Teekay Tankers Non-GAAP EPS of $5.13 beats by $0.73, revenue of $394.66M beats by $138.53M

Teekay Tankers press release (NYSE:TNK): Q1 Non-GAAP EPS of $5.13 beats by $0.73.
Revenue of $394.66M (+126.8% Y/Y) beats by $138.53M.
Second quarter 2023 to-date spot tanker rates remain very strong; the Company has secured quarter-to-date spot rates of $62,400 per day for Suezmax vessels and $58,500 per day for Aframax / LR2 vessels.
As at March 31, 2023, the Company had total liquidity of $332.3 million (comprised of $169.8 million in cash and cash equivalents and $162.5 million in undrawn capacity from its credit facilities), compared to total liquidity of $343.0 million as at December 31, 2022.