Teekay Tankers (TNK) Asset Utilization Ratio (2009 - 2026)
Teekay Tankers' (TNK) quarterly Asset Utilization Ratio came in at 0.43 in Q1 2026, down 20.53% year-on-year from 0.55 in Q1 2025, and down 0.61% on a QoQ basis from 0.44 in Q4 2025.
Teekay Tankers (TNK) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Teekay Tankers (TNK) has 18 years of Asset Utilization Ratio data on file, last reported at 0.43 in Q1 2026.
- On a quarterly basis, Asset Utilization Ratio fell 20.53% year-over-year to 0.43 in Q1 2026; TTM through Mar 2026 was 0.43, a 20.53% decrease from a year earlier, with the FY2025 full-year figure at 0.45, down 28.09% from the prior year.
- Asset Utilization Ratio for Q1 2026 stood at 0.43, down from 0.44 in the prior quarter.
- Over the last five years, Asset Utilization Ratio for TNK reached as high as 0.8 in Q3 2023 and fell as low as 0.36 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 0.59 across 5 years, with a median of 0.62 in 2024.
- Across the five-year window, Asset Utilization Ratio jumped 97.78% in 2023 and slumped 32.45% in 2025, its largest moves.
- Year by year, Asset Utilization Ratio stood at 0.62 in 2022, then rose by 20.53% to 0.75 in 2023, then slipped by 17.63% to 0.62 in 2024, then dropped by 29.26% to 0.44 in 2025, then decreased by 0.61% to 0.43 in 2026.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.43 in Q1 2026, 0.44 in Q4 2025, and 0.46 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 0.33 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 0.13 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.24 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 0.31 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.65 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | - |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.49 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 0.63 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.52 |
| 10 | Teekay Tankers | 20.90 Bn | -14.02 Bn | 224.88 Mn | 0.43 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.43 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.55 |
| Dec 31, 2024 | 0.62 |
| Sep 30, 2024 | 0.68 |
| Jun 30, 2024 | 0.71 |
| Mar 31, 2024 | 0.72 |
| Dec 31, 2023 | 0.75 |
| Sep 30, 2023 | 0.80 |
| Jun 30, 2023 | 0.78 |
| Mar 31, 2023 | 0.71 |
| Dec 31, 2022 | 0.62 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.43 |
| Mar 31, 2022 | 0.36 |
| Dec 31, 2021 | 0.33 |
| Sep 30, 2021 | 0.31 |
| Jun 30, 2021 | 0.33 |