Teekay Tankers Ltd. (TNK)TNKTeekay Tankers Ltd.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	1.01B	286.09M	258.27M	229.02M	232.87M	231.64M	351.13M	243.28M	328.26M
Cost of Goods Sold	655.24M	150.70M	158.48M	174.36M	171.70M	185.68M	283.70M	173.99M	207.88M
Gross Profit	351.02M	135.40M	99.79M	54.66M	61.17M	45.95M	67.43M	69.29M	120.38M
Gross Profit Margin	34.9%	47.3%	38.6%	23.9%	26.3%	19.8%	19.2%	28.5%	36.7%
Total Operating Expenses	38.91M	10.38M	11.21M	11.15M	6.18M	-28.45M	-18.87M	16.83M	13.50M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	47.24M	10.38M	11.21M	11.15M	14.51M	9.71M	7.93M	10.88M	13.50M
Operating Income (EBIT)	312.11M	125.02M	88.59M	43.52M	54.99M	74.41M	86.30M	52.47M	106.88M
Operating Margin	31.0%	43.7%	34.3%	19.0%	23.6%	32.1%	24.6%	21.6%	32.6%
Income Before Tax (EBT)	429.25M	157.55M	119.77M	89.75M	62.18M	75.56M	96.15M	58.23M	114.93M
Interest Income	31.88M	8.05M	8.70M	7.57M	7.57M	5.86M	7.10M	5.77M	5.73M
Interest Expense	2.61M	489K	557K	789K	777K	773K	802K	825K	979K
Other Income/Expense	117.14M	32.53M	31.18M	46.23M	7.19M	1.16M	9.85M	5.77M	8.05M
Net Income	428.70M	153.55M	120.46M	92.08M	62.61M	76.03M	93.11M	58.81M	111.14M
Income Tax Expense	545K	4.00M	-691K	-2.33M	-432K	-470K	3.04M	-582K	3.79M
Net Profit Margin	42.6%	53.7%	46.6%	40.2%	26.9%	32.8%	26.5%	24.2%	33.9%
EBITDA	397.69M	147.20M	110.10M	64.45M	75.93M	97.65M	110.75M	75.91M	129.25M
EBITDA Margin	39.5%	51.5%	42.6%	28.1%	32.6%	42.2%	31.5%	31.2%	39.4%
Depreciation & Amortization	85.58M	22.19M	21.51M	20.93M	20.94M	23.24M	24.45M	23.45M	22.37M
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	34.76M	34.76M	34.68M	34.67M	34.58M	34.48M	34.50M	34.50M	34.38M
Diluted Shares Outstanding	34.91M	34.91M	34.68M	34.83M	34.74M	34.67M	34.70M	34.77M	34.71M

Annual Income Statement (USD)

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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	951.80M	1.23B	1.47B	1.18B	542.37M	886.43M	943.92M	755.76M
Cost of Goods Sold	690.22M	835.04M	892.03M	871.99M	600.38M	635.01M	778.09M	707.76M
Gross Profit	261.58M	394.30M	581.67M	305.97M	-58.01M	251.42M	165.83M	48.00M
Gross Profit Margin	27.5%	32.1%	39.5%	26.0%	-10.7%	28.4%	17.6%	6.4%
Total Operating Expenses	46.57M	14.16M	34.90M	42.15M	136.08M	109.85M	41.95M	39.77M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	46.57M	46.60M	43.67M	41.11M	43.72M	39.01M	36.40M	39.77M
Operating Income (EBIT)	215.01M	380.14M	546.76M	263.82M	-194.09M	141.57M	123.88M	7.20M
Operating Margin	22.6%	30.9%	37.1%	22.4%	-35.8%	16.0%	13.1%	1.0%
Income Before Tax (EBT)	347.26M	404.07M	532.48M	237.66M	-244.30M	94.60M	61.47M	-52.55M
Interest Income	29.69M	24.08M	10.95M	1.34M	122K	1.20M	871K	879K
Interest Expense	2.90M	7.47M	27.71M	35.74M	35.03M	51.52M	65.36M	58.65M
Other Income/Expense	132.25M	23.93M	-14.28M	-26.16M	-50.21M	-46.97M	-62.42M	-50.34M
Net Income	351.19M	403.67M	519.89M	235.43M	-242.37M	87.32M	41.36M	-52.55M
Income Tax Expense	-3.92M	405K	12.59M	2.24M	-1.93M	7.28M	20.10M	59.75M
Net Profit Margin	36.9%	32.8%	35.3%	20.0%	-44.7%	9.9%	4.4%	-7.0%
EBITDA	301.64M	473.73M	644.32M	362.86M	-88.01M	258.79M	247.88M	125.72M
EBITDA Margin	31.7%	38.5%	43.7%	30.8%	-16.2%	29.2%	26.3%	16.6%
Depreciation & Amortization	86.63M	93.58M	97.55M	99.03M	106.08M	117.21M	124.00M	118.51M
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	34.60M	34.41M	34.16M	34.00M	33.80M	33.72M	33.62M	33.47M
Diluted Shares Outstanding	34.78M	34.71M	34.57M	34.29M	33.86M	33.92M	33.73M	33.56M

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

2,130 employees

www.teekay.com/business/tankers

Industrials / Marine Shipping

Sector: Industrials
Industry: Marine Shipping
CEO: Kenneth Hvid

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