Research analysts who have asked questions during TEEKAY TANKERS earnings calls.
Omar Nokta
Jefferies
9 questions for TNK
Also covers: AMKBY, ASC, CCEC +21 more
TC
Tim Chang
Bank of America
5 questions for TNK
JC
Jonathan Chappell
Evercore ISI
3 questions for TNK
Also covers: ASC, CHRW, CNI +20 more
Ken Hoexter
BofA Securities
3 questions for TNK
Also covers: ARCB, CHRW, CNI +21 more
AR
Adam Roszkowski
Bank of America
1 question for TNK
Also covers: TFII, WAB
Recent press releases and 8-K filings for TNK.
Teekay Tankers Ltd. Reports Strong Q3 2025 Results and Positive Market Outlook
TNK
Earnings
Dividends
New Projects/Investments
- Teekay Tankers Ltd. reported a strong Q3 2025 with GAAP net income of $92.1 million ($2.66 per share) and adjusted net income of $53.3 million ($1.54 per share), generating approximately $69 million in free cash flow from operations.
- The company maintained a robust financial position with $775 million in cash and no debt at the end of Q3 2025, while also declaring a fixed dividend of $0.25 per share.
- TNK continued its fleet renewal strategy, acquiring one modern Suezmax and a 50% interest in a VLCC, and selling five Suezmax tankers for $158.5 million in gross proceeds. Opportunistic time charters for three vessels helped lower the fleet's free cash flow breakeven to $11,300 per day.
- Management anticipates a firm tanker market, with Q4 2025 spot rates secured at $63,745 per day for VLCCs, $50,000 per day for Suezmaxes, and $35,200 per day for Aframax LR2s (with 47%-54% of spot days booked), driven by increased global oil production and trade volumes.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Strong Q3 2025 Financials and Operational Highlights
TNK
Earnings
Dividends
Guidance Update
- Teekay Tankers reported Q3 2025 GAAP Net Income of $92.1 million ($2.66 GAAP EPS) and Adjusted Net Income of $53.3 million ($1.54 Adjusted EPS).
- The company generated $68.7 million in Free Cash Flow and held $775 million in cash as of September 30, 2025.
- Spot rates for Q3 2025 were strong, with VLCC at $31,100, Suezmax at $33,400, and Aframax / LR2 at $35,900. Q4 2025 to-date rates show further firming, with VLCC at $63,700, Suezmax at $45,500, and Aframax / LR2 at $35,200.
- Operational activities included the acquisition of two vessels and the sale of four vessels, yielding $158.5 million in gross proceeds and estimated gains of $47.5 million.
- A fixed quarterly dividend of $0.25 per share was declared, payable in November 2025.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Strong Q3 2025 Earnings and Fleet Renewal Progress
TNK
Earnings
Dividends
New Projects/Investments
- Teekay Tankers Ltd. reported strong Q3 2025 financial results, with GAAP net income of $92.1 million ($2.66 per share) and adjusted net income of $53.3 million ($1.54 per share), generating approximately $69 million in free cash flow from operations. The company maintains a strong balance sheet with $775 million in cash and no debt.
- The company continued its fleet renewal strategy, acquiring one modern Suezmax and a 50% interest in a VLCC, and completing the sales of five Suezmax tankers for $158.5 million in gross proceeds. Opportunistic time charters for three vessels have helped lower the fleet's free cash flow breakeven to $11,300 per day.
- Spot tanker rates remained counter-seasonally strong in Q3 2025 and have strengthened further into Q4 2025, with secured rates of $63,745 per day for VLCCs, $50,000 per day for Suezmax, and $35,200 per day for Aframax LR2 fleets for approximately 47% to 54% of spot days booked. The company anticipates a firm winter market driven by increased global oil supply and trade inefficiencies.
- Teekay Tankers Ltd. declared a regular fixed dividend of $0.25 per share.
- The company's primary focus for capital allocation is investing in its core Aframax and Suezmax segments.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Strong Q3 2025 Financial Results and Strategic Fleet Activity
TNK
Earnings
Dividends
M&A
- Teekay Tankers reported strong financial results for Q3 2025, with GAAP Net Income of $92.1 million ($2.66 GAAP EPS) and Adjusted Net Income of $53.3 million ($1.54 Adjusted EPS).
