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Teekay Tankers Ltd., together with its subsidiaries, provides marine transportation services to oil industries in Bermuda and internationally. The company operates in two segments: Tankers and Marine Servies. It offers voyage and time charter services; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. In addition, the company is involved in the vessels management, procurement, and equipment rental businesses. It serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. The company was incorporated in 2007 and is based in Hamilton, Bermuda.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 347.26M | 404.07M | 532.48M | 229.62M | -244.30M |
| Net income | 351.19M | 403.67M | 519.89M | 229.09M | -242.37M |
| Selling general administrative | 46.57M | 46.60M | 43.67M | 41.77M | 43.72M |
| Selling and marketing expenses | - | - | 2.60M | - | - |
| Gross profit | 261.58M | 394.30M | 581.67M | 290.65M | -58.01M |
| Reconciled depreciation | 86.63M | 93.58M | 97.38M | 99.03M | 106.08M |
| Ebit | 350.16M | 411.54M | 560.20M | 255.95M | -194.09M |
| Ebitda | 436.79M | 505.13M | 657.75M | 352.14M | -11.38M |
| Depreciation and amortization | 86.63M | 93.58M | 97.55M | 96.19M | 182.71M |
| Operating income | 215.01M | 380.14M | 546.76M | 255.95M | -194.09M |
| Other operating expenses | 736.79M | 849.19M | 926.93M | 814.23M | 644.09M |
| Interest expense | 2.90M | 7.47M | 27.71M | 35.74M | 35.03M |
| Tax provision | -3.92M | 0.41M | 8.78M | 0.53M | -1.93M |
| Interest income | 29.69M | 24.08M | 8.04M | 1.34M | 0.12M |
| Net interest income | 26.79M | 16.60M | -25.19M | -34.40M | -34.91M |
| Income tax expense | -3.92M | 0.41M | 12.59M | 0.53M | -1.93M |
| Total revenue | 951.80M | 1229.34M | 1473.70M | 1063.11M | 542.37M |
| Total operating expenses | 46.57M | 14.16M | 34.90M | 41.77M | 43.72M |
| Cost of revenue | 690.22M | 835.04M | 892.03M | 772.46M | 600.38M |
| Total other income expense net | 132.25M | 23.93M | -14.28M | -26.33M | -50.21M |
| Net income from continuing ops | 351.19M | 403.67M | 548.40M | 229.09M | -242.37M |
| Net income applicable to common shares | 351.19M | 403.67M | 519.89M | 229.09M | -242.37M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 2241.67M | 1973.97M | 1941.67M | 1783.65M | 1618.75M |
| Intangible assets | 2.43M | 0.31M | 0.66M | 1.05M | 1.49M |
| Other current assets | 43.85M | 22.35M | 27.71M | 16.05M | 55.99M |
| Total liab | 198.06M | 217.42M | 391.51M | 713.65M | 780.34M |
| Total stockholder equity | 2043.62M | 1756.55M | 1550.16M | 1070.01M | 838.41M |
| Other current liab | 9.53M | 79.12M | 77.74M | 3.61M | 1.81M |
| Common stock | 1314.64M | 1309.49M | 1305.76M | 1303.61M | 1301.10M |
| Capital stock | 1314.64M | 1309.49M | 1305.76M | 1303.61M | 1301.10M |
| Retained earnings | 728.98M | 447.06M | 220.02M | -233.60M | -462.69M |
| Other liab | - | - | - | 44.02M | 46.14M |
| Good will | 2.43M | 2.43M | 2.43M | 2.43M | 2.43M |
| Other assets | 121.15M | 23.02M | 21.35M | 8.21M | 5.22M |
| Cash | 831.26M | 511.89M | 391.46M | 180.51M | 50.57M |
| Cash and equivalents | 830.57M | 511.89M | 391.46M | 180.51M | 50.57M |
| Total current liabilities | 135.29M | 132.04M | 168.03M | 170.17M | 157.09M |
| Current deferred revenue | - | 2.50M | - | - | 10.94M |
| Net debt | -776.05M | -449.60M | -166.79M | 395.69M | 603.46M |
| Short term debt | 21.11M | 24.88M | 56.40M | 76.75M | 76.92M |
| Short long term debt | - | - | - | - | 40.50M |
| Short long term debt total | 55.22M | 62.29M | 224.68M | 576.20M | 654.03M |
| Other stockholder equity | 2043.62M | - | 24.37M | 1070.01M | 838.41M |
| Property plant equipment | 1038.64M | 1184.27M | 1234.52M | 1296.26M | 1351.26M |
| Total current assets | 1079.46M | 747.94M | 666.98M | 459.51M | 245.40M |
| Long term investments | 0.00M | 16.00M | 15.73M | 16.20M | 12.95M |
| Net tangible assets | - | - | - | 1066.53M | 834.49M |
| Short term investments | 22.00M | 22.44M | 0.00M | - | - |
| Net receivables | 152.94M | 145.28M | 194.58M | 202.12M | 89.81M |
