Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2019 Results
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
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Source: GlobeNewswire
Highlights Reported GAAP net income of $63.1 million, or $1.88 per share, and adjusted net income(1) of $83.0 million, or $2.47 per share, in the fourth quarter of 2019 (excluding items listed in Appendix A to this release).Total Adjusted EBITDA(1) of $131.5 million in the fourth quarter of 2019.Secured strong first quarter of 2020 to-date spot tanker rates of $51,700 per day and $38,600 per day for Teekay Tankers' Suezmax and Aframax fleet, up from $39,100 per day and $33,000 per day, respectively, in the fourth quarter of 2019.Since November 2019, Teekay Tankers has entered into agreements to opportunistically sell four Suezmax tankers (three of which have delivered) and an agreement to sell a portion of its ship-to-ship transfer support services business for combined sales proceeds of approximately $104 million.Including the proforma impact of recently agreed asset sales, Teekay Tankers' net debt(2) as of December 31, 2019 would have been approximately $844 million, a decrease of
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News
- Are Investors Undervaluing Teekay Tankers (TNK) Right Now? [Yahoo! Finance]Yahoo! Finance
- Returns On Capital Are A Standout For Teekay Tankers (NYSE:TNK) [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits [Seeking Alpha]Seeking Alpha
- Teekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers Ltd. (NYSE: TNK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
TNK
Earnings
- 2/22/24 - Miss
TNK
Sec Filings
- 4/19/24 - Form 6-K
- 3/15/24 - Form 20-F
- 3/5/24 - Form 144
- TNK's page on the SEC website