- The company generated $68.7 million in Free Cash Flow and maintained a strong balance sheet with $775 million in cash at the end of Q3 2025.
- Strategic fleet activity included the acquisition of two vessels and the sale of four vessels in Q3 and Q4 2025 to-date, yielding gross proceeds of $158.5 million and estimated gains of $47.5 million from five vessel sales.
- Spot rates remained strong in Q3 2025 (e.g., Suezmax at $33,400) and showed significant firming into Q4 2025 to-date (e.g., VLCC at $63,700 and Suezmax at $45,500).
- A fixed quarterly dividend of $0.25 per share was declared, payable in November 2025.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Q3 2025 Results and Provides Q4 Outlook
TNK
Earnings
Dividends
Guidance Update
- Teekay Tankers reported Adjusted Net Income of $53.3 million and Adjusted EPS of $1.54 for Q3 2025, with Free Cash Flow of $68.7 million.
- The company declared a fixed quarterly dividend of $0.25 per share payable in November 2025.
- Operational highlights include four vessel sales completed in Q3-25 and Q4-25 to-date, generating $158.5 million in gross proceeds, alongside the acquisition of two vessels and new charter-out contracts.
- Spot rates were strong in Q3 2025 and firming into Q4 2025, with Q4 2025 to-date VLCC rates at $63,700, Suezmax at $45,500, and Aframax/LR2 at $35,200.
- For Q4 2025, the company anticipates a decrease in net revenues primarily due to vessel sales and redeliveries, partially offset by acquisitions and new time charter-out contracts.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Strong Q3 2025 Results and Fleet Renewal Progress
TNK
Earnings
Dividends
New Projects/Investments
- Teekay Tankers Ltd. reported GAAP net income of $92.1 million or $2.66 per share and adjusted net income of $53.3 million or $1.54 per share for Q3 2025.
- The company generated approximately $69 million in free cash flow from operations, ending Q3 2025 with a cash position of $775 million and no debt. Its free cash flow breakeven has been lowered to $11,300 per day.
- Teekay Tankers continued its fleet renewal strategy by acquiring one modern Suezmax and a 50% ownership interest in a VLCC, while selling five Suezmax tankers for $158.5 million in gross proceeds.
- The company declared a regular fixed dividend of $0.25 per share and reported strong Q4 2025 spot rates to date, including $63,745 per day for VLCCs, $50,000 per day for Suezmaxes, and $35,200 per day for Aframax LR2s.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Strong Q3 2025 Results and Increased Liquidity
TNK
Earnings
Dividends
New Projects/Investments
- Teekay Tankers Ltd. reported GAAP net income of $92.1 million, or $2.66 per share, and adjusted net income of $53.3 million, or $1.54 per share, for the third quarter of 2025.
- The Company declared a cash dividend of $0.25 per share for the quarter ended September 30, 2025.
- Fourth quarter 2025 spot rates to date have strengthened, with Suezmax averaging $45,500 per day (52% fixed), Aframax/LR2 averaging $35,200 per day (47% fixed), and VLCC averaging $63,700 per day (54% fixed).
- Teekay Tankers continued its fleet renewal strategy by completing the acquisition of one 2017-built Suezmax tanker for $64.3 million and the remaining 50% ownership interest in a VLCC for $63 million. The Company also completed four of five previously announced vessel sales, with gross proceeds on the five sales expected to total $158.5 million and estimated gains of approximately $47.5 million.
- Total liquidity for the Company increased to $975.7 million as of September 30, 2025, up from $931.1 million as of June 30, 2025.
Oct 29, 2025, 8:12 PM
Teekay Tankers Reports Third Quarter 2025 Results and Declares Dividend
TNK
Earnings
Dividends
- Teekay Tankers Ltd. reported its results for the quarter ended September 30, 2025.
- The company's Board of Directors declared a fixed cash dividend of $0.25 per share for the quarter ended September 30, 2025, which is payable on November 21, 2025, to shareholders of record as of November 10, 2025.
- Teekay Tankers operates a fleet of 34 double-hull tankers, comprising 17 Suezmax, 16 Aframax / LR2, and 1 VLCC tanker, alongside three time chartered-in oil and product tankers.
Oct 29, 2025, 8:05 PM
Quarterly earnings call transcripts for TEEKAY TANKERS.
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