Teekay Tankers Ltd (TNK) Tops Q4 EPS by 3c

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Go back to Teekay Tankers Ltd (TNK) Tops Q4 EPS by 3c

Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2018 Results

February 21, 2019 3:26 AM EST

Highlights

Reported GAAP net income of $11.5 million, or $0.04 per share, and adjusted net income(1) of $14.0 million, or $0.05 per share, in the fourth quarter of 2018 (excluding items listed in Appendix A to this release).Generated GAAP income from operations of $31.2 million and total cash flow from vessel operations(1) of $62.3 million in the fourth quarter of 2018.In November 2018, completed two previously-announced financings that when fully drawn will amount to approximately $40 million of additional liquidity; and, in February 2019, signed a term sheet for a further sale-leaseback transaction for two vessels, which is expected to increase... More