Teekay Tankers Ltd. (TNK) SEC Filings & Earnings Calls
EquiReason read 9 Teekay Tankers Ltd. SEC filings in the last 12 months. Latest: 6-K on 2026-07-31 — Q2 2026 results: Total revenues $379.5M (up 63% YoY), Net income $225.9M (up 261% YoY), EPS $6.49 (up 259% YoY). Strong performance driven by higher charter rates and vessel sales .
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 3.4B
- Annual P/E
- —
- Dividend yield
- 2.0%
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
31 Jul 20266-KQ2 2026 results: Total revenues $379.5M (up 63% YoY), Net income $225.9M (up 261% YoY), EPS $6.49 (up 259% YoY). Strong performance driven by higher charter rates and vessel sales gains.open
Figures in the filing · each found in the filing text
| Voyage charter revenues · Q2-2026 | $300M | +61% y/y |
| Time-charter revenues · Q2-2026 | $27M | +504% y/y |
| Total revenues · Q2-2026 | $380M | +63% y/y |
| Income from operations · Q2-2026 | $222M | +304% y/y |
| Net income · Q2-2026 | $226M | +261% y/y |
| Basic earnings per share · Q2-2026 | $6.49 | +259% y/y |
| Cash dividends declared per share · Q2-2026 | $1.25 | 0% y/y |
Risks flagged
Dependence on volatile tanker market rates
“Revenue heavily tied to voyage charter rates which are market-driven.”
Asset sale gains may not be recurring
“Gain on sale of assets $32.3M contributed significantly to earnings.”
29 Jul 20266-KRecord Q2 adjusted net income of $193.6M ($5.56/share) vs $48.7M ($1.41) YoY; spot rates at historic highs due to Strait of Hormuz closure; fleet renewal with newbuilding acquisitions and vessel sales.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $380M | +63% y/y |
| Net income · Q2-2026 | $226M | +261% y/y |
| Earnings per share - basic · Q2-2026 | $6.49 | +259% y/y |
| Adjusted EBITDA · Q2-2026 | $206M | +232% y/y |
| Adjusted net income · Q2-2026 | $194M | +297% y/y |
| Adjusted earnings per share - basic · Q2-2026 | $5.56 | +294% y/y |
| Cash, cash equivalents, restricted cash and short-term investments · Q2-2026 | $1.22B | +71% y/y |
| Dividend per share · Q2-2026 | $0.25 | |
| Spot rate Suezmax · Suezmax · Q2-2026 | $109200.00 | |
| Spot rate Aframax/LR2 · Aframax/LR2 · Q2-2026 | $74100.00 |
Risks flagged
Geopolitical disruption (Strait of Hormuz closure) is the primary driver of record rates; any resolution could cause sharp rate decline.
“primarily due to the effective closure of the Strait of Hormuz which disrupted oil and tanker markets” · word for word
Near-term tanker market outlook remains complex, unpredictable, and subject to significant influence from geopolitical events.
“Although the near-term tanker market outlook remains complex, unpredictable, and subject to significant influence from geopolitical events” · word for word
Fleet renewal capex of $190M for newbuildings with delivery in 2027; $156.6M remaining payable.
“remaining $156.6 million payable in accordance with construction milestones” · word for word
13 May 20266-KQ1 2026 GAAP net income $153.6M vs $76.0M YoY; spot tanker rates at record highs; special dividend declared.open
Risks flagged
Near-term tanker market outlook remains difficult to predict and significantly influenced by highly liquid geopolitical events.
“While the near-term tanker market outlook remains difficult to predict and significantly influenced by highly liquid geopolitical events.”
13 Mar 202620-FAnnual report (20-F) filed; net revenues decreased 27.7% year-over-year due to vessel sales and lower spot rates, but management provides a positive near-term outlook.earningsopen
Figures in the filing · each found in the filing text
| Net Revenues · FY2025 | $507M | -28% y/y |
| Average TCE per Revenue Day · FY2025 | $34830.00 | -11% y/y |
| Vessel Operating Expenses · FY2025 | $131M | -13% y/y |
| Charter Hire Expenses · FY2025 | $43M | -43% y/y |
| Depreciation and Amortization · FY2025 | $87M | -8% y/y |
| General and Administrative Expenses · FY2025 | $47M | -5% y/y |
| Gain on Sale and Write-down of Assets · FY2025 | $100M | +162% y/y |
| Interest Income · FY2025 | $30M | +23% y/y |
| Interest Expense · FY2025 | $3M | -61% y/y |
| Equity Income and Gain on Distribution from Equity-Accounted Investment · FY2025 | $10M | +243% y/y |
Guidance
Management expresses a positive near-term outlook driven by geopolitical tailwinds and supportive fundamentals, but acknowledges high uncertainty in the longer term.
