Overseas Shipholding Group (OSG) Reports Q2 Loss of $0.02

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Go back to Overseas Shipholding Group (OSG) Reports Q2 Loss of $0.02

Overseas Shipholding Group Reports Second Quarter 2019 Results

August 9, 2019 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 2019.

Highlights

Net loss for the second quarter 2019 was $1.7 million, or ($0.02) per diluted share, compared with net income of $3.1 million, or $0.03 per diluted share, for the second quarter 2018. Net income for the second quarter 2019 before accounting reserves for Philadelphia Energy Solutions was $1.6 million, or $0.02 per diluted... More