Teekay Tankers (TNK) Revenue & Revenue Breakdown
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%).
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.