Declared Dividend • May 20
First quarter dividend of US$1.25 announced Shareholders will receive a dividend of US$1.25. Ex-date: 26th May 2026 Payment date: 2nd June 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (8% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 48% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Announcement • May 07
Teekay Tankers Ltd., Annual General Meeting, Jun 16, 2026 Teekay Tankers Ltd., Annual General Meeting, Jun 16, 2026. Location: suite 2100, bentall 5, 550 burrard street, vancouver, bc v6c 2k2, Canada Announcement • Apr 30
Teekay Tankers Ltd. to Report Q1, 2026 Results on May 13, 2026 Teekay Tankers Ltd. announced that they will report Q1, 2026 results After-Market on May 13, 2026 Announcement • Feb 19
Teekay Tankers Ltd. Declares Dividend for the Quarter Ended December 31, 2025, Payable on March 13, 2026 Teekay Tankers Ltd. announced that its Board of Directors has declared its regular, fixed quarterly cash dividend of $0.25 per share for the quarter ended December 31, 2025. The cash dividend is payable on March 13, 2026 to all shareholders of record as at March 2, 2026. Announcement • Feb 05
Teekay Tankers Ltd. to Report Q4, 2025 Results on Feb 18, 2026 Teekay Tankers Ltd. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 18, 2026 Announcement • Oct 30
Teekay Tankers Ltd. Declares Dividend for the Quarter Ended September 30, 2025, Payable on November 21, 2025 Teekay Tankers Ltd. 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. Announcement • Oct 22
Teekay Tankers Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Teekay Tankers Ltd. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Jul 31
Teekay Tankers Ltd. Declares Fixed Cash Dividend for the Quarter Ended June 30, 2025, Payable on August 22, 2025 Teekay Tankers Ltd. announced that its Board of Directors has declared its fixed cash dividend of $0.25 per share for the quarter ended June 30, 2025. The cash dividend is payable on August 22, 2025 to all shareholders of record as at August 11, 2025. Announcement • Jul 23
Teekay Tankers Ltd. to Report Q2, 2025 Results on Jul 30, 2025 Teekay Tankers Ltd. announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Announcement • May 19
Teekay Tankers Ltd., Annual General Meeting, Jun 25, 2025 Teekay Tankers Ltd., Annual General Meeting, Jun 25, 2025. Location: suite 2100, bentall 5, 550 burrard street, bc v6c 2k2, vancouver, Canada Announcement • Apr 30
Teekay Tankers Ltd. to Report Q1, 2025 Results on May 07, 2025 Teekay Tankers Ltd. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Feb 20
Teekay Tankers Ltd. Declares Dividend for the Quarter Ended December 31, 2024, Payable on March 14, 2025 Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2024. The cash dividend is payable on March 14, 2025 to all shareholders of record as at March 3, 2025. Announcement • Feb 12
Teekay Tankers Ltd. to Report Q4, 2024 Results on Feb 19, 2025 Teekay Tankers Ltd. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 19, 2025 Announcement • Dec 10
Teekay Tankers Ltd. Announces Changes to Boards of Directors, Effective from December 31, 2024 Teekay Tankers Ltd. announced the following changes to their respective Boards of Directors, which are effective as of December 31, 2024. The changes further streamline and simplify the Teekay Group, and align with the previously announced goal of having Teekay Tankers serve as the sole operating platform within the Teekay Group and Teekay focusing on managing its controlling interest in Teekay Tankers: David Schellenberg and Alan Semple will be stepping down as Directors of the Teekay Board of Directors (Teekay Board), and as Board Chair and Audit Committee Chair, respectively, in order to serve as independent Directors on the Teekay Tankers Board of Directors (Teekay Tankers Board) and for Mr. Semple to serve as Chair of the Teekay Tankers Board’s Audit Committee. Richard du Moulin, Director, and Sai Chu, Director, are retiring from the Teekay Tankers Board. Messrs. Semple and Karlshoej will join the Teekay Tankers Board to fill these two vacancies. Mr. Semple will also serve as the Chair of the Teekay Tankers Board’s Audit Committee. Kenneth Hvid, President and CEO of Teekay and Teekay Tankers, will be stepping down from his role as Chair of the Teekay Tankers Board, but will remain as a Director on each Board. The size of the Teekay Tankers Board will be increased from five members to seven members. The two newly created positions will be filled by current Teekay Board members, Heidi Locke Simon and Rudolph Krediet. The Teekay Tankers Board has selected Ms. Locke Simon to take over as Chair of the Teekay Tankers Board. Ms. Locke Simon joined the board of Teekay Corporation Ltd. in 2017 and currently serves as the Chair of the Compensation and Human Resources Committee and as a member of the Audit and Nominating and Governance Committees. She also served on the board of Teekay GP LLC from June 2021 until Stonepeak’s acquisition of Seapeak in January 2022. Ms. Locke Simon brings over 30 years of experience to these roles. She was formerly a partner at Bain & Company and an Investment Banking Analyst at Goldman Sachs. Ms. Locke Simon has served as a Director of Compass Diversified Holdings since July 2023, where she is also a member of the Audit Committee. She has experience as Board Chair serving on several private company and non-profit organization boards. Ms. Locke Simon holds an MBA from Harvard Business School and has completed various certifications in governance (including cybersecurity governance). Mr. Karlshoej has served as a Board Observer on the Teekay Corporation Ltd. board since 2019 and the Teekay Tankers Ltd. board since 2021. Prior to these roles, he also served in various business development, commercial management and chartering roles within the Teekay Group in its offshore and tanker segments since 2007. Mr. Karlshoej joined Anholt Services (USA) Inc. and currently serves on its Investment Committee. In addition, Mr. Karlshoej is involved in a number of commercial ventures in real estate development and agriculture, both as an owner and investor. Mr. Karlshoej graduated from Colorado State with a degree in Agriculture Business in 2006. Mr. Semple has served as a Director of Teekay Corporation Ltd. since 2015 and currently serves as the Chair of the Audit Committee. He previously served on the board of Teekay GP LLC from May 2019 until Stonepeak’s acquisition of Seapeak in January 2022. Mr. Semple brings over 30 years of finance experience, primarily in the energy industry, to these roles. He was formerly a Director and Chief Financial Officer at John Wood Group PLC (Wood Group), a role he held from 2000 until his retirement in 2015. Prior to this, Mr. Semple held a number of senior finance roles in Wood Group from 1996. Mr. Semple currently serves on the board of Cactus Inc., where he is the Chair of the Audit Committee. He also served as a Director and Chair of the Audit Committee of Cobham PLC until 2018. Mr. Semple graduated from the University of Strathclyde (Glasgow, Scotland) in 1979 with a Bachelor of Arts degree in Business Administration and is a member of the Institute of Chartered Accountants of Scotland. Mr. Krediet joined the board of Teekay Corporation Ltd. in 2017 and brings over 20 years of experience as a financial investment professional to this role. He has served as a partner at Anholt Services (USA) Inc. since 2013. Mr. Krediet acted as Principal at Compass Group Management LLC from 2010 to 2013, and as Vice President from 2006 to 2009. He acted as Vice President at CPM Roskamp Champion from 2003 to 2004. Mr. Krediet has an MBA from the Darden Graduate School of Business at the University of Virginia. Declared Dividend • Nov 04
Third quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 12th November 2024 Payment date: 22nd November 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (2% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.0% over the next 2 years. However, it would need to fall by 98% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.71 (vs US$2.38 in 3Q 2023) Third quarter 2024 results: EPS: US$1.71 (down from US$2.38 in 3Q 2023). Revenue: US$243.3m (down 15% from 3Q 2023). Net income: US$58.8m (down 28% from 3Q 2023). Profit margin: 24% (down from 28% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Teekay Tankers Ltd. Declares Cash Dividend for the Quarter Ended September 30, 2024, Payable on November 22, 2024 Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024. Announcement • Oct 23
Teekay Tankers Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Teekay Tankers Ltd. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Announcement • Aug 08
Teekay Tankers Ltd. Announces CFO Changes Teekay Tankers’ Chief Financial Officer, Stewart Andrade, will transition out of the organization by August 31, 2024. Brody Speers, Teekay Corporation’s Vice President, Finance and Treasurer, will take on the role of Chief Financial Officer (CFO) of Teekay Tankers. Brody Speers was appointed as Chief Financial Officer of Teekay Corporation and Teekay Tankers in August 2024. Prior to this appointment, Brody served in several senior financial positions, including as Vice President, Finance of Teekay Corporation since 2018, Treasurer of Teekay Corporation since 2022 and as Chief Financial Officer of Teekay Gas Group Ltd., a company that provided services to Teekay LNG Partners L.P. (now Seapeak LLC) and its affiliates, in 2017 and 2018. Prior to joining Teekay in 2008, Mr. Speers worked as a Chartered Professional Accountant for an accounting firm in Vancouver, Canada. Mr. Speers is also a Chartered Business Valuator. Declared Dividend • Aug 05
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 12th August 2024 Payment date: 23rd August 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 14% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$3.11 (vs US$4.43 in 2Q 2023) Second quarter 2024 results: EPS: US$3.11 (down from US$4.43 in 2Q 2023). Revenue: US$296.6m (down 20% from 2Q 2023). Net income: US$107.0m (down 29% from 2Q 2023). Profit margin: 36% (down from 41% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Teekay Tankers Ltd. to Report Q2, 2024 Results on Aug 01, 2024 Teekay Tankers Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Peter Antturi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$4.23 (vs US$4.97 in 1Q 2023) First quarter 2024 results: EPS: US$4.23 (down from US$4.97 in 1Q 2023). Revenue: US$338.3m (down 14% from 1Q 2023). Net income: US$144.8m (down 14% from 1Q 2023). Profit margin: 43% (in line with 1Q 2023). Revenue is forecast to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • May 03
Teekay Tankers Ltd. to Report Q1, 2024 Results on May 09, 2024 Teekay Tankers Ltd. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024 Announcement • Apr 21
Teekay Tankers Ltd., Annual General Meeting, Jun 03, 2024 Teekay Tankers Ltd., Annual General Meeting, Jun 03, 2024, at 14:30 Pacific Daylight. Location: Suite 2100, Bentall 5 550 Burrard Street Vancouver British Columbia Canada Agenda: To elect five directors to Teekay Tankers Ltd.'s Board of Directors for a term of one year; to ratify the appointment of KPMG LLP as Teekay Tankers Ltd.'s independent auditors for the adjournment or postponement of the meeting. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$15.07 (vs US$6.74 in FY 2022) Full year 2023 results: EPS: US$15.07 (up from US$6.74 in FY 2022). Revenue: US$1.36b (up 28% from FY 2022). Net income: US$513.7m (up 124% from FY 2022). Profit margin: 38% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 23% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
Teekay Tankers Ltd. Declares Cash Dividend for the Quarter Ended December 31, 2023, Payable on March 15, 2024 Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2023. The cash dividend is payable on March 15, 2024 to all shareholders of record as at March 4, 2024. Announcement • Feb 15
Teekay Tankers Ltd. to Report Q4, 2023 Results on Feb 22, 2024 Teekay Tankers Ltd. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €51.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 489% over the past three years. Upcoming Dividend • Nov 06
Upcoming dividend of US$0.25 per share at 1.9% yield Eligible shareholders must have bought the stock before 13 November 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.7%). New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$2.39 (vs US$2.00 in 3Q 2022) Third quarter 2023 results: EPS: US$2.39 (up from US$2.00 in 3Q 2022). Revenue: US$285.9m (up 2.3% from 3Q 2022). Net income: US$81.4m (up 20% from 3Q 2022). Profit margin: 28% (up from 24% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 33% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 02
Teekay Tankers Ltd. Declares Cash Dividend for the Quarter Ended September 30, 2023, Payable on November 27, 2023 Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2023. The cash dividend is payable on November 27, 2023 to all shareholders of record as at November 14, 2023. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €47.75, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 517% over the past three years. Announcement • Oct 26
