This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aegean Marine Petroleum Network's CEO Discusses Q2 2012 Results - Earnings Call Transcript

The considerable growth in EBITDA demonstrates the inherent operating leverage in our integrated supply model. We increased EBITDA approximately 12% from $66 million in 2010 to $74 million in 2011. For the first half of 2012, we have already generated $43.5 million in EBITDA. And $47.7 million in adjusted EBITDA, which excludes the net non-cash effect of the sale of non-core vessels that we spoke about a moment ago. Based on management’s current projections, we intend to further expand annual EBITDA by approximately 20% to 25% over the next year.

Now further highlighting Aegean’s profitability and taking into account the non-core vessel sales, adjusted net income for the second quarter more than doubled to $6.9 million or $.15 basic and diluted earnings per share. We continue to expand our integrated marine fuel logistics chain in order to meet the strong demand for our comprehensive services and increase our long-term earnings potential.

During the second quarter, we completed our full funded new build program, a major milestone for our company. We also extended our global reach to mainland China by entering into a strategic alliance with one of the top supply companies in China.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,124.86 +20.66 0.98%
NASDAQ 5,108.9740 +76.2230 1.51%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs