Overseas Shipholding Group (OSG) Misses Q3 EPS by 17c
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Overseas Shipholding Group Reports Third Quarter 2019 Results
November 8, 2019 7:30 AM ESTTAMPA, 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 third quarter 2019.
Highlights
Shipping revenues for the third quarter 2019 were $80.9 million, up 0.5% compared with the same period in 2018. Time charter equivalent (TCE) revenues(A), a non-GAAP measure, for the third quarter 2019 were $76.5 million, up 6.2% compared with the third quarter 2018. Third quarter 2019 Adjusted EBITDA(B), a non-GAAP... More