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Summary Frontline announced multi-year record revenues of $530.14 million for the fourth quarter of 2022. The tankers did exceptionally well during the fourth quarter of 2022 and posted the highest quarterly income since 2Q18. The demand is expected to fall slightly from 8% in 2022 ...
Summary Teekay Tankers has one of the largest fleet of oil tankers operating in the spot market. Tanker rates stay elevated due to Russian oil disruptions. With little global fleet growth until 2025, tanker rates can stay elevated for years. I was one of the first analysts...
Summary Teekay Tankers reported YE2022 results that beat analysts' expectations. 2022 revenues were more than $1 billion. Leverage is improving with net debt equal to 23% of the market cap. Tanker rates are expected to remain at a very high level for 2023. ...
Summary Global crude shipping rates went parabolic at times in 2022 but now appear to have peaked. Even still, Teekay Tankers should continue to generate ample free cash flow even if we assume a big drop in said rates. I see more upside based on valuation and the charts. Globa...
The oil and gas business continues to be incredibly profitable as companies focus more on churning out cash rather than growing revenue. Earnings reports that have come out in the last 24 hours have confirmed that trend. In trading on Thursday, Permian Resources (NYSE: PR) shares ...
The following slide deck was published by Teekay Tankers Ltd. in conjunction with their 2022 Q4 earnings call. For further details see: Teekay Tankers Ltd. 2022 Q4 - Results - Earnings Call Presentation
Teekay Tankers Ltd (TNK) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Kevin Mackay - President & CEO Stewart Andrade - CFO Conference Call Participants Jonathan Chappell - Evercore ISI Omar Nokta - Jefferies ...
Shares of Teekay Tankers ( NYSE: TNK ) surged as much as 13.6% on Thursday after the oil tanker operator's fourth quarter results blew past Wall Street expectations. TNK posted Q4 Non-GAAP EPS of $4.33, topping consensus by almost a dollar, and revenue of $367.32M was ah...
Teekay Tankers press release ( NYSE: TNK ): Q4 Non-GAAP EPS of $4.33 beats by $0.91 . Revenue of $367.32M (+129.1% Y/Y) beats by $155.78M . Adjusted EBITDA of $180.13M vs. $9.59M a year ago quarter. First quarter 2023 to-date spot tanker rates remain strong; the Co...
HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. ( Teekay Tankers or the Company ) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2022. The full earnings release and earnings presentation are available on the...
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2024-06-25 02:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-15 03:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
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