Gener8 Maritime (GNRT) Tops Q1 EPS by 10c
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Gener8 Maritime, Inc. Announces First Quarter 2016 Financial Results
May 11, 2016 5:00 PM EDTNEW YORK, May 11, 2016 /PRNewswire/ --Â Gener8 Maritime, Inc. (NYSE: GNRT) ("Gener8 Maritime" or the "Company"), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced its financial results for the three months ended March 31, 2016.
Highlights
Recorded adjusted net income of $64.8 million, or $0.78 basic and diluted adjusted earnings per share, for the three months ended March 31, 2016, a 107% increase in adjusted net income compared to the same period in the prior year. Increased net voyage revenue by $46.2 million, or 61.2%, to $121.7... More