Teekay Tankers Ltd. Reports Third Quarter 2019 Results
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Teekay Tankers Ltd (TNK) Tops Q3 EPS by 1c
November 13, 2019 4:13 PM ESTTeekay Tankers Ltd (NYSE: TNK) reported Q3 EPS of ($0.08), $0.01 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $182.3 million versus the consensus estimate of $96 million.
Highlights
Reported GAAP net loss of $19.9 million, or $0.07 per share, and adjusted net loss(1) of $21.2 million, or $0.08 per share, in the third quarter of 2019 (excluding items listed in Appendix A to this release).Total Adjusted EBITDA(1) of $27.8 million.Secured strong fourth quarter of 2019 to-date spot tanker rates of $38,000 and $30,500 on average per day for Teekay Tankers' Suezmax and Aframax fleet, an... More