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Teekay Tankers ( (TNK) ) has provided an announcement.
On February 19, 2025, Teekay Tankers Ltd. announced its fourth quarter and fiscal year 2024 financial results, reporting a GAAP net income of $82.1 million for the fourth quarter and $403.7 million for the year. The company also completed significant strategic transactions, including the sale of three vessels for $95.5 million and the acquisition of Teekay Corporation’s Australian operations, consolidating its position as a fully-integrated shipping company. These actions, alongside a declared quarterly dividend of $0.25 per share, reflect Teekay Tankers’ focus on strengthening its operational capabilities and enhancing shareholder value.
More about Teekay Tankers
Teekay Tankers Ltd. operates in the maritime industry, focusing on the transportation of crude oil and refined petroleum products. The company primarily offers shipping services through its fleet of vessels, including Suezmax, Aframax, and Long Range 2 (LR2) tankers. It is dedicated to serving global energy markets by providing reliable and efficient transportation solutions.
YTD Price Performance: -0.82%
Average Trading Volume: 441,039
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.4B
Find detailed analytics on TNK stock on TipRanks’ Stock Analysis page.
