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 reported a challenging Q3 2024, with revenue falling to $243.3 million, a decline of 14.90% year-over-year and 17.97% sequentially. The gross profit also decreased significantly by 24.91% YoY to $69.3 million. The company attributed these declines to softer crude oil shipping rates and increased competition in the market. Despite the downturn, Teekay remains committed to managing costs effectively and optimizing fleet operations as it navigates these challenges.
Net income for the quarter totaled $58.8 million, reflecting a net income margin of 24.2%, a decrease of 27.72% YoY and 45.02% QoQ. EPS showed a similar trend, reported at $1.70, down from previous quarters. Management is optimistic about controlling expenses but recognizes that market conditions may continue to influence revenue and profit margins in the near term.
Key Performance Indicators
Revenue
243.28M
QoQ: -17.97% | YoY:-14.90%
Gross Profit
69.29M
28.48% margin
QoQ: -40.31% | YoY:-24.91%
Operating Income
52.47M
QoQ: -48.63% | YoY:-35.68%
Net Income
58.82M
QoQ: -45.02% | YoY:-27.72%
EPS
1.70
QoQ: -45.34% | YoY:-28.57%
Revenue Trend
Margin Analysis
Key Insights
**Revenue:** $243.3 million (YoY: -14.90%, QoQ: -17.97%) **Gross Profit:** $69.3 million (YoY: -24.91%, QoQ: -40.31%) **Operating Income:** $52.5 million (YoY: -35.68%, QoQ: -48.63%) **Net Income:** $58.8 million (YoY: -27.72%, QoQ: -45.02%) **EPS:** $1.70 (YoY: -28.57%, QoQ: -45.34%) **Operating Cash Flow:** $108.3 million Despite the drops in revenue and profit margins, Teekay maintained a strong liquidity position with cash of $463.5 million at the end of the quarter, reflecting a...