Teekay Tankers Key Executives
This section highlights Teekay Tankers's key executives, including their titles and compensation details.
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Teekay Tankers Earnings
This section highlights Teekay Tankers's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
May 08, 2025
Time:
Before Market
Est. EPS:
$1.34
Status:
Unconfirmed
Last Earnings Results
Date:
February 19, 2025
EPS:
$1.50
Est. EPS:
$2.69
Revenue:
$351.12M
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-20 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-01 | $3.05 | $3.11 |
| Read Transcript | Q1 | 2024 | 2024-05-09 | $3.73 | $3.86 |
| Read Transcript | Q4 | 2023 | 2024-02-22 | $3.47 | $2.91 |
| Read Transcript | Q3 | 2023 | 2023-11-02 | $2.03 | $2.24 |
| Read Transcript | Q2 | 2023 | 2023-08-03 | $4.42 | $4.38 |
| Read Transcript | Q1 | 2023 | 2023-05-11 | $4.38 | $5.13 |
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.
Energy
Oil & Gas Midstream
$38.28
Stock Price
$1.32B
Market Cap
2.00K
Employees
Hamilton, ON
Location
Financial Statements
Access annual & quarterly financial statements for Teekay Tankers, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $1.23B | $1.36B | $1.06B | $542.37M | $886.43M |
| Cost of Revenue | $835.04M | $791.72M | $772.46M | $600.38M | $635.01M |
| Gross Profit | $394.30M | $572.73M | $290.65M | $-58.01M | $251.42M |
| Gross Profit Ratio | 32.07% | 41.98% | 27.34% | -10.70% | 28.36% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $46.60M | $43.34M | $41.77M | $43.72M | $39.01M |
| Selling and Marketing Expenses | $- | $2.60M | $- | $- | $- |
| Selling General and Administrative Expenses | $46.60M | $45.94M | $41.77M | $43.72M | $39.01M |
| Other Expenses | $-32.45M | $-8.76M | $2.65M | $-1.76M | $473.00K |
| Operating Expenses | $14.16M | $34.90M | $41.77M | $43.72M | $39.01M |
| Cost and Expenses | $849.19M | $828.54M | $814.23M | $644.09M | $674.02M |
| Interest Income | $24.08M | $10.18M | $1.34M | $122.00K | $1.20M |
| Interest Expense | $7.47M | $27.71M | $35.74M | $35.03M | $51.52M |
| Depreciation and Amortization | $93.58M | $97.55M | $99.03M | $106.08M | $117.21M |
| EBITDA | $505.13M | $648.42M | $364.39M | $-103.19M | $258.24M |
| EBITDA Ratio | 41.09% | 47.52% | 33.12% | -2.10% | 37.95% |
| Operating Income | $380.14M | $535.91M | $255.95M | $-194.09M | $219.19M |
| Operating Income Ratio | 30.92% | 39.28% | 24.08% | -35.79% | 24.73% |
| Total Other Income Expenses Net | $23.93M | $-12.75M | $-26.33M | $-50.21M | $-46.97M |
| Income Before Tax | $404.07M | $523.16M | $229.62M | $-244.30M | $94.60M |
| Income Before Tax Ratio | 32.87% | 38.34% | 21.60% | -45.04% | 10.67% |
| Income Tax Expense | $405.00K | $9.49M | $529.00K | $-1.93M | $7.28M |
| Net Income | $403.67M | $513.67M | $229.09M | $-242.37M | $87.32M |
| Net Income Ratio | 32.84% | 37.65% | 21.55% | -44.69% | 9.85% |
| EPS | $11.70 | $15.04 | $6.74 | $-7.17 | $2.59 |
| EPS Diluted | $11.61 | $14.86 | $6.68 | $-7.16 | $2.57 |
| Weighted Average Shares Outstanding | 34.50M | 34.16M | 34.00M | 33.80M | 33.72M |
| Weighted Average Shares Outstanding Diluted | 34.77M | 34.57M | 34.29M | 33.86M | 33.92M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $351.12M | $243.28M | $296.59M | $338.34M | $313.29M | $285.86M | $370.65M | $394.66M | $367.32M | $279.39M | $242.39M | $174.02M | $160.31M | $115.89M | $123.42M | $142.75M | $127.80M | $170.24M | $246.49M | $341.90M |
| Cost of Revenue | $283.70M | $173.99M | $180.50M | $196.86M | $199.89M | $193.58M | $198.96M | $199.29M | $200.69M | $202.48M | $198.03M | $171.25M | $167.89M | $146.15M | $143.94M | $142.41M | $135.82M | $143.18M | $146.62M | $209.40M |
| Gross Profit | $67.43M | $69.29M | $116.09M | $141.48M | $113.40M | $92.28M | $171.69M | $195.37M | $166.63M | $76.90M | $44.36M | $2.77M | $-7.58M | $-30.25M | $-20.52M | $342.00K | $-8.02M | $27.07M | $99.87M | $132.50M |
