Greece's C3is Q4 revenue rises

Reuters
02/19
Greece's <a href="https://laohu8.com/S/CISS">C3is</a> Q4 revenue rises 

Overview

  • Greece-based shipowner's Q4 revenue rose yr/yr, driven by higher TCE rates

  • Net income for Q4 was $5.2 mln, with EPS of $5.82

  • Company acquiring two product tankers, delivery expected in 2026

Outlook

  • Company expects delivery of two product tankers in 2026, expanding fleet capacity by 387%

  • C3is sees strong market fundamentals with elevated freight rates and resilient oil demand

  • Company anticipates global seaborne trade growth driven by population and biofuel demand

Result Drivers

  • HIGHER TCE RATES - Q4 revenue increase driven by 24% rise in daily TCE compared to Q4 2024

  • SPOT MARKET PERFORMANCE - Aframax tanker achieved high voyage charter rates of around $60,000 per day in spot market

  • COST REDUCTIONS - Decrease in voyage and operating expenses due to lower bunker consumption and maintenance costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$10.60 mln

Q4 Net Income

$5.20 mln

Q4 Basic EPS

$5.20

Q4 EBITDA

$6.70 mln

Press Release: ID:nGNX2yTqsK

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10