PXS Pyxis Tankers
Tankers Product Β· MR / Kamsarmax / Ultramax Β· 53 documents
Pyxis Tankers pays no dividend, in its own words, so our forecast is $0.00 a share.
Yields annualise each quarter Γ4 at the last close, $7.50 (2026-10-16). Our model is not company guidance.
What will Pyxis Tankers pay for 2026Q3?
Booked vs market $/day
| Class | Booked | At | Spot now |
|---|---|---|---|
| MR | 100% | $22,000 | $68,317 |
Rates in, dividend out 2026Q3
Model Your scenarioSet a rate per vessel class and the statement below re-prices: our modelβs figures in one column, yours beside them. These are your numbers, not our forecast and not company guidance; nothing you set is saved.
Latest rates
| Class | Company earned | Booked 2026Q3 | Market now | 8 weeks |
|---|---|---|---|---|
| MR Β· 3 | $21,8992026Q2 Β· fleet avg | $22,000100% of days | $68,3172026-10 median Β· 2 routes | +136% |
Company earned: the issuerβs own reported TCE (linked). Booked: cover the issuer printed for 2026Q3. Market now: the median across the broker route prints we hold for the class β a derived blend, not a vendor index; the trend is rebased to 100 eight weeks ago.
Your rates open days only β booked days stay at the booked rate
2026Q3 P&L and cash
| Line | Model | Your scenario | Ξ | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Vessel-days, days modelledShips on the fleet list Γ the quarter's calendar days for MR: no off-hire or drydock days are deducted there. Priced classes only: the estimate has no rate for Kamsarmax, Ultramax, so those days are left out. |
276 | 276 | |||||||||
By class
| |||||||||||
| Fleet TCE, $/day modelled | 22,000 | 22,000 | |||||||||
Revenue (TCE basis), $m modelledVessel-days Γ fleet TCE. |
6.1 | 6.1 | |||||||||
Vessel opex, $m assumed2026Q2: $3.8m over 552 vessel-days, held per day. Source (2026Q2) |
(1.9) | (1.9) | |||||||||
G&A, $m assumed2026Q2: $1.2m over 552 vessel-days, held per day. Source (2026Q2) |
(0.6) | (0.6) | |||||||||
| EBITDA, $m assumed | 3.6 | 3.6 | |||||||||
Hire for chartered-in ships, $mNot on file for any quarter (not extracted, or not disclosed). |
β | β | |||||||||
Interest expense, $m assumed2026Q2: $1.3m over 552 vessel-days, held per day. Source (2026Q2) |
(0.6) | (0.6) | |||||||||
Scheduled debt amortisation, $m stated2026Q2: $2.0m over 552 vessel-days, held per day (the issuerβs scheduled principal). Source (2026Q2) |
(1.0) | (1.0) | |||||||||
Drydock cost, $mNo separate drydock cash line on file. |
β | β | |||||||||
Cash break-even, $/day assumedΞ£ cash costs above Γ· vessel-days. |
15,120 | 15,120 | |||||||||
| Cushion vs fleet TCE, $/day | 6,880 | 6,880 | |||||||||
Free cash flow to equity, $m assumedRevenue β cash costs: the cash available for distribution. |
1.9 | 1.9 | |||||||||
Maintenance capex, $mNot disclosed as a cash line; not in the modelβs cash. |
β | ||||||||||
Dividend policy stated
No stated payout policy on file.
The companyβs own word sets this dividend; it does not move with the rate.
| Output | Model | Your scenario | Ξ |
|---|---|---|---|
| Estimated DPS, $/share stated | $0.00 | ||
| Forward yield, run-rate % | 0.0% |
Not in the box: Kamsarmax, Ultramax β no market rate or guidance prices these classes (see the model's gaps).
Yield annualises the quarterβs DPS Γ 4 (a run-rate, not a forecast of the year) against the $7.50 close on 2026-10-16.
This dividend is set by the company's stated decision to pay none, not by the rate β your scenario moves the cash line, not the DPS.
Showing the modelβs own figures. Setting your own rates needs JavaScript.
Market context β rates, the dividend, and the price
Rates and dividend β realized rate and declared
Bars are the fleet TCE this issuer reported. Dashed-outline bars are the model estimate β see Dividend forecast.
The line is the declared dividend per share β dashed where it is the model's estimate. Model estimate β not issuer guidance.
