Poseidon Concepts Corp. reported earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net income from continuing operations was $18,702,000 or $0.27 per basic and diluted share on revenue of $33,824,000 against net income from continuing operations was $1,940,000 or $0.04 per basic and diluted share on revenue of $3,891,000 a year ago. EBITDA was $28,419,000 or $0.41 per basic and diluted share compared to EBITDA was $3,108,000 or $0.06 per basic and diluted share a year ago. For the year, the company reported net income from continuing operations was $45,000,000 or $0.73 per basic and diluted share on revenue of $78,767,000 against net income from continuing operations was $2,721,000 or $0.05 per basic and diluted share on revenue of $5,549,000 a year ago. EBITDA was $64,621,000 or $1.05 per basic and diluted share compared to EBITDA was $4,698,000 or $0.09 per basic and diluted share a year ago. Net debt as at December 31, 2011 was $26,600,000. The company reiterates its 2012 guidance which was issued on January 11, 2012: $170 million EBITDA (an upward revision from the $130 million forecast issued in September 2011); $60 million capital expenditures; and growth in the tank fleet to 400 units by June 30, 2012. The company's 2012 priorities are to: Ensure the sustainability of its monthly dividend of $0.09 per share; Continue growing the fleet and increasing market penetration; Allocate appropriate resources to designing, testing and evaluating potential new product developments; and Continue to achieve field execution and safety. The company is also pleased to announce that its Board of Directors has declared the dividend amount of $0.09 per common share payable on April 30, 2012, May 31, 2012, June 29, 2012 with the ex-dividend date on April 26, 2012, May 29, 2012, June 27, 2012 on record dates May 15, 2012, June 15, 2012, July 16, 2012, respectively.