Teekay Tankers (TNK) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Teekay Tankers Ltd. reported strong earnings in Q2 2024 with a GAAP net income of $107.0 million, despite a decrease from previous quarters due to lower average spot tanker rates and increased dry dockings. The company bolstered its fleet through the purchase of a new Aframax vessel and optimized its charter strategy, alongside declaring a quarterly cash dividend of $0.25 per share.
For further insights into TNK stock, check out TipRanks’ Stock Analysis page.