| Gross Profit Ratio | 19.20% | 28.48% | 39.10% | 41.80% | 36.20% | 32.30% | 46.30% | 49.50% | 45.40% | 27.50% | 18.30% | 1.60% | -4.70% | -26.10% | -16.60% | 0.20% | -6.27% | 15.90% | 40.52% | 38.75% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.93M | $10.88M | $13.96M | $13.84M | $10.85M | $10.70M | $12.12M | $12.27M | $10.94M | $9.69M | $11.02M | $10.12M | $9.47M | $10.54M | $12.23M | $11.47M | $10.05M | $9.89M | $9.78M | $9.29M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.93M | $10.88M | $13.96M | $13.84M | $10.85M | $10.70M | $12.12M | $12.27M | $10.94M | $9.69M | $11.02M | $10.12M | $9.47M | $10.54M | $12.23M | $11.47M | $10.05M | $9.89M | $9.78M | $9.29M |
| Other Expenses | $-26.80M | $- | $1.47M | $-779.00K | $-320.00K | $-82.00K | $94.00K | $-2.25M | $-490.00K | $-1.27M | $-50.00K | $21.00K | $300.00K | $-1.72M | $-593.00K | $131.00K | $-1.14M | $44.00K | $1.03M | $8.00K |
| Operating Expenses | $-18.87M | $10.88M | $13.96M | $13.84M | $10.85M | $10.70M | $12.12M | $12.27M | $10.94M | $9.69M | $11.02M | $10.12M | $9.47M | $10.54M | $12.23M | $11.47M | $10.05M | $9.89M | $9.78M | $9.29M |
| Cost and Expenses | $264.82M | $184.86M | $194.46M | $210.70M | $210.74M | $204.28M | $211.07M | $211.56M | $211.63M | $212.17M | $209.05M | $181.37M | $177.36M | $156.69M | $156.17M | $153.88M | $145.87M | $153.06M | $156.40M | $218.69M |
| Interest Income | $7.10M | $5.77M | $5.73M | $5.47M | $3.06M | $3.12M | $1.77M | $2.23M | $920.00K | $216.00K | $167.00K | $35.00K | $34.00K | $29.00K | $29.00K | $30.00K | $39.00K | $337.00K | $567.00K | $256.00K |
| Interest Expense | $802.00K | $825.00K | $979.00K | $4.87M | $4.14M | $6.44M | $5.91M | $11.22M | $9.67M | $9.02M | $8.89M | $8.16M | $7.08M | $8.58M | $9.30M | $10.07M | $10.35M | $12.55M | $13.49M | $15.13M |
| Depreciation and Amortization | $24.45M | $23.45M | $22.37M | $23.32M | $24.63M | $24.57M | $24.38M | $23.98M | $24.46M | $24.25M | $25.24M | $25.08M | $26.67M | $25.84M | $26.89M | $26.68M | $28.04M | $29.99M | $29.55M | $29.63M |
| EBITDA | $121.40M | $82.50M | $124.51M | $150.96M | $127.18M | $109.84M | $183.96M | $207.07M | $180.14M | $91.47M | $58.58M | $18.48M | $-5.77M | $-18.31M | $-94.24M | $16.32M | $-15.79M | $252.00K | $119.64M | $152.84M |
| EBITDA Ratio | 34.57% | 33.91% | 41.98% | 44.62% | 40.59% | 38.43% | 50.44% | 52.75% | 42.97% | 32.44% | 23.83% | 9.78% | -17.94% | -15.12% | -5.87% | 10.76% | -15.05% | 27.96% | 50.48% | 45.35% |
| Operating Income | $86.30M | $58.42M | $102.14M | $127.64M | $102.55M | $81.58M | $159.57M | $181.85M | $154.28M | $75.37M | $34.08M | $-8.05M | $-21.32M | $-41.49M | $-119.43M | $-11.84M | $-42.35M | $-29.19M | $92.99M | $120.13M |
| Operating Income Ratio | 24.58% | 24.01% | 34.44% | 37.73% | 32.73% | 28.54% | 43.05% | 46.08% | 42.00% | 26.98% | 14.06% | -4.63% | -13.30% | -35.80% | -96.77% | -8.30% | -33.13% | -17.15% | 37.72% | 35.13% |
| Total Other Income Expenses Net | $9.85M | $-184.00K | $7.12M | $12.80M | $10.76M | $-2.74M | $-207.00K | $-10.20M | $-6.95M | $-6.05M | $-6.35M | $-6.99M | $-18.19M | $-11.23M | $-11.83M | $-8.95M | $-11.91M | $-13.05M | $-9.39M | $-12.62M |
| Income Before Tax | $96.15M | $58.23M | $109.25M | $140.44M | $113.31M | $78.84M | $159.36M | $171.65M | $147.33M | $69.32M | $27.73M | $-14.76M | $-39.52M | $-52.73M | $-131.26M | $-20.79M | $-54.26M | $-42.25M | $83.60M | $107.50M |
| Income Before Tax Ratio | 27.38% | 23.94% | 36.84% | 41.51% | 36.17% | 27.58% | 43.00% | 43.49% | 40.11% | 24.81% | 11.44% | -8.48% | -24.65% | -45.50% | -106.35% | -14.57% | -42.45% | -24.82% | 33.92% | 31.44% |
| Income Tax Expense | $3.04M | $-582.00K | $2.28M | $-4.33M | $1.62M | $-2.53M | $8.12M | $2.28M | $901.00K | $1.27M | $-822.00K | $-820.00K | $291.00K | $-674.00K | $-2.12M | $571.00K | $19.03M | $2.19M | $-14.60M | $664.00K |
| Net Income | $93.11M | $58.81M | $106.97M | $144.77M | $111.69M | $81.37M | $151.24M | $169.37M | $146.43M | $68.05M | $28.55M | $-13.94M | $-39.81M | $-52.05M | $-129.14M | $-21.36M | $-73.29M | $-44.43M | $98.20M | $106.84M |
| Net Income Ratio | 26.52% | 24.18% | 36.07% | 42.79% | 35.65% | 28.46% | 40.81% | 42.92% | 39.86% | 24.36% | 11.78% | -8.01% | -24.83% | -44.92% | -104.64% | -14.97% | -57.34% | -26.10% | 39.84% | 31.25% |
| EPS | $2.70 | $1.70 | $3.11 | $4.23 | $3.27 | $2.38 | $4.43 | $4.97 | $4.30 | $2.00 | $0.83 | $-0.41 | $-1.18 | $-1.54 | $-3.83 | $-0.63 | $-2.17 | $-1.32 | $2.91 | $3.17 |
