Nordic American Tankers GAAP EPS of $0.05 beats by $0.01, revenue of $47.38M beats by $2.78M

Nov. 30, 2022 6:13 AM ETNordic American Tankers Limited (NAT)By: Niloofer Shaikh, SA News Editor10 Comments
  • Nordic American Tankers press release (NYSE:NAT): Q3 GAAP EPS of $0.05 beats by $0.01.
  • Revenue of $47.38M (+408.9% Y/Y) beats by $2.78M.
  • "The average Time Charter Equivalent (TCE) for our fleet during the third quarter of 2022 came in at $27,850 per day per ship, up from the second quarter of $20,080 per day per vessel. Rates have risen dramatically during the fourth quarter and so far, 74% of our spot voyage days have been booked at an average TCE of $54,100 per day per ship. Our operating costs are $8,000 per day per ship."

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