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 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 six months ended 30 June 2020, Overseas Shipholding Group Inc. revenues increased 22% to $215.4M. Net income increased from $1.5M to $31.5M. Revenues reflect Time charter revenues segment increase of 40% to $174.8M, Voyage charter revenues segment increase of 52% to $20.9M. Net income benefited from Interest Expense decrease of 6% to $12.2M (expense). Basic Earnings per Share excluding Extraordinary Items increased from $0.02 to $0.35.
Employees: 713 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $582.96M as of Jun 30, 2020
Annual revenue (TTM): $394.75M as of Jun 30, 2020
EBITDA (TTM): $104.73M as of Jun 30, 2020
Net annual income (TTM): $38.72M as of Jun 30, 2020
Free cash flow (TTM): -$41.20M as of Jun 30, 2020
Net Debt Last Fiscal Year: $389.57M as of Jun 30, 2020
Shares outstanding: 87,577,057 as of Aug 4, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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