Epic Gas Ltd. reported unaudited earnings and operating results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of $33.9 million, net loss of $3.4 million and Adjusted EBITDA of $8.0 million compared to revenue of $32.2 million, net loss of $1.4 million and Adjusted EBITDA of $7.1 million a year ago. Cash From operating activities was $11.7 million against $1.9 million a year ago. Operating income was $0.7 million against $1.3 million a year ago. Loss before income tax was $3.3 million against $1.2 million a year ago. EBITDA was $7.8 million against $6.9 million a year ago.

Average number of vessels in period was 39.7 against 36.6 a year ago. Fleet capacity at period end was 268,900 cbm against 221,900 cbm a year ago. Gas fleet average size as of period end was 6,559 against 5,839 a year ago. Fleet utilisation was 96.2% against 98.3% a year ago. Fleet operational utilisation was 93.2% against 95.3% a year ago.