Icon Energy (ICON)
Owns and charters dry-bulk vessels for global commodity transport.
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Owns and charters a small dry-bulk fleet that transports commodities worldwide, earning mainly fixed-rate and Baltic-index-linked time-charter hire. Corporate, commercial and technical operations are supplied by CEO-controlled Pavimar, while charterers determine vessel deployment within charter limits.
Operates a three-vessel dry-bulk fleet—Panamax Alfa, Kamsarmax Bravo and Eco Ultramax Charlie—moving grains, minerals, iron ore, coal and bauxite for operators, commodity traders and end users worldwide. Revenue primarily comes from fixed-rate and Baltic-index-linked time charters, with voyage charters also available; charterers generally bear voyage expenses while vessel ownership retains crew, insurance, maintenance, repairs, drydocking and surveys.
Owns Alfa and Bravo and accounts for Charlie under a finance lease, while Pavimar, controlled by its chairwoman and CEO, supplies corporate, commercial and technical management. Revenue depends on a concentrated charterer base, external financing, and compliance with maritime and environmental rules. Vessels are deployed worldwide within charter limits and remain exposed to war, sanctions, piracy and route disruption.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.7M · Total debt $33.8M · Total assets $64.8M · Shareholders' equity $27.4M
- Revenue
- $4.2M
- Operating income
- −$148.0K
- Net income
- −$784.0K
HistoryDividendAnnual yield
| Institutions | 391.29% | 67.7K ADS | |
|---|---|---|---|
| 5 holders · as of Jun 30, 2026 | |||
| Insiders | 0.72% | 125 ADS | |
| 1 holder · as of Mar 27, 2026 | |||
| Adds to | 392.01% | ||
17.3K ADS (1 ADS = 8 ordinary shares) as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (17.3K in the company's Sep 23, 2026 report, 397.8K elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 392.01%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Citadel Advisors LLCInstitution | 283.43% | 49,031 ADS | as of Jun 30, 2026 |
HRT Financial LPInstitution | 107.65% | 18,623 ADS | as of Jun 30, 2026 |
Ismini Evangelia PanagiotidiInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 0.72% | 1,000 ordinary | filed Mar 27, 2026 |
Allworth Financial LPInstitution | 0.14% | 25 ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.06% | 10 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Star Bulk Carriers
Scale competitor across Panamax, Kamsarmax and Ultramax capacity.
- Diana Shipping
Direct rival across all three mid-sized dry-bulk vessel classes.
- EuroDry
Exact fleet-class overlap in global dry-bulk spot and period charters.
- Pyxis Tankers
Close-format rival in eco Kamsarmax and Ultramax charters.
- Safe Bulkers
Large Panamax and Kamsarmax rival for global bulk-charter programs.
- Pangaea Logistics Solutions
Cargo-focused rival in Panamax and Ultramax dry-bulk logistics.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Icon Energy | $0.9975 | −0.75% | $399.8K | — | — | 0.0 | +107.0% |
| Star Bulk Carriers | $30.42 | −1.70% | $3.45B | 12.1 | 7.1 | 2.9 | +61.6% |
| Diana Shipping | $2.90 | −0.86% | $360.7M | 6.0 | 6.1 | 1.7 | +4.8% |
| EuroDry | $51.40 | −4.96% | $156.3M | 16.3 | 8.7 | 2.5 | +56.9% |
| Pyxis Tankers | $6.69 | +0.38% | $68.2M | 8.2 | — | 1.6 | +32.6% |
| Safe Bulkers | $8.31 | −2.06% | $863.5M | 10.9 | 12.1 | 2.8 | +33.0% |
| Pangaea Logistics Solutions | $8.17 | −2.57% | $548.2M | 11.2 | 9.5 | 0.8 | +19.4% |
| Median | 11.0 | 8.7 | 2.1 | +32.8% |