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Teekay Tankers/$TNK

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About Teekay Tankers

Teekay Tankers Ltd is a provider of marine services to the international oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: Tankers, which consists of the operation of all of the company's tankers (including the operations from those tankers employed on full service lightering contracts), and the company's U.S. based ship-to-ship support service operations (including its lightering support services provided as part of full service lightering operations); and Marine Services, which consists of operational and maintenance marine services provided to the Australian government, Australian energy companies and other third parties. The company generates the majority of its revenue from the Tankers segment.
Ticker
$TNK
Sector
Energy
Primary listing
NYSE
Employees
2,130
Headquarters
Hamilton, Bermuda
Website
www.teekay.com

Teekay Tankers Metrics

BasicAdvanced
$3B
5.05
$16.97
-0.23
$2.00
1.17%

What the Analysts think about Teekay Tankers

Analyst ratings (Buy, Hold, Sell) for Teekay Tankers stock.
Analyst projections of the future price of Teekay Tankers stock.

Bulls say / Bears say

Teekay’s strong spot exposure produced record adjusted net income of $193.6 million in Q2, while Suezmax and Aframax/LR2 spot rates averaged $109,200 and $74,100 per day. Q3 rates booked to date were still robust, although only 44% of spot days had been fixed. (SEC)
A $1.3 billion liquidity position and a low cash-flow break-even give Teekay room to withstand weaker markets and fund fleet renewal. The company had two modern Suezmax newbuildings due in 2027 and had brought three recently acquired Aframaxes into spot trading. (SEC)
Teekay’s September market update reported record-high spot rates amid longer voyages and disrupted trade flows, and said these inefficiencies should support rates into Q4. Continued disruption and strong Asian demand for long-haul crude could therefore sustain near-term earnings. (Teekay)
The exceptional freight market may fade as trade routes normalise: Teekay said rates began correcting as flows adjusted, with Aframax rates falling faster as newbuildings arrived and LR2 ships shifted into dirty trades. That makes earnings highly sensitive to geopolitical developments. (SEC)
A growing tanker fleet could put pressure on freight rates. S&P Global reports a forecast 22.6% increase in global tanker capacity from 2025 to 2029, and warns that easing disruptions or the return of restricted ships could add effective supply faster than expected. (S&P Global)
Dry-docking and weaker booked Aframax rates could weigh on near-term earnings: a recent report cites about 260 Q3 off-hire days and an average booked Aframax/LR2 rate of $59,900 per day, below Q2’s $74,100. Analysts expected a sharp sequential earnings decline from the Q2 peak. (Finviz)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.

Teekay Tankers Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Teekay Tankers Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Teekay Tankers News

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Funds containing Teekay Tankers

Funds
Fund name
Fund size
$TNK weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.07%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.07%
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