Teekay Tankers declared a $0.25 cash dividend for Q3 2025, payable November 21 to shareholders on record by November 10.
Quiver AI Summary
Teekay Tankers Ltd. reported its financial results for the third quarter of 2025, announcing a fixed cash dividend of $0.25 per share, payable on November 21, 2025, to shareholders on record by November 10, 2025. The company operates a fleet of 34 double-hull tankers and manages vessels for Australian Government and energy companies, alongside a ship-to-ship transfer business. Teekay Tankers was established in December 2007 and its shares are traded on the New York Stock Exchange under the ticker TNK. Detailed earnings information and presentations are accessible on the company's website.
Potential Positives
- Teekay Tankers declared a fixed cash dividend of $0.25 per share, providing a direct financial return to shareholders.
- The dividend announcement demonstrates the company's commitment to returning value to its shareholders, which can enhance investor confidence.
- The company has a fleet of 34 double-hull tankers, indicating a robust operational capacity in the maritime industry.
- Teekay Tankers operates a diverse business model, including government contracts and a ship-to-ship transfer business, which may provide stability and additional revenue streams.
Potential Negatives
- The announcement of a fixed cash dividend may indicate that the company is prioritizing short-term cash distribution over long-term investments or growth opportunities, which could affect future financial stability.
- The reliance on a mix of spot market trading and fixed-rate contracts suggests potential vulnerability to market fluctuations, which can impact revenue stability and forecasting.
- Details about operational performance, such as revenue or profit margins, were not disclosed, raising concerns about the company's overall financial health and transparency.
FAQ
What is the latest dividend announced by Teekay Tankers?
Teekay Tankers announced a fixed cash dividend of $0.25 per share for the quarter ended September 30, 2025.
When will the dividend be paid to shareholders?
The cash dividend will be payable on November 21, 2025, to shareholders of record as of November 10, 2025.
What is the composition of Teekay Tankers' fleet?
Teekay Tankers has a fleet of 34 double-hull tankers, including Suezmax, Aframax/LR2 tankers, and one VLCC tanker.
What type of services does Teekay Tankers provide?
Teekay Tankers employs its vessels in spot tanker market trading and manages vessels for the Australian Government and energy companies.
When was Teekay Tankers formed?
Teekay Tankers was formed in December 2007 by Teekay Corporation Ltd.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TNK Hedge Fund Activity
We have seen 6 institutional investors add shares of $TNK stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 43,885 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,218,386
- KLP KAPITALFORVALTNING AS removed 10,000 shares (-25.0%) from their portfolio in Q3 2025, for an estimated $505,500
- CAMPBELL & CO INVESTMENT ADVISER LLC added 7,949 shares (+inf%) to their portfolio in Q3 2025, for an estimated $401,821
- FORUM FINANCIAL MANAGEMENT, LP added 6,402 shares (+inf%) to their portfolio in Q3 2025, for an estimated $323,621
- CERITY PARTNERS LLC added 6,313 shares (+inf%) to their portfolio in Q3 2025, for an estimated $319,122
- NISA INVESTMENT ADVISORS, LLC removed 6,300 shares (-97.8%) from their portfolio in Q3 2025, for an estimated $318,465
- RITHOLTZ WEALTH MANAGEMENT removed 5,272 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $219,947
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TNK Analyst Ratings
Wall Street analysts have issued reports on $TNK in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Evercore ISI Group issued a "Outperform" rating on 10/28/2025
- Jefferies issued a "Buy" rating on 07/31/2025
To track analyst ratings and price targets for $TNK, check out Quiver Quantitative's $TNK forecast page.
$TNK Price Targets
Multiple analysts have issued price targets for $TNK recently. We have seen 2 analysts offer price targets for $TNK in the last 6 months, with a median target of $63.0.
Here are some recent targets:
- Jonathan Chappell from Evercore ISI Group set a target price of $60.0 on 10/28/2025
- Omar Nokta from Jefferies set a target price of $66.0 on 10/20/2025
Full Release
HAMILTON, Bermuda, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. ( Teekay Tankers or the Company ) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2025 and announced that its Board of Directors has declared its fixed cash dividend of $0.25 per share for the quarter ended September 30, 2025. The cash dividend is payable on November 21, 2025 to all shareholders of record as at November 10, 2025.
The full earnings release and Teekay Group’s earnings presentation are available on the Company’s website here .
About Teekay Tankers
Teekay Tankers has a fleet of 34 double-hull tankers (including 17 Suezmax tankers, 16 Aframax / LR2 tankers, and 1 VLCC tanker), and also has three time chartered-in oil and product tankers. Teekay Tankers’ vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. In addition, Teekay Tankers manages and operates vessels for the Australian Government and Australian energy companies as part of the marine services provided by the Company and owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation Ltd.
Teekay Tankers’ Class A common shares trade on the New York Stock Exchange under the symbol “TNK.”
For Investor Relations
enquiries contact:
E-mail: [email protected]
Website:
www.teekay.com
