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

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Earnings data Q3 2023

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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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Teekay announced a $1-per-share special dividend. A $100 million share buyback plan was also put in place today.

Why Teekay Tankers Popped 14.9% Today

Teekay Tankers Ltd. (NYSE:TNK ) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Conference Call Participants Jonathan Chappell - Evercore ISI Omar Nokta - Jefferies LLC Kenneth Hoexter - Bank of America Merrill Lynch Operator Welcome to Teekay Tankers Ltd.

Teekay Tankers Ltd. (TNK) Q1 2023 Earnings Call Transcript

HAMILTON, Bermuda, May 11, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2023 and announced the Board of Directors has approved an update to the Company's capital allocation plan.

Teekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Capital Allocation Plan

Company initiates fixed quarterly dividend, announces a special dividend, and establishes a share repurchase program. Company initiates fixed quarterly dividend, announces a special dividend, and establishes a share repurchase program.

Teekay Tankers Updates Capital Allocation Plan

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Teekay Tankers: Higher For Longer

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Teekay Tankers Ltd (NYSE:TNK ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Kevin Mackay - President & CEO Stewart Andrade - CFO Conference Call Participants Jonathan Chappell - Evercore ISI Omar Nokta - Jefferies Operator Welcome to Teekay Tankers Ltd.'s Fourth Quarter 2022 Earnings Results Conference Call.

Teekay Tankers Ltd (TNK) Q4 2022 Earnings Call Transcript

HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2022.

Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 Results

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Teekay Tankers (TNK) to Post Q4 Earnings: What's in Store?

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Teekay Tankers (TNK) to Report Q4 Results: Wall Street Expects Earnings Growth

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Investors Heavily Search Teekay Tankers Ltd. (TNK): Here is What You Need to Know

Teekay Tankers announced a total adjusted net income of $57.91 million, or $1.70 per share, during the third quarter. In short, the 2023 tankers market looks good for TNK, but most of the positive has already been factored into the stock price.

News for Teekay Tankers Stock (TNK)