Ultrapetrol (Bahamas) Limited announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2015. Total revenues for the fourth quarter of 2015 were $71.1 million as compared with $78.6 million in the same period of 2014. Adjusted EBITDA for the fourth quarter of 2015 was $2.2 million as compared with a loss of $1.7 million in the same period of 2014. Adjusted net loss for the fourth quarter of 2015 was $26.0 million, or $0.19 per share as compared with net loss of $25.6 million, or $0.18 per share, during the same period of 2014.

For the year, the company reported total revenues of $347,477,000 compared to $363,675,000 a year ago. Operating loss was $218,000 compared to $13,339,000 a year ago. Loss before income tax was $41,694,000 compared to $47,211,000 a year ago. Net loss attributable to the company was $48,004,000 or $0.34 per share compared to $52,276,000 or $0.37 per share a year ago. Net cash provided by operating activities was $37,000,000 compared to $35,254,000 a year ago. Purchase of vessels and equipment (7,521 in 2013 for barges built, sold and leased-back) were $24,324,000 compared to $59,234,000 a year ago. Adjusted consolidated EBITDA was $53,147,000 compared to $57,072,000 a year ago. Adjusted EBITDA was $53,147,000 compared to $57,072,000 a year ago. Adjusted net loss was $40,479,000 or $0.29 per share compared to $36,676,000 or $0.26 per share a year ago.