Teekay Tankers Reports Robust Q2 2024 Earnings
Company Announcements

Teekay Tankers Reports Robust Q2 2024 Earnings

Teekay Tankers (TNK) has released an update.

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.

Related Articles
TheFlyTeekay Tankers price target lowered to $69 from $77 at BofA
TheFlyTeekay Tankers CEO Kevin Mackay, CFO Stewart Andrade to depart
TipRanks Auto-Generated NewsdeskTeekay Announces Executive Leadership Reshuffle
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App