TNKNYSEWater TransportationUS GAAP · USD

Teekay Tankers Ltd

Teekay Tankers Ltd. is a U.S.-listed maritime transportation company incorporated in Bermuda that owns and operates a fleet of double-hulled crude oil and product tankers. Its business also includes lightering and ship-to-ship support services in the U.S. Gulf and Caribbean, plus marine services work for the Australian government, energy companies, and other third parties.

Kysy yhtiöstä
Liikevaihto952milj. USD
−22,6 %v/v
Liikevoitto (EBIT)309milj. USD
−18,7 %v/v
EBIT-marginaali32,5%
+1,6 %-yks.v/v
Nettotulos351milj. USD
−13,0 %v/v
Vapaa kassavirta116milj. USD
−71,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50005001 0001 500milj. USD2020: 886 milj. USD2020: EBIT 142 milj. USD20202021: 542 milj. USD2021: EBIT −194 milj. USD20212022: 1 178 milj. USD2022: EBIT 256 milj. USD20222023: 1 474 milj. USD2023: EBIT 536 milj. USD20232024: 1 229 milj. USD2024: EBIT 380 milj. USD20242025: 952 milj. USD2025: EBIT 309 milj. USD2025952309
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Teekay Tankers Ltd

Liiketoiminta

Osuus liikevaihdosta
Tanker transportation89 %

Operation of crude and product tankers employed on spot voyages and fixed-rate charters.

Marine services11 %

Operational and maintenance marine services provided mainly in Australia.

Ship-to-ship support and lightering0 %

U.S.-based lightering and ship-to-ship transfer services for larger tankers.

Tuotteet

Raportoitu · osuus liikevaihdosta
44,6%36,7%12,4%FY2025100 %
  • Voyage Charters Suezmax44,6 %
  • Voyage Charters Aframax and LR236,7 %
  • Vessel Operational and Maintenance Services Other Revenue12,4 %
  • Shiptoshipsupportservices Otherrevenue1,5 %
  • Time Charters Aframax LR21,2 %
  • Muut3,6 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Teekay Tankers serves oil producers, refiners, traders, and charterers that need ocean transport for crude oil and refined products. It also works for the Australian government and Australian energy companies through its marine services business, and for third parties needing lightering or ship-to-ship support. The mix of spot and fixed-rate contracts means customers range from market-based charterers to counterparties seeking more stable vessel capacity.

Oil traders and charterers

Buy tanker capacity on spot voyages or short fixed-rate charters to move crude and products globally.

Refiners and oil producers

Use tankers to transport crude feedstock and refined products between production, refining, and consumption hubs.

Australian government and energy companies

Buy marine operations and maintenance services under service arrangements in Australia.

Lightering customers

Use ship-to-ship and full-service lightering support in the U.S. Gulf and Caribbean.

Strategia

The company’s strategy centers on balancing spot-market exposure with short- and medium-term time charters across a modern tanker fleet. It also uses marine services and lightering activities to diversify earnings sources beyond pure voyage trading. Fleet composition, charter mix, and geographic positioning are central to how it competes in volatile tanker markets.

Optimize fleet employmentLyhyt aikaväli

A mixed spot and time-charter strategy helps capture market upside while reducing revenue volatility.

Diversify beyond core tanker tradingKeskipitkä aikaväli

Marine services and lightering provide additional revenue streams and customer relationships.

Preserve fleet quality and deployment flexibilityPitkä aikaväli

A double-hulled fleet across Suezmax, Aframax/LR2, and VLCC classes supports market access and trading optionality.

Maantiede

The company’s tanker fleet operates internationally, with commercial exposure tied to global crude and refined-product trade routes. Its marine services are concentrated in Australia, while its lightering and ship-to-ship support business is based in the U.S. Gulf and Caribbean. This mix creates exposure to global shipping lanes, regional energy trade flows, and country-specific service contracts.

Riskit

Teekay Tankers is exposed to tanker rate volatility, fuel and insurance cost inflation, and operational disruptions across global shipping lanes. The company also faces geopolitical risk, especially in Middle East transit corridors, where conflict can reduce trade flows or disrupt routing. Because part of the business relies on spot market trading, earnings and cash flow can change quickly with oil demand, fleet supply, and route inefficiencies.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Strait of Hormuz and Middle East disruption1Tanker market cyclicality2Operating cost inflation3Customer concentration in marine services4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Strait of Hormuz and Middle East disruptionVaikutus: KorkeaTodennäköisyys: Korkea

    The company notes conflict in and around the Strait of Hormuz can disrupt operations, lift costs, and weaken tanker demand over time.

    Kohdistuu: Global tanker routes and crude transport demand

  2. Tanker market cyclicalityVaikutus: KorkeaTodennäköisyys: Korkea

    A large share of revenues comes from spot voyage trading, which is directly tied to volatile freight rates and utilization.

    Kohdistuu: Voyage charter revenues

  3. Operating cost inflationVaikutus: KeskitasoTodennäköisyys: Korkea

    Trading inefficiencies, bunker fuel, and insurance premiums can increase when shipping lanes are disrupted.

    Kohdistuu: Voyage expenses and vessel operating costs

  4. Customer concentration in marine servicesVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Marine services rely on Australian government and energy-related counterparties, creating contract renewal and budget sensitivity.

    Kohdistuu: Marine services revenue

Kysy Clarifolta: Teekay Tankers Ltd

Kirjanpito

Harkinnanvaraiset erät
Multi-type revenue recognition

The company earns revenue from voyage charters, time charters, bareboat charters, and marine services, each with different timing and measurement considerations.

Vaikutus: Affects revenue comparability between quarters

Vessel depreciation and useful lives

A large owned fleet means depreciation is a significant non-cash charge tied to vessel values and estimated service lives.

Vaikutus: Affects operating profit and asset carrying values

Gains on vessel sales and write-downs

Asset disposals and impairments can produce large non-recurring swings in reported income.

Vaikutus: Can distort core operating performance

Equity-accounted joint venture income

The company recognizes income from an equity-accounted investment, which can fluctuate with the underlying venture’s results.

Vaikutus: Adds non-operating variability to net income

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026

Teekay Tankers Ltd (TNK) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo