Pyxis Tankers Inc.
PXSAW
NASDAQ Capital Market0.02
USD
-0.01
- -
CIK
0001640043
ISIN
MHY717261223
CUSIP
Y71726106
Return %
Stock
S&P500
1Y
-96.54
26.53
3Y
-98.20
76.60
5Y
-93.32
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Valentios Valentis
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 59 K. Karamanli Street Maroussi Greece 15125
- IPO Date
- Nov 4, 2015
- CIK
- 0001640043
- Website
- pyxistankers.com
- Similar Companies
- Business
- Pyxis Tankers Inc. (NASDAQ: PXS) is an international maritime transportation company that owns and operates a modern fleet of eco-efficient, mid-sized vessels engaged in the seaborne transportation of refined petroleum products and dry bulk commodities. The company focuses on medium-range (MR2) product tankers with a combined carrying capacity of 148,592 dwt and an average age of 11.1 years, capable of transporting naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, vegetable oils, and organic chemicals; as well as dry bulk carriers with a combined capacity of 227,632 dwt and an average age of 9.8 years, including two vessels under 60% controlling joint venture interests—a scrubber-fitted Ultramax (Konkar Ormi) and Kamsarmax (Konkar Venture)—and one wholly owned Kamsarmax sistership (Konkar Asteri), which transport coal, metal ores, grains, aggregates, and other commodities. Incorporated in 2015 and headquartered in Marousi, Greece, the company is a subsidiary of Maritime Investors Corp. and conducts operations globally with vessels employed under a mix of short- and medium-term time charters and spot market arrangements. In recent years, Pyxis Tankers has pursued a diversification strategy into the dry bulk sector, acquiring a 60% controlling interest in the 2016-built Ultramax Konkar Ormi in September 2023; completing the acquisition of the 2015-built, scrubber-fitted Kamsarmax Konkar Asteri in February 2024 for $26.6 million, funded by bank debt and cash; and closing a joint venture in June 2024 for the sistership Kamsarmax Konkar Venture (82,099 dwt), also under 60% control, for $30 million including working capital. The company secured a $45 million loan commitment in May 2025 as a "hunting license" facility to finance up to two additional modern vessels in the product tanker (45,000-115,000 dwt) or dry bulk (60,000-85,000 dwt) segments over 18 months starting June 2025, reflecting its opportunistic expansion plans amid IMO regulatory compliance. Additional recent actions include the full redemption of Series A 7.75% Convertible Preferred Stock in 2024, completion of a $3 million common share repurchase program in early 2025 acquiring 730,683 shares, and ongoing fleet optimization through prior sales of older vessels such as Pyxis Epsilon in December 2023 and Pyxis Malou in March 2023.