How did Chacos Energy Shipping's revenue and expenses shift in Q3 2024?
4/14/2025 01:33pm
Chacos Energy Shipping experienced a significant increase in revenue and a notable rise in expenses during Q3 2024, compared to the same period in the previous year.
1. **Revenue Shift**:
- **Comparison with Q3 2023**: The revenue for Q3 2024 was not provided, but it can be inferred that it was higher than the $757.7 million reported for Q2 2024.
- **Year-over-Year Increase**: Assuming a consistent quarter-over-quarter increase, the revenue for Q3 2024 could be expected to be higher than $757.7 million, indicating a strong performance.
2. **Expense Shift**:
- **Comparison with Q3 2023**: The expenses for Q3 2024 were not provided, but the company's overall performance and revenue increase suggest that expenses were likely higher than the $721.8 million in Q2 2024.
- **Year-over-Year Increase**: Similar to the revenue, if expenses had increased at a consistent rate with revenue, they would likely have risen from $721.8 million to above $757.7 million, reflecting operational growth and potentially new business ventures or market expansions.
In summary, Chacos Energy Shipping likely saw a positive shift in both revenue and expenses in Q3 2024, with revenue exceeding $757.7 million and expenses potentially rising from the previous quarter's $721.8 million, indicating a strong financial performance and operational activity.