TNK on NYSE

TEEKAY TANKERS LTD.

TEEKAY TANKERS LTD. is a water transportation company based in Hamilton, Bermuda, active since 2007.2 Its shares trade on NYSE under the symbol TNK.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$951.8MRevenue, fiscal 20253
$351.2MNet income, fiscal 20253

Compare with International Seaways, Inc., Hornbeck Offshore Services or Tidewater, or pick any stock.

  • TickerTNK on NYSE2
  • IndustryWater Transportation2
  • HeadquartersHamilton, Bermuda2
  • Incorporated inBermuda4
  • Business address2Nd Floor, Swan Building, 26 Victoria Street, Hamilton, D0 Hm124
  • Filer categoryLarge accelerated filer4
  • Legal formExempted Companies Limited by Shares2
  • LEI549300DE8ZAIYS2T6Q222
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address2ND FLOOR, SWAN BUILDING, HM 12 Hamilton, Bermuda2
  • Registered withRegistrar of Companies (Ministry of Economic Development), 2024038252

Teekay Tankers Ltd. ("we," "us," or "the Company) is an international provider of marine transportation to global oil industries. We were formed as a Marshall Islands corporation in October 2007 by Teekay Corporation Ltd. (NYSE: TK) (or Teekay Corporation ), a leading provider of international crude oil and other marine transportation services. We completed our initial public offering on December 18, 2007 with an initial fleet of nine Aframax oil tankers which were transferred to us by Teekay Corporation.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.5%Operating margin3
36.9%Net margin3
-22.6%Revenue growth, 20253
17.2%Return on equity3
$115.6MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Voyage Charters - Suezmax brought in 45% of the revenue TEEKAY TANKERS LTD. broke down this way in fiscal 2025.

  1. Voyage Charters - Suezmax$425.0M345%down 22% from 2024
  2. Voyage Charters - Aframax and LR2$349.3M337%down 33% from 2024
  3. Vessel operational and maintenance services, Other revenue$118.1M312%up 3% from 2024
  4. Ship-to-ship support services, Other revenue$14.7M32%up 31% from 2024
  5. Time Charters - Aframax/LR2$11.2M31%down 7% from 2024
  6. Voyage Charters - VLCC$11.0M31%
  7. Management fees and other, Other revenue$10.3M31%up 2% from 2024
  8. Time Charter - Bunker Tanker$8.3M31%up 629% from 2024
  9. Time Charters - Suezmax$3.9M30%down 70% from 2024
Products and services by year
Products and services202320242025
Voyage Charters - Suezmax$669.3M$547.3M$425.0M
Voyage Charters - Aframax and LR2$652.2M$519.7M$349.3M
Vessel operational and maintenance services, Other revenue$101.4M$115.2M$118.1M
Ship-to-ship support services, Other revenue$7.9M$11.2M$14.7M
Time Charters - Aframax/LR2$16.9M$12.0M$11.2M
Voyage Charters - VLCC$11.0M
Management fees and other, Other revenue$11.7M$10.1M$10.3M
Time Charter - Bunker Tanker$1.1M$8.3M
Time Charters - Suezmax$14.3M$12.8M$3.9M

Business segments

Tankers brought in 87% of the revenue TEEKAY TANKERS LTD. broke down this way in fiscal 2025.

  1. Tankers$824.0M387%down 26% from 2024
  2. Marine Services and Other$127.8M313%up 4% from 2024
Business segments by year
Business segments202320242025
Tankers$1.4B$1.1B$824.0M
Marine Services and Other$109.2M$123.1M$127.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue33¢$317.4M
  • Other costs29¢$276.4M
  • Interest0¢$2.9M
  • Income tax0¢$3.9M
  • Profit37¢$351.2M

Out of $951.8M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending62¢$190.3M
  • Dividends paid23¢$69.0M
  • Kept or used elsewhere15¢$46.6M