How we got the number
How to read this page
Every figure here is built the same way: the fleet's vessel-days are priced at the rate its classes earned, costs and debt service come off, and what is left is measured against the dividend the company actually declared. Nothing is estimated where it can be sourced, and a number that cannot be sourced is withheld rather than filled in. The full method, and the rates behind it β
Where PXS departs from that
- The company has said it pays no dividend, so the page publishes $0.00 with its own words rather than a model figure.
What drives it β fleet TCE, 2026Q3
Earnings bridge β 2026Q2 β 2026Q3
Financials & fleet
Latest quarter 2026Q2 2 qtrs old
2Γ kamsarmax Β· 3Γ mr Β· 1Γ ultramax current
Fleet model β 2026Q3
Fleet model estimate β not issuer guidance.
| Class | Ships | TC | Spot | % Fixed | Guided $/d | Spot $/d | Blended $/d | QTD rev $M | Modeled Q rev $M |
|---|---|---|---|---|---|---|---|---|---|
| MR | 3 | β | β | 100% | 22,000 | 34,223 | 22,000 | β | 6.1 |
| Kamsarmax | 2 | β | β | β | β | β | β | β | β |
| Ultramax | 1 | β | β | β | β | β | β | β | β |
| Total | 6 | 22,000 | β | 6.1 | |||||
Guided rates are issuer-booked cover for 2026Q3 blended with Gibson and route-basket spot medians for the open days.
Bear, Base and Bull use booked coverage only for open vessels on a market index β this issuer has no realized-TCE history to anchor the index to what its fleet earns.
Model gaps & assumptions
mr: using issuer guidance 100% fixed @ $22,000/day Β· kamsarmax: no market proxy prices this class and no issuer guidance on file -> class estimate stays dark Β· ultramax: no market proxy prices this class and no issuer guidance on file -> class estimate stays dark Β· mr: 2026Q3 has ended β open days are priced at the mean of its own monthly medians, $34,223/day, not the newest month (owner 2026-10-19) Β· fleet TCE covers the priced classes only (mr); dark classes (kamsarmax, ultramax) carry 50% of the fleet's vessel-days on file and are excluded from the mean β named, not hidden Β· estimate base 2025Q4 predates 2026Q2, the quarter before the 2026Q3 forecast Β· no dividend, in the company's words: βWe do not intend to pay dividends to holders of our common shares in the near future.β (2026-09-04)
Realized fleet TCE
Realized fleet TCE versus benchmark: 1 points, 2026-04-01 to 2026-04-01; Realized fleet TCE latest 21,899.00.
Benchmark comparison will appear once issuer-printed benchmark data is available.
Guidance & sources
Issuer guidance β forward-looking
| Period | Metric | Value | Coverage | As of | Source |
|---|---|---|---|---|---|
| 2027FY | Fleet charters expiring (vessels) | 1 vessels | β | 2026-08-31 |
Sources β press, filings & documents
Press & filings by quarter
| Quarter | Report | Presentation | Dividend | Other |
|---|---|---|---|---|
| 2026Q3 | 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit | β | β | β |
| 2026Q2 | 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K, 6-K exhibit, 6-K exhibit, 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 20-F | β | β | β |
| 2026Q1 | 6-K, 6-K exhibit | β | β | β |
| 2025Q4 | 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K | β | β | β |
| 2025Q3 | 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K | β | β | β |
| 2025Q2 | 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit | β | β | β |
| 2025Q1 | 6-K, 6-K exhibit, 6-K exhibit, 6-K exhibit, 6-K exhibit, 20-F | β | β | β |
Recent documents
- edgar 2026-09-04 6-K β Current Report (2026-09-04)
- edgar 2026-09-04 6-K exhibit (2026-09-04)
- edgar 2026-09-04 6-K exhibit (2026-09-04)
- edgar 2026-09-04 6-K exhibit (2026-09-04)
- edgar 2026-09-04 6-K exhibit (2026-09-04)
- edgar 2026-09-04 6-K exhibit (2026-09-04)
- edgar 2026-05-26 6-K β Current Report (2026-05-26)
- edgar 2026-05-26 6-K exhibit (2026-05-26)
- edgar 2026-05-26 6-K exhibit (2026-05-26)
- edgar 2026-05-26 6-K exhibit (2026-05-26)
- edgar 2026-04-24 6-K β Current Report (2026-04-24)
- edgar 2026-04-24 6-K exhibit (2026-04-24)