Overseas Shipholding (OSGB) Reports Q3 EPS of $0.33

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Go back to Overseas Shipholding (OSGB) Reports Q3 EPS of $0.33

Overseas Shipholding Group Reports Third Quarter 2015 Results

November 9, 2015 7:00 AM EST

NEW YORK--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (OSG) (NYSE MKT: OSGB), a provider of oceangoing energy transportation services, today reported results for the quarter ended September 30, 2015.

Highlights

Time charter equivalent (TCE) revenues(1) for the third quarter of 2015 were $233.6 million, up 33% compared with the same period in 2014. Net income for the third quarter was $173.4 million, or $0.33 per diluted share, compared with $10.6 million, or $0.03 per diluted share, in the third quarter of 2014. The increase included net tax benefits of $119.1 million recorded in third quarter 2015 that... More