NAT - Nordic American Tankers Faces Rough Seas: Q1 Revenue Misses Estimates Amid Fleet Expansion | Benzinga
Nordic American Tankers Limited (NYSE:NAT) shares are trading lower after it reported the first-quarter FY24 net voyage revenue of $60.572 million, missed the consensus of $76.562 million.
The company’s average time charter equivalent (TCE) for its fleet came in at $33,570 per day per ship in the quarter.
NAT reported a net operating income of $23.063 million, compared to $54.676 million in the same quarter a year ago.
Adjusted EBITDA stood at $37.056 ...