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High materiality8/10

Pyxis Lamda secures $31k/day two-year charter with CITGO, boosting visibility

Oct 6, 2026, 4:27 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Material uplift to annualized EBITDA and net income; explicit per-share impact (~$0.27) and 2-year visibility improve valuation and investor confidence.

AI summary

What happened, with direct paths to the underlying reporting

Pyxis Tankers announced a 24-month time charter for Pyxis Lamda with CITGO at $31,000 per day, beginning after a planned drydock. The arrangement is expected to generate about $21.8 million in net charter revenue over the term, with ~$7.7 million in EBITDA and ~$5.2 million in net income (~$0.51 per share). The deal improves cash-flow visibility and leverages a robust tanker market to bolster near-term earnings.

  • Pyxis Lamda inks 24-month CITGO charter at $31k/day.
  • Charter starts after drydock; nets about $21.8m over term.
  • EBITDA about $7.7m; net income around $5.2m or $0.51/share.
  • Incremental earnings ~$0.27/share; strengthens near-term cash flow.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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