Teekay Tankers dividend ‘disappointing’ as company sits on $631m cash pile, analysts say

Teekay Tankers dashed analysts’ hopes of higher shareholder payouts after its first-quarter profit plunged.

Net earnings of $76m, down from $148.9m in the same period of 2024, were in line with expectations, according to Fearnley Securities.

Bookings were “somewhat underwhelming” versus what the market hoped for, with suezmaxes softer than expected.

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“Alas, shareholder distributions are not at levels we had hoped, which should lead to a persisting discount on valuation,” analysts Fredrik Dybwad and Nils Thommesen said.