Teekay Tankers Ltd (TNK) Misses Q3 EPS by 2c
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Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2016 Results
February 23, 2017 7:04 AM ESTHAMILTON, 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,... More