Okeanis Eco Tankers (ADR)
Charters modern VLCC and Suezmax tankers for seaborne crude-oil transportation.
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Profile
Seaborne transportation company operating a focused fleet of scrubber-fitted VLCC and Suezmax tankers. It earns charter revenue chiefly through spot and short-term contracts, managed from Greece.
Seaborne transportation of crude oil and refined products is conducted through a focused fleet of scrubber-fitted VLCC and Suezmax tankers. Each vessel sits in a separate wholly owned subsidiary, while a Greece-based commercial-office platform supports the operating model.
Chartering is concentrated in the spot and short-term market, so the platform continually procures short-term business. Delivery of the Suezmax newbuildings Nissos Piperi and Nissos Serifopoula expanded the operating fleet.
The shares trade primarily on the NYSE and secondarily in Oslo, keeping a Norwegian market link. Short-term charter rates, off-hire and ballast periods, and counterparty performance shape the business.
Company facts
Categories
Key statistics
Year to date +109% · Average volume (30d) 526.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $4.61 | $5.91 | +28.2% | $220.3M | $268.1M | +21.7% | +2.35% |
| May 13, 2026Q1 FY26 | $1.74 | $2.33 | +33.9% | $134.0M | $132.2M | −1.4% | +0.28% |
| Feb 18, 2026Q4 FY25 | $1.30 | $1.78 | +36.9% | $91.2M | $92.9M | +1.8% | +5.57% |
| Nov 12, 2025Q3 FY25 | $0.29 | $0.77 | +165.5% | $98.5M | $90.6M | −8.0% | +8.76% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $80.1M | $93.9M | $90.6M | $126.9M | $170.2M | $318.9M | |
| Gross profit | $28.5M | $43.5M | $38.8M | $82.7M | $109.7M | $244.6M | |
| Operating income | $22.3M | $36.9M | $34.7M | $68.6M | $98.1M | $239.1M | |
| Net income | $12.6M | $26.9M | $24.1M | $59.5M | $88.3M | $230.3M | |
| Diluted EPS | $0.39 | $0.84 | $0.75 | $1.76 | $2.31 | $5.90 | |
| Gross margin | 35.6% | 46.3% | 42.8% | 65.2% | 64.5% | 76.7% | |
| Operating margin | 27.8% | 39.3% | 38.3% | 54.1% | 57.6% | 75.0% |
Fiscal years (4-quarter sums)FY21 $169.0M · FY22 $271.0M · FY23 $413.1M · FY24 $393.2M · FY25 $391.5M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $222.6M · Total debt $722.5M · Total assets $1.65B · Shareholders' equity $877.5M
Dividends
Last raised to $5.25 from $2.00 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 21 | $5.25 | raised from $2.00 |
| May 28, 2026 | May 28 | Jun 5 | $2.00 | raised from $1.55 |
| Mar 3, 2026 | Mar 3 | Mar 10 | $1.55 | raised from $0.75 |
| Dec 2, 2025 | Dec 2 | Dec 11 | $0.75 | raised from $0.70 |
| Aug 22, 2025 | Aug 22 | Sep 5 | $0.70 | raised from $0.32 |
| Jun 3, 2025 | Jun 3 | Jun 12 | $0.32 | cut from $0.35 |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.35 | cut from $0.45 |
| Nov 18, 2024 | Nov 18 | Dec 4 | $0.45 | cut from $1.10 |
Ownership
Shares outstanding 32.69M · Float 20.00M · 61.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ioannis Alafouzos · director | 11.46M | 35.04% | Form 4 | Mar 18, 2026 |
| Hospitality Assets Corp. | 6.64M | 17.00% | 13G | Mar 18, 2026 |
| QVT Financial LP · other: Director by Deputization | 1.35M | 4.12% | Form 4 | Aug 17, 2026 |
| FIL Ltd | 829.4K | 2.54% | 13F | Aug 13, 2026 |
| Barclays PLC | 577.7K | 1.77% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | QVT Financial LP | other: Director by Deputization | −68,420 | $59.99 |
| Aug 13, 2026 | QVT Financial LP | other: Director by Deputization | −8,539 | $65.04 |
| Aug 14, 2026 | Daniel Allen Gold | director | −68,420 | $59.99 |
| Aug 13, 2026 | Daniel Allen Gold | director | −8,539 | $65.04 |
Peers
- Frontline
Large-scale VLCC and Suezmax tanker-charter rival
- DHT
Pure-play VLCC tanker-charter rival
- International Seaways
Global VLCC and Suezmax tanker-charter rival
- CMB.TECH (ADR)
VLCC and Suezmax crude-tanker charter rival
- Nordic American Tankers
Suezmax-only crude-tanker charter rival
- Teekay Tankers
Suezmax crude-tanker charter rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Okeanis Eco Tankers (ADR) | $67.05 | +0.32% | $2.19B | 6.2 | 6.1 | 3.6 | +185.4% |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| DHT | $19.77 | +0.56% | $3.17B | 6.7 | 6.9 | 4.4 | +98.7% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Nordic American Tankers | $6.79 | +0.17% | $1.43B | 11.6 | 17.5 | 3.9 | +56.9% |
| Teekay Tankers | $88.70 | +0.07% | $3.07B | 5.2 | 6.3 | 2.7 | +10.9% |
| Median | 6.5 | 9.9 | 3.7 | +67.5% |