AP NEWS
ADVERTISEMENT

Teekay Tankers: 4Q Earnings Snapshot

February 27, 2020 GMT

HAMILTON, Bermuda (AP) _ Teekay Tankers Ltd. (TNK) on Thursday reported fourth-quarter profit of $63.1 million.

The Hamilton, Bermuda-based company said it had profit of $1.86 per share. Earnings, adjusted for non-recurring costs, came to $2.45 per share.

The oil and gas shipping company posted revenue of $303.9 million in the period. Its adjusted revenue was $201.1 million.

For the year, the company reported net income of $41.4 million, or $1.23 per share, swinging to a profit in the period. Revenue was reported as $540.4 million.

Teekay Tankers shares have fallen 47% since the beginning of the year. The stock has risen 49% in the last 12 months.

_____

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