Overseas Shipholding Group

Overseas Shipholding Group, Inc. engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag trade. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program. The company was founded in 1948 and is headquartered in Tampa, FL.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q3 2024

Overseas Shipholding Group exceeds Q4 expectations, eyes growth opportunities

OSG's Q4 2022 earnings call showcased exceptional performance, with strong financial results and positive outlook for 2023. The company's focus on capital allocation, fleet expansion, and renewable diesel transportation highlights its strategic positioning in the market. Despite challenges in market uncertainty, OSG remains optimistic about its future prospects.

Overseas Shipholding Group reports robust Q1 performance and growth outlook

OSG demonstrated financial strength and stability in Q1 2023, with strong EBITDA performance and increased cash balances.
The company's strategic initiatives, including vessel agreements and military contract bids, enhance revenue streams and market positioning.
Balancing growth, sustainability, and operational excellence will be key focus areas for OSG in navigating industry challenges and seizing opportunities.

Overseas Shipholding Group exceeds Q2 expectations, eyes sustainable growth

OSG's strong performance in Q2 reflects operational resilience and strategic contract wins.
Balancing current market challenges with future opportunities in sustainable shipping.
Focused on growth through fleet expansion, carbon footprint reduction, and green initiatives.
Positive outlook for 2024 with anticipated earnings growth and market adaptability.

Overseas Shipholding Group reports strong Q3 performance and explores growth

OSG's Q3 2023 performance reflects strong financial growth, proactive debt management, and strategic investments in fleet expansion and sustainable industries.
Despite challenges in acquisitions and operational integration, OSG's focus on innovation, cost efficiency, and shareholder value creation positions the company for long-term success.
By capitalizing on opportunities in new technologies and sustainable practices, OSG aims to drive growth, enhance operational efficiency, and deliver value to shareholders in a competitive market.

Overseas Shipholding Group surpasses earnings target, eyes growth opportunities

OSG delivered strong financial results in 2023, with a focus on operational efficiency, debt reduction, and shareholder value. The company's strategic investments, contract extensions, and market positioning bode well for future growth and profitability, despite uncertainties in cargo demand and geopolitical landscape.

OSG reports robust Q1 earnings, shifts focus to traditional refining

OSG's Q1 2024 performance showed strong growth in earnings per share and financial metrics, reflecting a resilient business model.
The company's strengths lie in increased demand for its vessels, growth in renewable diesel transportation, and sustainability efforts.
Challenges include transitioning away from renewable diesel production and managing operational inefficiencies during fleet repositioning.
Opportunities exist in carbon capture projects, high demand for tankers, and strategic fleet adjustments in response to market dynamics.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Overseas Shipholding Group, Inc. is a leading provider of energy transportation services. We deliver crude oil and petroleum products throughout the world. We own and operate a combined fleet of 24 vessels registered in the United States. Our well maintained fleet and commitment to high quality, incident-free service positions us as a preferred cargo carrier of major oil and gas companies, refiners and traders throughout the world.

PHX Minerals

Polestar Automotive Holding UK PLC

With only a few weeks to go until 2024, it is already time to be thinking and preparing for the market cycle. Don't fret if you do not have a lot of capital, the financial markets are a place where everyone can have a place to participate.

3 Penny Stocks With Potential to 10x in 2024

Bitfarms Ltd

Clearsign Combustion

Elite Pharmaceuticals, Inc.

Terran Orbital Corp

Pitney Bowes

Navigating the stock market's murky waters, the forecast for promising penny stocks might seem overcast. Within this realm, though, certain names are bucking the trend, boasting robust performances throughout the year.

7 Penny Stocks With Promising Potential Catalysts in 2024

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q3 2023 Earnings Conference Call November 6, 2023 9:30 AM ET Company Participants Samuel Norton - Chief Executive Officer and President Richard Trueblood - Vice President and Chief Financial Officer Conference Call Participants Ryan Vaughan - Needham Operator Good morning, and welcome to the Overseas Shipholding Group Third Quarter 2023 Earnings Release Conference Call. All participants will be in listen-only mode.

Overseas Shipholding Group, Inc. (OSG) Q3 2023 Earnings Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--OVERSEAS SHIPHOLDING GROUP REPORTS THIRD QUARTER 2023 RESULTS.

Overseas Shipholding Group Reports Third Quarter 2023 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group to Announce Third Quarter 2023 Results on November 6, 2023.

Overseas Shipholding Group to Announce Third Quarter 2023 Results on November 6, 2023

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (“OSG”) announced today that it has prepaid deferred payment obligations (“DPO”) and entered into new bareboat charter agreements in respect of the seven vessels comprising OSG's Veteran Class products tanker fleet, all of which are now indirectly owned by a private fund (the “MP Fund”) managed by Maritime Partners, LLC. Prior to their recent acquisition by a Jones Act qualified subsidiary of the MP Fund, these seven vessels were pr.

Overseas Shipholding Group Reduces Outstanding Debt

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Purchases Vessel from BP.

