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Time charter equivalent revenues, a non-GAAP measure, for the second quarter of 2023 were $100.1 million, a decrease of $3.1 million, or 3.0%, from the second quarter of 2022.
Second quarter 2023 Adjusted EBITDA, a non-GAAP measure, was $39.5 million, an increase of $8.0 million, or 25.4%, from the second quarter of 2022.
Total cash and investments were $120.8 million as of June 30, 2023.