
Overview
Greece-based LPG shipowner's Q4 revenue fell 9% yr/yr, missing analyst expectations
Co reports Q4 adjusted EPS of $0.36
Company repaid $85.9 mln in debt during 2025, becoming debt-free
Outlook
Company has 48% of fleet days secured under period contracts for remainder of 2026
Company expects $66 mln in contracted revenues for remainder of 2026
Result Drivers
ECO WIZARD INCIDENT - Revenue decline attributed to loss of revenue from Eco Wizard, offset by fleet expansion
HIGHER VOYAGE EXPENSES - Increased spot market days led to higher voyage expenses, impacting profitability
DEBT REPAYMENT - Company repaid $85.9 mln in debt during 2025, becoming debt-free
Company press release: ID:nGNX4zK8r1
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $39.4 mln | $39.80 mln (1 Analyst) |
Q4 Adjusted EPS | Beat | $0.36 | $0.32 (1 Analyst) |
Q4 Adjusted Net Income | Beat | $13.3 mln | $11.50 mln (1 Analyst) |
Q4 Basic EPS |
| $0.34 |
|
Q4 EBITDA |
| $17.3 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago
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