Complete financial analysis of Teekay Tankers Ltd. (TNK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Teekay Tankers Ltd., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Teekay Tankers Ltd. (TNK)
About Teekay Tankers Ltd.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.36B | 1.06B | 542.37M | 886.43M | 920.97M | 755.76M | 431.18M | 526.90M | 514.19M | 226.48M | 162.41M | 185.93M | 215.07M | 139.48M | 113.30M | 144.17M | 146.31M | 153.09M | 125.37M |
| Cost of Revenue | 791.72M | 772.46M | 600.38M | 635.01M | 756.36M | 707.76M | 383.90M | 401.64M | 305.64M | 175.32M | 154.01M | 170.15M | 91.58M | 47.00M | 36.33M | 32.97M | 69.21M | 68.19M | 50.52M |
| Gross Profit | 572.73M | 290.65M | -58.01M | 251.42M | 164.61M | 48.00M | 47.28M | 125.26M | 208.56M | 51.16M | 8.40M | 15.78M | 123.49M | 92.48M | 76.98M | 111.20M | 77.10M | 84.91M | 74.85M |
| Gross Profit Ratio | 41.98% | 27.34% | -10.70% | 28.36% | 17.87% | 6.35% | 10.97% | 23.77% | 40.56% | 22.59% | 5.17% | 8.49% | 57.42% | 66.31% | 67.94% | 77.13% | 52.70% | 55.46% | 59.70% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 43.34M | 41.77M | 43.72M | 39.01M | 36.40M | 39.78M | 32.88M | 18.21M | 17.35M | 11.96M | 12.59M | 14.93M | 16.13M | 13.29M | 14.54M | 7.67M | 0.00 | 12.14M | 8.98M |
| Selling & Marketing | 2.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.50M | -7.84M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 45.94M | 41.77M | 43.72M | 39.01M | 36.40M | 39.78M | 32.88M | 18.21M | 17.35M | 11.96M | 12.59M | 14.93M | 16.13M | 9.79M | 6.69M | 7.67M | 12.47M | 12.14M | 8.98M |
| Other Expenses | -9.11M | 2.65M | -1.76M | 473.00K | 18.88M | -6.23M | -5.00M | -6.07M | -3.10M | 3.81M | -1.01M | -2.06M | -377.00K | 47.32M | 28.66M | 22.94M | 15.67M | 15.61M | 13.14M |
| Operating Expenses | 45.94M | 41.77M | 43.72M | 39.01M | 55.29M | 39.78M | 32.88M | 18.21M | 17.35M | 11.96M | 12.59M | 14.93M | 90.61M | 57.11M | 35.35M | 30.61M | 28.14M | 27.76M | 22.11M |
| Cost & Expenses | 828.54M | 814.23M | 644.09M | 674.02M | 811.64M | 747.53M | 416.78M | 419.85M | 322.99M | 187.28M | 166.61M | 185.08M | 182.19M | 104.11M | 71.68M | 63.59M | 97.35M | 95.94M | 72.63M |
| Interest Income | 10.18M | 1.34M | 122.00K | 1.20M | 871.00K | 879.00K | 907.00K | 117.00K | 107.00K | 9.41M | 7.84M | 11.55M | 71.00K | 97.00K | 70.00K | 475.00K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 27.71M | 35.74M | 35.03M | 51.53M | 65.36M | 58.65M | 31.29M | 29.78M | 17.39M | 8.74M | 10.02M | 20.01M | 40.54M | 7.51M | 7.01M | 29.27M | 6.46M | 15.74M | 6.92M |
| Depreciation & Amortization | 97.55M | 99.03M | 106.08M | 117.21M | 124.00M | 118.51M | 100.48M | 104.15M | 73.76M | 50.15M | 47.83M | 72.37M | 74.48M | 45.46M | 28.66M | 22.94M | 15.67M | 15.61M | 13.14M |
| EBITDA | 648.42M | 364.39M | -103.19M | 258.24M | 248.48M | 132.81M | 99.12M | 193.95M | 256.37M | 117.73M | 51.24M | -277.81M | 1.95M | 69.28M | 74.61M | 103.53M | 64.63M | 72.77M | 65.88M |
| EBITDA Ratio | 47.52% | 33.12% | -2.10% | 37.95% | 25.76% | 16.22% | 19.81% | 21.67% | 39.41% | 25.45% | 2.14% | 5.56% | 49.78% | 66.30% | 58.28% | 71.78% | 44.17% | 47.52% | 52.55% |
| Operating Income | 535.91M | 255.95M | -194.10M | 219.19M | 122.66M | 7.20M | 1.42M | 86.46M | 187.20M | 58.27M | 3.41M | -340.20M | -44.45M | 35.37M | 41.62M | 80.58M | 48.96M | 57.15M | 52.74M |
| Operating Income Ratio | 39.28% | 24.08% | -35.79% | 24.73% | 13.32% | 0.95% | 0.33% | 16.41% | 36.41% | 25.73% | 2.10% | -182.97% | -20.67% | 25.36% | 36.74% | 55.90% | 33.46% | 37.33% | 42.07% |
