Teekay Tankers Ltd. Reports Second Quarter 2025 Results and Declares Dividend

Rhea-AI Summary

Teekay Tankers (NYSE: TNK) has announced its Q2 2025 results and declared a quarterly dividend of $0.25 per share, payable on August 22, 2025, to shareholders of record as of August 11, 2025.

The company operates a diverse fleet comprising 37 double-hull tankers, including 21 Suezmax tankers and 16 Aframax/LR2 tankers, plus three time chartered-in vessels. TNK also owns a 50% stake in a VLCC joint venture and manages vessels for the Australian Government while operating a ship-to-ship transfer business in the U.S. Gulf and Caribbean.

Positive

• Fixed quarterly dividend of $0.25 per share demonstrates commitment to shareholder returns
• Substantial fleet of 37 double-hull tankers provides strong market presence
• Diversified business model including government contracts and ship-to-ship transfer operations

Negative

• Heavy reliance on spot market trading exposes company to rate volatility

News Market Reaction

-5.87%

1 alert

-5.87% News Effect

On the day this news was published, TNK declined 5.87%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMILTON, Bermuda, July 30, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2025 and announced that its Board of Directors has declared its fixed cash dividend of $0.25 per share for the quarter ended June 30, 2025. The cash dividend is payable on August 22, 2025 to all shareholders of record as at August 11, 2025.

The full earnings release and Teekay Group’s earnings presentation are available on the Company’s website here.

About Teekay Tankers

Teekay Tankers has a fleet of 37 double-hull tankers (including 21 Suezmax tankers and 16 Aframax / LR2 tankers), and has three time chartered-in oil and product tankers. Teekay Tankers’ vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers manages and operates vessels for the Australian Government and Australian energy companies as part of the marine services provided by the Company and owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation Ltd.

Teekay Tankers’ Class A common shares trade on the New York Stock Exchange under the symbol “TNK.”

For Investor Relations
enquiries contact:

E-mail: investor.relations@teekay.com
Website: www.teekay.com

FAQ

What dividend did Teekay Tankers (TNK) declare for Q2 2025?

Teekay Tankers declared a fixed cash dividend of $0.25 per share for Q2 2025, payable on August 22, 2025, to shareholders of record as of August 11, 2025.

How many ships does Teekay Tankers operate in 2025?

Teekay Tankers operates a fleet of 37 double-hull tankers, including 21 Suezmax tankers and 16 Aframax/LR2 tankers, plus three time chartered-in vessels and a 50% stake in a VLCC.

What is the record date for Teekay Tankers' Q2 2025 dividend?

The record date for Teekay Tankers' Q2 2025 dividend is August 11, 2025.

What types of services does Teekay Tankers provide?

Teekay Tankers provides spot market trading, fixed-rate time charter contracts, vessel management for the Australian Government, and operates a ship-to-ship transfer business in the U.S. Gulf and Caribbean.