Teekay Tankers Stock Price, News & Analysis

Teekay Corporation (NYSE:TK) has announced its business update for Q1 2025 and declared a special cash dividend of $1.00 per common share. The dividend will be paid on July 16, 2025 to shareholders of record as of July 2, 2025. The company has made its business update and earnings presentation available on their corporate website.

Teekay Tankers Ltd. (NYSE: TNK) has announced its financial results for Q1 2025 and declared two dividends for shareholders. The company will distribute a regular quarterly fixed cash dividend of $0.25 per share and an additional special cash dividend of $1.00 per share. Both dividends will be paid on May 30, 2025 to shareholders of record as of May 19, 2025.

The company has made its complete earnings release and Teekay Group's earnings presentation available on their corporate website for detailed financial information.

Teekay Group has scheduled its first quarter 2025 financial results announcement for May 7, 2025, after market close. The company will host a conference call on May 8, 2025, at 11:00 a.m. (ET) to discuss the results.

Teekay, trading as NYSE:TK, is a major provider of international crude oil marine transportation through its controlling stake in Teekay Tankers (NYSE:TNK). The company operates approximately 57 conventional tankers and marine assets, employing 2,300 staff across eight countries.

Teekay Tankers maintains a diverse fleet including:

• 21 Suezmax tankers
• 15 Aframax/LR2 tankers
• 4 time chartered-in oil tankers
• 50% ownership in a VLCC joint venture

The company specializes in spot market trading and fixed-rate time charter contracts, while also managing vessels for the Australian Government and providing ship-to-ship transfer services in the U.S. Gulf and Caribbean.

Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) have announced the release of their Annual Reports on Form 20-F for the fiscal year ended December 31, 2024. The reports are available on www.teekay.com and have been filed with the SEC.

Teekay operates as a leading provider of international crude oil marine transportation and services through its controlling stake in Teekay Tankers. The company manages approximately 60 conventional tankers and marine assets, including vessels for the Australian government, with 2,300 employees across eight countries.

Teekay Tankers' fleet consists of 37 double-hull tankers (22 Suezmax and 15 Aframax/LR2), five time chartered-in tankers, and a 50% stake in a VLCC. The company operates through spot market trading and fixed-rate time charters, while also providing ship-to-ship transfer services in the U.S. Gulf and Caribbean.

Teekay (NYSE:TK) reported its financial results for Q4 and the full year ending December 31, 2024. The complete earnings release and presentation are accessible on the company's website.

Teekay Tankers (NYSE: TNK) announced its financial results for Q4 and full-year 2024, along with a quarterly dividend declaration. The Board of Directors has declared a cash dividend of $0.25 per share for the fourth quarter ended December 31, 2024. The dividend will be payable on March 14, 2025 to shareholders of record as of March 3, 2025.

Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) have scheduled their fourth quarter and annual 2024 earnings release for February 19, 2025, after market close. The companies will host a conference call the following day, February 20, 2025, at 11:00 a.m. ET to discuss their financial results.

Shareholders and interested parties can participate in the conference call either by dialing 1(800) 289-0438 (North America) or 1(647) 484-0478 (international) with conference ID 5649868, or by accessing the webcast through Teekay's website. The earnings presentation will be available on the company's website before the call, and the webcast archive will remain accessible for one year.

Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) announced significant changes to their Boards of Directors, effective December 31, 2024. The restructuring aligns with the strategy to position Teekay Tankers as the sole operating platform within the Teekay Group.

Key changes include David Schellenberg and Alan Semple stepping down from Teekay's Board to join Teekay Tankers' Board, with Poul Karlshoej appointed as new Teekay Director. Heidi Locke Simon will become Chair of both Boards. The Teekay Board will be reduced from six to five members, while the Teekay Tankers Board will expand from five to seven members.

Kenneth Hvid will step down as Teekay Tankers Board Chair but remain as Director on both Boards. Richard du Moulin and Sai Chu are retiring from the Teekay Tankers Board.

Teekay Tankers (NYSE: TNK) has announced its third quarter 2024 results and declared a quarterly cash dividend of $0.25 per share, payable on November 22, 2024, to shareholders of record as of November 12, 2024. The company operates a fleet of 42 double-hull tankers, including 24 Suezmax tankers and 18 Aframax/LR2 tankers, plus six time chartered-in vessels. Additionally, Teekay Tankers owns a 50% stake in a VLCC and manages a ship-to-ship transfer business in the U.S. Gulf and Caribbean.