Teekay Tankers Ltd.
TNK Energy Oil & Gas Midstream
Teekay Tankers Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $951.8 million, down 22.6% from fiscal 2024. In the quarter to June 2026, revenue grew 63.0%, EPS grew 258.6% and free cash flow grew 278.9%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
95.78 | 74.05 | 59.98 | 92.47 | 100.01 | 52.79 | 186.31 | 392.16 | 538.00 | 853.26 |
Receivables |
107.10 | 83.94 | 113.58 | 96.35 | 41.44 | 45.31 | 119.19 | 124.56 | 87.67 | 85.59 |
Inventory |
— | — | 23.18 | 49.79 | 34.61 | 49.03 | 60.83 | 53.22 | 45.99 | 29.41 |
Other current assets |
33.80 | 19.00 | 17.94 | 172.33 | 59.61 | 88.05 | 82.92 | 81.94 | 63.48 | 94.19 |
Total current assets |
257.99 | 176.69 | 225.59 | 421.23 | 245.41 | 245.40 | 459.51 | 666.98 | 747.94 | 1,079.46 |
Property, Plant, Equpment (Net) |
1,605.37 | 1,965.51 | 1,883.56 | 1,750.17 | 1,555.30 | 1,337.00 | 1,253.37 | 1,158.21 | 1,132.11 | 1,000.48 |
Long-Term Investments |
75.19 | 29.69 | 28.74 | 28.19 | 28.56 | 13.62 | 17.82 | 15.73 | 16.00 | — |
Goodwill and Intangible Assets (Total) |
25.72 | 22.66 | 19.68 | 4.97 | 4.42 | 3.92 | 3.48 | 3.08 | 2.73 | 2.43 |
Long-term assets (Other) |
0.11 | 2.80 | 3.51 | 5.36 | 4.03 | 4.56 | 6.59 | 21.35 | 23.03 | 121.15 |
Total non-current assets |
1,706.39 | 2,020.66 | 1,935.50 | 1,808.25 | 1,594.84 | 1,373.35 | 1,324.15 | 1,274.69 | 1,226.03 | 1,162.22 |
Total Assets |
1,964.37 | 2,197.35 | 2,161.09 | 2,229.48 | 1,840.25 | 1,618.75 | 1,783.65 | 1,941.67 | 1,973.97 | 2,241.67 |
Accounts Payable |
14.41 | 7.86 | 11.15 | 70.98 | 31.06 | 34.83 | 42.35 | 33.89 | 25.55 | 19.93 |
Accrued Expenses |
28.66 | 34.61 | 40.86 | 59.74 | 55.06 | 32.58 | 47.47 | 71.67 | 75.67 | 84.72 |
Current Part of Debt |
171.02 | 166.75 | 106.24 | 93.57 | 20.86 | 40.50 | — | — | — | — |
Current Part of Capital Lease |
— | 7.23 | 20.90 | 25.36 | 78.48 | 27.03 | 60.16 | 20.52 | — | — |
Current Revenue (Deferred) |
4.46 | 0.56 | — | — | — | — | — | — | — | — |
Other current liabilities |
37.41 | 19.72 | 18.63 | 13.77 | 7.99 | 12.75 | 3.61 | 6.07 | 5.95 | 9.53 |
Total current liabilities |
255.95 | 236.71 | 197.76 | 279.71 | 197.12 | 157.09 | 170.17 | 168.03 | 132.04 | 135.29 |
Long Term Debt (Total) |
762.00 | 927.24 | 983.56 | 905.54 | 513.67 | 572.24 | 472.60 | 119.08 | — | — |
Non-current Liabilities (Other) |
13.68 | 26.80 | 32.83 | 51.04 | 50.24 | 46.14 | 44.02 | 63.97 | 56.66 | 45.71 |
Total non-current liabilities |
775.68 | 954.03 | 1,016.39 | 959.85 | 564.22 | 623.25 | 543.47 | 223.48 | 85.38 | 62.77 |
Total liabilities |
1,031.63 | 1,190.75 | 1,214.15 | 1,239.56 | 761.34 | 780.34 | 713.65 | 391.51 | 217.42 | 198.06 |
Common Stock (Net) |
1,103.30 | 1,295.00 | 1,295.93 | 1,297.56 | 1,299.22 | 1,301.10 | 1,303.61 | 1,305.76 | 1,309.50 | 1,314.64 |
Retained Earnings |
(182.68) | (288.40) | (349.00) | (307.63) | (220.32) | (462.69) | (233.60) | 220.02 | 447.06 | 728.98 |
Equity Equivalent |
12.12 | — | — | — | — | — | — | 24.37 | — | — |
Common Equity (Total) |
932.74 | 1,006.60 | 946.93 | 989.92 | 1,078.90 | 838.41 | 1,070.01 | 1,550.16 | 1,756.55 | 2,043.62 |
Shareholders Equity (Total) |
932.74 | 1,006.60 | 946.93 | 989.92 | 1,078.90 | 838.41 | 1,070.01 | 1,550.16 | 1,756.55 | 2,043.62 |
Shareholders Equity and Liabilities (Total) |
1,964.37 | 2,197.35 | 2,161.09 | 2,229.48 | 1,840.25 | 1,618.75 | 1,783.65 | 1,941.67 | 1,973.97 | 2,241.67 |
Shares (Common) |
19.91 | 33.53 | 33.58 | 33.66 | 33.74 | 33.80 | 33.90 | 34.30 | 38.99 | 39.17 |
Shareholders Equity (Tangible) |
907.02 | 983.94 | 927.25 | 984.95 | 1,074.49 | 834.49 | 1,066.53 | 1,547.07 | 1,753.82 | 2,041.19 |
Net Debt |
837.23 | 1,019.93 | 1,029.82 | 906.64 | 434.52 | 559.95 | 286.29 | (273.07) | (538.00) | (853.26) |
Total Debt |
933.02 | 1,093.98 | 1,089.80 | 999.11 | 534.53 | 612.74 | 472.60 | 119.08 | — | — |