Greece's C3is Q4 revenue rises

Reuters

Feb 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.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4021","symbol_name":"海运","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260219:nL1N3ZF0OC:1","article_id":"2612283911","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612283911","pubTimestamp":1771510821,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Greece's C3is Q4 revenue risesOverviewGreece-based shipowner's Q4 revenue rose yr/yr, driven by higher TCE ratesNet income for Q4 was $5.2 mln, with EPS of $5.82Company acquiring two product tankers, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4021":"海运","CISS":"C3is"},"translate_title":"希腊C3is第四季度收入增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CISS":0.9},"content_text":"Greece's C3is Q4 revenue rises OverviewGreece-based shipowner's Q4 revenue rose yr/yr, driven by higher TCE ratesNet income for Q4 was $5.2 mln, with EPS of $5.82Company acquiring two product tankers, delivery expected in 2026OutlookCompany 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 demandCompany anticipates global seaborne trade growth driven by population and biofuel demandResult DriversHIGHER TCE RATES - Q4 revenue increase driven by 24% rise in daily TCE compared to Q4 2024SPOT MARKET PERFORMANCE - Aframax tanker achieved high voyage charter rates of around $60,000 per day in spot marketCOST REDUCTIONS - Decrease in voyage and operating expenses due to lower bunker consumption and maintenance costsKey DetailsMetricBeat/MissActualConsensus EstimateQ4 Revenue$10.60 mlnQ4 Net Income$5.20 mlnQ4 Basic EPS$5.20Q4 EBITDA$6.70 mlnPress Release: ID:nGNX2yTqsKFor 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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}