Teekay Tankers Ltd. (TNK)

TNK Financials

TNK Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	1.006B	286.094M	258.269M	229.023M	232.866M	231.639M	351.125M	243.278M	328.261M
Cost of Goods Sold	655.235M	150.698M	158.477M	174.361M	171.699M	185.684M	283.696M	173.985M	207.883M
Gross Profit	351.017M	135.396M	99.792M	54.662M	61.167M	45.955M	67.429M	69.293M	120.378M
Gross Profit Margin	47.3%	47.3%	38.6%	23.9%	26.3%	19.8%	19.2%	28.5%	36.7%
Total Operating Expenses	38.909M	10.380M	11.205M	11.146M	6.178M	-28.451M	-18.873M	16.828M	13.503M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	47.236M	10.380M	11.205M	11.146M	14.505M	9.712M	7.926M	10.876M	13.503M
Operating Income (EBIT)	312.108M	125.016M	88.587M	43.516M	54.989M	74.406M	86.302M	52.465M	106.875M
Operating Margin	43.7%	43.7%	34.3%	19.0%	23.6%	32.1%	24.6%	21.6%	32.6%
Income Before Tax (EBT)	429.250M	157.550M	119.770M	89.748M	62.182M	75.562M	96.149M	58.233M	114.927M
Interest Income	31.878M	8.046M	8.695M	7.569M	7.568M	5.857M	7.104M	5.772M	5.726M
Interest Expense	2.612M	489K	557K	789K	777K	773K	802K	825K	979K
Other Income/Expense	117.142M	32.534M	31.183M	46.232M	7.193M	1.156M	9.847M	5.768M	8.052M
Net Income	428.705M	153.551M	120.461M	92.079M	62.614M	76.032M	93.111M	58.815M	111.138M
Income Tax Expense	545K	3.999M	-691K	-2.331M	-432K	-470K	3.038M	-582K	3.789M
Net Profit Margin	53.7%	53.7%	46.6%	40.2%	26.9%	32.8%	26.5%	24.2%	33.9%
EBITDA	517.440M	180.227M	141.841M	111.469M	83.903M	99.575M	121.397M	82.503M	138.279M
EBITDA Margin	63.0%	63.0%	54.9%	48.7%	36.0%	43.0%	34.6%	33.9%	42.1%
Depreciation & Amortization	85.578M	22.188M	21.514M	20.932M	20.944M	23.240M	24.446M	23.445M	22.373M
EPS Basic	12.36	4.42	3.47	2.66	1.81	2.20	2.38	1.70	3.23
EPS Diluted	12.30	4.40	3.46	2.64	1.80	2.19	2.37	1.69	3.20
Shares Outstanding	34.759M	34.759M	34.682M	34.670M	34.580M	34.483M	34.497M	34.497M	34.384M
Diluted Shares Outstanding	34.910M	34.910M	34.682M	34.831M	34.739M	34.667M	34.701M	34.765M	34.706M

TNK Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	951.797M	1.229B	1.474B	1.178B	542.367M	886.434M	943.917M	755.763M
Cost of Goods Sold	690.221M	835.037M	892.031M	871.987M	600.379M	635.011M	778.086M	707.759M
Gross Profit	261.576M	394.299M	581.668M	305.969M	-58.012M	251.423M	165.831M	48.004M
Gross Profit Margin	27.5%	32.1%	39.5%	26.0%	-10.7%	28.4%	17.6%	6.4%
Total Operating Expenses	46.568M	14.156M	34.904M	42.146M	136.083M	109.850M	41.948M	39.775M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	46.568M	46.604M	43.667M	41.112M	43.715M	39.006M	36.404M	39.775M
Operating Income (EBIT)	215.008M	380.143M	546.764M	263.823M	-194.095M	141.573M	123.883M	7.204M
Operating Margin	22.6%	30.9%	37.1%	22.4%	-35.8%	16.0%	13.1%	1.0%
Income Before Tax (EBT)	347.262M	404.072M	532.482M	237.663M	-244.303M	94.600M	61.465M	-52.548M
Interest Income	29.689M	24.076M	10.952M	1.338M	122K	1.199M	871K	879K
Interest Expense	2.896M	7.472M	27.713M	35.740M	35.031M	51.525M	65.362M	58.653M
Other Income/Expense	132.254M	23.929M	-14.282M	-26.160M	-50.208M	-46.973M	-62.418M	-50.340M
Net Income	351.186M	403.667M	519.890M	235.427M	-242.372M	87.317M	41.362M	-52.548M
Income Tax Expense	-3.924M	405K	12.592M	2.236M	-1.931M	7.283M	20.103M	59.752M
Net Profit Margin	36.9%	32.8%	35.3%	20.0%	-44.7%	9.9%	4.4%	-7.0%
EBITDA	436.788M	505.126M	657.746M	372.448M	-103.188M	329.629M	250.829M	132.811M
EBITDA Margin	45.9%	41.1%	44.6%	31.6%	-19.0%	37.2%	26.6%	17.6%
Depreciation & Amortization	86.630M	93.582M	97.551M	99.033M	106.084M	117.212M	124.002M	118.514M
EPS Basic	10.15	11.70	15.22	6.74	-7.17	2.59	0.63	-1.57
EPS Diluted	10.10	11.61	15.04	6.68	-7.16	2.57	0.63	-1.57
Shares Outstanding	34.605M	34.406M	34.160M	33.998M	33.800M	33.719M	33.618M	33.470M
Diluted Shares Outstanding	34.775M	34.705M	34.568M	34.287M	33.859M	33.922M	33.731M	33.562M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

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.

Hamilton, ON

2,330 employees

www.teekay.com/business/tankers

Industrials / Marine Shipping

Sector: Industrials
Industry: Marine Shipping
CEO: Kenneth Hvid

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