Teekay Tankers Ltd. Q2 2025 Financial Performance and Fleet Updates

SEC Filing 6-K (0001419945-25-000017)

Teekay Tankers Ltd. reported its financial results for the second quarter of 2025, highlighting significant developments in its fleet and financial performance. The company's fleet consisted of 44 vessels, including seven chartered-in vessels and one 50%-owned VLCC. During the quarter, Teekay entered into agreements to sell four Suezmax tankers and one Aframax/LR2 tanker for a total of $158.5 million, with these vessels classified as held for sale as of June 30, 2025. Additionally, the company completed the acquisition of a 2019-built Aframax/LR2 tanker for $63.0 million and signed agreements to acquire a 2017-built Suezmax tanker and a 2013-built VLCC for $64.3 million and $63.0 million, respectively. Financially, Teekay reported net income of $62.6 million for Q2 2025, compared to $111.1 million in Q2 2024. The company also declared a special cash dividend of $1.00 per common share in May 2025. These developments reflect Teekay's strategic focus on optimizing its fleet and capitalizing on market opportunities.