Tankers was the largest of Teekay Tankers Ltd.’s 2 reported lines in fiscal 2024, at $547.26M — 83% of $659.08M.
| Statement Business Segments | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Tankers | $1.06B | $669.33M | $547.26M | |||||
| Conventional Tankers | — | — | — | |||||
| Marines Services & Other | $114.85M | $11.71M | $111.82M | |||||
| Ship To Ship Transfer | — | — | — | |||||
| Ship-To-Ship Transfer | — | — | — | |||||
| Total | $1.18B | $681.05M | $659.08M |
In fiscal 2024, which ended December 31, 2024, the 2 segments Teekay Tankers Ltd. reported in this breakdown added up to $659.08M. That was down 3.2% from $681.05M in fiscal 2023. Tankers was the largest segment, at $547.26M or 83.0% of the total, followed by Marines Services & Other ($111.82M, 17.0%).
Compared with fiscal 2023, Marines Services & Other grew the fastest, rising 854.8% to $111.82M. Tankers fell the most, down 18.2% to $547.26M. Over fiscal 2022 to 2024, revenue across these segments went from $1.18B to $659.08M, a compound annual decline of 25.2%. Tankers' share of the total fell from 90.3% to 83.0% over the same years.
The table also keeps 3 segments that Teekay Tankers Ltd. no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 8 fiscal years between 2016 and 2024, as reported in Teekay Tankers Ltd.'s annual filings.
Voyage Charters - Suezmax was the largest of Teekay Tankers Ltd.’s 8 reported lines in fiscal 2023, at $669.33M — 48% of $1.39B.
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|
| Voyage Charters - Suezmax | $340.54M | $259.08M | $557.97M | $669.33M | ||
| Voyage Charters - Aframax & Lr2 | $307.55M | $172.89M | $481.29M | $652.15M | ||
| Voyage Charters - Aframax | — | — | — | — | ||
| Voyage Charters - Full Service Lightering | $93.72M | — | — | — | ||
| Voyage Charters - Lr2 | — | — | — | — | ||
| Commercial Management, Other Revenue | $7.02M | $4.85M | $94.41M | $3.87M | ||
| Time-Charter | — | $46.16M | $14.74M | — | ||
| Time Charters - Suezmax | $107.54M | $20.39M | $49.00K | $14.28M | ||
| Other | $17.03M | $10.31M | — | $11.82M | ||
| Time Charters - Aframax & Lr2 | $20.06M | $25.77M | $14.69M | $16.87M | ||
| Time Charters - Aframax | — | — | — | — | ||
| Management Fees & Other, Other Revenue | — | — | $24.98M | $11.71M | ||
| Ship-To-Ship Support Services, Other Revenue | $9.62M | $5.47M | $4.57M | $7.95M | ||
| Time Charters - Lr2 | — | — | — | — | ||
| Lng Terminal Management, Consultancy, Procurement & Other, Other Revenue | $392.00K | — | — | — | ||
| Total | $903.47M | $544.91M | $1.19B | $1.39B |
In fiscal 2023, which ended December 31, 2023, the 8 revenue lines Teekay Tankers Ltd. reported in this breakdown added up to $1.39B. The revenue lines reported changed from fiscal 2022, so the total is not directly comparable with the $1.19B reported that year. Voyage Charters - Suezmax was the largest revenue line, at $669.33M or 48.2% of the total, followed by Voyage Charters - Aframax & Lr2 ($652.15M, 47.0%) and Time Charters - Aframax & Lr2 ($16.87M, 1.2%). Together, the two largest revenue lines made up 95.2% of this total.
Compared with fiscal 2022, Voyage Charters - Aframax & Lr2 grew the fastest, rising 35.5% to $652.15M. Because revenue lines were added or dropped between the two years, part of this reflects how Teekay Tankers Ltd. regrouped its reporting.
Management Fees & Other, Other Revenue was first reported as a separate revenue line in fiscal 2022. The table also keeps 7 revenue lines that Teekay Tankers Ltd. no longer reports, so earlier years can still be read on their original basis; use "Show 7 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2018 to 2023, as reported in Teekay Tankers Ltd.'s annual filings.
Teekay Tankers Ltd. (TNK) breaks its revenue down by segment and revenue line. In fiscal 2024, its largest segment was Tankers, with $547.26M or 83.0% of the total, followed by Marines Services & Other at $111.82M (17.0%).
Tankers was Teekay Tankers Ltd.'s largest segment in fiscal 2024, with $547.26M in revenue, 83.0% of the $659.08M reported across its 2 segments.
Voyage Charters - Suezmax was Teekay Tankers Ltd.'s largest revenue line in fiscal 2023, with $669.33M in revenue, 48.2% of the $1.39B reported across its 8 revenue lines.
Of the Teekay Tankers Ltd. segments reported in both fiscal 2023 and fiscal 2024, and making up at least 2% of the total, Marines Services & Other grew the fastest, rising 854.8% from $11.71M to $111.82M.
Every figure is taken from Teekay Tankers Ltd.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2016 to 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.