Overseas Shipholding Group Purchases Vessel from BP

Mama's Creations Inc

PCTEL

When it comes to stock predictions and penny stocks to buy, admittedly the near-term picture remains cloudy. Right now, it's unclear whether high interest rates, high inflation, and the still-present risk of a 2024 recession are fully priced-in by the stock market.

Q4 Stock Predictions: 7 Penny Stocks Ready to Roar Into 2024

Abeona Therapeutics

Cronos Group

Matterport

Nordic American Tankers

Origin Materials

Unicycive Therapeutics

Investing in undervalued penny stocks is always going to be about the same few things. Most investors are attempting to find cheap, short-term plays with reasonable catalysts in their favor.

The 7 Most Undervalued Penny Stocks to Buy in October 2023

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Pledges $30,000 for Women Offshore Scholarships.

Overseas Shipholding Group Pledges $30,000 for Women Offshore Scholarships

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces Off-Market Warrant Repurchase.

Overseas Shipholding Group Announces Off-Market Warrant Repurchase

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces Off-Market Share Repurchase.

Overseas Shipholding Group Announces Off-Market Share Repurchase

LYSAKER, NORWAY and NEW ORLEANS , Aug. 22, 2023 /PRNewswire/ -- AMSC ASA ("AMSC") and Maritime Partners, LLC today announced that AMSC and Project Merchant Acquisition LLC (the "PM Acquisition"), a newly-formed company owned and controlled by a fund managed by Maritime Partners, LLC, have signed a share purchase agreement (the "SPA") for PM Acquisition's purchase of American Tanker Holding Company, Inc. (the "ATHC"), a wholly-owned subsidiary of AMSC, (the "Transaction"). ATHC, through its subsidiaries, owns nine handysize products tankers and one handysize shuttle tanker, all of which are on long-term bareboat charter to Overseas Shipholding Group Inc. (NYSE:OSG) or Keystone Shipping Co. and operated in the U.S. Jones Act market.

AMSC ASA - FUNDS MANAGED BY MARITIME PARTNERS, LLC AGREES TO ACQUIRE U.S. JONES ACT BUSINESS OF AMSC ASA

Overseas Shipholding Group has seen its share price rise whenever it announces a significant share repurchase increase. The company specializes in transportation services for oil and petroleum, which has shown strong demand and stable revenues. The outlook for maritime trade and energy demand is positive, making OSG stock a promising investment.

Overseas Shipholding: Growing The Buyback Program Bolsters My Buy Case

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q2 2023 Earnings Call August 7, 2023 9:30 AM ET Company Participants Samuel H. Norton - Chief Executive Officer and President Richard Trueblood - Chief Financial Officer Conference Call Participants Climent Molins - Value Investor's Edge Ryan Vaughan – Needham Operator Good morning, and welcome to the Overseas Shipholding Group Second Quarter 2023 Earnings Release Conference Call.

Overseas Shipholding Group, Inc. (OSG) Q2 2023 Earnings Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Reports Second Quarter 2023 Results.

Overseas Shipholding Group Reports Second Quarter 2023 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group to Announce Second Quarter 2023 Results on August 7, 2023.

Overseas Shipholding Group to Announce Second Quarter 2023 Results on August 7, 2023

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Awarded Government Contract.

Overseas Shipholding Group Awarded Government Contract

Shares of Overseas Shipholding Group Inc. OSG, +8.27% powered up 7.8% toward a six-year high in afternoon trading Wednesday, after the oil tanker operator said it was doubling its stock repurchase program. The company said it increased its program by $10 million, and is now authorized to repurchase $20 million worth of its shares.

Overseas Shipholding's stock climbs toward 6-year high after doubling its buyback program to $20 million

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces Increase in Share Repurchase Program.

Overseas Shipholding Group Announces Increase in Share Repurchase Program

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group (OSG) Pledges $90,000 for Women of Maritime at SUNY Maritime College.

Overseas Shipholding Group (OSG) Pledges $90,000 for Women of Maritime at SUNY Maritime College

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces Annual Meeting of Stockholders Remote Participation.

Overseas Shipholding Group Announces Annual Meeting of Stockholders Remote Participation

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q1 2023 Earnings Conference Call May 8, 2023 9:30 AM ET Company Participants Sam Norton - President and Chief Executive Officer Dick Trueblood - Chief Financial Officer Conference Call Participants Ryan Vaughan - Needham and Company Climent Molins - Value Investor's Operator Good morning. Thank you for attending today's Overseas Shipholding Group Inc., First Quarter 2023 Earnings Release Conference Call.

Overseas Shipholding Group, Inc. (OSG) Q1 2023 Earnings Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--OVERSEAS SHIPHOLDING GROUP REPORTS FIRST QUARTER 2023 RESULTS.

Overseas Shipholding Group Reports First Quarter 2023 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group to Announce First Quarter 2023 Results on May 8, 2023 - Correction to Share Repurchase Announcement.

News for Overseas Shipholding Group Stock (OSG)