Teekay Tankers
Owner-operator of crude and product tankers with marine services in Australia.
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Profile
Transports crude oil and refined products in Suezmax and Aframax/LR2 tankers, earning mainly from spot voyages alongside fixed-rate charters and lightering. Australian marine-service contracts add operations and maintenance revenue, while cash flow remains closely tied to volatile tanker rates and global oil-trade patterns.
Owns and operates Suezmax crude tankers and Aframax/LR2 crude and product tankers, supplemented by chartered-in vessels and new Suezmax ships under construction. Vessels trade mainly on spot voyages, while fixed-rate time charters and full-service lightering contracts add contracted income. U.S. ship-to-ship support handles cargo transfers between vessels.
Australian marine services provide operations, maintenance, engineering, crewing, and training for government-owned vessels, alongside work for energy and other customers. In-house commercial, technical, and crew management connects chartering with vessel upkeep and safety execution across a globally deployed fleet. Cash flow remains closely tied to spot tanker rates, vessel utilization, oil-trade routes, and compliance with maritime safety and emissions rules.
Company facts
Categories
Key statistics
Year to date +72.1% · Average volume (30d) 404.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 15, 2026 | Evercore ISI | Target | $90 | $86 | ||
| Apr 21, 2026 | Evercore ISI | Target | $84 | $90 | ||
| Feb 20, 2026 | Evercore ISI | Target | $60 | $84 | ||
| Oct 28, 2025 | Evercore ISI | Target | $51 | $60 | ||
| Oct 20, 2025 | Jefferies | Reiterate | Buy | $76 | $66 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $5.61 | $5.54 | −1.2% | $299.0M | $258.3M | −13.6% | −1.05% |
| May 13, 2026Q1 FY26 | $2.80 | $3.69 | +31.8% | $212.5M | $196.3M | −7.6% | −0.30% |
| Feb 18, 2026Q4 FY25 | $2.71 | $2.80 | +3.3% | $180.1M | $158.8M | −11.8% | +1.86% |
| Oct 29, 2025Q3 FY25 | $1.50 | $1.54 | +2.7% | $179.7M | $229.0M | +27.4% | −2.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $231.6M | $232.9M | $229.0M | $258.3M | $286.1M | $379.5M | |
| Gross profit | $46.0M | $61.2M | $54.7M | $99.8M | $135.4M | $205.0M | |
| Operating income | $74.4M | $55.0M | $43.5M | $88.6M | $125.0M | $189.7M | |
| Net income | $76.0M | $62.6M | $92.1M | $120.5M | $153.6M | $225.9M | |
| Diluted EPS | $2.19 | $1.80 | $2.64 | $3.46 | $4.40 | $6.47 | |
| Gross margin | 19.8% | 26.3% | 23.9% | 38.6% | 47.3% | 54.0% | |
| Operating margin | 32.1% | 23.6% | 19.0% | 34.3% | 43.7% | 50.0% |
Fiscal years (4-quarter sums)FY21 $542.4M · FY22 $1.06B · FY23 $1.36B · FY24 $1.29B · FY25 $951.8M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.22B · Total debt $27.8M · Total assets $2.59B · Shareholders' equity $2.38B
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 21 | $0.25 | |
| May 26, 2026 | May 26 | Jun 2 | $1.25 | special dividend |
| Mar 2, 2026 | Mar 2 | Mar 13 | $0.25 | |
| Nov 10, 2025 | Nov 10 | Nov 21 | $0.25 | |
| Aug 11, 2025 | Aug 11 | Aug 22 | $0.25 | |
| May 19, 2025 | May 19 | May 30 | $1.25 | special dividend |
| Mar 3, 2025 | Mar 3 | Mar 14 | $0.25 | |
| Nov 12, 2024 | Nov 12 | Nov 22 | $0.25 |
Ownership
Shares outstanding 34.64M · Float 23.91M · 69.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | 1.92M | 5.54% | 13F | Aug 11, 2026 |
| FMR LLC | 1.83M | 5.27% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 1.65M | 5.50% | 13G | Jul 30, 2026 |
| American Century Companies Inc | 1.01M | 2.90% | 13F | Aug 12, 2026 |
| Acadian Asset Management LLC | 996.7K | 2.88% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Rohit (RK2) Kapoor | officer: Managing Director, Sinagpore | −6,375 | $89.28 |
| Aug 18, 2026 | Simon Heidi Locke | director | −741 | $90.00 |
| Jun 8, 2026 | David Schellenberg | director | −7,031 | $71.53 |
Peers
- International Seaways
Diversified tanker fleet across crude and product classes
- Frontline
Large crude-tanker fleet across Suezmax and LR2/Aframax
- Tsakos Energy Navigation
Diversified Greek tanker fleet with Suezmax and Aframax overlap
- Nordic American Tankers
Pure Suezmax tanker operator in TNK's largest crude class
- Scorpio Tankers
Product-tanker specialist with large LR2 and MR exposure
- TORM
Product-tanker operator across LR2, LR1 and MR classes
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Teekay Tankers | $88.70 | +0.07% | $3.07B | 5.2 | 6.3 | 2.7 | +10.9% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| Tsakos Energy Navigation | $42.52 | −0.12% | $1.28B | 6.9 | 6.1 | 1.5 | — |
| Nordic American Tankers | $6.79 | +0.17% | $1.43B | 11.6 | 17.5 | 3.9 | +56.9% |
| Scorpio Tankers | $77.91 | −0.18% | $3.91B | 4.9 | 11.5 | 3.2 | +70.2% |
| TORM | $32.46 | −0.46% | $3.34B | 5.4 | 6.0 | 1.9 | +62.4% |
| Median | 6.5 | 9.9 | 3.4 | +62.4% |