Teekay Tankers Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 279.39 million compared to USD 115.89 million a year ago. Net income was USD 68.05 million compared to net loss of USD 52.06 million a year ago. Basic earnings per share from continuing operations was USD 2 compared to basic loss per share from continuing operations of USD 1.54 a year ago. Diluted earnings per share from continuing operations was USD 1.98 compared to diluted loss per share from continuing operations of USD 1.54 a year ago.
For the nine months, revenue was USD 695.79 million compared to USD 382.06 million a year ago. Net income was USD 82.66 million compared to net loss of USD 202.56 million a year ago. Basic earnings per share from continuing operations was USD 2.43 compared to basic loss per share from continuing operations of USD 5.98 a year ago. Diluted earnings per share from continuing operations was USD 2.42 compared to diluted loss per share from continuing operations of USD 5.98 a year ago.