| Long term debt | - | - | - | 0.00M | 304.79M |
| Inventory | 29.41M | 45.99M | 53.22M | 60.83M | 49.03M |
| Accounts payable | 104.65M | 25.55M | 33.89M | 89.82M | 67.42M |
| Accumulated other comprehensive income | - | - | 24.37M | - | - |
| Non currrent assets other | 121.15M | 18.79M | 21.35M | 8.21M | 5.22M |
| Non current assets total | 1162.22M | 1226.03M | 1274.69M | 1324.14M | 1373.35M |
| Capital lease obligations | 46.38M | 62.29M | 215.91M | 576.20M | 308.74M |
| Long term debt total | 0.00M | 0.00M | 119.08M | 472.60M | 572.24M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 1.90M | -5.11M | -5.99M | 51.22M | 38.14M |
| Change to liabilities | - | - | - | 0.00M | -17.29M |
| Total cashflows from investing activities | 78.34M | -5.11M | 17.26M | 51.22M | 38.14M |
| Net borrowings | 0.00M | -142.17M | -398.31M | -112.03M | 24.31M |
| Total cash from financing activities | -68.53M | -343.40M | -464.75M | -113.05M | 24.08M |
| Change to operating activities | - | - | - | -112.22M | -50.12M |
| Net income | 351.19M | 403.67M | 513.67M | 229.09M | -242.37M |
| Change in cash | 315.70M | 123.41M | 178.38M | 131.43M | -47.22M |
| Begin period cash flow | 515.56M | 392.15M | 213.78M | 55.93M | 103.15M |
| End period cash flow | 831.26M | 515.56M | 392.15M | 187.36M | 55.93M |
| Total cash from operating activities | 305.89M | 471.91M | 626.07M | 193.26M | -109.44M |
| Depreciation | 86.63M | 93.58M | 97.55M | 99.03M | 106.08M |
| Other cashflows from investing activities | -99.02M | 86.44M | 3.90M | 66.65M | 1.50M |
| Dividends paid | 69.00M | 102.82M | 59.52M | - | - |
| Change to inventory | 7.97M | 6.13M | 6.15M | -11.80M | -17.62M |
| Change to account receivables | 5.26M | 50.06M | 33.03M | -114.04M | -22.75M |
| Sale purchase of stock | 1.72M | 2.90M | - | - | - |
| Other cashflows from financing activities | -1.26M | -101.31M | -2.39M | 421.09M | 411.17M |
| Change to netincome | - | - | - | -22.63M | 76.96M |
| Capital expenditures | 193.25M | 75.34M | 10.20M | 15.43M | 21.45M |
| Change in working capital | -16.80M | 43.15M | 22.75M | -112.22M | -50.12M |
| Stock based compensation | - | - | 2.90M | - | 105.04M |
| Other non cash items | -115.12M | -62.76M | -18.62M | -22.50M | -24.97M |
| Free cash flow | 112.64M | 396.57M | 615.87M | 177.84M | -130.89M |
Sector: Energy Industry: Oil & Gas Midstream
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TNK Teekay Tankers Ltd |
2.91 3.40% |
88.61 | 5.85 | 8.76 | 2.98 | 1.46 | 1.98 | 3.33 |
| EBBNF Enbridge Inc |
-0.10 0.40% |
24.90 | 11.23 | - | 1.48 | - | - | - |
| EPD Enterprise Products Partners LP |
0.03 0.08% |
37.16 | 13.38 | 12.24 | 1.43 | 2.76 | 2.01 | 11.37 |
| ENB Enbridge Inc |
0.20 0.42% |
47.96 | 32.07 | 17.33 | 1.67 | 1.73 | 2.98 | 10.28 |
| ET Energy Transfer LP |
-0.04 0.18% |
19.39 | 14.71 | 12.67 | 0.68 | 2.09 | 1.33 | 8.25 |
Teekay Tankers Ltd., together with its subsidiaries, provides marine transportation services to oil industries in Bermuda and internationally. The company operates in two segments: Tankers and Marine Servies. It offers voyage and time charter services; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. In addition, the company is involved in the vessels management, procurement, and equipment rental businesses. It serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. The company was incorporated in 2007 and is based in Hamilton, Bermuda.
| Name | Title | Year Born |
|---|---|---|
| Mr. Kevin J. Mackay | Pres & CEO | 1969 |
| Mr. Stewart Andrade | Chief Financial Officer | 1973 |
| Mr. Jim Basterfield | Head of HR | NA |
| Ms. Edith Robinson | Corp. Sec. | 1965 |
| Mr. Christian Waldegrave | Director of Research & Commercial Performance | NA |
| Mr. Kenneth Hvid | CEO, President & Director | 1968 |
| Mr. Brody Speers | CFO & Treasurer | 1984 |
| Ms. Anne Elizabeth Liversedge | Company Secretary & General Counsel | 1970 |
| Mr. Mikkel Seidelin | Chief Commercial Officer | 1983 |
| Mr. Rohit Kapoor | Managing Director of Singapore & Head of Ship Management | 1973 |
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