The earnings call highlighted strong financial performance and strategic fleet renewal efforts, while also acknowledging potential challenges from geopolitical uncertainties and market volatility. The company's solid financial position and expected market tailwinds suggest positive future prospects.

Company Guidance -

Q3 2025

During the Teekay Group's Second Quarter 2025 Earnings Conference Call, Kenneth Hvid, President and CEO, provided an extensive overview of the company's financial performance and strategic initiatives. Teekay Tankers reported a GAAP net income of $62.6 million, or $1.81 per share, and an adjusted net income of $48.7 million, or $1.41 per share, for the second quarter. The company generated approximately $62.8 million in free cash flow from operations, ending the quarter with a cash and short-term investment position of $712 million and no debt. Teekay has actively engaged in fleet renewal, agreeing to sell 11 vessels for gross proceeds of $340 million and estimated book gains of $100 million in 2025. The company acquired one modern Suezmax and agreed to acquire the remaining 50% interest in the Hong Kong Spirit VLCC. Spot rates were secured at $31,400 per day for Suezmax and $28,200 per day for Aframax LR2 fleets, with 43% of the spot base booked. Teekay declared a regular quarterly dividend of $0.25 per share. Looking ahead, Teekay anticipates increased tanker demand due to global oil production rises, with OPEC+ unwinding supply cuts and new production from South America. Despite geopolitical uncertainties, Teekay remains well-positioned for future fleet renewal and continued financial strength.

Strong Financial Performance

Teekay Tankers reported GAAP net income of $62.6 million or $1.81 per share and adjusted net income of $48.7 million or $1.41 per share in the second quarter. The company generated approximately $62.8 million in free cash flow from operations.

Debt-Free Balance Sheet

Teekay Tankers ended the quarter with a cash and short-term investment position of $712 million and no debt, enhancing financial flexibility.

Fleet Renewal Strategy

Teekay Tankers is actively executing on its fleet renewal strategy, including selling older vessels and purchasing modern ones. In July, they acquired a modern Suezmax and agreed to acquire the remaining 50% ownership interest in the Hong Kong Spirit VLCC.

Expected Future Growth

Global oil production is expected to increase due to unwinding OPEC+ supply cuts and new production from South America, potentially boosting tanker rates in the second half of the year.

Dividend Declaration

Teekay Tankers declared its regular quarterly fixed dividend of $0.25 per share.

Teekay Tankers (TNK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TNK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.16 / -	1.84	―	―	―
Aug 01, 2025	2025 (Q2)	1.41 / 1.41	3.095	-54.44% (-1.69)
May 07, 2025	2025 (Q1)	1.14 / 1.21	3.82	-68.32% (-2.61)
Feb 19, 2025	2024 (Q4)	1.47 / 1.50	2.91	-48.45% (-1.41)
Oct 30, 2024	2024 (Q3)	1.88 / 1.84	2.24	-17.86% (-0.40)
Aug 01, 2024	2024 (Q2)	3.14 / 3.10	4.38	-29.34% (-1.28)
May 09, 2024	2024 (Q1)	3.80 / 3.82	5.054	-24.42% (-1.23)
Feb 22, 2024	2023 (Q4)	3.42 / 2.91	4.33	-32.79% (-1.42)
Nov 02, 2023	2023 (Q3)	2.20 / 2.24	1.7	31.76% (+0.54)
Aug 03, 2023	2023 (Q2)	4.28 / 4.38	0.76	476.32% (+3.62)

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
Aug 01, 2025	$42.60	$45.14	+5.96%
May 07, 2025	$44.95	$42.75	-4.89%
Feb 19, 2025	$39.30	$38.96	-0.87%
Oct 30, 2024	$46.01	$45.84	-0.37%

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 Oct 30, 2025, Before Open (Confirmed).

What is Teekay Tankers Ltd (TNK) earnings time?

Teekay Tankers Ltd (TNK) earnings time is at Oct 30, 2025, Before Open (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 (Q3) is 1.16.

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