- Teekay Tankers press release ( NYSE: TNK ): Q4 Non-GAAP EPS of $4.33 beats by $0.91 .
- Revenue of $367.32M (+129.1% Y/Y) beats by $155.78M .
- Adjusted EBITDA of $180.13M vs. $9.59M a year ago quarter.
- First quarter 2023 to-date spot tanker rates remain strong; the Company has secured quarter-to-date spot rates of $50,600 per day for Suezmaxes and $67,600 per day for Aframax / LR2 vessels.
- "Moving forward, with China’s economic re-opening expected to be a major driver of global oil demand growth, the orderbook for newbuilding vessels at a record low level with little capacity to increase through late-2025, an increasingly complex and inefficient trading environment caused by Russia’s invasion of Ukraine, and first quarterto-date rates continuing at very high levels, we believe Teekay Tankers is ideally positioned within the right segments to continue benefiting from strong spot tanker rates, generating significant free cash flow, and creating lasting value for our shareholders."
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Teekay Tankers Non-GAAP EPS of $4.33 beats by $0.91, revenue of $367.32M beats by $155.78M