Okeanis Eco Tankers Corp. (ECO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to OET's second quarter 2026 financial results presentation. We will begin shortly. Aristidis Alafouzos, CEO, and Iraklis Sbarounis, CFO of Okeanis Eco Tankers, will take you through the presentation. They will be pleased to address any questions raised at the end of the call. Matters that are forward-looking in nature will be discussed, and actual results may differ from the expectations reflected in such forward-looking statements. Please read through the relevant disclaimer on slide 2. I would like to advise you that this session is being recorded. Aristidis will begin the presentation now. Thank you for taking the time to join our Q2 2026 call. Q2 was the strongest quarter in our history and the first half of 2026 was also the strongest six months period since our inception. Adjusted EPS was $5.91 for the quarter and $8.28 for the first half of the year. Iraklis will take you through the financial results in detail shortly. I want to thank the whole OET team as well as Kiklades for amazing work this quarter, which allowed us to achieve these results. During the period, we also completed the delivery of the four Suezmax vessels acquired through our two equity raises. With Nisos Tigani delivered in May and Nisos Vus in July, our 18 vessel fleet is now fully delivered. The second half of this year has similarly fantastic prospects, and the team here is focused on continuing to deliver. I will now hand over to Iraklis. Thank you, Aristidis. I'm pleased to go through our second quarter earnings, a quarter that has been a record in our history, starting with slide four. We achieved fleet-wide time-chartered equivalent of about $181,000 per vessel per day. That's $214,000 per day on our spot and $188,000 on operating DXCC days and $175,000 on our serious max ope...