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On July 29, 2026 Teekay Tankers announced a fixed quarterly cash dividend of $0.25 per share, payable August 21, 2026 to shareholders of record on August 10, 2026.
Technical Analysis
Directional indicators show a bullish tilt: DI+ at 29.72 registered a dip-and-reversal (now increasing), while DI– at 16.98 completed a peak-and-reversal (now decreasing); with ADX at 20.57 this pattern indicates an emerging directional trend favoring buyers and supports further price appreciation relative to the WMDST valuation.
MACD reads 2.59 with a positive signal at 1.64 and a dip-and-reversal in the MACD trend; MACD currently sits above its signal line, which signals bullish momentum and suggests short-term continuation of the recent advance.
MRO at 35.79 sits positive and elevated, indicating the market price currently runs above the model target and therefore carries a measurable risk of mean reversion; that pressure could temper the bullish momentum even as momentum indicators remain constructive.
RSI at 58.19 with a dip-and-reversal shows renewed buying pressure without overbought extremes, aligning with the MACD signal and the price trading above most moving averages; price closed at $89.11, above the 20-day average ($79.52), 50-day average ($74.37) and 200-day average ($67.98), consistent with a trend-biased market that still allows room for short-term consolidation.
Fundamental Analysis
Revenue and profitability: Total revenue reached $379,508,000 with YoY revenue growth of 60.61% and QoQ revenue growth of 203.06%, reflecting a strong top-line acceleration. Net income stood at $225,913,000 and EBIT at $231,786,000; operating margin at 49.98% and EBIT margin at 61.08% represent high profitability levels against peers — EBIT margin sits above the industry peer mean of 23.75% and the industry peer median of 17.82%.
Cash flow and liquidity: Operating cash flow totaled $244,697,000 and free cash flow reached $243,692,000, producing a free cash flow yield near 9.69%. Cash and short-term investments stand at $1,211,589,000 and the cash ratio reads 8.23 while the current ratio equals 9.99; those metrics indicate substantial liquidity well above typical peer benchmarks and support the company’s dividend policy.
Capital structure and coverage: Total debt measures $27,801,000 with debt-to-equity at 0.0117 and debt-to-assets at 0.0107, both well below the industry peer mean and range; interest expense remained minimal relative to operating earnings and interest coverage exceeds 290x, signaling negligible leverage pressure on cash generation.
Earnings and shareholder returns: Reported EPS of $5.56 beat the estimate of $5.53 by $0.03, a 0.54% surprise. The company maintains a quarterly cash dividend of $0.25 (annualized $1.00) with a dividend payout ratio near 19.17% and dividend coverage about 5.22x, reflecting conservative cash distribution relative to earnings and cash flow.
Valuation context: Price multiples show a trailing P/E of 13.06 and a price-to-book of 1.06 while enterprise multiple stands near 5.27; forward metrics (forward P/E ~31.98, forward PEG 0.63) present a mixed signal but the free cash flow yield and low leverage underpin WMDST’s valuation result. The current valuation as determined by WMDST: under-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-29 |
| NEXT REPORT DATE: | 2026-10-28 |
| CASH FLOW | Begin Period Cash Flow | $ 722.0 M |
| Operating Cash Flow | $ 244.7 M | |
| Capital Expenditures | $ -1.00 M | |
| Change In Working Capital | $ 34.1 M | |
| Dividends Paid | $ -43.30 M | |
| Cash Flow Delta | $ 16.7 M | |
| End Period Cash Flow | $ 738.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 379.5 M | |
| Forward Revenue | $ 33.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 174.6 M | |
| Depreciation | $ 20.8 M | |
| Depreciation and Amortization | $ 20.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 189.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 205.0 M | |
| EBITDA | $ 252.6 M | |
| EBIT | $ 231.8 M | |
| Operating Income | $ 189.7 M | |
| Interest Income | $ 10.4 M | |
| Interest Expense | $ 797.0 K | |
| Net Interest Income | $ 9.6 M | |
| Income Before Tax | $ 231.0 M | |
| Tax Provision | $ 5.1 M | |
| Tax Rate | 2.198 % | |
| Net Income | $ 225.9 M | |
| Net Income From Continuing Operations | $ 225.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 5.53 | |
| EPS Actual | $ 5.56 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 0.542 % | |
| Forward EPS | $ 2.28 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.6 B | |
| Intangible Assets | $ 10.9 M | |
| Net Tangible Assets | $ 2.4 B | |
| Total Current Assets | $ 1.5 B | |
| Cash and Short-Term Investments | $ 1.2 B | |
| Cash | $ 735.0 M | |
| Net Receivables | $ 85.8 M | |
| Inventory | $ 37.8 M | |
| Long-Term Investments | $ 23.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 120.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 147.2 M | |
| Net Debt | — | |
| Total Debt | $ 27.8 M | |
| Total Liabilities | $ 216.1 M | |
| EQUITY | ||
| Total Equity | $ 2.4 B | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 68.58 | |
| Shares Outstanding | 34.680 M | |
| Revenue Per-Share | $ 10.95 | |
| VALUATION | Market Capitalization | $ 2.5 B |
| Enterprise Value | $ 1.3 B | |
| Enterprise Multiple | 5.27 | |
| Enterprise Multiple QoQ | -40.343 % | |
| Enterprise Multiple YoY | -48.213 % | |
| Enterprise Multiple IPRWA | high: 49.871 mean: 24.588 median: 22.506 TNK: 5.27 low: 5.198 |
|
| EV/R | 3.508 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.091 | |
| Asset To Liability | 11.995 | |
| Debt To Capital | 0.012 | |
| Debt To Assets | 0.011 | |
| Debt To Assets QoQ | -40.718 % | |
| Debt To Assets YoY | -45.643 % | |
| Debt To Assets IPRWA | high: 0.637 mean: 0.192 median: 0.192 low: 0.047 TNK: 0.011 |
|
| Debt To Equity | 0.012 | |
| Debt To Equity QoQ | -40.789 % | |
| Debt To Equity YoY | -46.842 % | |
| Debt To Equity IPRWA | high: 1.74 mean: 0.542 median: 0.404 low: 0.069 TNK: 0.012 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.059 | |
| Price To Book QoQ | -8.913 % | |
| Price To Book YoY | 26.661 % | |
| Price To Book IPRWA | high: 4.654 median: 2.337 mean: 2.198 TNK: 1.059 low: 0.434 |
|
| Price To Earnings (P/E) | 13.057 | |
| Price To Earnings QoQ | -34.415 % | |
| Price To Earnings YoY | -57.876 % | |
| Price To Earnings IPRWA | high: 87.244 mean: 29.035 median: 24.813 TNK: 13.057 low: 1.626 |
|
| PE/G Ratio | 0.258 | |
| Price To Sales (P/S) | 6.627 | |
| Price To Sales QoQ | -25.502 % | |
| Price To Sales YoY | -0.045 % | |
| Price To Sales IPRWA | high: 23.352 TNK: 6.627 mean: 6.388 median: 5.359 low: 0.502 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 31.984 | |
| Forward PE/G | 0.631 | |
| Forward P/S | 75.794 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.429 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.152 | |
| Asset Turnover Ratio QoQ | 23.332 % | |
| Asset Turnover Ratio YoY | 33.55 % | |
| Asset Turnover Ratio IPRWA | high: 0.701 median: 0.232 mean: 0.225 TNK: 0.152 low: 0.017 |
|
| Receivables Turnover | 3.817 | |
| