Teekay Tankers (TNK) Revenue & Revenue Breakdown

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Teekay Tankers Revenue Highlights

Latest Revenue (Y)

$1.36B

Latest Revenue (Q)

$338.34M

Main Segment (Y)

Voyage charters

Teekay Tankers Revenue by Period

Teekay Tankers Revenue by Year

Date	Revenue	Change
2023-12-31	$1.36B	28.35%
2022-12-31	$1.06B	96.01%
2021-12-31	$542.37M	-38.81%
2020-12-31	$886.43M	-3.75%
2019-12-31	$920.97M	21.86%
2018-12-31	$755.76M	75.28%
2017-12-31	$431.18M	-18.17%
2016-12-31	$526.90M	2.47%
2015-12-31	$514.19M	127.04%
2014-12-31	$226.47M	39.45%
2013-12-31	$162.41M	-12.65%
2012-12-31	$185.93M	-13.55%
2011-12-31	$215.07M	54.20%
2010-12-31	$139.48M	23.10%
2009-12-31	$113.30M	-21.41%
2008-12-31	$144.17M	-1.46%
2007-12-31	$146.31M	-4.43%
2006-12-31	$153.09M	22.11%
2005-12-31	$125.37M	-

Teekay Tankers generated $1.36B in revenue during NA 2023, up 28.35% compared to the previous quarter, and up 180.54% compared to the same period a year ago.

Teekay Tankers Revenue by Quarter

Date	Revenue	Change
2024-03-31	$338.34M	8.00%
2023-12-31	$313.29M	9.60%
2023-09-30	$285.86M	-22.88%
2023-06-30	$370.65M	-6.08%
2023-03-31	$394.66M	7.44%
2022-12-31	$367.32M	31.47%
2022-09-30	$279.39M	15.26%
2022-06-30	$242.39M	39.29%
2022-03-31	$174.02M	8.55%
2021-12-31	$160.31M	38.33%
2021-09-30	$115.89M	-6.10%
2021-06-30	$123.42M	-13.54%
2021-03-31	$142.75M	11.70%
2020-12-31	$127.80M	-24.93%
2020-09-30	$170.24M	-30.93%
2020-06-30	$246.49M	-27.91%
2020-03-31	$341.90M	12.51%
2019-12-31	$303.88M	66.69%
2019-09-30	$182.30M	-9.87%
2019-06-30	$202.28M	-13.00%
2019-03-31	$232.50M	-3.01%
2018-12-31	$239.72M	36.27%
2018-09-30	$175.91M	2.48%
2018-06-30	$171.66M	1.90%
2018-03-31	$168.47M	60.09%
2017-12-31	$105.23M	15.33%
2017-09-30	$91.24M	-16.13%
2017-06-30	$108.79M	-13.04%
2017-03-31	$125.10M	6.28%
2016-12-31	$117.70M	12.51%
2016-09-30	$104.62M	-25.07%
2016-06-30	$139.62M	-15.36%
2016-03-31	$164.95M	-2.39%
2015-12-31	$168.99M	34.79%
2015-09-30	$125.37M	16.52%
2015-06-30	$107.59M	3.58%
2015-03-31	$103.88M	36.81%
2014-12-31	$75.93M	42.01%
2014-09-30	$53.47M	20.34%
2014-06-30	$44.43M	-15.59%
2014-03-31	$52.64M	31.05%
2013-12-31	$40.17M	95.00%
2013-09-30	$20.60M	-49.31%
2013-06-30	$40.64M	-3.54%
2013-03-31	$42.13M	-1.13%
2012-12-31	$42.61M	49.16%
2012-09-30	$28.57M	-40.70%
2012-06-30	$48.17M	66.02%
2012-03-31	$29.01M	-20.71%
2011-12-31	$36.59M	36.34%
2011-09-30	$26.84M	-6.08%
2011-06-30	$28.58M	-1.41%
2011-03-31	$28.99M	-31.98%
2010-12-31	$42.62M	40.43%
2010-09-30	$30.34M	-4.93%
2010-06-30	$31.92M	18.25%
2010-03-31	$26.99M	4.00%
2009-12-31	$25.95M	18.50%
2009-09-30	$21.90M	-29.37%
2009-06-30	$31.00M	1.64%
2009-03-31	$30.50M	-7.15%
2008-12-31	$32.85M	-20.92%
2008-09-30	$41.54M	16.22%
2008-06-30	$35.74M	34.02%
2008-03-31	$26.67M	-16.53%
2007-12-31	$31.95M	-13.86%
2007-09-30	$37.09M	-

