Revenue and EBITDA are up
Euronav’s (EURN) 4Q15 revenues reached $225 million, up from $204 million the previous quarter. The company’s EBITDA (earnings before interest, tax, depreciation, and amortization) also rose over the previous quarter, coming in 25% higher at $160 million, compared with $128 million in the previous quarter.
Actual versus estimate
In 4Q15, Euronav’s revenues were higher than Wall Street analyst estimates, climbing 9% over the estimate of $206 million, while its EBITDA came in at $160 million, matching the estimates of Wall Street analysts.
On January 28, when Euronav released its earnings, the company’s share price rose by 4%. The stock price returns of other crude (DBO) tanker stocks follow:
In this series, we’ll look at Euronav’s 4Q15 results and analyze the company’s key developments. We’ll also focus on the company’s 1Q16 outlook and take a close look at management views on the crude tanker industry. Keep reading for deeper analysis.