K-Sea Transportation Partners L.P. (KSP) reported first quarter net loss of $5.24 million or $0.29 per limited partner unit, compared to $3.85 million or $0.19 per limited partner unit in the year-ago quarter.
Total revenues amounted to $70.6 million, lower than last year's $91.49 million. The Street had expected revenues of $80.63 million.
The company also announced that its distribution to unitholders for the first fiscal quarter will be $0.45 per unit, or $1.80 per unit annualized, compared to the previous distribution of $0.77 per unit. This distribution will be payable on November 16, 2009 to unitholders of record on November 9, 2009.
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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.