Overseas Shipholding Group (OSG) Reports Q2 EPS of $0.03 on Revenues of $95.4M

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Go back to Overseas Shipholding Group (OSG) Reports Q2 EPS of $0.03 on Revenues of $95.4M

Overseas Shipholding Group Reports Second Quarter 2018 Results

August 9, 2018 7:30 AM EDT

TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the second quarter 2018.

Highlights

Net income for the second quarter was $3.1 million, or $0.03 per diluted share, compared with net income of $3.2 million, or $0.04 per diluted share, for the second quarter 2017. Shipping revenues for the second quarter 2018 were $95.4 million, down 0.9% compared with the same period in 2017. Time charter equivalent... More