Teekay Tankers made $195 million last quarter and expects record earnings for the next quarter.

Nov 12, 2026, 1:15 PM ETResultsRead the original at Benzinga

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Teekay Tankers reported $195 million in third-quarter profit and booked fourth-quarter rates of $272,000 and $208,300 per day. These point to record results, backed by over $1.4 billion in cash and no debt despite new ship spending.

TNK · Teekay Tankers

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The AI's read

Those rates can bring in cash quickly because the company has no debt and its ships earn money when spot prices rise. It generated about $179 million in free cash flow from operations and ended the quarter with over $1.4 billion in cash. New ship orders and a $49 million MR tanker purchase add spending, but the cash balance and booked rates support the positive reading.

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