Teekay Tankers Ltd (NYSE:TNK)

Q2 2026 Teekay Tankers Ltd Earnings Call Transcript

Jul 30, 2026 / 03:00 PM GMT

Release Date Price: $77.36 (-1.05%)

Transcript

Key Points

Positve

Record quarterly adjusted net income of $194 million, surpassing the previous record set in Q1 2023.
Spot tanker rates reached all-time highs, averaging $109,200/day for Suezmax and $74,100/day for Aframax/LR2 fleets.
Generated approximately $200 million in free cash flow from operations, boosting cash position to over $1.2 billion with no debt.
Executing fleet renewal strategy by selling older vessels at high prices and acquiring modern vessels, lowering average fleet age.
Low free cash flow breakeven of approximately $9,700 per day provides significant operating leverage and cash generation potential.

Negative

Geopolitical disruptions, including attacks in the Strait of Hormuz, Red Sea, and Black Sea, create operational risks and uncertainty.
Chinese crude oil imports fell to a 10-year low in June, reducing demand from a key market.
High asset prices for modern vessels make fleet renewal more expensive and require disciplined capital allocation.
Aframax sector experienced rate softening mid-quarter due to tonnage buildup and lack of arbitrage opportunities.
Dry docking commitments in Q3 will result in 260 days of off-hire, temporarily reducing fleet availability and revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TNK.N - Teekay Tankers Ltd
Q2 2026 Teekay Tankers Ltd Earnings Call
Jul 30, 2026 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Welcome to the TK Group Second Quarter 2026 Earnings Results Conference Call.

During the call, all participants will be in a listen-only mode.

Afterwards, you will be invited to participate in a question-and-answer session.

At that time, if you have a question, participants will be asked to press *1 to register for a question.

For assistance during the call, please press *0 on your touchtone phone.

As a reminder, this call is being recorded.

Now, for opening remarks and introductions, I would like to turn the call over to the company. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.