Teekay Tankers Full Year 2022 Earnings: EPS: US$6.74 (vs US$7.16 loss in FY 2021)
Teekay Tankers (NYSE:TNK) Full Year 2022 Results
Key Financial Results
Revenue: US$1.06b (up 96% from FY 2021).
Net income: US$229.1m (up from US$242.4m loss in FY 2021).
Profit margin: 22% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.
EPS: US$6.74 (up from US$7.16 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Teekay Tankers Earnings Insights
Looking ahead, revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 5.8% decline forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 15% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Teekay Tankers' balance sheet health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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