Overseas Shipholding Group (OSG) Reports Q2 EPS of $0.31
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Overseas Shipholding Group Reports Second Quarter 2016 Results
August 9, 2016 7:01 AM EDTNEW YORK--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (OSG) (NYSE: OSG), a provider of oceangoing energy transportation services, today reported results for the quarter ended June 30, 2016.
Highlights
Time charter equivalent (TCE) revenues(A) for the second quarter of 2016 were $215.7 million, down 8% compared with the same period in 2015. Net income for the second quarter was $29.9 million, or $0.31 per diluted share, compared with $58.4 million, or $0.60 per diluted share, in the second quarter of 2015. Adjusted EBITDA(B) was $110.1 million, down 15% from $130.2 million in the same period in 2015.... More