Teekay Tankers Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 394.66 million compared to USD 174.02 million a year ago. Net income was USD 169.37 million compared to net loss of USD 13.94 million a year ago.

Basic earnings per share from continuing operations was USD 4.97 compared to basic loss per share from continuing operations of USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 4.9 compared to diluted loss per share from continuing operations of USD 0.41 a year ago.