Risks flagged
Geopolitical Risk Reversal
“Changes in or resolution of the conflict in Ukraine and the lifting of those sanctions may lead to a reversal of these trading patterns or other effects that could significantly decrease tanker demand and rates.” · word for word
Dark Fleet Competition
“the relative mix of vessels trading in the compliant fleet versus the 'dark fleet' of tankers, and the utilization rate of older vessels.” · word for word
Fleet Renewal Capex
“We anticipate that we may need to accelerate our fleet renewal in coming years, the success of any such program will depend on newbuilding and second-hand vessel availability and prices, market conditions and available financing, and which may require significant expenditures.” · word for word
18 Feb 20266-KQ4 2025 GAAP net income $120.5M vs $82.1M YoY; adjusted net income $97.0M vs $51.8M; spot rates strong and rising into Q1 2026; fleet renewal with vessel sales and acquisitions.open
Figures in the filing · each found in the filing text
| Total revenues · Q4-2025 | $258M | 0% y/y |
| Net income · Q4-2025 | $120M | +47% y/y |
| Earnings per share - basic · Q4-2025 | $3.47 | +46% y/y |
| Adjusted EBITDA · Q4-2025 | $110M | +58% y/y |
| Adjusted net income · Q4-2025 | $97M | +87% y/y |
| Adjusted earnings per share - basic · Q4-2025 | $2.80 | +87% y/y |
| Cash, cash equivalents, restricted cash and short-term investments · Q4-2025 | $853M | +66% y/y |
| Suezmax spot rate · Suezmax · Q4-2025 | $53500.00 | |
| Aframax/LR2 spot rate · Aframax/LR2 · Q4-2025 | $43600.00 | |
| Q1 2026 Suezmax spot rate (booked) · Suezmax · Q1-2026 | $56900.00 |
Guidance
Q1 2026 spot rates trending higher: Suezmax $56.9k/day, Aframax $51.4k/day for ~65% of booked days
CEO explicitly states spot rates trending higher in Q1 2026 driven by sanctions enforcement, seasonal factors, and Venezuela volatility; company continues to benefit from tailwinds.
Risks flagged
Geopolitical and sanctions-driven volatility could impact tanker rates and operations; fleet renewal involves execution risk.
“Spot tanker rates are trending even higher so far in the first quarter of 2026, driven by a combination of widening sanctions enforcement, seasonal factors, and added volatility from U.S. action in Venezuela.” · word for word
31 Oct 20256-KTeekay Tankers reports net income of $92.1M in Q3 2025, down from $61.5M in Q3 2024; revenues fell to $229M from $274M, reflecting weaker tanker market.open
Figures in the filing · each found in the filing text
| Voyage charter revenues · Q3-2025 | $189M | -18% y/y |
| Total revenues · Q3-2025 | $229M | -17% y/y |
| Net income · Q3-2025 | $92M | +50% y/y |
| Earnings per share (basic) · Q3-2025 | $2.66 | +49% y/y |
| Cash dividends declared per share · Q3-2025 | $0.25 | 0% y/y |
Risks flagged
Revenue decline due to lower voyage charter rates.
“Voyage charter revenues down 18% YoY to $189M.”
29 Oct 20256-KTeekay Tankers reported Q3 2025 GAAP net income of $92.1M ($2.66/share) vs $62.6M in Q2 2025 and $61.5M in Q3 2024, beating prior quarters. Spot rates strengthened in Q4 with Suezmax at $45.5k/day and Aframax at $35.2k/day for ~50% of bookeopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $229M | -17% y/y |
| Income from operations · Q3-2025 | $69M | +24% y/y |
| Net income · Q3-2025 | $92M | +50% y/y |
| Earnings per share - basic · Q3-2025 | $2.66 | +49% y/y |
| Adjusted EBITDA · Q3-2025 | $64M | -15% y/y |
| Adjusted net income · Q3-2025 | $53M | -16% y/y |
| Adjusted earnings per share - basic · Q3-2025 | $1.54 | -16% y/y |
| Cash, cash equivalents, restricted cash and short-term investments · Q3-2025 | $775M | +55% y/y |
Risks flagged
Dependence on spot tanker rates which are volatile
“lower average spot tanker rates...spot tanker rates remained counter-seasonally strong”
Fleet renewal execution risk
“Continuing execution on fleet renewal plan...remaining vessel sale to be completed in the coming days”
Teekay Tankers Ltd. — questions
- What did Teekay Tankers Ltd. file recently?
- 9 SEC filings in the last 12 months. Latest: 6-K on 2026-07-31 — Q2 2026 results: Total revenues $379.5M (up 63% YoY), Net income $225.9M (up 261% YoY), EPS $6.49 (up 259% YoY). Strong performance driven by higher charter rates and vessel sales gains.
Every figure on this page comes from Teekay Tankers Ltd.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.