$18.350
+0.070 (+0.38%)At close
CMBT News
CMBT Events
CMB.Tech Reports Q2 Revenue of $703.94M, Beating Expectations
Reports Q2 revenue $703.94M, consensus $493.76M. "CMB.Tech achieved excellent results in the second quarter of 2026, supported by continued strength in tanker and dry bulk markets. We continue to make hay while the sun shines, building on the important strategic decisions taken over the past three years: diversifying beyond tankers, acquiring Golden Ocean and investing in a future-proof newbuilding programme. While uncertainties remain around global trade, geopolitical tensions and the tanker orderbook, CMB.TECH is well positioned to navigate changing market conditions and to continue creating long-term value." - Alexander Saverys, CEO CMB.Tech.
CMB.Tech Shares Rise 12.4% to $16.92
CMB.Tech is up 12.4%, or $1.86 to $16.92.
Significant Increases in Indicative Borrow Rates for Liquid Options
Latest data shows the largest indicative borrow rate increases among liquid option names include: Lands End (LE) 4.08% +3.37, Hertz Global Holdings (HTZ) 7.33% +2.21, SPDR S&P Insurance (KIE) 6.72% +1.76, Upexi (UPXI) 28.77% +1.58, 2X LONG VIX FUTURES ETF (UVIX) 20.18% +1.43, Defiance 1.75x MSTR ETF (MSTX) 37.70% +1.30, Market Vectors BDC Income (BIZD) 8.22% +1.28, Euronav NV (CMBT) 1.73% +0.99, TSLR ETF (TSLR) 6.99% +0.55, and Direxion Daily Small Cap Bear 3X Shares (TZA) 13.61% +0.51.
Company Reports Q4 Revenue of $589.12M, Exceeds Expectations
Reports Q4 revenue $589.12M, consensus $450.29M. Commenting on the Q4 results, Alexander Saverys said: "Tanker markets continue to defy gravity due to a mix of shifting trade patterns, modest newbuilding deliveries and a particularly active tanker owner/operator who is adding fuel to the fire. Dry bulk freight rates have also held up very well during Q4 and well into Q1. With two CSOVs delivered to our fleet, we are starting to generate meaningful cash flows in the offshore supply markets. The versatile nature of our ships allows us to serve wind and oil and gas customers alike."
Benoit Timmermans Resigns from CMB.Tech Management Board
Benoit Timmermans has decided to resign as member of the management board of CMB.Tech with effect as of May 1. Benoit Timmermans joined the management board of CMB.Tech as chief strategy officer and has assisted the company in the transition from a pure-play crude oil tanker player to a large and diversified maritime group. For the time being, Timmermans will not be replaced. His responsibilities will be taken over by the current members of the management board.
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