Overseas Shipholding Group Inc. (N:OSG)

Sector:  Energy Industry:  Oil & Gas Transportation Services
See Regulatory Filings on SEC
Company Contact
Address: 302 Knights Run Ave Ste 1200
TAMPA FL 33602-5973
Tel: N/A
Website: www.osg.com
IR: See website
Key People
Samuel H. Norton
President, Chief Executive Officer, Director
Richard L. Trueblood
Chief Financial Officer, Vice President
Patrick Joseph O'Halloran
Chief Operating Officer, Vice President
Damon M. Mote
Vice President and Chief Administrative Officer
Susan Allan
Vice President, General Counsel and Corporate Secretary
Business Overview
Overseas Shipholding Group, Inc. is a holding company. The Company, through its subsidiaries, owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States Flag trades. The Company operates through two segments: International Crude Tankers and International Product Carriers. The Company manages the operations of its International Flag and the United States Flag fleets through its subsidiary, OSG Bulk Ships, Inc. (OBS). As of December 31, 2016, the Company owned or operated a fleet of 24 vessels, totaling an aggregate of a million deadweight tons (dwt). As of December 31, 2016, the Company's United States Flag Fleet consisted of 22 owned and chartered-in Jones Act Handysize Product Carriers and Articulated Tug Barges (ATBs), and two non-Jones Act United States Flag Handysize Product Carriers that participate in the United States Maritime Security Program.
Financial Overview
For the nine months ended 30 September 2019, Overseas Shipholding Group Inc. revenues decreased 7% to $257.1M. Net loss totaled $2.3M vs. income of $18.7M. Revenues reflect Voyage charter revenues decrease of 42% to $68.5M. Net loss reflects Depreciation and amortization increase of 3% to $38.9M (expense), G/L on Sale of Tangible & Intangible FA increase from $0K to $87K (expense).
Employees: 1,061 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $535.75M as of Sep 30, 2019
Annual revenue (TTM): $346.35M as of Sep 30, 2019
EBITDA (TTM): $69.46M as of Sep 30, 2019
Net annual income (TTM): -$61.78M as of Sep 30, 2019
Free cash flow (TTM): -$81.40M as of Sep 30, 2019
Net Debt Last Fiscal Year: $354.12M as of Sep 30, 2019
Shares outstanding: 86,915,674 as of Nov 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization