Teekay Tankers releases transcript of Teekay Group Q2 2026 earnings call

TNK•2026-08-01

Teekay Tankers’ Q2 2026 earnings call drew CEO Kenneth Hvid, CFO Brody Speers, VP Ryan Hamilton, and Director Christian Waldegrave.
GAAP net income was $226 million ($6.49/share); adjusted net income was $194 million ($5.56/share), a company record.
Q2 spot rates averaged $109,200/day for Suezmax and $74,100/day for Aframax LR2; free cash flow from operations was about $200 million.
Quarter-end cash exceeded $1.2 billion; the company had no debt. It also sold a 2009-built Suezmax for $53.5 million, booking a $32.3 million gain.
Management avoided the Strait of Hormuz, the Red Sea, and some Black Sea terminals, citing escalating attacks across key trade regions.

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