Out of $305.9M of cash from operations.3

Financial statements

Revenue6789103$951.8M in 2025+23% since 2018
0$500.0M$1.0B$1.5B2018: $776.5M$776.5M20182019: $943.9M$943.9M2019+22%2020: $886.4M$886.4M2020−6%2021: $542.4M$542.4M2021−39%2022: $1.2B$1.2B2022+117%2023: $1.5B$1.5B2023+25%2024: $1.2B$1.2B2024−17%2025: $951.8M$951.8M2025−23%
Operating income6789103$309.1M in 2025+4191% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $7.2M$7.2M20182019: $123.9M$123.9M2019+1620%2020: $141.6M$141.6M2020+14%2021: -$194.1M-$194.1M20212022: $263.8M$263.8M20222023: $546.8M$546.8M2023+107%2024: $380.1M$380.1M2024−30%2025: $309.1M$309.1M2025−19%
Net income6789103$351.2M in 2025
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2018: -$52.5M-$52.5M20182019: $41.4M$41.4M20192020: $87.3M$87.3M2020+111%2021: -$242.4M-$242.4M20212022: $235.4M$235.4M20222023: $519.9M$519.9M2023+121%2024: $403.7M$403.7M2024−22%2025: $351.2M$351.2M2025−13%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total revenues$951.8M$1.2B$1.5B
Voyage expenses (note 8)-$317.4M-$405.5M-$474.4M
Vessel operating expenses (note 14a)-$241.0M-$261.1M-$249.3M
Time-charter hire expenses (note 10)-$45.3M-$74.8M-$70.8M
Depreciation and amortization-$86.6M-$93.6M-$97.6M
General and administrative expenses-$46.6M-$46.6M-$43.7M
Gain on sale and write-down of assets (note 15)$99.7M$38.1M$10.4M
Restructuring charges (note 16)-$5.6M-$5.6M-$1.6M
Income from operations$309.1M$380.1M$546.8M
Interest expense-$2.9M-$7.5M-$27.7M
Interest income$29.7M$24.1M$11.0M
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net$0$0$449.0K
Equity income and gain on distribution from equity-accounted investment$9.6M$2.8M$3.4M
Other income (expense) (note 17)$1.8M$4.6M-$1.4M
Net income before income tax$347.3M$404.1M$532.5M
Income tax recovery (expense) (note 18)$3.9M-$405.0K-$12.6M
Net income$351.2M$403.7M$519.9M
Basic earnings per share$10.15$11.73$15.22
Diluted earnings per share$10.10$11.63$15.04
Basic (in shares)34.6M shares34.4M shares34.2M shares
Diluted (in shares)34.8M shares34.7M shares34.6M shares
Cash dividends declared (in dollars per share)$2.00$3.00$1.75

Compare TEEKAY TANKERS LTD. with another company

Corporate structure

TEEKAY TANKERS LTD. sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TEEKAY TANKERS LTD.

  • BlackRock Filed SCHEDULE 13G on TEEKAY TANKERS LTD., latest Jul 30, 2026 (6 filings since Feb 3, 2023)
  • FMR LLC Filed SCHEDULE 13G on TEEKAY TANKERS LTD., latest May 6, 2026 (3 filings since Nov 5, 2025)
  • TEEKAY CORP LTD Filed SC 13D/A on TEEKAY TANKERS LTD., latest Oct 11, 2024 (6 filings since Dec 23, 2021)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on TEEKAY TANKERS LTD., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • Russell Investments Group, Ltd. Filed SC 13G/A on TEEKAY TANKERS LTD., latest Feb 11, 2022
  • TEEKAY TANKERS LTD. Hamilton, Bermuda

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What TEEKAY TANKERS LTD. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$487.7M3 Dec 31, 2025$570.9M3 Dec 31, 2024−14.6%
Property and equipment, net$1.0B3 Dec 31, 2025$1.1B3 Dec 31, 2024−11.6%
Finance-lease assets$010 Dec 31, 2024$229.0M10 Dec 31, 2023−100.0%
Operating-lease assets (leased space)$38.2M3 Dec 31, 2025$52.2M3 Dec 31, 2024−26.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$830.6M3 Dec 31, 2025$511.9M3 Dec 31, 2024+62.3%
Marketable securities, current$03 Dec 31, 2025$22.4M3 Dec 31, 2024−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.4M3 Dec 31, 2025$2.4M3 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$307.0K10 Dec 31, 2024$658.0K10 Dec 31, 2023−53.3%
Finite-lived intangibles, gross$5.7M3 Dec 31, 2025$5.7M3 Dec 31, 20240%
Accumulated amortization$5.4M10 Dec 31, 2024$5.0M10 Dec 31, 2023+8.0%
Finite-lived intangibles, net$03 Dec 31, 2025$307.0K3 Dec 31, 2024−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$29.4M3 Dec 31, 2025$46.0M3 Dec 31, 2024−36.1%