| EPS Diluted | $2.68 | $1.69 | $3.08 | $4.18 | $3.23 | $2.35 | $4.38 | $4.90 | $4.25 | $1.98 | $0.83 | $-0.41 | $-1.17 | $-1.54 | $-3.82 | $-0.63 | $-2.17 | $-1.32 | $2.89 | $3.15 |
| Weighted Average Shares Outstanding | 34.50M | 34.50M | 34.38M | 34.26M | 34.20M | 34.20M | 34.14M | 34.09M | 34.08M | 34.04M | 33.95M | 33.91M | 33.80M | 33.80M | 33.72M | 33.74M | 33.70M | 33.66M | 33.73M | 33.67M |
| Weighted Average Shares Outstanding Diluted | 34.77M | 34.77M | 34.71M | 34.65M | 34.61M | 34.57M | 34.55M | 34.54M | 34.49M | 34.37M | 34.20M | 33.91M | 33.90M | 33.90M | 33.76M | 33.74M | 33.74M | 33.74M | 33.98M | 33.95M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $511.89M | $365.94M | $180.51M | $50.57M | $97.23M |
| Short Term Investments | $22.44M | $- | $2.09M | $- | $- |
| Cash and Short Term Investments | $534.33M | $365.94M | $180.51M | $50.57M | $97.23M |
| Net Receivables | $145.28M | $169.97M | $202.12M | $89.81M | $68.08M |
| Inventory | $45.99M | $53.22M | $60.83M | $49.03M | $34.61M |
| Other Current Assets | $22.35M | $24.24M | $16.05M | $55.99M | $45.49M |
| Total Current Assets | $747.94M | $613.50M | $459.51M | $245.40M | $245.41M |
| Property Plant Equipment Net | $1.18B | $1.23B | $1.30B | $1.35B | $1.56B |
| Goodwill | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M |
| Intangible Assets | $307.00K | $658.00K | $1.05M | $1.49M | $1.99M |
| Goodwill and Intangible Assets | $2.73M | $3.08M | $3.48M | $3.92M | $4.42M |
| Long Term Investments | $16.00M | $15.73M | $16.20M | $12.95M | $28.56M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $23.02M | $6.66M | $8.21M | $5.22M | $4.03M |
| Total Non-Current Assets | $1.23B | $1.26B | $1.32B | $1.37B | $1.59B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.97B | $1.87B | $1.78B | $1.62B | $1.84B |
| Account Payables | $25.55M | $29.87M | $42.35M | $34.83M | $31.06M |
| Short Term Debt | $24.88M | $56.40M | $76.75M | $77.04M | $103.31M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $10.94M | $3.12M |
| Other Current Liabilities | $81.62M | $53.02M | $51.08M | $45.22M | $62.75M |
| Total Current Liabilities | $132.04M | $139.29M | $170.17M | $157.09M | $197.12M |
| Long Term Debt | $37.41M | $159.51M | $499.46M | $577.11M | $513.99M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $41.40M | $- | $- | $- | $- |
| Other Non-Current Liabilities | $6.56M | $48.91M | $44.02M | $46.14M | $50.24M |
| Total Non-Current Liabilities | $85.38M | $208.42M | $543.47M | $623.25M | $564.22M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $217.42M | $347.71M | $713.65M | $780.34M | $761.34M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $1.31B | $1.31B | $1.30B | $1.30B | $1.30B |
| Retained Earnings | $447.06M | $220.02M | $-233.60M | $-462.69M | $-220.32M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $-0 | $0 |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $1.76B | $1.53B | $1.07B | $838.41M | $1.08B |
| Total Equity | $1.76B | $1.53B | $1.07B | $838.41M | $1.08B |
| Total Liabilities and Stockholders Equity | $1.97B | $1.87B | $1.78B | $1.62B | $1.84B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.97B | $1.87B | $1.78B | $1.62B | $1.84B |
| Total Investments | $38.44M | $15.73M | $16.20M | $12.95M | $28.56M |
| Total Debt | $62.29M | $215.91M | $576.20M | $654.03M | $617.00M |
| Net Debt | $-449.60M | $-150.03M | $395.69M | $603.46M | $519.77M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $511.89M | $463.52M | $427.52M | $370.42M | $365.94M | $227.29M | $178.85M | $169.75M | $180.51M | $78.01M | $66.27M | $18.37M | $50.57M | $60.72M | $60.50M | $87.59M | $97.23M | $120.87M | $167.91M | $203.32M |
| Short Term Investments | $22.44M | $- | $- | $- | $- | $- | $- | $2.03M | $2.09M | $1.82M | $1.22M | $561.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $534.33M | $463.52M | $427.52M | $370.42M | $365.94M | $227.29M | $178.85M | $169.75M | $180.51M | $78.01M | $66.27M | $18.37M | $50.57M | $60.72M | $60.50M | $87.59M | $97.23M | $120.87M | $167.91M | $203.32M |
