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Teekay Tankers Ltd (TNK)
NYSE:TNK
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.25Last Year’s EPS
3.82Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -5.47%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong financial performance, strategic fleet management, and successful investments. Despite some challenges with spot rates and weak demand in certain regions, Teekay Tankers remains well-positioned with substantial free cash flow and a solid dividend strategy.Company Guidance
During the Teekay Group's Fourth Quarter 2024 Earnings Results Conference Call, Kenneth Hvid, President and CEO of Teekay Corporation and Teekay Tankers, provided guidance on several key metrics. Teekay Tankers reported an adjusted net income of $52 million, or $1.50 per share, for Q4 and $355 million, or $10.31 per share, for the full year 2024. The company generated $69 million in free cash flow in Q4 and $450 million for the year. Teekay sold five vessels for a combined $160 million, resulting in expected book gains of nearly $60 million, and signed an MOA to acquire a modern LR2 tanker. Despite softer spot rates, the company continues to generate substantial free cash flow above its breakeven levels of approximately $14,300 per day. Teekay has declared a quarterly dividend of $0.25 per share, totaling $3 per share for the year. The company also made a passive investment in Ardmore Shipping Corporation, acquiring a 5.1% stake. The call highlighted the impact of geopolitical events, such as sanctions and conflicts, on market conditions and tanker rates, which remain volatile but are trending upwards.Strong Financial Performance
Teekay Tankers reported adjusted net income of $52 million for Q4 2024 and $355 million for the full year, with a free cash flow of $69 million in Q4 and $450 million for the year.
Fleet Management Success
Sold five vessels for combined proceeds of $160 million, resulting in expected book gains of nearly $60 million. Also signed an MOA to acquire a modern LR2 tanker.
Strategic Investment
Teekay made a passive investment in Ardmore Shipping Corporation, acquiring 5.1% of the company, indicating confidence in adjacent sectors.
Dividend Stability
Declared a quarterly fixed dividend of $0.25 per share, totaling $3 per share for the full year.
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TNK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $40.38 | $40.03 | -0.87% |
| Oct 30, 2024 | $47.27 | $47.10 | -0.36% |
| Aug 01, 2024 | $64.35 | $60.63 | -5.78% |
| May 09, 2024 | $60.53 | $66.02 | +9.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teekay Tankers Ltd (TNK) report earnings?
Teekay Tankers Ltd (TNK) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Teekay Tankers Ltd (TNK) earnings time?
Teekay Tankers Ltd (TNK) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNK EPS forecast?
TNK EPS forecast for the fiscal quarter 2025 (Q1) is 1.25.
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