Leadership

Who has led TEEKAY TANKERS LTD., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth Hvid2026–now

Chief financial officer

  1. Brody Speers2026–now
Board members and other officers (8)

Timeline

  1. Mar 17, 2026New chief executive Kenneth Hvid becomes CEO12
  2. Oct 17, 2007Founded TEEKAY TANKERS LTD. is founded2

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.54 a share, on Oct 29, 2025.21

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

152 filings to the SEC since October 2021: 5 annual reports, 39 insider forms, 19 large holders, 89 other. The latest 20:

  1. Sep 16, 20264 EDGAR
  2. Sep 15, 2026144 EDGAR
  3. Aug 25, 20264 EDGAR
  4. Aug 25, 20264 EDGAR
  5. Aug 25, 20264 EDGAR
  6. Aug 24, 20264 EDGAR
  7. Aug 24, 20264 EDGAR
  8. Aug 24, 20264 EDGAR
  9. Aug 18, 2026144/A EDGAR
  10. Aug 18, 2026144 EDGAR
  11. Aug 18, 2026144 EDGAR
  12. Aug 18, 20264 EDGAR
  13. Aug 18, 20264 EDGAR
  14. Jul 31, 20266-K EDGAR
  15. Jul 30, 2026SCHEDULE 13G EDGAR
  16. Jul 29, 20266-K EDGAR
  17. Jun 10, 20264/A EDGAR
  18. Jun 10, 20264/A EDGAR
  19. Jun 10, 20264/A EDGAR
  20. Jun 9, 20264 EDGAR

The 152 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Schellenberg DavidDirectorSale7,344$100.00$734.4KForm 4
Sep 15, 2026Schellenberg DavidDirectorSale101$100.00$10.1KForm 4
Aug 18, 2026Kapoor Rohit (RK2)Managing Director, SinagporeSale6,375$89.28$569.2KForm 4
Aug 18, 2026Locke Simon HeidiDirectorSale741$90.00$66.7KForm 4
Jun 8, 2026Schellenberg DavidDirectorSale7,031$71.53$502.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

TEEKAY TANKERS LTD. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

SEC filer profile

How TEEKAY TANKERS LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTEEKAY TANKERS LTD.1
  • CIK0001419945
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inBermuda5
  • Fiscal year endsDecember 311
  • Industry code (SIC)4400 Water Transportation1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2Nd Floor, Swan Building, 26 Victoria Street, Hamilton, D0 HM121
  • Phone(441)298-25301
  • Shares outstanding29,921,732 Common Class A shares; 4,625,997 Common Class B shares as of Dec 31, 20255
  • AuditorKPMG LLP, Vancouver BC, Canada PCAOB ID 85; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceDec 3, 20071
  • Filings447 in all: 6-K (191), 144 (32), SC 13G/A (32), 4 (26), SC 13G (23), 20-F (19), 425 (15), 3 (10)1
    All 34 form types

    424B5 (10), CORRESP (9), EFFECT (8), SC 13D/A (8), UPLOAD (8), 424B2 (6), 6-K/A (5), F-3 (5), S-8 (5), SCHEDULE 13G (4), 144/A (3), 4/A (3), S-8 POS (3), SCHEDULE 13G/A (3), 20-F/A (2), 424B3 (2), F-1/A (2), F-3/A (2), F-4 (2), F-4/A (2), SC 13D (2), 424B4 (1), 8-A12B (1), 8-A12B/A (1), CERTNYS (1), F-1 (1)

  • Latest filingsAnnual report (20-F) Mar 13, 2026

Securities registered for trading

ClassSymbolExchange
Class A common shares, par value of $0.01 per shareTNKNew York Stock Exchange

From the cover page of the 20-F filed Mar 13, 2026 (Section 12(b) of the Exchange Act).5