Teekay Tankers Ltd. Files Q3 2025 6-K Report

TL;DR

TK filed its Q3 2025 6-K, check it for tanker ops update.

AI Summary

Teekay Tankers Ltd. filed a Form 6-K on October 31, 2025, reporting on its quarterly period ended September 30, 2025. The company, incorporated in Bermuda, operates in the water transportation sector and is listed under SEC file number 001-33867.

Why It Matters

This filing provides an update on Teekay Tankers Ltd.'s financial and operational status for the third quarter of 2025, which is crucial for investors to assess the company's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly filing (6-K) that provides standard operational and financial information, not indicating any immediate or unusual risks.

Key Players & Entities

• TEEKAY TANKERS LTD. (company) — Registrant
• 001-33867 (company) — SEC file number
• September 30, 2025 (date) — Quarterly period end date
• October 31, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $2.66 — (note 18) - Basic earnings per share $2.66 $1.78 $6.67 $9.35 - Diluted earnings p
• $1.78 — 18) - Basic earnings per share $2.66 $1.78 $6.67 $9.35 - Diluted earnings per sha
• $6.67 — - Basic earnings per share $2.66 $1.78 $6.67 $9.35 - Diluted earnings per share $2.
• $9.35 — ic earnings per share $2.66 $1.78 $6.67 $9.35 - Diluted earnings per share $2.64 $1.
• $2.64 — .67 $9.35 - Diluted earnings per share $2.64 $1.77 $6.64 $9.26 - Cash dividends dec
• $1.77 — .35 - Diluted earnings per share $2.64 $1.77 $6.64 $9.26 - Cash dividends declared
• $6.64 — Diluted earnings per share $2.64 $1.77 $6.64 $9.26 - Cash dividends declared $0.25
• $9.26 — ed earnings per share $2.64 $1.77 $6.64 $9.26 - Cash dividends declared $0.25 $0.25
• $0.25 — $6.64 $9.26 - Cash dividends declared $0.25 $0.25 $1.75 $2.75 Weighted-average nu
• $1.75 — - Cash dividends declared $0.25 $0.25 $1.75 $2.75 Weighted-average number of Clas
• $2.75 — sh dividends declared $0.25 $0.25 $1.75 $2.75 Weighted-average number of Class A an
• $4.5 million — ccounts receivable, net of allowance of $4.5 million (2024 - $5.3 million) 68,345 82,440 As
• $5.3 million — et of allowance of $4.5 million (2024 - $5.3 million) 68,345 82,440 Assets held for sale (n
• $501.6 million — cost, less accumulated depreciation of $501.6 million (2024 - $570.9 million) (notes 9 and 1
• $570.9 million — depreciation of $501.6 million (2024 - $570.9 million) (notes 9 and 14) 1,041,105 1,132,109

Filing Documents

• tnk6-kq3x25.htm (6-K) — 941KB
• chart-40505922a7de41bc985a.jpg (GRAPHIC) — 87KB
• 0001419945-25-000023.txt ( ) — 1063KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION PAGE

Financial Statements

Item 1. Financial Statements Unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2025 and 2024 1 Unaudited Consolidated Balance Sheets as at September 30, 2025 and December 31, 2024 2 Unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 3 Unaudited Consolidated Statements of Changes in Equity for the three and nine months ended September 30, 2025 and 2024 4 Notes to the Unaudited Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 20

OTHER INFORMATION

PART II OTHER INFORMATION 35

SIGNATURES

SIGNATURES 36 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

– FINANCIAL STATEMENTS

ITEM 1 – FINANCIAL STATEMENTS TEEKAY TANKERS LTD. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (notes 1 and 3) (in thousands of U.S. Dollars, except share and per share amounts) Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 $ $ $ $ Voyage charter revenues (note 4) 189,163 231,665 568,509 848,580 Time-charter revenues (note 4) 2,085 8,184 12,949 18,355 Other revenues (note 4) 37,775 34,589 112,070 104,050 Total revenues 229,023 274,438 693,528 970,985 Voyage expenses (82,708) (93,984) (248,213) (310,612) Vessel operating expenses (61,031) (66,643) (182,698) (195,383) Charter hire expenses (note 10) (9,690) (18,465) (35,717) (57,651) Depreciation and amortization (20,932) (23,445) (65,116) (69,136) General and administrative expenses (11,146) (10,481) (35,363) (36,870) Gain on sale and write-down of assets (note 14) 25,890 — 77,948 11,601 Restructuring charges (note 15) — (5,632) (5,568) (5,632) Income from operations 69,406 55,788 198,801 307,302 Interest expense (789) (828) (2,339) (6,674) Interest income 7,569 6,137 20,994 17,887 Equity income (loss) and gain on distribution from equity-accounted investment (note 6) 8,728 (121) 9,617 2,152 Other income (note 16) 4,834 1,014 419 2,278 Net income before income tax 89,748 61,990 227,492 322,945 Income tax recovery (expense) (note 17) 2,331 (457) 3,233 (1,399) Net income 92,079 61,533 230,725 321,546 Per common share amounts (note 18) - Basic earnings per share $2.66 $1.78 $6.67 $9.35 - Diluted earnings per share $2.64 $1.77 $6.64 $9.26 - Cash dividends declared $0.25 $0.25 $1.75 $2.75 Weighted-average number of Class A and Class B common shares outstanding ( note 18) - Basic 34,669,842 34,496,757 34,578,409 34,381,247 - Diluted 34,831,261 34,765,008 34,746,394 34,706,817 Related party transactions (note 13) The accompanying notes are an integral part of the unaudited consolidated financial statements. 1

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View this 6-K filing on SEC EDGAR