| Net Receivables | $145.28M | $126.05M | $162.29M | $92.52M | $170.10M | $174.84M | $202.22M | $235.34M | $202.12M | $159.63M | $125.55M | $104.33M | $89.81M | $64.20M | $56.41M | $76.57M | $68.08M | $78.98M | $133.26M | $175.45M |
| Inventory | $45.99M | $45.44M | $49.76M | $54.87M | $53.22M | $51.68M | $56.80M | $64.42M | $60.83M | $66.17M | $84.71M | $62.73M | $49.03M | $49.82M | $49.61M | $40.40M | $34.61M | $33.44M | $30.89M | $50.43M |
| Other Current Assets | $22.35M | $52.15M | $49.45M | $48.91M | $24.24M | $11.10M | $13.54M | $14.97M | $16.05M | $15.61M | $35.29M | $45.63M | $55.99M | $27.30M | $27.22M | $14.43M | $45.49M | $18.25M | $16.87M | $65.98M |
| Total Current Assets | $747.94M | $687.16M | $689.02M | $652.24M | $613.50M | $464.91M | $451.41M | $488.18M | $459.51M | $319.42M | $311.82M | $231.06M | $245.40M | $202.04M | $193.73M | $219.00M | $245.41M | $251.54M | $348.92M | $495.19M |
| Property Plant Equipment Net | $1.18B | $1.21B | $1.15B | $1.17B | $1.23B | $1.28B | $1.30B | $1.32B | $1.30B | $1.29B | $1.29B | $1.33B | $1.35B | $1.41B | $1.43B | $1.53B | $1.56B | $1.62B | $1.68B | $1.69B |
| Goodwill | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M | $2.43M |
| Intangible Assets | $307.00K | $390.00K | $3.92M | $1.84M | $658.00K | $752.00K | $849.00K | $948.00K | $1.05M | $1.16M | $1.27M | $1.38M | $1.49M | $1.61M | $1.73M | $1.86M | $1.99M | $2.12M | $2.26M | $2.40M |
| Goodwill and Intangible Assets | $2.73M | $2.82M | $6.34M | $4.27M | $3.08M | $3.18M | $3.27M | $3.37M | $3.48M | $3.58M | $3.69M | $3.80M | $3.92M | $4.04M | $4.16M | $4.29M | $4.42M | $4.55M | $4.68M | $4.83M |
| Long Term Investments | $16.00M | $15.38M | $18.00M | $17.10M | $15.73M | $15.21M | $16.55M | $17.33M | $16.20M | $14.49M | $14.27M | $12.20M | $12.95M | $25.00M | $25.87M | $28.20M | $28.56M | $28.64M | $29.74M | $28.05M |
| Tax Assets | $- | $- | $3.92M | $1.84M | $658.00K | $- | $- | $- | $- | $- | $- | $- | $- | $181.00K | $101.00K | $167.00K | $- | $- | $- | $- |
| Other Non-Current Assets | $23.02M | $5.04M | $8.70M | $4.26M | $6.00M | $6.10M | $7.14M | $7.36M | $8.21M | $9.04M | $5.91M | $6.29M | $5.22M | $4.79M | $5.02M | $5.21M | $4.03M | $4.61M | $4.89M | $5.10M |
| Total Non-Current Assets | $1.23B | $1.23B | $1.19B | $1.19B | $1.26B | $1.31B | $1.33B | $1.35B | $1.32B | $1.31B | $1.31B | $1.35B | $1.37B | $1.45B | $1.46B | $1.57B | $1.59B | $1.66B | $1.72B | $1.73B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.97B | $1.92B | $1.88B | $1.85B | $1.87B | $1.77B | $1.78B | $1.84B | $1.78B | $1.63B | $1.63B | $1.58B | $1.62B | $1.65B | $1.65B | $1.79B | $1.84B | $1.91B | $2.07B | $2.22B |
| Account Payables | $25.55M | $21.22M | $28.12M | $25.64M | $29.87M | $24.32M | $37.42M | $43.93M | $42.35M | $34.97M | $30.94M | $28.71M | $34.83M | $33.73M | $31.11M | $34.48M | $31.06M | $41.76M | $59.65M | $63.28M |
| Short Term Debt | $24.88M | $27.65M | $32.75M | $30.80M | $56.40M | $59.89M | $65.85M | $74.08M | $76.75M | $94.70M | $94.25M | $95.92M | $77.04M | $81.10M | $161.96M | $231.30M | $103.31M | $65.63M | $75.06M | $124.79M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $3.30M | $- | $- | $- | $4.26M | $35.94M | $- | $- | $- | $- | $- | $10.94M | $46.97M | $47.09M | $40.28M | $3.12M | $44.44M | $42.45M | $48.22M |
| Other Current Liabilities | $81.62M | $48.93M | $44.73M | $42.72M | $53.02M | $45.76M | $42.97M | $57.00M | $51.08M | $45.55M | $66.09M | $59.18M | $45.22M | $49.65M | $48.24M | $42.96M | $62.75M | $48.62M | $51.10M | $56.85M |
| Total Current Liabilities | $132.04M | $101.09M | $105.60M | $99.16M | $139.29M | $129.96M | $146.24M | $175.00M | $170.17M | $175.22M | $191.29M | $183.81M | $157.09M | $164.48M | $241.32M | $308.74M | $197.12M | $156.01M | $185.82M | $244.92M |
| Long Term Debt | $37.41M | $26.35M | $30.96M | $35.07M | $159.51M | $171.46M | $233.11M | $377.42M | $499.46M | $492.18M | $539.41M | $528.53M | $577.11M | $560.88M | $435.63M | $370.81M | $514.58M | $573.80M | $662.04M | $831.13M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $41.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $6.56M | $43.87M | $48.09M | $46.05M | $48.91M | $47.50M | $51.68M | $46.18M | $44.02M | $42.48M | $42.08M | $45.54M | $46.14M | $46.56M | $47.83M | $50.22M | $49.64M | $30.40M | $28.30M | $51.61M |
