Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024 [Yahoo! Finance]
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: Yahoo! Finance
specializing in the ownership of tanker vessels, today reported net income of $11.4 million and net income attributable to common stockholders of $11.0 million for the first quarter of 2024. The 2024 first quarter results compared to a net income of $15.7 million and net income attributable to common stockholders of $4.6 million for the same period in 2023. Earnings per share, basic and diluted, for the first quarter of 2024 were $0.89 and $0.29, respectively. Revenue was $22.4 million ($21.6 million net of voyage expenses) for the first quarter of 2024, compared to $29.5 million ($28.0 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 vessel P. Kikuma in December 2023. Fleetwide, the average TCE rate for the first quarter of 2024 was $33,857, compared with an average rate of $41,157
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News
- Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. Aliki [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. AlikiGlobeNewswire
- Performance Shipping Inc. Secures Charter Contract With Aramco for About 24 Months at US$41,000 Per Day [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Secures Charter Contract With Aramco for About 24 Months at US$41,000 Per DayGlobeNewswire
- Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024GlobeNewswire
PSHG
Sec Filings
- 6/6/24 - Form 6-K
- 6/5/24 - Form 6-K
- 5/30/24 - Form 6-K
- PSHG's page on the SEC website