Teekay Tankers Ltd. (Form 6-K) - Q3 2025 Investor Summary
Financial Highlights (9 Months Ended Sept 30, 2025):
- Net Income: $230.7M (down from $321.5M in 2024).
- Diluted EPS: $6.64 (down from $9.26).
- Total Revenues: $693.5M (down from $971.0M), driven by lower spot TCE rates and vessel sales.
- Cash Position: Cash, equivalents, and restricted cash increased to $765.5M (up from $515.6M in Dec 2024), boosted by vessel sales.
Key Business Events & Strategy:
- Significant asset activity: Sold 9 tankers (7 Suezmax, 2 Aframax/LR2) resulting in a **$77.9M