Ultrapetrol (Bahamas) Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of $95,736,000 compared to $99,358,000 a year ago. Operating profit was $8,547,000 compared to operating loss of $3,136,000 a year ago. Loss before income taxes was $3,397,000 compared to $14,541,000 a year ago. Net loss was $2,881,000 or $0.02 per share compared to $14,593,000 or $0.10 per share a year ago. Adjusted EBITDA was $17,882,000 compared to $13,730,000 a year ago. Adjusted net loss was $2,849,000 or $0.02 per share compared to $9,477,000 or $0.07 per share a year ago. During the third quarter of 2015, the company had CapEx of $5.2 million, from which $2.5 million were mainly related to the maintenance CapEx in the River segment and $2.7 million related to the dry docks in oil segment.

For the nine months period, the company reported total revenues of $276,403,000 compared to $285,080,000 a year ago. Operating profit was $16,915,000 compared to $11,900,000 a year ago. Loss before income taxes was $12,150,000 compared to $11,416,000 a year ago. Net loss was $14,381,000 or $0.10 per share compared to $16,580,000 or $0.12 per share a year ago. Net cash provided by operating activities was $24,116,000 compared to $27,144,000 a year ago. Purchase of vessels and equipment was $21,977,000 compared to $46,539,000 a year ago. Adjusted EBITDA was $50,968,000 compared to $58,724,000 a year ago. Adjusted net loss was $14,437,000 or $0.10 per share compared to $11,110,000 or $0.08 per share a year ago.