0EAQ.L
Teekay Tankers Ltd
Q2 2025 Report
Teekay Tankers Ltd (0EAQ.L) Q2 2025 Financial Results: Steering Amidst Volatility...
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Executive Summary
Teekay Tankers Ltd (0EAQ.L) faced significant challenges in Q1 2025, as evidenced by a notable decline in revenue and profitability metrics. The company reported revenues of $231.64 million, representing a staggering 31.54% decrease year-over-year, and net income of $76.03 million, down 47.48% from the prior year. This downturn is primarily attributed to fluctuating market conditions and diminished demand for tanker freight, reflecting broader issues within the oil and gas transportation sector. Despite these challenges, Teekay's robust cash position, with cash equivalents totaling $675.42 million, provides a safety net for future strategic opportunities and recovery efforts.
Key Performance Indicators
Revenue
231.64M
QoQ: -34.03% | YoY:-31.54%
Gross Profit
45.96M
19.84% margin
QoQ: -31.85% | YoY:-67.52%
Operating Income
74.41M
QoQ: -13.78% | YoY:-41.71%
Net Income
76.03M
QoQ: -18.34% | YoY:-47.48%
EPS
2.20
QoQ: -7.56% | YoY:-47.99%
Revenue Trend
Margin Analysis
Key Insights
Revenue declined sharply to $231.64 million (-31.54% YoY, -34.03% QoQ), with a gross profit of $45.96 million, reflecting a gross profit margin of 19.84%, a significant drop from 41.82% in the previous year. Operating income was reported at $74.41 million, marking a 41.71% decrease YoY. Net income contracted to $76.03 million with an EPS of $2.20 down 47.99% YoY. Additionally, the company's current ratio stood impressively at 8.05, indicating strong liquidity and the ability to cover short-...