Revenue during the quarter grew 28.99 percent to $1,196.18 million from $927.34 million in the previous year period. Gross margin for the quarter contracted 193 basis points over the previous year period to 7.59 percent. Total expenses were 97.96 percent of quarterly revenues, up from 97.40 percent for the same period last year. That has resulted in a contraction of 56 basis points in operating margin to 2.04 percent.

Operating income for the quarter was $24.38 million, compared with $24.13 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $32.46 million compared with $32.80 million in the prior year period. At the same time, adjusted EBITDA margin contracted 82 basis points in the quarter to 2.71 percent from 3.54 percent in the last year period.

E. Nikolas Tavlarios, Aegean's President, commented, "The fourth quarter marked the end of another strong year for Aegean, despite volatile commodity markets and increased competition. Our flexible business model continued to enable Aegean to capitalize on growth opportunities across our unique platform. As evidenced by consistent portfolio rationalization, we are focused on strengthening our operations and enhancing efficiencies across our business. Our global footprint now includes more than 30 markets and 51 ports, with a team dedicated to ensuring that customers are better equipped to run their businesses. We remain committed to executing our strategy and confident in our ability to generate sustainable growth to drive shareholder value."

The company has spent $2.23 million cash to meet investing activities during the year as against cash outgo of $7.61 million in the last year.

Cash flow from financing activities was $4.20 million for the year as against cash outgo of $28.25 million in the last year period.

Cash and cash equivalents stood at $93.84 million as on Dec. 31, 2016, down 32.64 percent or $45.48 million from $139.31 million on Dec. 31, 2015.