Teekay Tankers Ltd. (TNK) Share Buybacks
The buybacks for Teekay Tankers Ltd. (TNK) is $15.00 Million with a year-over-year change of -30.73%. Share buybacks (stock repurchases) represent cash spent by the company to buy back its own shares in the open market, reducing shares outstanding and returning capital to shareholders.
TNK Buybacks Chart
Current Buybacks
$15.00M
$15.00 Million
Year-over-Year Change
-30.73%
vs. $21.65M prior year
Historical Data
3
Years of data available
Annual Buybacks History
| Year | Buybacks | YoY Change | % Change |
|---|---|---|---|
| 2016 | $15.00M | $-6.65M | -30.73% |
| 2008 | $21.65M | $-62.06M | -74.14% |
| 2007 | $83.72M | — | — |
About Teekay Tankers Ltd.
Teekay Tankers Ltd. specializes in providing essential marine transportation solutions to the global oil industry, with its operations spanning Bermuda and international waters. The company's service offerings encompass both voyage and time charter arrangements, alongside specialized offshore ship-to-ship transfer operations for a diverse range of commodities. These primarily include crude oil and refined petroleum products, but also extend to liquid gases and various other specialized cargo. Beyond shipping, Teekay Tankers Ltd. further extends its expertise to include comprehensive commercial and technical management services for tankers. As of December 31, 2021, the company operated a substantial fleet, comprising 48 owned and leased double-hull oil tankers. This is supplemented by two Aframax tankers and a single LR2 tanker, all acquired via time charter agreements. Established in 2007, Teekay Tankers Ltd. maintains its corporate headquarters in Hamilton, Canada.
- Sector
- Industrials
- Industry
- Marine Shipping
- CEO
- Kenneth Hvid