Education
About Us
Working with TipRanks
Follow Us
Teekay Tankers Ltd (TNK)
NYSE:TNK
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.02Last Year’s EPS
3.1Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 1.41%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights strong financial performance, successful vessel sales, and a positive outlook for spot market rates and fleet renewal. However, these positives are tempered by uncertainties related to geopolitical tensions, economic conditions, and an aging global fleet, which could lead to market volatility.Company Guidance
During the Teekay Group's first quarter 2025 earnings call, several key metrics and strategic directions were highlighted. Teekay Tankers reported a GAAP net income of $76 million, or $2.20 per share, and an adjusted net income of $42 million, or $1.21 per share. The company generated approximately $65 million in free cash flow from operations during the quarter and announced the sale of six vessels for a total of $183 million, resulting in an expected accounting gain of $53 million. Teekay Tankers declared a regular quarterly dividend of $0.25 per share, alongside a special dividend of $1 per share, culminating in a total dividend payout of $1.25 per share. The firm has paid out $6.25 per share since updating its capital allocation plan in May 2023, with its book equity per share growing by over $21, or over $27 including dividends, to approximately $53 per share as of March 31, 2025. The tanker market is seeing strengthened spot rates, with secured rates of $40,400 per day for Suezmax and $36,800 per day for Aframax LR2 fleets. Teekay Corporation also declared a special dividend of $1 per share. Looking forward, Teekay expects continued strong cash flow generation, with a focus on fleet renewal through selling older vessels and acquiring modern tonnage, as well as leveraging market conditions for further opportunities.Strong Financial Performance
Teekay Tankers reported GAAP net income of $76 million ($2.20 per share) and adjusted net income of $42 million ($1.21 per share) in Q1 2025. The company generated $65 million in free cash flow from operations.
Successful Vessel Sales
Teekay Tankers sold six vessels for total gross proceeds of approximately $183 million, realizing an expected accounting gain of $53 million.
Special Dividends Declared
Teekay Tankers declared a special dividend of $1 per share, alongside a regular quarterly dividend, totaling $1.25 per share.
Rising Spot Market Rates
Spot tanker market rates have strengthened significantly, with secured spot rates of $40,400 and $36,800 per day for Suezmax and Aframax LR2 fleets, respectively.
Fleet Renewal Strategy
Teekay Tankers is actively renewing its fleet by selling older vessels and acquiring more modern tonnage, including a modern LR2 vessel expected to be delivered soon.
---
TNK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $46.18 | $43.92 | -4.89% |
Feb 19, 2025 | $40.38 | $40.03 | -0.87% |
Oct 30, 2024 | $47.27 | $47.10 | -0.36% |
Aug 01, 2024 | $64.35 | $60.63 | -5.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Teekay Tankers Ltd (TNK) report earnings?
Teekay Tankers Ltd (TNK) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Teekay Tankers Ltd (TNK) earnings time?
Teekay Tankers Ltd (TNK) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNK EPS forecast?
TNK EPS forecast for the fiscal quarter 2025 (Q2) is 2.02.
---