Teekay Tankers

Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum products through the operation of its oil and product tankers. It operates through the Tanker and Ship-to-Ship (STS) Transfer segment. The Tanker segment includes the operations of all the tankers, including those employed on full service lightering contracts. The STS Transfer segment offers lightering support services provided to conventional tanker segment as part of the full service lightering operations. The company was founded in October 2007 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Teekay Tankers achieves record earnings, eyes growth amid market dynamics

Teekay Tankers delivered exceptional financial performance in Q4 2022, driven by strategic decisions and favorable market conditions.
While challenges such as market fluctuations and operational complexities exist, the company's proactive approach positions it for future success.
With a positive outlook for oil demand growth and tanker market dynamics, Teekay Tankers is well-positioned to capitalize on opportunities and drive shareholder value.

Teekay Tankers reports record earnings, sets dividends, and eyes growth

Teekay Tankers delivered exceptional financial results in Q1 2023, showcasing strong earnings, reduced debt, and robust cash flow generation, supported by favorable market conditions.
The company's strategic initiatives of dividends, share repurchases, and credit facilities reflect a commitment to enhancing shareholder value and capitalizing on growth opportunities.
While facing potential challenges in market dynamics and operational costs, Teekay Tankers is well-positioned to navigate uncertainties and leverage opportunities for sustainable growth and value creation.

Teekay Tankers triples earnings, eyes debt-free status with strong market outlook

Teekay Tankers demonstrated remarkable financial strength and operational resilience in Q2 2023, driven by strong earnings, debt reduction, and strategic vessel acquisitions.
While facing challenges in a dynamic market environment, the company remains well-positioned to capitalize on opportunities for growth and value creation in the tanker industry.
By focusing on cash flow generation, debt management, and strategic decision-making, Teekay Tankers aims to sustain its momentum and enhance shareholder returns in the future.

Teekay Tankers excels in Q3, poised for sustained growth

Teekay Tankers' Q3 2023 performance reflects robust financial results, operational efficiency, and a focus on shareholder value through dividends and fleet optimization.
The company's strategic decisions, positive market outlook, and disciplined approach to capital allocation position it well for continued growth and value creation.
With a strong balance sheet, favorable market conditions, and a proactive management approach, Teekay Tankers is poised for sustained success in the tanker industry.

Teekay Tankers achieves record earnings, eyes debt-free status

Teekay Tankers delivered exceptional financial performance in 2023, driven by robust tanker rates and global oil demand recovery. The company's focus on debt reduction, operational efficiency, and shareholder value creation sets a positive trajectory for future growth and returns.

Teekay Tankers reports Q2 earnings decline but remains resilient

Teekay Tankers reported a decline in earnings but maintained a strong financial position, supported by strategic vessel transactions and a focus on the spot market.
Despite challenges in the operating environment, the company capitalized on stable spot rates and favorable market fundamentals, positioning itself for future growth.
With opportunities to leverage market strength and optimize its fleet deployment, Teekay Tankers remains well-positioned to navigate industry challenges and drive sustainable performance.

Teekay Tankers reports strong Q3 earnings and strategic acquisitions

Teekay Tankers and Teekay Corp. are strategically positioned for growth through operational efficiency, acquisitions, and market focus.
While facing challenges such as tax implications and market volatility, TNK's strengths in financial stability and cash flow generation offer resilience.
Opportunities in fleet renewal, market expansion, and strategic alignment with the crude oil tanker market provide avenues for sustained growth and value creation.

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In recent months, seasonality has impacted dirty tanker rates. Besides that, China's crude imports declined. On the other hand, tanker supply fundamentals are still favorable. Teekay Tankers reported $52.4 million operating income for 3Q24, a 35% lower figure than 3Q23. 3Q24 net income is $58.8 million, and 3Q24 EPS is $1.69/share. The balance sheet is TNK's strength. The company has 3.1% Total Debt to Equity and 8.9% Total Liabilities to Total Assets.

Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns

Teekay Tankers Ltd. (TNK) Q3 2024 Earnings Call Transcript

Teekay Tankers (TNK) came out with quarterly earnings of $1.83 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.21 per share a year ago.

Teekay Tankers (TNK) Lags Q3 Earnings and Revenue Estimates

Teekay

HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) --  Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.

Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program

HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024.

Teekay Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend

Teekay Tankers (TNK) closed at $50.02 in the latest trading session, marking a +0.72% move from the prior day.

Teekay Tankers (TNK) Ascends While Market Falls: Some Facts to Note

In the closing of the recent trading day, Teekay Tankers (TNK) stood at $49.66, denoting a -0.8% change from the preceding trading day.

Teekay Tankers (TNK) Stock Sinks As Market Gains: Here's Why

HAMILTON, Bermuda, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024.

Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024

In the most recent trading session, Teekay Tankers (TNK) closed at $55.42, indicating a +1.86% shift from the previous trading day.

Teekay Tankers (TNK) Laps the Stock Market: Here's Why

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Teekay Tankers (TNK): Read This Before Placing a Bet

In the latest trading session, Teekay Tankers (TNK) closed at $62.11, marking a +1.62% move from the previous day.

Why the Market Dipped But Teekay Tankers (TNK) Gained Today

In the latest trading session, Teekay Tankers (TNK) closed at $58.25, marking a -0.1% move from the previous day.

Teekay Tankers (TNK) Stock Drops Despite Market Gains: Important Facts to Note

The latest trading day saw Teekay Tankers (TNK) settling at $55.11, representing a +0.09% change from its previous close.

Here's Why Teekay Tankers (TNK) Gained But Lagged the Market Today

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Bulls Look Optimistic About Teekay Tankers (TNK): Should You Buy?

HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group:

Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes

Teekay Tankers stock dropped 12% after Q2-2024 results, but financial health remains strong. Q2-2024 revenues dropped by 20% due to decreasing tanker spot day rates. Teekay Tankers benefits from historically high spot rates and a favorable market outlook despite risks from fleet age and oil demand fluctuations.

Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics

Teekay Tankers Ltd. (NYSE:TNK ) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director of Research and Commercial Performance Conference Call Participants Omar Nokta - Jefferies Operator Welcome to Teekay Tankers Ltd.

Teekay Tankers Ltd. (TNK) Q2 2024 Earnings Call Transcript

Teekay Tankers (TNK) came out with quarterly earnings of $3.08 per share, missing the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $4.38 per share a year ago.

Teekay Tankers (TNK) Misses Q2 Earnings and Revenue Estimates

HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended June 30, 2024.

Teekay Corporation Reports Second Quarter 2024 Results

HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2024. The cash dividend is payable on August 23, 2024 to all shareholders of record as at August 12, 2024.

Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend

Teekay Tankers (TNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Teekay Tankers (TNK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

HAMILTON, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2024 before market open on Thursday, August 1, 2024.

Teekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 2024

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Teekay Tankers (TNK) Right Now?

Teekay Tankers (TNK) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Teekay Tankers (TNK) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Here is how Teekay Tankers (TNK) and ZIM Integrated Shipping Services (ZIM) have performed compared to their sector so far this year.

News for Teekay Tankers Stock (TNK)