NAT Q1 2023 earnings

Announced today (05/22)

  • Net voyage revenue of $87.1M
  • Net profit of $46.9M
  • TCE for fleet was $51.9K daily (Spot trading vessels averaged $60K daily)
  • Declared div of 15c/sh for Q1 2023

Nordic American Tankers Ltd (NYSE: NAT) – Report March 31, 2023 (First quarter 2023) – History in the making! – Nordic American Tankers

Q1 '23 div is nice. But, it comes at the cost of debt paydown that was a supposed priority. NAT is a trading idea for me - so I took some gains on the bounce.