| Total Other Income/Expenses | -12.75M | -26.33M | -50.21M | -46.97M | -62.42M | -50.34M | -54.11M | -18.63M | -168.00K | -1.67M | -11.55M | -29.99M | -120.17M | -58.52M | 462.00K | 49.00K | -6.47M | -15.75M | -6.91M |
| Income Before Tax | 523.16M | 229.62M | -244.30M | 94.60M | 41.36M | -52.55M | -58.02M | 62.86M | 179.64M | 57.14M | -8.14M | -370.18M | -113.08M | 23.73M | 45.88M | 80.63M | 42.49M | 41.40M | 45.83M |
| Income Before Tax Ratio | 38.34% | 21.60% | -45.04% | 10.67% | 4.49% | -6.95% | -13.46% | 11.93% | 34.94% | 25.23% | -5.01% | -199.10% | -52.58% | 17.01% | 40.49% | 55.93% | 29.04% | 27.04% | 36.55% |
| Income Tax Expense | 9.49M | 529.00K | -1.93M | 7.28M | 20.10M | 59.75M | 5.33M | 7.51M | 7.57M | 1.13M | 11.62M | 371.03M | 29.47M | 19.07M | 2.69M | 28.75M | 6.47M | 1.25M | 1.93M |
| Net Income | 513.67M | 229.09M | -242.37M | 87.32M | 21.26M | -52.55M | -58.02M | 62.86M | 179.64M | 57.14M | -8.14M | -370.18M | -113.08M | 16.31M | 38.93M | 51.84M | 42.49M | 40.15M | 43.89M |
| Net Income Ratio | 37.65% | 21.55% | -44.69% | 9.85% | 2.31% | -6.95% | -13.46% | 11.93% | 34.94% | 25.23% | -5.01% | -199.10% | -52.58% | 11.69% | 34.36% | 35.96% | 29.04% | 26.23% | 35.01% |
| EPS | 15.04 | 6.74 | -7.17 | 2.59 | 0.63 | -1.57 | -2.48 | 3.20 | 10.08 | 5.36 | -0.80 | -37.24 | -14.89 | 2.96 | 10.24 | 16.24 | 22.08 | 21.44 | 23.41 |
| EPS Diluted | 14.86 | 6.68 | -7.16 | 2.57 | 0.63 | -1.57 | -2.48 | 3.20 | 10.00 | 5.28 | -0.78 | -37.23 | -14.89 | 2.96 | 10.24 | 16.24 | 22.08 | 21.44 | 23.41 |
| Weighted Avg Shares Out | 34.16M | 34.00M | 33.80M | 33.72M | 33.62M | 33.47M | 23.40M | 21.26M | 17.99M | 10.74M | 10.17M | 9.94M | 7.60M | 5.29M | 3.58M | 3.13M | 1.92M | 1.88M | 1.88M |
| Weighted Avg Shares Out (Dil) | 34.57M | 34.29M | 33.86M | 33.92M | 33.73M | 33.56M | 23.40M | 21.29M | 18.06M | 10.78M | 10.45M | 9.94M | 7.60M | 5.29M | 3.58M | 3.13M | 1.92M | 1.88M | 1.88M |
Why the Market Dipped But Teekay Tankers (TNK) Gained Today
In the latest trading session, Teekay Tankers (TNK) closed at $62.11, marking a +1.62% move from the previous day.
Teekay Tankers (TNK) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Teekay Tankers (TNK) closed at $58.25, marking a -0.1% move from the previous day.
Here's Why Teekay Tankers (TNK) Gained But Lagged the Market Today
The latest trading day saw Teekay Tankers (TNK) settling at $55.11, representing a +0.09% change from its previous close.
Wall Street Bulls Look Optimistic About Teekay Tankers (TNK): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes
HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of...
Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics
Teekay Tankers stock dropped 12% after Q2-2024 results, but financial health remains strong. Q2-2024 revenues dropped by 20% due to decreasing tanker spot day rates. Teekay Tankers benefits from historically high spot rates and a favorable market outlook despite risks...
Teekay Tankers Ltd. (TNK) Q2 2024 Earnings Call Transcript
Teekay Tankers Ltd. (NYSE:TNK ) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director of Research and Commercial...
Teekay Tankers (TNK) Misses Q2 Earnings and Revenue Estimates
Teekay Tankers (TNK) came out with quarterly earnings of $3.08 per share, missing the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $4.38 per share a year ago.
Teekay Corporation Reports Second Quarter 2024 Results
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended June 30, 2024.
Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a...
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