The company reported a net income of $59.2 million, compared to $7.4 million for the same period last year.
This included a gain of $60 million ($38.1 million after-tax) from the $230 million sale of its entire tug and barge fleet at the end of August. Excluding the impact of the sale, net income would have been $21.1 million.
Upstream revenue was up 16% to $132.9
