Key Takeaways from Euronav 4Q15 Earnings and Conference Call



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.

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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.

Stock performance

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:

  • Teekay Tankers (TNK) rose by 5%.
  • Tsakos Energy Navigation (TNP) rose by 2%.
  • Nordic American Tanker (NAT) rose by 2%.
  • Frontline (FRO) rose by 3%.
  • DHT Holdings (DHT) fell by 1%.

Series overview

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.


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