Teekay Tankers (TNK) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Teekay Tankers Ltd. reported strong earnings in Q2 2024 with a GAAP net income of $107.0 million, despite a decrease from previous quarters due to lower average spot tanker rates and increased dry dockings. The company bolstered its fleet through the purchase of a new Aframax vessel and optimized its charter strategy, alongside declaring a quarterly cash dividend of $0.25 per share.
For further insights into TNK stock, check out TipRanks’ Stock Analysis page.