Teekay Tankers reported Q4 2025 GAAP net income of USD 120.46 million (USD 3.47 per share) and adjusted net income of USD 96.96 million (USD 2.80 per share). Total revenues were USD 258.27 million in Q4. Income from operations was USD 110.30 million and adjusted EBITDA was USD 109.72 million. The company declared a quarterly cash dividend of USD 0.25 per share (payable March 13, 2026; record date March 2, 2026). For FY 2025, Teekay Tankers posted GAAP net income of USD 351.19 million (USD 10.15 per share) and adjusted net income of USD 240.77 million (USD 6.96 per share), on total revenues of USD 951.80 million. FY 2025 income from operations was USD 309.10 million and adjusted EBITDA was USD 295.48 million. As of Dec. 31, 2025, cash, cash equivalents, restricted cash and short-term investments totaled USD 853.26 million, and the company reported total liquidity of about USD 1.00 billion. Operationally, Q4 2025 spot TCE rates averaged USD 53,505/day for Suezmax and USD 43,634/day for Aframax/LR2; first-quarter 2026 booked-to-date spot rates were USD 56,900/day for Suezmax (65% fixed), USD 51,400/day for Aframax/LR2 (64% fixed) and USD 79,800/day for VLCC (78% fixed). The company said it acquired three 2016-built Aframax tankers for USD 141.50 million in January 2026 and bareboat chartered them back on short-term contracts with expected redeliveries in Q2–Q3 2026. It also reported vessel sales activity, including USD 61.50 million of gross proceeds from the October 2025 sale of a 2007-built Aframax and a 2009-built Suezmax (USD 21.71 million gain in Q4 2025), and agreements in early 2026 to sell additional older tonnage, including its 2013-built VLCC for USD 84.50 million (expected gain USD 22.50 million in Q2 2026). Management cited sanctions- and geopolitics-driven trade inefficiencies and near-record seaborne crude volumes as key drivers of the rate environment, and said spot rates strengthened further into early 2026.
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 on February 18, 2026, and is solely responsible for the information contained therein.