| Total Non-Current Liabilities | $85.38M | $70.22M | $79.05M | $81.12M | $208.42M | $218.96M | $284.79M | $423.60M | $543.47M | $534.67M | $581.50M | $574.08M | $623.25M | $607.44M | $483.46M | $421.03M | $564.22M | $604.20M | $690.35M | $882.74M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $217.42M | $171.32M | $184.65M | $180.29M | $347.71M | $348.92M | $431.03M | $598.61M | $713.65M | $709.89M | $772.78M | $757.89M | $780.34M | $771.92M | $724.78M | $729.77M | $761.34M | $760.22M | $876.17M | $1.13B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B |
| Retained Earnings | $447.06M | $435.69M | $385.50M | $356.17M | $220.02M | $116.91M | $44.12M | $-64.24M | $-233.60M | $-380.03M | $-448.08M | $-476.63M | $-462.69M | $-422.88M | $-370.83M | $-241.68M | $-220.32M | $-147.03M | $-102.60M | $-200.80M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $0 | $0 | $-0 | $-0 | $0 | $0 | $-0 | $-0 | $-0 | $-0 | $-0 | $- | $-568.40M | $0 | $0 | $-722.80M | $2.19B |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $-0 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-2.19B |
| Total Stockholders Equity | $1.76B | $1.74B | $1.70B | $1.67B | $1.53B | $1.42B | $1.35B | $1.24B | $1.07B | $922.70M | $853.57M | $824.90M | $838.41M | $877.77M | $929.43M | $1.06B | $1.08B | $1.15B | $1.20B | $1.10B |
| Total Equity | $1.76B | $1.74B | $1.70B | $1.67B | $1.53B | $1.42B | $1.35B | $1.24B | $1.07B | $922.70M | $853.57M | $824.90M | $838.41M | $877.77M | $929.43M | $1.06B | $1.08B | $1.15B | $1.20B | $1.10B |
| Total Liabilities and Stockholders Equity | $1.97B | $1.92B | $1.88B | $1.85B | $1.87B | $1.77B | $1.78B | $1.84B | $1.78B | $1.63B | $1.63B | $1.58B | $1.62B | $1.65B | $1.65B | $1.79B | $1.84B | $1.91B | $2.07B | $2.22B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.97B | $1.92B | $1.88B | $1.85B | $1.87B | $1.77B | $1.78B | $1.84B | $1.78B | $1.63B | $1.63B | $1.58B | $1.62B | $1.65B | $1.65B | $1.79B | $1.84B | $1.91B | $2.07B | $2.22B |
| Total Investments | $38.44M | $15.38M | $18.00M | $17.10M | $15.73M | $15.21M | $16.55M | $17.33M | $16.20M | $14.49M | $14.27M | $12.20M | $12.95M | $25.00M | $25.87M | $28.20M | $28.56M | $28.64M | $29.74M | $28.05M |
| Total Debt | $62.29M | $54.00M | $63.70M | $65.87M | $215.91M | $231.34M | $298.95M | $451.50M | $576.20M | $586.88M | $633.66M | $624.46M | $654.03M | $641.68M | $597.30M | $601.83M | $617.00M | $639.16M | $736.86M | $955.87M |
| Net Debt | $-449.60M | $-408.85M | $-363.82M | $-304.55M | $-150.03M | $4.05M | $120.10M | $281.75M | $395.69M | $508.88M | $567.40M | $606.09M | $603.46M | $580.96M | $536.80M | $514.24M | $519.77M | $518.29M | $568.95M | $752.54M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $403.67M | $513.67M | $229.09M | $-242.37M | $87.32M |
| Depreciation and Amortization | $93.58M | $97.55M | $99.03M | $106.08M | $117.21M |
| Deferred Income Tax | $-5.72M | $7.81M | $-129.00K | $-3.11M | $7.11M |
| Stock Based Compensation | $- | $- | $40.80M | $2.10M | $1.90M |
| Change in Working Capital | $43.15M | $27.22M | $-112.22M | $-50.12M | $89.92M |
| Accounts Receivables | $50.06M | $32.02M | $-114.04M | $-22.75M | $140.29M |
| Inventory | $6.13M | $6.15M | $-11.80M | $-17.62M | $13.63M |
| Accounts Payables | $-9.85M | $-15.86M | $21.07M | $-13.93M | $-50.04M |
| Other Working Capital | $-3.20M | $4.91M | $-7.44M | $4.18M | $-13.96M |
| Other Non Cash Items | $-62.76M | $-20.18M | $-63.30M | $-24.97M | $-19.42M |
| Net Cash Provided by Operating Activities | $471.91M | $626.07M | $193.26M | $-109.44M | $347.94M |
| Investments in Property Plant and Equipment | $-70.50M | $-10.20M | $-15.43M | $-21.45M | $-16.02M |
| Acquisitions Net | $- | $23.56M | $69.65M | $58.09M | $85.89M |
| Purchases of Investments | $-21.04M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $86.44M | $3.90M | $-3.00M | $1.50M | $4.65M |
| Net Cash Used for Investing Activities | $-5.11M | $17.26M | $51.22M | $38.14M | $74.52M |
