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Pyxis Tankers reported a profitable but revenue-declining Q1, with stock dipping post-earnings.
Pyxis Tankers reported a net income of $0.03 per share for the first quarter of 2025, with a net margin of 65.17% and return on equity of 32.93%.
The company's stock price fell by $0.03 to $3.28 during midday trading on the earnings report day.
Despite a decrease in revenues and TCE revenues from the previous year, Pyxis Tankers remained profitable.
The CEO noted challenging market conditions ahead for the shipping sector, with expectations of increased vessel supply and stable global demand for seaborne cargoes.
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Pyxis Tankers informó de un Q1 rentable, pero decreciente de ingresos, con existencias que se sumergen después de las ganancias.