Teekay Tankers Ltd. Q2 2025 Financial Results

SEC Filing 6-K (0001419945-25-000014)

Teekay Tankers Ltd. reported its financial results for the second quarter of 2025, highlighting a GAAP net income of $62.6 million, or $1.81 per share, and an adjusted net income of $48.7 million, or $1.41 per share. The company acquired a 2017-built Suezmax vessel and agreed to acquire the remaining 50% ownership interest in the Hong Kong Spirit VLCC. Additionally, Teekay Tankers sold five vessels for total gross proceeds of $158.5 million and declared a cash dividend of $0.25 per share for the quarter ended June 30, 2025. The company's financial performance was driven by higher average spot tanker rates, partially offset by vessel sales and increased dry dockings. Looking ahead, Teekay Tankers is well-positioned to benefit from potential seasonal tanker demand uplift later in the year, supported by OPEC+ production increases and low global oil inventories.