Press Releases July 29, 2026 04:05 PM

Teekay Tankers Ltd. Reports Second Quarter 2026 Results and Declares Dividend

Teekay Tankers Announces Strong Q2 2026 Results and Declares Quarterly Dividend of $0.25 per Share

By Hana Yamamoto
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Teekay Tankers Ltd. reported its financial results for the second quarter ending June 30, 2026 and declared a fixed quarterly cash dividend of $0.25 per share. The dividend will be paid on August 21, 2026 to shareholders of record as of August 10, 2026. The company operates a fleet of 34 double-hull tankers and manages additional vessels, serving various customers including the Australian Government and energy companies, while also operating a ship-to-ship transfer business in the U.S. Gulf and Caribbean regions.

Teekay Tankers Ltd. Reports  Second Quarter 2026 Results and Declares Dividend
TNK
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Key Points

  • Teekay Tankers has a diverse fleet of 34 double-hull tankers including 14 Suezmax and 18 Aframax/LR2 tankers plus additional chartered vessels.
  • The company declared a fixed quarterly dividend of $0.25 per share evidencing strong cash flow and shareholder returns.
  • Teekay Tankers operates in multiple maritime segments including spot market trading, time charters, ship-to-ship transfers, and government contracts, highlighting diversified revenue streams.

HAMILTON, Bermuda, July 29, 2026 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the three months ended June 30, 2026 and announced that its Board of Directors has declared its fixed quarterly cash dividend of $0.25 per share for the quarter ended June 30, 2026. The cash dividend is payable on August 21, 2026 to all shareholders of record as at August 10, 2026.

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 14 Suezmax tankers, 18 Aframax / LR2 tankers, and two Suezmax tanker newbuildings), and also has three time chartered-in oil 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: investor.relations@teekay.com
Website: www.teekay.com


Risks

  • Volatility in spot tanker markets could impact revenues due to fluctuating charter rates and demand cycles.
  • Operational risks related to vessel management, including regulatory compliance and marine accidents, could affect profitability.
  • Geopolitical risks and changes in global oil demand could impact tanker utilization and fleet deployment, thus influencing earnings.

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