Teekay Tankers Ltd. to Report Q3, 2023 Results on Nov 02, 2023 Teekay Tankers Ltd. announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$4.45 (vs US$0.84 in 2Q 2022) Second quarter 2023 results: EPS: US$4.45 (up from US$0.84 in 2Q 2022). Revenue: US$370.6m (up 53% from 2Q 2022). Net income: US$151.2m (up 430% from 2Q 2022). Profit margin: 41% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Teekay Tankers Ltd. Declares Cash Dividend for the Quarter Ended June 30, 2023, Payable on August 25, 2023 Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2023. The cash dividend is payable on August 25, 2023 to all shareholders of record as at August 14, 2023. Announcement • Jul 28
Teekay Tankers Ltd. to Report Q2, 2023 Results on Aug 03, 2023 Teekay Tankers Ltd. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023 Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €36.85, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 241% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.64 per share. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: US$4.99 (vs US$0.41 loss in 1Q 2022) First quarter 2023 results: EPS: US$4.99 (up from US$0.41 loss in 1Q 2022). Revenue: US$394.7m (up 127% from 1Q 2022). Net income: US$169.4m (up US$183.3m from 1Q 2022). Profit margin: 43% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • May 12
Teekay Tankers Ltd. (NYSE:TNK) announces an Equity Buyback for $100 million worth of its shares. Teekay Tankers Ltd. (NYSE:TNK) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its Class A common shares. Announcement • May 05
Teekay Tankers Ltd. to Report Q1, 2023 Results on May 11, 2023 Teekay Tankers Ltd. announced that they will report Q1, 2023 results Pre-Market on May 11, 2023 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €35.05, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €37.20, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €46.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 307% over the past three years. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$6.74 (vs US$7.16 loss in FY 2021) Full year 2022 results: EPS: US$6.74 (up from US$7.16 loss in FY 2021). Revenue: US$1.06b (up 96% from FY 2021). Net income: US$229.1m (up US$471.5m from FY 2021). Profit margin: 22% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Announcement • Feb 17
Teekay Tankers Ltd. to Report Q4, 2022 Results on Feb 23, 2023 Teekay Tankers Ltd. announced that they will report Q4, 2022 results Pre-Market on Feb 23, 2023 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €32.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €24.40, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 18% over the past three years. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$2.00 (vs US$1.54 loss in 3Q 2021) Third quarter 2022 results: EPS: US$2.00 (up from US$1.54 loss in 3Q 2021). Revenue: US$279.4m (up 141% from 3Q 2021). Net income: US$68.1m (up US$120.1m from 3Q 2021). Profit margin: 24% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Oct 27
Teekay Tankers Ltd. to Report Q3, 2022 Results on Nov 03, 2022 Teekay Tankers Ltd. announced that they will report Q3, 2022 results Pre-Market on Nov 03, 2022 Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: US$0.84 (vs US$3.83 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.84 (up from US$3.83 loss in 2Q 2021). Revenue: US$242.4m (up 96% from 2Q 2021). Net income: US$28.5m (up US$157.7m from 2Q 2021). Profit margin: 12% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is expected to shrink by 29% compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2022 earnings released: US$0.41 loss per share (vs US$0.63 loss in 1Q 2021) First quarter 2022 results: US$0.41 loss per share (up from US$0.63 loss in 1Q 2021). Revenue: US$174.0m (up 22% from 1Q 2021). Net loss: US$13.9m (loss narrowed 35% from 1Q 2021). Over the next year, revenue is expected to shrink by 30% compared to a 52% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • May 07
Teekay Tankers Ltd., Annual General Meeting, Jun 15, 2022 Teekay Tankers Ltd., Annual General Meeting, Jun 15, 2022, at 10:30 Pacific Standard Time. Location: Suite 2100, Bentall 5 550 Burrard Street Vancouver British Columbia Canada Agenda: To elect five directors to Teekay Tankers Ltd.’s Board of Directors for a term of one year; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement of the meeting. Announcement • May 05
Teekay Tankers Ltd. to Report Q1, 2022 Results on May 12, 2022 Teekay Tankers Ltd. announced that they will report Q1, 2022 results on May 12, 2022 Reported Earnings • Apr 08
