PXS - Earnings call transcript Q4 2023

you months our XX, and thank of for XXXX. and X the year everyone, for call joining results Hello, ended December have The the conflict seaborne global the been war in effects the compounded Sea. trade Red by on Russia-Ukraine from economic policies and monetary resilient, especially the many central banks. has in By activity been OECD the global despite large, by tight

characterized Fortunately, cuts markets, The strong year. our X healthy later product carriers inflation and by fundamentals market is bulk dynamic and decelerating and and values. there are beyond rates this prospects of our interest dry tankers rising control. rate charter But are for are asset conditions

expect to we these navigate through uncertain times. So to continue successfully

Before that today, which most important read, to you. commenting results presentation some financial please we including solid notifications our forward-looking include your for and on Slide attention recommend recent legal on you X the let Thank statements. our operating will period, me draw

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generated quarterly despite $XX.X our in product report results TCE time same the in proceeds. and we sale performance cash of to the reflected XXXX financial charter tankers. Our we quarter gain the XXXX, a realize fewer most XXXX. December tanker operating recent XX.X% completed in million healthy period profitability ended a XXXX, million based XX, and revenues equivalent net fourth revenues decrease million, of December the $XX In of XX.X consolidated In over

approximately XXXX quarter TCE spot which daily activity. last less Our to was down $XX,XXX, due chartering X% our QX in the year EMRs was over same for

up on basic reported or due EPS, dramatically net was For income the sales. of $X.XX we gain most to vessel the million recent which period, $XX.X

million. solid was XXXX QX in EBITDA a $X.X adjusted Our

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support outlook developments charter rates. These constructive product for a tanker still

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Valentios Valentis	executive
Henry Williams	executive

Pyxis Tankers (PXS) 14 Mar 242023 Q4 Earnings call transcript