Okeanis Eco Tankers Corp (NYSE:ECO)

Q1 2026 Okeanis Eco Tankers Corp Earnings Call Transcript

May 14, 2026 / 07:30 PM GMT

Release Date Price: $54.59 (+0.28%)

Transcript

Key Points

Positve

Okeanis Eco Tankers Corp (ECO) reported a record quarter with fleet-wide time charter equivalent earnings of about $93,000 per vessel per day.
The company declared a 16th consecutive quarterly dividend of $2 per share, representing 88% of reported net income.
Okeanis Eco Tankers Corp (ECO) executed successful equity transactions, raising $130 million in gross proceeds.
The company has distributed approximately two and a half times its initial market cap in dividends since its IPO.
Okeanis Eco Tankers Corp (ECO) achieved perfect utilization across its fleet, with significant exposure to high market rates.

Negative

The company faced challenges with the Hormuz closure, impacting cargo availability and causing inefficiencies.
A commercial mistake was noted in fixing the Nisos Nikuria for one year at a net rate of $90,000 per day, which was lower than potential spot market earnings.
The ballast voyage from Korea to West Africa was longer than expected, negatively impacting Suezmax earnings.
Okeanis Eco Tankers Corp (ECO) has a significant amount of debt, with a balance sheet debt of $683 million.
The company faces risks related to geopolitical tensions and market volatility, particularly concerning the reopening of the Hormuz Strait.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ECO.N - Okeanis Eco Tankers Corp
Q1 2026 Okeanis Eco Tankers Corp Earnings Call
May 14, 2026 / 07:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to OET's First Quarter 2026 Financial Results Presentation. We will begin shortly. Aristit Alafozis, CEO and Herakis Esparounis, CFO of Okeanis Ecotankers, will take you through the presentation. He will be pleased to address any questions raised at the end of the call.

Matters that are forward-looking in nature will be discussed, and actual results may differ from the expectations reflected in such forward-looking statements. Please read through the relevant disclaimer on slide 2.

I would like to advise you that the session is being recorded. Aristitis will begin the presentation now.

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Unidentified_2 [2]

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