TNK · Teekay Tankers Ltd.

Summary

Teekay Tankers Ltd. reported Q4 2025 GAAP net income of $120.5 million ($3.47 per share) and full year 2025 GAAP net income of $351.2 million ($10.15 per share), declared a $0.25 per share dividend, and announced vessel acquisitions and sales including three 2016-built Aframaxes for $141.5 million and sales for $157.5 million gross proceeds.

Key takeaways

• Q4 2025 GAAP net income $120.5 million or $3.47 per share; adjusted net income $97.0 million or $2.80 per share
• FY 2025 GAAP net income $351.2 million or $10.15 per share; adjusted net income $240.8 million or $6.96 per share
• Q4 2025 spot rates: Suezmax $53,500/day, Aframax/LR2 $43,600/day; Q1 2026 to-date: Suezmax $56,900/day (65% fixed), Aframax/LR2 $51,400/day (64% fixed)
• Acquired three 2016-built Aframaxes for $141.5 million in January 2026, bareboat chartered back with redelivery Q2/Q3 2026
• Sold or agreed to sell one 2007 Suezmax, one 2009 Suezmax, one 2013 VLCC for $157.5 million combined gross proceeds
• Declared $0.25 per share dividend payable March 13, 2026 to shareholders of record March 2, 2026