Overseas Shipholding Group (OSG) Reports Q4 Loss of $0.05 on Revenues of $89.2M

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Go back to Overseas Shipholding Group (OSG) Reports Q4 Loss of $0.05 on Revenues of $89.2M

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2018 Results

March 8, 2019 7:30 AM EST

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 fourth quarter and full year 2018.

Highlights

Net loss for the fourth quarter was $5.2 million, or $(0.05) per diluted share, compared with net income of $53.6 million, or $0.61 per diluted share for the fourth quarter 2017. Net income for the full year 2018 was $13.5 million, or $0.15 per diluted share, compared with $56.0 million, or $0.64... More