| Debt Repayment | $-142.17M | $-402.85M | $-112.03M | $22.18M | $-385.95M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-102.82M | $-59.52M | $- | $- | $- |
| Other Financing Activities | $-98.41M | $-2.39M | $-1.01M | $-225.00K | $-30.16M |
| Net Cash Used Provided by Financing Activities | $-343.40M | $-464.75M | $-113.05M | $24.08M | $-416.10M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $123.41M | $178.38M | $131.43M | $-47.22M | $6.36M |
| Cash at End of Period | $515.56M | $365.94M | $187.36M | $55.93M | $103.15M |
| Cash at Beginning of Period | $392.15M | $187.36M | $55.93M | $103.15M | $96.79M |
| Operating Cash Flow | $471.91M | $626.07M | $193.26M | $-109.44M | $347.94M |
| Capital Expenditure | $-75.34M | $-10.20M | $-15.43M | $-21.45M | $-16.02M |
| Free Cash Flow | $396.57M | $615.87M | $177.84M | $-130.89M | $331.92M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $93.11M | $58.81M | $106.97M | $144.77M | $111.69M | $81.37M | $151.24M | $169.37M | $146.43M | $68.05M | $28.55M | $-13.94M | $-39.81M | $-52.05M | $-129.14M | $-21.36M | $-73.29M | $-44.43M | $98.20M | $106.84M |
| Depreciation and Amortization | $24.45M | $23.45M | $22.37M | $23.32M | $24.63M | $24.57M | $24.38M | $23.98M | $24.46M | $24.25M | $25.24M | $25.08M | $26.67M | $25.84M | $26.89M | $26.68M | $28.04M | $29.99M | $29.55M | $29.63M |
| Deferred Income Tax | $-2.27M | $-867.00K | $2.01M | $-4.59M | $1.25M | $-3.08M | $7.86M | $1.78M | $985.00K | $903.00K | $-1.20M | $-820.00K | $54.00K | $-1.28M | $-2.36M | $484.00K | $18.06M | $1.92M | $-14.31M | $1.44M |
| Stock Based Compensation | $- | $- | $2.30M | $600.00K | $900.00K | $600.00K | $800.00K | $500.00K | $39.00M | $500.00K | $500.00K | $700.00K | $15.48M | $1.36M | $87.87M | $334.00K | $23.87M | $45.10M | $-5.61M | $2.45M |
| Change in Working Capital | $11.30M | $16.72M | $19.09M | $-23.59M | $19.78M | $23.60M | $19.00M | $-28.95M | $-25.15M | $-29.04M | $-33.27M | $-24.77M | $-25.00M | $-2.25M | $7.16M | $-30.04M | $17.29M | $12.25M | $61.69M | $-1.31M |
| Accounts Receivables | $- | $- | $- | $- | $29.66M | $- | $- | $- | $-114.04M | $- | $- | $- | $-22.75M | $- | $- | $- | $140.29M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $6.15M | $- | $- | $- | $-11.80M | $- | $- | $- | $-17.62M | $- | $- | $- | $13.63M | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $11.30M | $16.72M | $19.09M | $-23.59M | $-2.54M | $23.60M | $19.00M | $-28.95M | $100.69M | $-29.04M | $-33.27M | $-24.77M | $30.42M | $10.36M | $7.16M | $-30.04M | $-83.32M | $12.25M | $61.69M | $-1.31M |
| Other Non Cash Items | $-39.02M | $10.20M | $42.69M | $31.80M | $20.98M | $-2.28M | $-1.60M | $641.00K | $-40.63M | $-18.35M | $-2.81M | $-216.00K | $-2.73M | $-10.01M | $-8.68M | $-3.54M | $-13.85M | $-1.89M | $-3.32M | $-365.00K |
| Net Cash Provided by Operating Activities | $87.57M | $108.31M | $146.38M | $129.66M | $127.82M | $123.50M | $202.89M | $167.32M | $145.09M | $46.32M | $16.52M | $-14.67M | $-25.34M | $-38.40M | $-18.26M | $-27.45M | $132.00K | $42.94M | $166.19M | $138.69M |
| Investments in Property Plant and Equipment | $-295.00K | $-64.14M | $-10.34M | $-570.00K | $-4.22M | $-3.27M | $-2.26M | $-442.00K | $-3.92M | $-4.10M | $-3.34M | $-4.07M | $-6.28M | $-7.93M | $-6.32M | $-913.00K | $-7.14M | $-5.80M | $-2.23M | $-842.00K |
| Acquisitions Net | $- | $- | $- | $23.43M | $23.56M | $- | $- | $- | $- | $25.13M | $28.52M | $16.00M | $13.41M | $11.99M | $- | $32.69M | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $2.50M | $- | $- | $-3.90M | $3.90M | $- | $- | $- | $- | $- | $- | $- | $-1.50M | $1.50M | $- | $- | $- | $- | $- |
| Other Investing Activities | $44.31M | $-1 | $-10.34M | $23.43M | $23.56M | $-1.90M | $1.90M | $- | $69.65M | $25.13M | $25.52M | $16.00M | $13.41M | $11.99M | $1.50M | $32.69M | $- | $11.83M | $15.80M | $62.91M |
| Net Cash Used for Investing Activities | $44.02M | $-61.65M | $-10.34M | $22.86M | $19.34M | $-1.27M | $-358.00K | $-442.00K | $-3.92M | $21.03M | $22.18M | $11.93M | $7.14M | $4.06M | $-4.82M | $31.77M | $-7.14M | $6.02M | $13.56M | $62.07M |
