OceanPal Past Earnings Performance
Past criteria checks 0/6
OceanPal's earnings have been declining at an average annual rate of -51%, while the Shipping industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 40% per year.
Key information
-51.0%
Earnings growth rate
12.7%
EPS growth rate
| Shipping Industry Growth | 51.9% |
| Revenue growth rate | 40.0% |
| Return on equity | -15.3% |
| Net Margin | -77.2% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Sentiment Still Eluding OceanPal Inc. (NASDAQ:OP)
Aug 12
Market Might Still Lack Some Conviction On OceanPal Inc. (NASDAQ:OP) Even After 46% Share Price Boost
Mar 29OceanPal Inc.'s (NASDAQ:OP) Shares Leap 32% Yet They're Still Not Telling The Full Story
Jan 09OceanPal enters time charter contract for m/v Baltimore
Sep 21OceanPal declares $0.01 dividend
Aug 02OceanPal: Messy Junior Dry Bulk Shipper To Conduct Another Dilutive Offering - Sell
Jun 16Why I Initiated A Trading Position In Messy Junior Dry Bulk Shipper OceanPal
Feb 10Revenue & Expenses Breakdown
How OceanPal makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 22 | -17 | 14 | 0 |
| 31 Mar 24 | 21 | -8 | 7 | 0 |
| 31 Dec 23 | 19 | -7 | 7 | 0 |
| 30 Sep 23 | 19 | -7 | 6 | 0 |
| 30 Jun 23 | 20 | -2 | 6 | 0 |
| 31 Mar 23 | 19 | -3 | 5 | 0 |
| 31 Dec 22 | 19 | -3 | 4 | 0 |
| 30 Sep 22 | 18 | 1 | 3 | 0 |
| 30 Jun 22 | 10 | 0 | 2 | 0 |
| 31 Mar 22 | 5 | 0 | 1 | 0 |
| 31 Dec 21 | 4 | 0 | 1 | 0 |
| 30 Jun 21 | 8 | -3 | 2 | 0 |
| 31 Mar 21 | 10 | -3 | 2 | 0 |
| 31 Dec 20 | 9 | -4 | 2 | 0 |
| 31 Dec 19 | 12 | -2 | 2 | 0 |
Quality Earnings: OP is currently unprofitable.
Growing Profit Margin: OP is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: OP is unprofitable, and losses have increased over the past 5 years at a rate of 51% per year.
Accelerating Growth: Unable to compare OP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OP is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (6.4%).
Return on Equity
High ROE: OP has a negative Return on Equity (-15.33%), as it is currently unprofitable.