Teekay Tankers Q2 FY26 GAAP net income rises to USD 225.9 million; revenue climbs to USD 379.51 million
TNK•Q2 FY26 results
- Teekay Tankers posted GAAP net income of USD 225.9 million, or USD 6.49 a share, in Q2 2026.
- Revenue climbed 32.66% to USD 379.51 million versus Q1 2026, while operating income rose 50.32% to USD 221.97 million.
- Adjusted EBITDA (non-GAAP) increased 45.52% to USD 205.8 million versus Q1, while adjusted net income (non-GAAP) rose 50.95% to USD 193.62 million.
Rate performance and dividend
- Spot TCE rates hit records, averaging USD 109,200 per day for Suezmax and USD 74,100 per day for Aframax/LR2.
- Management cited the effective closure of the Strait of Hormuz; the board declared a USD 0.25 quarterly dividend payable in August.
