Teekay Tankers (TNK) has released an update.
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Teekay Tankers Ltd. reported a GAAP net income of $58.8 million for the third quarter of 2024 and announced its acquisition of Teekay Corporation Ltd.’s Australian operations for $65 million. The company also declared a cash dividend of $0.25 per share, reflecting its efforts to become a fully-integrated shipping company. Despite securing strong spot rates, Teekay’s net income was affected by lower average tanker rates and restructuring charges.
For further insights into TNK stock, check out TipRanks’ Stock Analysis page.
