Teekay Tankers Ltd.TNK
What Teekay Tankers Ltd. does.
Our primary business is to own and operate crude oil and product tankers, and we employ a chartering strategy that seeks to capture upside opportunities in the tanker spot market while using fixed-rate time charters to reduce downside risks. Our mix of vessels trading in the spot market or subject to fixed-rate time charters will change from time to time. In addition to our core business, we also provide operational and maintenance marine services as part of our Australian operations and STS support services, along with our in-house tanker commercial management and technical management operations. We believe this improves our ability to manage the cyclicality of the tanker market through the less volatile cash flows generated by these operational areas. Historically, the tanker industry has experienced volatility in profitability due to changes in the supply of, and demand for, tanker capacity. Tanker supply and demand are each influenced by several factors beyond our control.
We have acquired a portion of our current operating fleet from Teekay Corporation at various times since our inception, and we anticipate additional opportunities to expand our fleet through acquisitions of tankers from third parties.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $886.4M | $542.4M | $1.2B | $1.5B | $1.2B | $951.8M |
| Net income | $87.3M | -$242.4M | $235.4M | $519.9M | $403.7M | $351.2M |
| Free cash flow | $331.9M | -$128.8M | $199.7M | $631.2M | $401.4M | $115.6M |
More on TNK.
- Teekay Tankers Ltd. summary
- Teekay Tankers Ltd. financial statements
- Teekay Tankers Ltd. key metrics
- Teekay Tankers Ltd. health scores and style box
- Teekay Tankers Ltd. earnings
- Teekay Tankers Ltd. dividends
- Teekay Tankers Ltd. valuation
- Teekay Tankers Ltd. ownership and insiders
- Teekay Tankers Ltd. peers
Figures from Teekay Tankers Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.