Ultrapetrol (Bahamas) Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $84.573 million compared to $86.343 million a year ago. Operating profit was $4.813 million compared to $5.004 million a year ago.

Loss before income taxes was $5.420 million compared to $0.860 million a year ago. Net loss attributable to the company was $5.107 million compared to $4.754 million a year ago. This decrease is mainly attributable to a $2.2 million decrease in operating profit of Ocean Business.

Net cash provided by operating activities was $0.903 million compared to $14.100 million a year ago. Adjusted EBITDA was $15.239 million compared to $19.600 million a year ago.