Teekay Tankers Ltd. Q3 2025 Financial Results and Fleet Update

Teekay Tankers Ltd. reported its financial results for the third quarter ended September 30, 2025. The company achieved a net income of $92.1 million, compared to $61.5 million in the same period last year. Total revenues for the quarter were $229.0 million, down from $274.4 million in Q3 2024. The decrease in revenue was primarily due to lower voyage charter revenues, which fell to $189.2 million from $231.7 million in the prior year. The company's fleet consisted of 41 vessels, including six chartered-in vessels. During the quarter, Teekay completed the sale of three Suezmax tankers, recognizing a gain of $25.9 million. The company also acquired a VLCC tanker from its joint venture in August 2025. Teekay declared a quarterly cash dividend of $0.25 per share, payable in November 2025. The company remains focused on optimizing its fleet and capturing opportunities in the tanker spot market while managing risks through fixed-rate time charters.