Overseas Shipholding (OSGB) Reports Q2 EPS of $0.11
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Overseas Shipholding Group Reports Second Quarter 2015 Results
August 10, 2015 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (OSG) (NYSE MKT: OSGB), a provider of oceangoing energy transportation services, today reported results for the quarter ended June 30, 2015.
Highlights
Time charter equivalent (TCE) revenues(1) for the second quarter of 2015 totaled $235.2 million, up 37% compared with the same period in 2014. Net income for the second quarter was $58.4 million, or $0.11 per diluted share. Adjusted EBITDA(2) was $130.2 million, more than doubling from $55.2 million in the same period in 2014. Generated $156.1... More