Teekay Tankers generated $338.34M in revenue during Q1 2024, up 8.00% compared to the previous quarter, and up 92.11% compared to the same period a year ago.

Teekay Tankers Revenue Breakdown

Teekay Tankers Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Voyage charters	$1.32B	$1.04B	$485.90M	$741.80M	$881.60M
Other revenue	$11.82M	$9.11M	$10.31M	$17.03M	$44.82M
Ship-to-ship support services, Other revenue	$7.95M	$4.57M	$5.47M	$9.62M	$24.02M
Time Charters - Suezmax	$14.28M	$49.00K	$20.39M	$107.54M	$15.66M
Time-charter	$31.15M	$14.74M	$46.16M	$127.60M	$17.50M
Vessel management, Other revenue	$3.87M	$4.54M	$4.84M	$7.02M	$8.46M
Voyage Charters - Full Service Lightering	$81.55M	$123.50M	$53.93M	$93.72M	$81.84M
Voyage Charters - Suezmax	$669.33M	$557.97M	$259.07M	$340.54M	$424.58M
LNG terminal management, consultancy and other, Other revenue	-	-	-	$392.00K	$12.34M
Time Charters - Aframax	-	-	$22.34M	$13.26M	$1.84M
Voyage Charters - LR2	-	-	$79.97M	$109.34M	$119.49M
Voyage Charters - Aframax	-	-	$92.92M	$198.21M	$255.70M
Time Charters - LR2	-	-	$3.43M	$6.79M	-
Net Pool - Aframax	-	-	-	-	-
Net Pool - LR2	-	-	-	-	-
Net Pool - MR2	-	-	-	-	-
Net Pool - Suezmax	-	-	-	-	-
Net pool	-	-	-	-	-

Teekay Tankers's latest annual revenue breakdown by segment (product or service), as of Dec 23: Voyage charters (61.71%), Voyage Charters - Suezmax (31.26%), Voyage Charters - Full Service Lightering (3.81%), Time-charter (1.45%), Time Charters - Suezmax (0.67%), Other revenue (0.55%), Ship-to-ship support services, Other revenue (0.37%), and Vessel management, Other revenue (0.18%).

