GasLog Ltd. (GLOG) Tuesday reported a loss for the second quarter compared to a profit last year, due mainly to higher operating expenses.
The Monaco-based company's second-quarter net loss was $3.55 million or $0.06 per share, compared to a net profit of $4.47 million or $0.12 per share last year.
Adjusted income for the quarter was $2.61 million or $0.04 per share, compared to $4.21 million or $0.12 per share in the prior-year quarter.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew to $16.71 million from $16.47 million in the prior-year quarter. Seven analysts had a consensus revenue estimate of $17.45 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.