Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend

Core Viewpoint - Teekay Tankers Ltd. reported its financial results for Q2 2024 and declared a cash dividend of $0.25 per share, payable on August 23, 2024, to shareholders of record as of August 12, 2024 [1]. Company Overview - Teekay Tankers operates a fleet of 43 double-hull tankers, which includes 25 Suezmax tankers and 18 Aframax/LR2 tankers, along with eight time-chartered-in tankers [2]. - The company's vessels are utilized through a combination of spot market trading and short- to medium-term fixed-rate time charter contracts [2]. - Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50% joint venture and has a ship-to-ship transfer business that provides full-service lightering operations in the U.S. Gulf and Caribbean [2]. - The company was established in December 2007 by Teekay Corporation to expand its oil tanker business [2].