Teekay Tankers reports Q2 EPS $1.41, consensus $1.40

Reports Q2 revenue $232.87M vs. $328.26M last year. “Teekay Tankers (TNK) posted strong financial results for the second quarter of 2025, generating GAAP net income of $62.6 million and adjusted net income of $48.7 million,” commented Kenneth Hvid, Teekay Tankers’ president and CEO. “Spot tanker rates were counter-seasonally strong during the quarter with rates outperforming the last two quarters and at levels well above the historical average for a second quarter. So far in the third quarter, we have seen rates soften slightly in line with normal seasonal trends. Looking ahead, with OPEC+ unwinding production cuts at an accelerated pace, an increase in non-OPEC+ production in the Atlantic Basin, and low global oil inventories, we believe Teekay Tankers is well-positioned to benefit from the potential seasonal tanker demand uplift later in the year.”