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Teekay Tankers Ltd (TNK)
NYSE:TNK
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.07Last Year’s EPS
1.21Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive tone: strong quarterly and annual earnings, robust free cash flow generation, a large cash balance and no debt, high spot rates and strong booking metrics, plus active fleet renewal and operational excellence. Noted headwinds include market volatility, an elevated order book (near 10-year high as a % of fleet), and timing uncertainty around fleet replacements and deliveries. Management expects selective, opportunistic fleet additions rather than large M&A given current asset valuations. On balance the highlights materially outweigh the risks discussed.Company Guidance
Strong Quarterly and Annual Earnings
Q4 GAAP net income of $120M ($3.47/share) and adjusted net income of $97M ($2.80/share). Full-year GAAP net income $351M ($10.15/share) and adjusted net income $241M ($6.96/share).
Robust Free Cash Flow and Cash Position
Generated approximately $112M in free cash flow from operations in Q4 and $309M for the full year. Cash on hand at quarter end was $853M (excludes $99M escrow); company has no debt.
Exceptional Spot Market Performance and Bookings
Spot tanker rates were the second-highest Q4 in 15 years. Secured spot rates to date of ~$79,800/day (VLCC), ~$56,900/day (Suezmax) and ~$51,400/day (Aframax LR2). VLCC ~78% spot days booked and midsized fleet ~65% spot days booked.
Fleet Renewal and Realized Gains
Acquired 6 vessels for $300M and sold 14 vessels for $500M in 2025, booking estimated gains of ~$145M. Recent deals: three 2016 Aframaxes purchased for $142M (bareboat chartered back), two older Suezmaxes sold for $73M, and a VLCC sale for $84.5M (delivery Q2). Expect to recognize ~ $45M of gains in Q1/Q2 2026 from recent sales.
Low Free Cash Flow Breakeven and High Operating Leverage
Low free cash flow breakeven of approximately $11,300/day (down from $21,300/day in 2022, ~47% reduction). Each $5,000/day increase above breakeven expected to produce ~ $55M annual FCF or ~$1.60/share.
Capital Returns and Dividends
Declared regular fixed dividend of $0.25/share. Returned approximately $69M of capital to shareholders in 2025 (regular quarterly dividends plus $1 special in May).
Operational and Safety Performance
0 lost time injuries and 99.8% fleet availability in 2025, underlining strong operational reliability.
Strategic Financial Flexibility
No debt and large liquidity ($853M cash) provides capacity to act opportunistically in a dynamic market; management expects selective 'drip-feed' acquisitions rather than large M&A given elevated asset values.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $44.37 | $42.20 | -4.90% |
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 May 07, 2026, Before Open (Confirmed).
What is Teekay Tankers Ltd (TNK) earnings time?
Teekay Tankers Ltd (TNK) earnings time is at May 07, 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 (Q1) is 3.07.