Pyxis Tankers (PXS) has released an update.
Pyxis Tankers Inc. reported a significant increase in net income for Q4 2023 to $21.6 million, up from $6.5 million in the same period of the previous year, buoyed by a substantial gain from the sale of a vessel. The company experienced a decrease in Time Charter Equivalent revenues and adjusted EBITDA, but also expanded into the dry-bulk sector with the recent acquisition of two eco-efficient vessels. Despite a reduction in net revenues year-over-year, the outlook for the tanker and dry-bulk markets remains positive with strong global demand anticipated to continue.
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