Teekay Tankers (TNK)
NYSE:TNK
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.71Last Year’s EPS
1.41Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong near-term financial performance, exceptional cash generation, a debt-free balance sheet, attractive spot rates and proactive fleet renewal while also acknowledging significant geopolitical risk, operational dislocations (trapped/idle vessels), elevated secondhand asset prices that slow acquisitions, and structural uncertainties around fleet supply and inventory rebuild timing. Overall, positives (robust earnings, cash, dividends, and market positioning) materially outweigh the risks, though company strategy remains cautious given the market volatility.Company Guidance
Strong GAAP and Adjusted Earnings
Q1 FY26 GAAP net income of $154 million ($4.42 per share) and adjusted net income of $128 million ($3.69 per share), over $30 million better than the prior quarter and 2–3x the results from the same period last year.
Robust Spot Rates and Market Momentum
Q1 spot tanker rates averaged approximately $61,000/day across the midsized fleet (near first-quarter record highs). Early Q2 secured spot rates of $142k (VLCC), $122k (Suezmax), and $98k (Aframax/LR2), with ~71% of VLCC spot days and ~57% of Suezmax/Aframax spot days already booked.
High Free Cash Flow and Strong Balance Sheet
Generated approximately $143 million in free cash flow from operations in Q1 and $380 million ($11.14 per share) in the last four quarters (~30% free cash flow yield vs closing share price at end of Q1 25). Cash position increased to just shy of $1 billion and the company reported no debt at quarter end.
Low Free Cash Flow Breakeven and Leverage to Rates
Free cash flow breakeven reduced to about $8.2k/day for the next 12 months; every $5k/day increase above that is expected to produce roughly $53 million (~$1.53 per share) of annual free cash flow.
Active Fleet Renewal and Asset Recycling
YTD acquisitions/agreements to acquire 5 modern vessels for $332 million and sales/agreements to sell 4 vessels for $211 million. Over the last 12 months sold/agreed 11 vessels for $432 million with combined gains of $139 million and acquired/agreed 8 vessels for $490 million.
Capital Deployment and Dividends
Declared regular fixed quarterly dividend of $0.25 per share and a special dividend of $1.00 per share; management emphasizes maintaining investment capacity while returning capital to shareholders.
Commercial Opportunism (Time Charters)
Took advantage of the strong spot market by outchartering a Suezmax at $80k/day for 10–12 months and an Aframax at $60k/day for 12 months, capturing high near-term earnings.
Market Drivers Supporting Higher Rates
Drivers cited: rising seaborne oil trade volumes, tighter sanctions on Russia/Iran/Venezuela, fleet consolidation in VLCC sector, longer voyage distances (Atlantic to Asia), and record U.S. Gulf exports (5 million bpd in April 2026).
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 13, 2026 | $77.57 | $77.34 | -0.30% |
Feb 18, 2026 | $72.31 | $73.65 | +1.86% |
Oct 31, 2025 | $60.55 | $60.17 | -0.64% |
Aug 01, 2025 | $42.05 | $44.56 | +5.96% |
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 (TNK) report earnings?
Teekay Tankers (TNK) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Teekay Tankers (TNK) earnings time?
Teekay Tankers (TNK) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 5.71.