TOP SHIPS INC.
No SEC Form 4 filings for $TOPS in the last 30 days.
See all $TOPS insider activity →TOP SHIPS INC. (TOPS) furnished an SEC Form 6-K — earnings release. EXHIBIT 99.1 TOP Ships Inc. Announces Net Income of $6.5 Million, Diluted Earnings per Share of $0.61 and Stockholders’ Equity of $76.7 Million for the Six Months Ended June 30, 2026 ATHENS, Greece, Sept. 16, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”)
TOP Ships Inc. (TOPS) reported a net income of $6.5 million for the first half of 2026, with revenues of $25.5 million and EBITDA of $17.2 million. The company has secured long-term charters for new vessels, totaling $680.4 million in contracted revenue. It also plans to divest its megayacht and redeploy capital into its core tanker business.
Top Ships Inc. (NYSE American: TOPS) said it signed a share purchase agreement to acquire three SPVs owning contracts for three ECO, scrubber-fitted MR product tanker newbuildings, delivered in 2029. The vessels have five-year time charters with an oil major, with a one-year option. Potential gross revenue backlog is about $140.6 million. Purchase price is about $7.4 million, expected to close by Sept. 30, 2026.
Over the past 7 days, AlphAI's AI scored 2 news stories mentioning TOPS (TOP SHIPS INC.). Coverage has skewed bullish: 2 bullish, 0 neutral, and 0 bearish.
Recent TOPS coverage spans corporate actions, financial news and earnings.
Earnings beat expectations on profit and cash flow, may support short-term price upside.
Positive earnings and growth program may support near‑term price appreciation.
Deal adds long-duration, optionable charter-backed revenue visibility, but the small consideration versus large backlog implies execution and financing risk into 2029 deliveries.
The update is a balance-sheet valuation mark that can shift investor perception of asset coverage and downside risk.
Divesting a megayacht asset to free capital is a balance-sheet and strategy signal, but proceeds and timing are uncertain.
AlphAI scores every news story that mentions TOPS with an AI model for sentiment and relevance, and aggregates insider trades from TOP SHIPS INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
TOP SHIPS INC. (TOPS) furnished an SEC Form 6-K — earnings release. EXHIBIT 99.1 TOP Ships Inc. Announces Net Income of $6.5 Million, Diluted Earnings per Share of $0.61 and Stockholders’ Equity of $76.7 Million for the Six Months Ended June 30, 2026 ATHENS, Greece, Sept. 16, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”)
2 min readTOP Ships Inc. (TOPS) reported a net income of $6.5 million for the first half of 2026, with revenues of $25.5 million and EBITDA of $17.2 million. The company has secured long-term charters for new vessels, totaling $680.4 million in contracted revenue. It also plans to divest its megayacht and redeploy capital into its core tanker business.
2 min readTop Ships Inc. (NYSE American: TOPS) said it signed a share purchase agreement to acquire three SPVs owning contracts for three ECO, scrubber-fitted MR product tanker newbuildings, delivered in 2029. The vessels have five-year time charters with an oil major, with a one-year option. Potential gross revenue backlog is about $140.6 million. Purchase price is about $7.4 million, expected to close by Sept. 30, 2026.
4 min readTOP Ships Inc. said its management estimate of net asset value (NAV) as of June 30, 2026 is $359.2 million, up 24% from the NAV previously reported on March 10, 2026. The estimate uses June 30, 2026 charter-free vessel values from third-party brokers, plus debt and cash. NAV is $47.19 per common share, $12.49 per fully diluted share.
2 min readTOP Ships Inc. (NYSE American: TOPS) said it plans to sell the M/Y Para Bellvm, a 47-meter Sanlorenzo yacht built in 2023, and exit the megayacht sector. The company expects the sale to release significant capital, potentially a multiple of its market capitalization, to redeploy into its ECO tanker business, though no sale is assured.
2 min readTOP Ships Inc. (NYSE American: TOPS) said it will not exercise its option to buy a Dubai residential real estate portfolio outlined in a Nov. 28, 2025 letter of intent. The $23.5 million advance cash payment will be refunded, and the company has no further obligations. TOPS plans to redeploy the capital to its tanker business.
2 min readTOP Ships Inc. said it agreed to sell 100% of an SPV holding a contract for a 47,499 dwt ECO MR product/chemical tanker under construction at Guangzhou Shipyard, with delivery expected in 2029. The sale price is about $6.25 million, paid at closing, expected by Sept. 30, 2026, subject to conditions. The board’s special committee approved the deal after a fairness opinion.
2 min readTOP Ships Inc. announced an agreement to acquire nine new "ECO" MR product/chemical oil tankers with time charter employment. The acquisition, valued at approximately $41 million, includes potential gross revenue backlog of about $679 million from seven-year time charter contracts for all vessels. This transaction was approved by a special committee of independent directors due to its related-party nature.
3 min readTOP Ships Inc. has amended the time charter agreement for its Suezmax tanker M/T Eco Oceano, increasing the daily rate to $30,000 for a new five-year term starting January 1, 2026. The amended charter includes a February 2027 purchase option for $70 million and was approved by an independent board committee with a fairness opinion, indicating an effort to address related-party transaction concerns. TipRanks' AI Analyst, Spark, rates TOPS as Neutral, highlighting potential value due to an undervalued P/E but balanced by moderate financial performance and high leverage.
3 min readATHENS, Greece, Nov. 20, 2025 ( GLOBE NEWSWIRE ) -- Top Ships Inc. ( the "Company" or "TOPS" ) ( NYSE:TOPS ) , an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has extended the time charter agreement with Weco Tankers A/S by three years ...
2 min read
