TEEKAY TANKERS LTD.
TNK · Water Transportation · EDGAR filings ↗
Reference price $71.53 — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B74Crude/product tanker owner-operator with an exceptionally strong balance sheet and high margins, offset by cyclical revenue decline.
Strengths
- Top-decile liquidity and coverage (current ratio 8.0, interest coverage 107x, both 100th pct) — heavily deleveraged
- Strong operating (83rd pct) and gross (78th pct) margins plus positive FCF and large $830M cash position
Risks
- Revenue down 22.6% (6th pct) on softer rates and vessel sales; spot-market cyclicality
- Aging-fleet renewal capex needs and majority control by Teekay create governance/alignment risk
Notable findings
- Strong balance sheetStrong balance sheet — $831M cash & investments
- China exposureGeopolitical Conflicts Geopolitical conflicts and related sanctions, export controls and price caps have significantly affected us and our industry, including by disrupting energy supply chains and
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$502,948, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
66.7%
Operating margin
32.5%
Net margin
36.9%
Return on equity
17.2%
Return on assets
15.7%
Revenue growth (QoQ)
38.3%
Net-income growth
-13.0%
Interest coverage
106.7×
Current ratio
8.0×
Free cash flow
$116M
EBITDA
$396M
Tangible book value
$2.0B
Cash & investments
$831M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Semple Alan | Grant | 1.9K | $71.66 |
| 2026-06-08 | Krediet Rudolph | Grant | 1.9K | $71.66 |
| 2026-06-08 | Locke Simon Heidi | Grant | 1.9K | $71.66 |
| 2026-06-08 | Karlshoej Poul Ulrich | Grant | 1.9K | $71.66 |
| 2026-06-08 | Semple Alan | Grant | 1.9K | $71.66 |
| 2026-06-08 | Locke Simon Heidi | Grant | 1.9K | $71.66 |
| 2026-06-08 | Krediet Rudolph | Grant | 1.9K | $71.66 |
| 2026-06-08 | Schellenberg David | Option exercise | 7.0K | $8.00 |
| 2026-06-08 | Schellenberg David | Sell | 7.0K | $71.53 |
| 2026-06-02 | Kapoor Rohit (RK2) | Option exercise | 2.0K | — |
| 2026-06-02 | Kapoor Rohit (RK2) | Option exercise | 35 | — |
| 2026-06-02 | Seidelin Mikkel | Option exercise | 4.9K | — |
| 2026-06-02 | Seidelin Mikkel | Option exercise | 87 | — |
| 2026-06-02 | Seidelin Mikkel | Tax withheld | 2.3K | — |
| 2026-06-02 | Speers Brody | Option exercise | 2.5K | — |
| 2026-06-02 | Speers Brody | Option exercise | 44 | — |
| 2026-06-02 | Speers Brody | Tax withheld | 1.4K | $70.59 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-13 | 2025-12-31 | 0001419945-26-000007 ↗ |
| 20-F | 2025-03-14 | 2024-12-31 | 0001419945-25-000004 ↗ |
| 20-F | 2024-03-15 | 2023-12-31 | 0001628280-24-011401 ↗ |
| 20-F | 2023-03-31 | 2022-12-31 | 0001628280-23-010071 ↗ |
| 20-F | 2022-04-06 | 2021-12-31 | 0001628280-22-008561 ↗ |
| 20-F | 2021-04-01 | 2020-12-31 | 0001628280-21-006333 ↗ |
| 20-F | 2020-04-15 | 2019-12-31 | 0001628280-20-004971 ↗ |
| 20-F | 2019-04-10 | 2018-12-31 | 0001628280-19-004116 ↗ |
| 20-F | 2018-04-24 | 2017-12-31 | 0001628280-18-004935 ↗ |
| 20-F | 2017-04-26 | 2016-12-31 | 0001628280-17-004307 ↗ |
| 20-F | 2016-04-27 | 2015-12-31 | 0001193125-16-558999 ↗ |
| 20-F | 2015-04-28 | 2014-12-31 | 0001193125-15-152402 ↗ |