Teekay Tankers FY 2025 net income falls 13% to USD 351.19 million

Reuters03-14

<a href="https://laohu8.com/S/TNK">Teekay Tankers</a> FY 2025 net income falls 13% to USD 351.19 million

Teekay Tankers reported FY 2025 net income of USD 351.19 million, down 13%, and income from operations of USD 309.1 million, down 19%. FY 2025 revenues were USD 951.8 million, down 23%, reflecting lower average realized spot TCE rates and fewer vessels due to tanker sales and chartered-in redeliveries. Tankers segment net revenues (non-GAAP) were USD 506.64 million, down 28%, while Tankers segment income from operations was USD 299.35 million, down 18%. FY 2025 gain on sale and write-down of assets was USD 99.66 million, up more than doubled, following the sale of eight Suezmax and three Aframax/LR2 tankers. Cash, cash equivalents and short-term investments totaled USD 852.57 million at year-end 2025, up 67%, and the company reported no total debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Teekay Tankers Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001419945-26-000007), on March 13, 2026, and is solely responsible for the information contained therein.

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FY 2025 revenues were USD 951.8 million, down 23%, reflecting lower average realized spot TCE rates and fewer vessels due to tanker sales and chartered-in redeliveries. Tankers segment net revenues (non-GAAP) were USD 506.64 million, down 28%, while Tankers segment income from operations was USD 299.35 million, down 18%. FY 2025 gain on sale and write-down of assets was USD 99.66 million, up more than doubled, following the sale of eight Suezmax and three Aframax/LR2 tankers. Cash, cash equivalents and short-term investments totaled USD 852.57 million at year-end 2025, up 67%, and the company reported no total debt.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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