Overseas Shipholding Group (OSG) Reports Q1 Loss of $0.01/sh

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Go back to Overseas Shipholding Group (OSG) Reports Q1 Loss of $0.01/sh

Overseas Shipholding Group Reports First Quarter 2022 Results

May 9, 2022 7:30 AM EDT

TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG), a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the first quarter 2022.

Shipping revenues for the first quarter 2022 were $104.0 million, an increase of $8.5 million from the fourth quarter 2021. Compared to the first quarter 2021, shipping revenues increased 28.0% from $81.3 million. Net loss for the first quarter 2022 was $509 thousand, or $(0.01) per diluted share, compared with net loss of $3.7 million, or ($0.03) per diluted share, in... More