Aegean Marine Q2 2009 Results, Sales up 21.6%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced financial and operating results for the second quarter ended June 30, 2009. The company recorded net income of $16.3m, or $0.38 basic and diluted earnings per share, for the three months ended June 30, 2009. Net income, adjusted for a $4.2m gain from sale of vessels, was $12.1 million, or $0.29 basic and $0.28 diluted earnings per share. For purposes of comparison, the Company reported net income of $9.9 million, or $0.23 basic and diluted earnings per share, for the three months ended June 30, 2008. The weighted average basic and diluted shares outstanding for the three months ended June 30, 2009 were 42,576,830 and 42,728,588, respectively.
Aegean Announces Q1 2009 Results
Aegean Marine Petroleum Network Inc. ANW announced financial and operating results for the first quarter ended March 31, 2009. • Increased sales volumes by 23.6% to 1,310,037 metric tons in Q1 2009, compared to 1,060,134 metric tons for Q1 2008. • Expanded net revenues to $40.0 million. • Recorded operating income of $8.3 million. • Reported net income of $4.4 million, or $0.10 basic and diluted earnings per share. o Expanded Greek operations to the market of Patras. o Acquired or took delivery of five double-hull bunkering tankers, including two newbuildings. • Secured a new senior secured revolving credit facility for a period of two years. • Entered into strategic alliance with Gulf Oil for the marketing and distribution of marine lubricants.
Aegean 3Q, 9 Mo Results
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced financial and operating results for the third quarter and nine months ended September 30, 2008. • Increased sales volumes to 1,338,914 metric tons in Q3 2008 and 3,631,486 metric tons for the nine months ended September 30, 2008. • Generated gross spread on marine petroleum products of $44.4 million in Q3 2008 and $115.3 million for the nine months ended September 30, 2008. • Recorded operating income of $15.1 million in Q3 2008 and $36.0 million for the nine months ended September 30, 2008. • Reported adjusted net income, which excludes certain special items including $0.9 million relating to a tax accrual and $0.2 million relating to the automatic vesting of shares belonging to our deceased Director…