Full year 2021 earnings released: US$7.16 loss per share (vs US$2.59 profit in FY 2020) Full year 2021 results: US$7.16 loss per share (down from US$2.59 profit in FY 2020). Revenue: US$542.4m (down 39% from FY 2020). Net loss: US$242.4m (down 378% from profit in FY 2020). Over the next year, revenue is expected to shrink by 41% compared to a 40% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$7.16 loss per share (down from US$2.59 profit in FY 2020). Revenue: US$542.4m (down 39% from FY 2020). Net loss: US$242.4m (down 378% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 42% compared to a 75% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 25
Teekay Tankers Ltd. Reports Write-Down for the Fourth Quarter Ended December 31, 2021 Teekay Tankers Ltd. reported Write-down for the fourth quarter ended December 31, 2021. Write-down and loss on sale of assets for the three months and year ended December 31, 2021 includes a write-down of $4.6 million relating to one Aframax tanker and one Suezmax tanker, which are classified as held for sale and were written down to their estimated sales prices. Announcement • Feb 18
Teekay Tankers Ltd. to Report Q4, 2021 Results on Feb 24, 2022 Teekay Tankers Ltd. announced that they will report Q4, 2021 results Pre-Market on Feb 24, 2022 Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$1.54 loss per share (vs US$1.32 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$115.9m (down 32% from 3Q 2020). Net loss: US$52.1m (loss widened 17% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$3.83 loss per share (vs US$2.91 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$123.4m (down 50% from 2Q 2020). Net loss: US$129.1m (down 232% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Teekay Tankers Ltd. Announces Impairment Results for the Second Quarter Ended June 30, 2021 Teekay Tankers Ltd. announced impairment results for the second quarter ended June 30, 2021. For the quarter, the company reported write-down of assets of $86,686,000 against $185,000 a year ago. Reported Earnings • May 14
First quarter 2021 earnings released: US$0.63 loss per share (vs US$3.17 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$142.7m (down 58% from 1Q 2020). Net loss: US$21.4m (down 120% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS US$2.59 (vs US$1.23 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$886.4m (down 6.1% from FY 2019). Net income: US$87.3m (up 111% from FY 2019). Profit margin: 9.9% (up from 4.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Teekay Tankers Ltd. to Report Q4, 2020 Results on Feb 25, 2021 Teekay Tankers Ltd. announced that they will report Q4, 2020 results Pre-Market on Feb 25, 2021 Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 21% share price gain to US$11.10, the stock is trading at a trailing P/E ratio of 2.1x, up from the previous P/E ratio of 1.8x. This compares to an average P/E of 14x in the Oil and Gas industry in Europe. Total returns to shareholders over the past three years are 45%. Is New 90 Day High Low • Feb 13
New 90-day high: €10.70 The company is up 25% from its price of €8.55 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.53 per share. Announcement • Jan 28
Teekay Tankers Ltd.(NYSE:TNK) dropped from Russell 2000 Dynamic Index Teekay Tankers Ltd.(NYSE:TNK) dropped from Russell 2000 Dynamic Index Announcement • Dec 23
Teekay Tankers Ltd.(NYSE:TNK) dropped from PHLX Oil Service Sector Index Teekay Tankers Ltd. has been removed from PHLX Oil Service Sector Index . Reported Earnings • Nov 26
Third quarter 2020 earnings released: US$1.32 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$170.2m (down 9.2% from 3Q 2019). Net loss: US$44.4m (loss widened 124% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2020 earnings released: US$1.32 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$170.2m (down 6.6% from 3Q 2019). Net loss: US$44.4m (loss widened 124% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Teekay Tankers Ltd. to Report Q3, 2020 Results on Nov 12, 2020 Teekay Tankers Ltd. announced that they will report Q3, 2020 results on Nov 12, 2020 Is New 90 Day High Low • Oct 20
New 90-day low: €8.64 The company is down 27% from its price of €11.84 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.10 per share. Is New 90 Day High Low • Sep 23
New 90-day low: €9.35 The company is down 16% from its price of €11.20 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 54% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.58 per share. Announcement • Aug 06
Teekay Tankers Ltd. to Report Q2, 2020 Results on Aug 13, 2020 Teekay Tankers Ltd. announced that they will report Q2, 2020 results on Aug 13, 2020 