $103 million as of June 30, 2026, consisting of $58.2 million cash and $45.0 million undrawn acquisition facility. Net leverage remained low.
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Pending Convertible Preferred Offering
A proposed public offering of up to 920,000 7.00% Series B Cumulative Redeemable Perpetual Convertible Preferred Shares remains under SEC review; no shares had been issued as of the filing date.
Analysis · PXS · Energy & Transportation
Pyxis Tankers reported its strongest quarterly performance in seven quarters, with Q2 2026 net income of $2.8 million ($0.27 per share) versus a $2.0 million loss a year ago. Revenue rose 32.6% to $12.1 million, driven by a 57.7% jump in dry-bulk daily TCE rates to $20,245 and 100% MR tanker utilization. The company holds $103 million in total liquidity and low net leverage, giving it flexibility for fleet expansion. The filing also discloses a pending $18.3 million convertible preferred offering still under SEC review, which could add dilution if completed.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PXS was trading at $6.22 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $63.6M. The 52-week trading range was $2.56 to $6.75. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.