Teekay Tankers Q3 net income rises to $92.1 mln

Teekay Tankers

29/10/2025 21:05

Overview

Teekay Tankers Q3 GAAP net income at $92.1 mln, driven by vessel sales gains

EPS for Q3 at $2.66, reflecting strong spot tanker rates

Company continues fleet renewal with Suezmax and Aframax tanker acquisitions

Outlook

Teekay Tankers sees strong tanker market in Q4 due to increased trade volumes

Company expects geopolitical factors to impact tanker market outlook

Teekay Tankers anticipates firm winter market due to sanctions and low inventories

Result Drivers

VESSEL SALES - Gains from the sales of vessels contributed significantly to net income in Q3

SPOT TANKER RATES - Strong spot tanker rates boosted EPS in Q3

FLEET RENEWAL - Continued fleet renewal with acquisitions of Suezmax and Aframax tankers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$2.66
Q3 Net Income
$92.08 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Teekay Tankers Ltd is $55.00, about 8.6% below its October 28 closing price of $59.71

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)