The earnings call reflected a strong financial performance with significant cash generation, strategic fleet management, and no debt, which positions the company positively. However, the call highlighted potential challenges due to market volatility and geopolitical uncertainties, which could impact future performance.

Company Guidance -

Q3 2025

During the Teekay Group's Second Quarter 2025 earnings call, the company provided a comprehensive overview of its 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. The company generated $62.8 million in free cash flow from operations, ending the quarter with a strong cash position of $712 million and no debt. Teekay Tankers executed fleet renewal strategies by selling 11 vessels for $340 million in gross proceeds, resulting in an estimated book gain of $100 million, while also acquiring modern vessels, including a Suezmax and a 50% ownership stake in a VLCC. The company secured spot rates of $31,400 per day for Suezmax and $28,200 per day for Aframax LR2 fleets, with 43% of the spot base booked. Teekay Tankers anticipates increased oil production in the second half of the year, driven by OPEC+ unwinding supply cuts and higher production from South America, which could support tanker rates. The company also declared a regular quarterly dividend of $0.25 per share and emphasized its strong financial position, with a low free cash flow breakeven of $13,000 per day, enabling continued fleet renewal and value creation.

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, with strong free cash flow generation of $62.8 million.

Debt-Free and Strong Cash Position

The company has a cash and short-term investment position of $712 million and no debt, providing financial strength and flexibility.

Positive Market Dynamics

Second quarter spot rates were counter seasonally strong with rates outperforming the last two quarters and above long-term averages.

Strategic Fleet Renewal and Sales

Teekay Tankers sold 4 Suezmaxes and 1 LR2 for a total of $158.5 million, expecting a book gain of approximately $46 million. In total, 11 vessels were sold for $340 million, with estimated book gains of $100 million.

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	$42.36	$44.89	+5.97%
May 07, 2025	$44.70	$42.51	-4.90%
Feb 19, 2025	$39.08	$38.75	-0.84%
Oct 30, 2024	$45.75	$45.59	-0.35%

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 Oct 30, 2025, Before Open (Confirmed).

What is Teekay Tankers (TNK) earnings time?

Teekay Tankers (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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