| Debt Repayment | $- | $-131.74M | $- | $-142.17M | $-9.75M | $-64.42M | $-152.03M | $-177.65M | $-37.65M | $-55.38M | $10.18M | $-32.18M | $7.79M | $32.28M | $-64.01M | $-23.89M | $-8.84M | $-96.08M | $-215.51M | $-85.11M |
| Common Stock Issued | $- | $- | $72.00K | $2.79M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-8.59M | $-8.58M | $-77.09M | $-8.56M | $-8.52M | $-8.52M | $-42.48M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-97.17M | $129.65M | $-1.85M | $-90.00K | $4.54M | $-866.00K | $-5.06M | $- | $-40.00K | $- | $-669.00K | $2.69M | $- | $-132.00K | $59.95M | $9.96M | $-10.00M | $- | $-562.00K | $- |
| Net Cash Used Provided by Financing Activities | $-105.75M | $-10.67M | $-78.94M | $-148.03M | $-9.20M | $-73.80M | $-199.57M | $-177.65M | $-37.69M | $-55.38M | $9.51M | $-29.49M | $7.79M | $34.28M | $-4.06M | $-13.93M | $-18.84M | $-96.08M | $-216.08M | $-85.11M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $52.04M | $36.00M | $57.10M | $4.48M | $137.96M | $48.43M | $2.96M | $-10.77M | $103.49M | $11.97M | $48.20M | $-32.23M | $-10.41M | $-63.00K | $-27.15M | $-9.60M | $-25.85M | $-47.12M | $-36.33M | $115.64M |
| Cash at End of Period | $515.56M | $463.52M | $427.52M | $370.42M | $365.94M | $227.98M | $179.55M | $176.59M | $187.36M | $83.87M | $71.90M | $23.70M | $55.93M | $66.33M | $66.40M | $93.54M | $103.15M | $129.00M | $176.11M | $212.44M |
| Cash at Beginning of Period | $463.52M | $427.52M | $370.42M | $365.94M | $227.98M | $179.55M | $176.59M | $187.36M | $83.87M | $71.90M | $23.70M | $55.93M | $66.33M | $66.40M | $93.54M | $103.15M | $129.00M | $176.11M | $212.44M | $96.79M |
| Operating Cash Flow | $87.57M | $108.31M | $146.38M | $129.66M | $127.82M | $123.50M | $202.89M | $167.32M | $145.09M | $46.32M | $16.52M | $-14.67M | $-25.34M | $-38.40M | $-18.26M | $-27.45M | $132.00K | $42.94M | $166.19M | $138.69M |
| Capital Expenditure | $-295.00K | $-64.14M | $-10.34M | $-570.00K | $-4.22M | $-3.27M | $-2.26M | $-442.00K | $-3.92M | $-4.10M | $-3.34M | $-4.07M | $-6.28M | $-7.93M | $-6.32M | $-913.00K | $-7.14M | $-5.80M | $-2.23M | $-842.00K |
| Free Cash Flow | $87.27M | $44.17M | $136.04M | $129.09M | $123.60M | $120.23M | $200.63M | $166.88M | $141.17M | $42.22M | $13.18M | $-18.74M | $-31.61M | $-46.33M | $-24.58M | $-28.36M | $-7.01M | $37.13M | $163.95M | $137.84M |
Teekay Tankers Dividends
Explore Teekay Tankers's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
7.49%
Dividend Payout Ratio
25.47%
Dividend Paid & Capex Coverage Ratio
2.65x
Teekay Tankers Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.25 | $0.25 | March 03, 2025 | March 03, 2025 | March 14, 2025 | February 19, 2025 |
| $0.25 | $0.25 | November 12, 2024 | November 12, 2024 | November 22, 2024 | October 30, 2024 |
| $0.25 | $0.25 | August 12, 2024 | August 12, 2024 | August 23, 2024 | August 01, 2024 |
| $2.25 | $2.25 | May 20, 2024 | May 21, 2024 | May 31, 2024 | May 09, 2024 |
| $0.25 | $0.25 | March 01, 2024 | March 04, 2024 | March 15, 2024 | February 22, 2024 |
| $0.25 | $0.25 | November 13, 2023 | November 14, 2023 | November 27, 2023 | November 02, 2023 |
| $0.25 | $0.25 | August 11, 2023 | August 14, 2023 | August 25, 2023 | August 03, 2023 |
| $1.25 | $1.25 | May 19, 2023 | May 22, 2023 | June 02, 2023 | May 11, 2023 |
| $0.03 | $0.24 | March 02, 2018 | March 05, 2018 | March 09, 2018 | February 21, 2018 |
| $0.03 | $0.24 | November 17, 2017 | November 20, 2017 | November 24, 2017 | November 08, 2017 |
| $0.03 | $0.24 | August 10, 2017 | August 14, 2017 | August 18, 2017 | August 09, 2017 |
| $0.03 | $0.24 | May 24, 2017 | May 29, 2017 | June 02, 2017 | May 18, 2017 |
| $0.03 | $0.24 | March 02, 2017 | March 06, 2017 | March 10, 2017 | February 24, 2017 |
| $0.03 | $0.24 | November 09, 2016 | November 14, 2016 | November 18, 2016 | November 03, 2016 |
| $0.06 | $0.48 | August 11, 2016 | August 15, 2016 | August 19, 2016 | August 05, 2016 |
| $0.09 | $0.72 | May 25, 2016 | May 30, 2016 | June 03, 2016 | May 19, 2016 |
| $0.12 | $0.96 | January 29, 2016 | February 02, 2016 | February 12, 2016 | December 14, 2015 |
| $0.03 | $0.24 | October 14, 2015 | October 16, 2015 | October 30, 2015 | October 05, 2015 |
