Resilient EBITDA Performance
The company delivered a quarterly EBITDA of over $190 million and a last 12 months EBITDA above $800 million for the sixth consecutive quarter, despite challenging macroeconomic conditions.
Growth in Non-Tanker Operations
Non-tanker operations achieved a 13% increase in EBITDA year-over-year, demonstrating the company's diversified portfolio's resilience to market fluctuations.
Strong Cash Flow from Operations
Cash from operations remained robust, nearly matching last year's peak third quarter, despite increased interest payments.
Stolthaven Terminals Utilization
Utilization at Stolthaven Terminals increased to almost 92%, with expectations to remain stable in the near future.