Pyxis Tankers Agrees to Sell Pyxis Karteria at an Expected $21.0 Million Gain $37.0 million sale price expected to generate a gain of approximately $2.05 per share and support fleet expansion and renewal
Key Highlights
- ➤$37.0 million Pyxis Karteria sale expected to generate $21.0 million gain
- ➤$2.05-per-share gain expected from the vessel sale in Q4 2026
- ➤$25.9 million net cash proceeds expected after debt repayment and expenses
- ➤Pyxis Tankers plans fleet expansion and renewal with sale proceeds
Expert Statements
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“This sale allows us to capitalize on strong tanker asset values and realize a substantial gain on our oldest vessel.”
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“We believe the price is particularly attractive when considered against both current newbuilding costs, adjusted for the vessel’s age, and its earnings potential through the cycle.”
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“Our analysis of the vessel’s remaining cash flows, taking into account operating costs, future capital requirements and market risks, supports our view that the sale offers an attractive opportunity to realize value today.”
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“The transaction strengthens our capacity to expand and renew our fleet.”
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“We will seek opportunities to acquire younger vessels offering a more attractive relationship between purchase price and expected earnings.”
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“We will remain disciplined and selective, pursuing opportunities that meet our risk-adjusted return requirements.”
Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers
“Our objective is to drive long-term growth in earnings and net asset value per share.”
Maroussi, Greece – November 12, 2026 – Pyxis Tankers Inc. (Nasdaq Capital Market: PXS) (the “Company” or “Pyxis Tankers”), an international shipping company, today announced that it has entered into an agreement to sell the Pyxis Karteria, a 46,652 dwt MR product tanker built in 2013 at Hyundai Mipo, to an unaffiliated buyer for a sale price of $37.0 million.
The sale of the Company’s oldest vessel is expected to generate a one-time gain of approximately $21.0 million, or approximately $2.05 per share, based on approximately 10.2 million shares outstanding. The sale price compares with an estimated carrying value of approximately $15.6 million at delivery. The Company expects to sell and deliver the vessel and recognize the estimated gain in the fourth quarter of 2026.
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