Pyxis Tankers Inc. · NASDAQ:PXS
Pyxis Tankers — Q2 2026 Earnings Presentation
16 slides from Pyxis Tankers's earnings presentation, August 2026
Slide 1: Second Quarter 2026 Results & Investor Presentation
Second Quarter 2026 Results & Investor Presentation Diversified fleet of eco-efficient MR tankers and dry-bulk carriers with strong liquidity, embedded earnings upside and disciplined capital allocation $0.27 $2.8M $6.5M $103M Q2'26 EPS Q2’26 Net Income Adjusted EBITDA Total Liquidity (vs -$0.19 Q2’
Slide 2: Forward-Looking Statements & Information
DISCLAIMER Forward-Looking Statements & Information NASDAQ: PXS | Pyxistankers.com This presentation contains forward-looking statements and forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. The words “expecte
Slide 3: Why Invest in Pyxis Tankers?
INVESTMENT HIGHLIGHTS Why Invest in Pyxis Tankers? NASDAQ: PXS | Pyxistankers.com A founder-led shipping platform combining earnings momentum, strong liquidity and disciplined capital allocation 58.7% 6 99.6% $6.5M $103M CEO Ownership Operating Vessels Q2 Fleet Utilization Q2 Adjusted EBITDA Total L
Slide 4: Q2 2026 Performance Overview
STRONGEST QUARTER IN SEVEN QUARTERS Q2 2026 Performance Overview NASDAQ: PXS | Pyxistankers.com Broad-based earnings improvement across both product tankers and dry bulk $11.5M $21,075/day $6.5M $2.8M $0.27 99.6% TCE Revenue Fleet Avg. Daily TCE Rate Adjusted EBITDA Net Income to PXS EPS Fleet Utili
Slide 5: Financial Performance
Q2 2026 VS. Q2 2025 Financial Performance NASDAQ: PXS | Pyxistankers.com Earnings inflection driven by stronger dry-bulk rates, high utilization and improved operating leverage Strongest results in seven quarters Balance Sheet (June 30, 2026) ($000s, except daily rates and per-share data) Q2 2025 Q2
Slide 6: Fleet Overview & Q3 Charter Coverage
SIX ECO-EFFICIENT VESSELS Fleet Overview & Q3 Charter Coverage NASDAQ: PXS | Pyxistankers.com 3 MR2 product tankers & 3 mid-size dry-bulk carriers Q3 2026 Forward Coverage MR2 PRODUCT TANKERS | Avg. Age 11.7 yrs | Built in South Korea Vessel Pyxis Lamda DWT 50,145 Built 2017 Charter Rate $23,000/d R
Slide 7: Balance Sheet Strength & Capital Flexibility
LIQUIDITY & CAPITAL STRUCTURE Balance Sheet Strength & Capital Flexibility NASDAQ: PXS | Pyxistankers.com Substantial liquidity and a staggered debt profile support selective growth and downside protection $58.2M $45.0M $103M $83.2M 13% LTV 5.62% Cash & cash equivalents Undrawn Acquisition Facility
Slide 8: Valuation Gap & Rerating Opportunity
COMMON EQUITY Valuation Gap & Rerating Opportunity NASDAQ: PXS | Pyxistankers.com Earnings have inflected while the common shares continue to trade at a substantial discount to management-estimated NAV Net Asset Value Analysis Share Price vs. Value Reference Points Other Assets ~$6.1M ~$253.6M (~$83
Slide 9: Disciplined Capital Allocation Framework
LONG-TERM VALUE CREATION Disciplined Capital Allocation Framework NASDAQ: PXS | Pyxistankers.com Deploy capital only where expected returns compare favorably with alternative uses and enhance per-share value Protect Liquidity & Pursue Accretive Repurchase Below Grow NAV & EPS per Manage Downside Gro
Slide 10: Product Tanker Market
MARKET UPDATE Product Tanker Market NASDAQ: PXS | Pyxistankers.com Exceptional Q2 earnings have normalized from the geopolitical peak, but medium-term rate indicators remain firm ~$43k/d ~$27k/d ~$29k/d Q2 Eco MR Spot QTD Eco MR Spot Current 1-Year Eco MR TC +90% YoY normalized from peak firm medium
Slide 11: Dry-Bulk Market
MARKET UPDATE Dry-Bulk Market NASDAQ: PXS | Pyxistankers.com Improved tonne-mile demand and firmer asset values supported a material earnings recovery in 1H 2026 $19.2k/d ~$19.7k/d >$20k/d Q2 Spot Panamax (BPI-82) QTD Spot Panamax (BPI-82) Recent Fixtures +69% YoY +24% YoY firm post-Q2 market What i
Slide 12: Favorable Long-Term Fundamentals
MARITIME ASSET BACKDROP Favorable Long-Term Fundamentals NASDAQ: PXS | Pyxistankers.com Demand diversification and supply-side constraints support the strategic value of modern, eco-efficient vessels GLOBAL MEGA TRENDS Growing Trade & Supply Chain Expanding Real Assets & Inflation Energy Demand Dive
Slide 13: Strong Customer Base
COMMERCIAL PLATFORM Strong Customer Base NASDAQ: PXS | Pyxistankers.com Established relationships across product tankers and dry bulk support utilization and chartering opportunities through cycles Selected Current and Historical Charterers Why it matters Charterer quality, repeat business and opera
Slide 14: Experienced & Aligned Management Team
LEADERSHIP Experienced & Aligned Management Team NASDAQ: PXS | Pyxistankers.com Operating, financial and capital-markets experience across multiple shipping cycles Valentios “Eddie” Valentis Fotis Giannakoulis Konstantinos “Kostas” Lytras Founder, Chairman & CEO CFO & Treasurer COO & Corporate Secre
Slide 15: Definitions & Non-GAAP Measures
APPENDIX Definitions & Non-GAAP Measures NASDAQ: PXS | Pyxistankers.com Daily TCE: Daily time charter equivalent (“TCE”) is a shipping industry performance measure of the average daily revenue performance of a vessel during the relevant period. TCE Revenues are calculated as revenues, net, less voya
Slide 16: Investor Relations
Investor Relations Pyxis Tankers Inc. ir@pyxistankers.com Pyxistankers.com NASDAQ: PXS DISCIPLINED EXECUTION | STRONG LIQUIDITY | LONG-TERM VALUE CREATION