Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six-Months Ended June 30, 2024
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Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, July 25, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $10.2 million and net income attributable to common stockholders of $9.7 million for the second quarter of 2024. The 2024 second quarter results compared to a net income of $18.4 million and net income attributable to common stockholders of $17.9 million for the same period in 2023. Earnings per share, basic and diluted, for the second quarter of 2024 were $0.79 and $0.26, respectively. Revenue was $20.5 million ($19.7 million net of voyage expenses) for the second quarter of 2024, compared to $31.5 million ($30.5 million net of voyage expenses) for the same period in 2023. This decrease was attributable to the decrease in time-charter equivalent rates (“TCE rates”) realized during the quarter, and to the decrease in the ownership days following the sale of the vess
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News
- Performance Shipping Inc. Announces Initiation of Analyst Coverage by Alliance Global Partners (AGP)GlobeNewswire
- Performance Shipping Inc. (NASDAQ: PSHG) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $6.50 price target on the stock.MarketBeat
- Performance Shipping Inc. Secures Sale and Leaseback Agreement for Previously Announced Newbuild LR2 Aframax Tanker [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Secures Sale and Leaseback Agreement for Previously Announced Newbuild LR2 Aframax TankerGlobeNewswire
PSHG
Sec Filings
- 7/16/24 - Form 6-K
- 6/27/24 - Form SC
- PSHG's page on the SEC website