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.

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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.

OSG's current ratio improved slightly and reached 0.74x in 2022 compared with its level of 0.62x in 2021. Also, the cash ratio hit its highest level of 0.54x since 2019. Albeit the company's debt-to-assets and debt-to-equity did not change very much in 2022 as compared with 2021, OSG's debt-to-EBITDA level dropped to 5.7x versus its 24.3x in 2021.

Overseas Shipholding: Performance, Potentials, And Risks

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that its Board of Directors has authorized a program to purchase up to ten million shares of the Company's common stock. Sam Norton, OSG's President and CEO, stated, “Share repurchases remain one of several focus points for use of free cash flow generated by current and anticipated vessel operations. Reauthorization of a share repurchase program by the OSG Board of Directors provides the Company with added flexibility to continuously evaluate opportunities to manage our available cash in manners that we believe will best serve our shareholders.”

Overseas Shipholding Group Announces Share Repurchase Program

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q4 2022 Earnings Conference Call March 9, 2023 9:30 AM ET Company Participants Sam Norton - President and CEO Dick Trueblood - VP and CFO Conference Call Participants Ryan Vaughan - Needham and Company Climent Molins - Value Investor's Edge Operator Good morning. Thank you at attending today's Overseas Shipholding Group Inc., Fourth Quarter and Full Year 2022 Results Conference Call.

Overseas Shipholding Group, Inc. (OSG) Q4 2022 and Full Year 2022 Results Conference Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”), a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the fourth quarter and full year 2022.

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2022 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announced today that it plans to release fourth quarter results before market opens on Thursday, March 9, 2023.

Overseas Shipholding Group to Announce Fourth Quarter and Full Year 2022 Results on March 9, 2023

OSG has performed handsomely this year, up ~51% year-to-date. Despite the stock's appreciation, future guidance suggests OSG could move higher over the coming quarters.

Overseas Shipholding Group: Creating Shareholder Value

TAMPA, Fla.--( BUSINESS WIRE )--Overseas Shipholding Group, Inc. (NYSE: OSG) (“OSG”), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today announced that it has exercised options to extend its bareboat charter agreements with American Shipping Company ASA (Oslo Stock Exchange: AMSC / OTCQX: ASCJF) for six vessels. The six bareboat charter extensions provide for additional three-year terms commencing in December 2023. With these extensions, seven vessels will continue on lease from AMSC – six with maturity dates aligned to end in December 2026 and one with a maturity of 2025.

Overseas Shipholding Group Announces Charter Option Extensions for Vessels Leased from American Shipping Company

TAMPA, Fla.--( BUSINESS WIRE )--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has agreed to purchase five million shares of the Company's common stock from Cyrus Capital at a price of $2.86 per share for a total of $14,300,000. The purchase price for the shares was determined based on the trailing 3 day volume weighted average price at the market closing on November 10, 2022. The closing price of OSG common stock on November 14, 2022 was $2.85. The purchase is expected to be completed today, and will be paid out of OSG's excess cash.

Overseas Shipholding Group Announces Share Repurchase

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q3 2022 Earnings Conference Call November 4, 2022 9:30 AM ET Company Participants Sam Norton - President and CEO Dick Trueblood - VP and CFO Conference Call Participants Clement Mullins - Value Investors Operator Good afternoon. Welcome to the Overseas Shipholding Group Third Quarter 2022 Earnings Release Conference Call.

Overseas Shipholding Group, Inc. (OSG) Q3 2022 Earnings Call Transcript

Overseas Shipholding Group Reports Third Quarter 2022 Results

Overseas Shipholding Group to Announce Third Quarter 2022 Results on November 4, 2022

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q2 2022 Results Conference Call August 8, 2022 9:30 AM ET Company Participants Sam Norton - President & Chief Executive Officer Dick Trueblood - Vice President & Chief Financial Officer Conference Call Participants Ryan Vaughan - Needham John Konrad - gCaptain Operator Hello, and welcome to the Overseas Shipholding Group Second Quarter 2022 Results Conference Call. My name is Katie and I will be your coordinate your call today.

Overseas Shipholding Group, Inc. (OSG) CEO Sam Norton on Q2 2022 Results - Earnings Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Reports Second Quarter 2022 Results

Overseas Shipholding Group Reports Second Quarter 2022 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group to Announce Second Quarter 2022 Results on August 8, 2022

Overseas Shipholding Group to Announce Second Quarter 2022 Results on August 8, 2022

Demand for OSG's oceangoing vessels is strong, and expected to remain elevated for the foreseeable future. Q2 earnings should be good, with similar characteristics anticipated for Q3 and Q4.

Overseas Shipholding Group: Business Momentum Not Reflected In Share Price

Overseas Shipholding Group is currently trading 25% below a previously rejected takeout offer. The company recently announced a repurchase program and following the announcement, the CEO has been buying shares in the open market.

Overseas Shipholding Group: Trading 25% Below Previous Takeout Offer, CEO Buying Stock

Overseas Shipholding Group, Inc. (NYSE:OSG ) Q1 2022 Earnings Conference Call May 9, 2022 9:30 AM ET Company Participants Sam Norton - President & Chief Executive Officer Richard Trueblood - Vice President & Chief Financial Officer Conference Call Participants Ryan Vaughan - Needham & Company Jay Mintzmyer - Value Investors Operator Hello all, and a warm welcome to the Overseas Shipholding Group First Quarter 2022 Results Conference Call. My name is Lydia and I will be your operator today.

Overseas Shipholding Group, Inc. (OSG) CEO Sam Norton on Q1 2022 Results- Earnings Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Reports First Quarter 2022 Results

Overseas Shipholding Group Reports First Quarter 2022 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group to Announce First Quarter 2022 Results on May 9, 2022.

Overseas Shipholding Group to Announce First Quarter 2022 Results on May 9, 2022

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces the Release of its 2021 Sustainability Report

Overseas Shipholding Group Announces the Release of its 2021 Sustainability Report

Overseas Shipholding Group, Inc. (OSG) CEO Sam Norton on Q4 2021 Results- Earnings Call Transcript

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Reports Fourth Quarter and Full Year 2021 Results

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2021 Results

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group to Announce Fourth Quarter and Full Year 2021 Results on March 9, 2022

Overseas Shipholding Group to Announce Fourth Quarter and Full Year 2021 Results on March 9, 2022

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces Conference Call on Tuesday, December 14.

Overseas Shipholding Group Announces Conference Call on Tuesday, December 14

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group Announces Charter Option Decisions for Vessels Leased from American Shipping Company

News for Overseas Shipholding Group Stock (OSG)