Icon Energy Corp (ICON) Form 6-K — Aug 14, 2026
Icon Energy Corp reported H1 2026 net revenue of $7.8 million, up 121% from $3.5 million a year earlier, driven by higher dry bulk charter rates and the addition of M/V Charlie. Net loss narrowed to $367,000 from $3.7 million, with loss per share of $0.95 versus $16.81, and the three-vessel fleet ran at 99.9% utilization. Cash nearly doubled to $7.7 million from $3.9 million at year-end 2025, helped by $5.9 million of net proceeds from roughly 1.98 million shares issued under the $20 million Yorkville SEPA plus $1.7 million under a $3.4 million at-the-market program with Maxim Group.
Key figures
- Revenue
- 7832000
- Total Debt
- $33.821 million ($3.049M current + $30.772M non-current)
- Revenue Yoy
- 121%
- Total Assets
- 64843000
- Cash Position
- 7716000
- Shares Outstanding
- 3759314
- Sepa commitment
- 20000000
- Atm program size
- 3400000
- Buyback authorized
- 1000000
- Revenue prior year
- 3547000
- Vessel utilization
- 99.9%
- Buyback repurchased
- 107000
- Alfa fixed hire rate
- $18,000/day June-December 2026
- Contracted revenue 2026
- 8823000
- Contracted revenue 2027
- 5046000
- Drydocking cost h1 2026
- 2700000
- Preferred dividend rate
- 25.7%
- Atm h1 2026 net proceeds
- 1749000
- Sepa remaining available
- 12668000
- Sepa h1 2026 net proceeds
- 5925000
- Equity plan common reserve
- 540000
- Minimum contracted revenue
- 13869000
- Preferred dividends h1 2026
- 2436000
- Equity plan preferred reserve
- 3200
- Equity investment container feeder
- 493000
- Restricted stock dividend commitment
- 1500000
AI analysis
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