Icon Energy Corp (ICON) News & EventsICONIcon Energy Corp

Company Expects Q1 2026 Daily Hire Rate to Reach $14,000

The company states: "All of our vessels are currently employed on time charters, earning hire at floating daily rates linked to the Baltic Panamax Index and the Baltic Supramax Index, a strategy that enables us to maintain high fleet utilization while preserving exposure to market upside. The average gross hire rate for each of our vessels in the first quarter of 2026 is expected to be approximately $14,000 per day, up 63% from $8,600 per day during the first quarter of 2025. Earnings growth is amplified by the addition of the M/V Charlie to our fleet in June 2025, which is expected to drive a 50% year-on-year increase in Operating Days. As a result, revenue, net during the first three months of 2026 is expected to be between $3.5 million and $3.7 million, more than doubling from $1.5 million during the corresponding period in 2025."

Icon Energy Files to Sell 9.81M Common Shares

Icon Energy files to sell 9.81M common shares for holders

Icon Energy Sells 680,023 Shares Under SEPA, Netting $2.3M

Icon Energy has sold an aggregate of 680,023 shares of the Company's common shares pursuant to advances under the Standby Equity Purchase Agreement, generating net proceeds of $2.3M at an average price per share of $3.31. As previously announced, Icon entered into the SEPA with an investor on August 27, 2025. Subject to its terms and conditions, Icon has the right to issue to the investor, and the investor has the obligation to purchase up to $20M worth of the Company's common shares over a period of three years.