Teekay Tankers Ltd (TNK) Misses Q1 EPS by 8c

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Go back to Teekay Tankers Ltd (TNK) Misses Q1 EPS by 8c

Teekay Tankers Ltd. Reports First Quarter 2016 Results

May 19, 2016 2:20 AM EDT

HAMILTON, BERMUDA -- (Marketwired) -- 05/19/16 -- Highlights

-- Reported first quarter 2016 adjusted net income attributable to shareholders(1) of $46.0 million, or $0.29 per share, compared to $39.0 million, or $0.34 per share, in the same period of the prior year. -- Generated first quarter 2016 free cash flow(2) of $66.2 million, or $0.42 per share, compared to $53.0 million, or $0.46 per share, in the same period of the prior year. -- Declared cash dividend of $0.09 per share for the first quarter of 2016 based on approximately 30 percent of adjusted net income in the first quarter of 2016. -- Continued de-levering of the balance sheet, reducing net debt(3) by $48.3... More

Teekay Tankers Declares Dividend

May 19, 2016 12:42 AM EDT

HAMILTON, BERMUDA -- (Marketwired) -- 05/19/16 -- Teekay Tankers Ltd. (Teekay Tankers) (NYSE: TNK) today announced that its Board of Directors has declared a cash dividend of $0.09 per share for the quarter ended March 31, 2016. The cash dividend is payable on June 3, 2016 to all shareholders of record as at... More