Okeanis Eco Tankers Corp.

Okeanis Eco Tankers Corp. Earnings Recaps

ECO Industrials 1 recap
Q3 2025 Nov 14, 2025

Okeanis Eco Tankers reported robust Q3 2025 results with adjusted EBITDA of $45.2 million and a consistent dividend of $0.75 per share, reflecting strategic asset management amidst a seasonally low period.

Key takeaways
  • Achieved fleet-wide time charter equivalent of approximately $47,000 per vessel per day, with VLCCs at $46,000 and Suezmaxes at $48,000.
  • Declared a 14th consecutive dividend of $0.75 per share, bringing total distributions over the last year to $2.12 per share.
  • Successfully positioned fleet for Q4, with 80% of VLCC spot days contracted at $88,100 per day, indicating strong future earnings potential.
  • Fleet utilization remained near perfect, significantly outpacing peers with performance improvements of 30% for VLCCs and 45% for Suezmaxes.
  • Maintained a strong balance sheet with $58 million in cash and improved refinancing terms, enhancing operational flexibility and cost efficiency.
Full recap