Teekay Tankers: Q4 Earnings Snapshot

In this article:

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Teekay Tankers Ltd. (TNK) on Thursday reported profit of $111.7 million in its fourth quarter.

The Hamilton, Bermuda-based company said it had net income of $3.23 per share. Earnings, adjusted for non-recurring gains, came to $2.87 per share.

The oil and gas shipping company posted revenue of $313.3 million in the period. Its adjusted revenue was $194.5 million.

For the year, the company reported profit of $513.7 million, or $14.86 per share. Revenue was reported as $890.1 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNK at https://www.zacks.com/ap/TNK

Advertisement