TNK has been in the news 500% more than usual
Aug 04, 2024, 2:32 PM
-2.13%
What does TNK do
Teekay Tankers Ltd. operates a fleet of about 45 double-hull tankers, including Suezmax, Aframax, and LR2 tankers, providing crude oil and refined petroleum transport services. The company also offers comprehensive vessel operation services under contracts with the Australian Government.
TNK has been in the news recently: Teekay Tankers reported Q2 2024 revenue of $296.6 million and net income of $107 million, both lower than Q2 2023, resulting in a profit margin of 36%. The company will pay a $0.25 dividend on August 23, yielding 5.2%, and expects a 10.7% decrease in earnings per share, but earnings are sufficient to cover the dividend payout.
📡️ Energy
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