Quarterly Revenue by Product

Product/Service	Dec 21	Sep 21	Jun 21	Sep 20	Jun 20	Dec 19	Sep 19	Jun 19	Dec 18	Sep 18
Voyage Charters - LR2	$46.11M	$17.34M	$16.52M	$35.48M	$23.99M	$25.70M	$26.93M	$16.71M	-	-
Time Charters - Suezmax	$19.43M	-	$955.00K	$10.72M	$1.91M	$1.46M	$3.83M	$2.91M	-	-
Time-charter	$33.00M	$6.10M	$7.07M	$42.18M	$34.99M	$10.72M	$1.91M	$1.46M	$7.97M	-
Time Charters - LR2	$2.61M	-	$818.00K	-	-	$208.00K	$1.63M	-	-	-
Time Charters - Aframax	$10.95M	$6.10M	$5.29M	-	-	-	$3.92M	$7.78M	-	-
Voyage Charters - Aframax	$46.61M	$22.77M	$23.54M	$91.32M	$51.08M	$48.03M	$42.88M	$29.21M	-	-
Other revenue	$5.24M	$2.71M	$2.36M	$2.24M	$3.58M	$10.77M	$7.36M	$14.02M	$12.39M	$11.54M
Voyage Charters - Suezmax	$137.63M	$59.65M	$61.79M	$155.61M	$85.52M	$84.47M	$115.67M	$90.27M	-	-
Vessel management, Other revenue	$2.58M	$1.04M	$1.23M	-	-	-	-	-	-	-
Voyage charters	$264.82M	$107.08M	$114.00M	$125.82M	$207.93M	$305.35M	$173.03M	$186.81M	$219.37M	$152.05M
Ship-to-ship support services, Other revenue	$2.66M	$1.68M	$1.13M	$6.21M	$4.65M	$8.22M	$6.18M	$8.22M	-	-
Voyage Charters - Full Service Lightering	$34.47M	$7.32M	$12.14M	$22.93M	$12.45M	$28.60M	$33.89M	$15.86M	-	-
LNG terminal management, consultancy and other, Other revenue	-	-	-	$2.32M	$819.00K	$3.70M	$3.63M	$1.27M	-	-
Commercial management, Other revenue	-	-	-	-	-	-	$1.89M	$2.09M	$2.58M	$2.05M
Net Pool - Aframax	-	-	-	-	-	-	-	-	-	-
Net Pool - LR2	-	-	-	-	-	-	-	-	-	-
Net Pool - MR2	-	-	-	-	-	-	-	-	-	-
Net Pool - Suezmax	-	-	-	-	-	-	-	-	-	-
Net pool	-	-	-	-	-	-	-	-	-	-

Teekay Tankers's latest quarterly revenue breakdown by segment (product or service), as of Dec 21: Voyage charters (43.69%), Voyage Charters - Suezmax (22.71%), Voyage Charters - Aframax (7.69%), Voyage Charters - LR2 (7.61%), Voyage Charters - Full Service Lightering (5.69%), Time-charter (5.44%), Time Charters - Suezmax (3.21%), Time Charters - Aframax (1.81%), Other revenue (0.86%), Ship-to-ship support services, Other revenue (0.44%), Time Charters - LR2 (0.43%), and Vessel management, Other revenue (0.43%).

Teekay Tankers Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Dec 21	Sep 21	Jun 21	Sep 20	Jun 20	Dec 19	Sep 19	Jun 19	Dec 18	Sep 18
Time-charter	$4.71M	$6.10M	$7.07M	$42.18M	$34.99M	$10.72M	$1.91M	$1.46M	$7.97M	-
Time Charters - Suezmax	-	-	$955.00K	$10.72M	$1.91M	$1.46M	$3.83M	$2.91M	-	-
Time Charters - LR2	-	-	$818.00K	-	-	$208.00K	$1.63M	-	-	-
Time Charters - Aframax	$4.71M	$6.10M	$5.29M	-	-	-	$3.92M	$7.78M	-	-
Ship-to-ship support services, Other revenue	$1.69M	$1.68M	$1.13M	$6.21M	$4.65M	$8.22M	$6.18M	$8.22M	-	-
Other revenue	$2.98M	$2.71M	$2.36M	$2.24M	$3.58M	$10.77M	$7.36M	$14.02M	$12.39M	$11.54M
Voyage Charters - Aframax	$19.54M	$22.77M	$23.54M	$91.32M	$51.08M	$48.03M	$42.88M	$29.21M	-	-
Voyage Charters - Full Service Lightering	$22.43M	$7.32M	$12.14M	$22.93M	$12.45M	$28.60M	$33.89M	$15.86M	-	-
Vessel management, Other revenue	$1.29M	$1.04M	$1.23M	-	-	-	-	-	-	-
Voyage charters	$152.62M	$107.08M	$114.00M	$125.82M	$207.93M	$305.35M	$173.03M	$186.81M	$219.37M	$152.05M
Voyage Charters - Suezmax	$81.69M	$59.65M	$61.79M	$155.61M	$85.52M	$84.47M	$115.67M	$90.27M	-	-
Voyage Charters - LR2	$28.96M	$17.34M	$16.52M	$35.48M	$23.99M	$25.70M	$26.93M	$16.71M	-	-
LNG terminal management, consultancy and other, Other revenue	-	-	-	$2.32M	$819.00K	$3.70M	$3.63M	$1.27M	-	-
Commercial management, Other revenue	-	-	-	-	-	-	$1.89M	$2.09M	$2.58M	$2.05M
Net Pool - Aframax	-	-	-	-	-	-	-	-	-	-
Net Pool - LR2	-	-	-	-	-	-	-	-	-	-
Net Pool - MR2	-	-	-	-	-	-	-	-	-	-
Net Pool - Suezmax	-	-	-	-	-	-	-	-	-	-
Net pool	-	-	-	-	-	-	-	-	-	-

