Teekay Tankers Reports $82.1 Million in Fourth Quarter Earnings
Hamilton, Bermuda - Teekay Tankers Ltd. (TNK) reported earnings of $82.1 million in its fourth quarter, resulting in earnings per share of $2.37. Adjusted for non-recurring gains, earnings came in at $1.50 per share.
Revenue for the quarter totaled $258.4 million, with an adjusted revenue figure of $163.4 million. For the full year, the company reported a net profit of $403.7 million, or $11.63 per share, on revenue of $823.8 million.
Teekay Tankers is an oil and gas shipping company based in Hamilton, Bermuda.