| $0.03 | $0.24 | July 15, 2015 | July 17, 2015 | July 31, 2015 | July 07, 2015 |
| $0.03 | $0.24 | April 15, 2015 | April 17, 2015 | April 30, 2015 | April 06, 2015 |
Teekay Tankers News
Read the latest news about Teekay Tankers, including recent articles, headlines, and updates.
Wall Street Analysts See Teekay Tankers (TNK) as a Buy: Should You Invest?
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?
Is It Worth Investing in Teekay Tankers (TNK) Based on Wall Street's Bullish Views?
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?
Teekay Corporation Ltd. (TNK) Q4 2024 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TNK ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Kenneth Hvid - President, CEO & Director Christian Waldegrave - Director, Research & Commercial Performance Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Merrill Lynch Operator Welcome to the Teekay Group Fourth Quarter 2024 Earnings Results Conference Call.
Teekay Corporation Ltd. Reports Fourth Quarter and Annual 2024 Results
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2024 Results and Declares Dividend
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and the year ended December 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2024. The cash dividend is payable on March 14, 2025 to all shareholders of record as at March 3, 2025.
Teekay Group to Announce Fourth Quarter and Annual 2024 Earnings Results on February 19, 2025
HAMILTON, Bermuda, Feb. 11, 2025 (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 fourth quarter and annual 2024 after market close on Wednesday, February 19, 2025.
Is Teekay Tankers (TNK) a Buy as Wall Street Analysts Look Optimistic?
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?
Teekay Tankers: Valuation Secured By Scrap Value And Huge Cash Pile
Teekay Tankers is undervalued, trading near scrap value, despite a fleet with 10 years of operational life and strong free cash flow. The company has a solid financial position with no debt and $462.9 million in cash, aiming to renew its aging fleet. Despite lower expected rates, TNK's fair value is estimated at $50 per share, offering significant upside potential and limited downside risk.
Teekay Corporation: Offering Exposure To Teekay Tankers At A Discount
At the end of October 2024, Teekay Corporation owned 10.6 million Class A and Class B common shares of Teekay Tankers, currently worth ~$403 million. After the Teekay Tankers holdings, the second-largest asset of Teekay Corporation is a net cash position of $281.1 million. Once Teekay Tankers and Teekay Corporation are combined, the net cash balance increases to $744.6 million, which is unparalleled in the tanker industry.
Teekay Group Announces Changes to Boards of Directors
HAMILTON, Bermuda, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) announced today the following changes to their respective Boards of Directors, which are effective as of December 31, 2024. The changes further streamline and simplify the Teekay Group, and align with the previously announced goal of having Teekay Tankers serve as the sole operating platform within the Teekay Group and Teekay focusing on managing its controlling interest in Teekay Tankers:
Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash
Despite large declines in spot rates over the last few months, Teekay Tanker is still generating significant free cash flows. Spot rates would have to fall by another 50% before Teekay becomes neutral on a free cash flow basis. Even if it occurs, the company would be supported by its net cash balance of $463.5 million, which represents 35% of the market cap.
Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
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 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 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 Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend
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 Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024
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.
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