Teekay Tankers Ltd (TNK) Misses Q3 EPS by 2c
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Go back to Teekay Tankers Ltd (TNK) Misses Q3 EPS by 2c
February 23, 2017 7:04 AM EST
HAMILTON, BERMUDA -- (Marketwired) -- 02/23/17 --
Highlights
-- Reported GAAP net income of $6.8 million, or $0.04 per share, and
adjusted net income attributable to shareholders(1) of $5.1 million, or
$0.03 per share, in the fourth quarter of 2016.
-- Generated free cash flow(1) of $34.2 million in the fourth quarter of
2016.
-- Declared cash dividend of $0.03 per share for the fourth quarter of
2016, representing the minimum quarterly dividend.
-- Completed the sale of a Medium-Range (MR) product tanker and an older
Suezmax tanker in November 2016 and January 2017, respectively, with one
older Suezmax tanker sale scheduled to be completed in late-February
2017.
-- Since October 2016,...
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