Teekay Tankers's latest quarterly revenue breakdown by geography, as of Dec 21: Voyage charters (47.60%), Voyage Charters - Suezmax (25.48%), Voyage Charters - LR2 (9.03%), Voyage Charters - Full Service Lightering (7.00%), Voyage Charters - Aframax (6.10%), Time-charter (1.47%), Time Charters - Aframax (1.47%), Other revenue (0.93%), Ship-to-ship support services, Other revenue (0.53%), and Vessel management, Other revenue (0.40%).

Teekay Tankers Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TNK	Teekay Tankers	$1.36B	$338.34M
STNG	Scorpio Tankers	$1.34B	$391.34M
DHT	DHT	$556.08M	$145.88M

TNK Revenue FAQ

What is Teekay Tankers’s yearly revenue?

Teekay Tankers's yearly revenue for 2023 was $1.36B, representing an increase of 28.35% compared to 2022. The company's yearly revenue for 2022 was $1.06B, representing an increase of 96.01% compared to 2021. TNK's yearly revenue for 2021 was $542.37M, representing a decrease of -38.81% compared to 2020.

What is Teekay Tankers’s quarterly revenue?

Teekay Tankers's quarterly revenue for Q1 2024 was $338.34M, a 8.00% increase from the previous quarter (Q4 2023), and a -14.27% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $313.29M, a 9.60% increase from the previous quarter (Q3 2023), and a -14.71% decrease year-over-year (Q4 2022). TNK's quarterly revenue for Q3 2023 was $285.86M, a -22.88% decrease from the previous quarter (Q2 2023), and a 2.32% increase year-over-year (Q3 2022).

What is Teekay Tankers’s revenue growth rate?

Teekay Tankers's revenue growth rate for the last 3 years (2021-2023) was 151.57%, and for the last 5 years (2019-2023) was 48.15%.

What are Teekay Tankers’s revenue streams?

Teekay Tankers's revenue streams in c 23 are Voyage charters, Other revenue, Ship-to-ship support services, Other revenue, Time Charters - Suezmax, Time-charter, Vessel management, Other revenue, Voyage Charters - Full Service Lightering, and Voyage Charters - Suezmax. Voyage charters generated $1.32B in revenue, accounting 61.71% of the company's total revenue, up 27.16% year-over-year. Other revenue generated $11.82M in revenue, accounting 0.55% of the company's total revenue, up 29.69% year-over-year. Ship-to-ship support services, Other revenue generated $7.95M in revenue, accounting 0.37% of the company's total revenue, up 73.99% year-over-year. Time Charters - Suezmax generated $14.28M in revenue, accounting 0.67% of the company's total revenue, up 29042.86% year-over-year. Time-charter generated $31.15M in revenue, accounting 1.45% of the company's total revenue, up 111.35% year-over-year. Vessel management, Other revenue generated $3.87M in revenue, accounting 0.18% of the company's total revenue, down -14.83% year-over-year. Voyage Charters - Full Service Lightering generated $81.54M in revenue, accounting 3.81% of the company's total revenue, down -33.97% year-over-year. Voyage Charters - Suezmax generated $669.33M in revenue, accounting 31.26% of the company's total revenue, up 19.96% year-over-year.

What is Teekay Tankers’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Teekay Tankers was Voyage charters. This segment made a revenue of $1.32B, representing 61.71% of the company's total revenue.