Overseas Shipholding Group Reports Third Quarter 2020 Results

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Go back to Overseas Shipholding Group Reports Third Quarter 2020 Results

UPDATE: Overseas Shipholding Group (OSG) Reports Q3 Loss of $0.01 on Revenues of $107.7M

November 6, 2020 7:35 AM EST

(Updated - November 6, 2020 7:36 AM EST)

Overseas Shipholding Group (NYSE: OSG) reported Q3 EPS of ($0.01), versus ($0.04) reported last year. Revenue for the quarter came in at $107.7 million, versus $80.93 million reported last year.

Highlights

Net loss for the third quarter 2020 was $0.7 million, or $(0.01) per diluted share, compared with a net loss of $3.8 million, or $(0.04) per diluted share, for the third quarter 2019.Shipping revenues for the third quarter 2020 were $105.7 million, up 30.7% compared with the third quarter 2019.Time charter equivalent (TCE) revenues(A), a non-GAAP measure, for the third quarter 2020 were... More