Teekay Tankers reports Q2 adjusted EPS $4.38 vs. 76c last year

Reports Q2 revenue $370.65M vs. $242.39M last year. “The charter market for mid-sized tankers was once again very strong in the second quarter of 2023, benefiting from supply and demand fundamentals that we believe are durable in nature,” commented Kevin Mackay, Teekay Tankers’ president and CEO. “With our fleet of mid-sized owned and chartered-in vessels mainly deployed in the spot market, Teekay Tankers has been a prime beneficiary of this market environment, generating substantial free cash flow.”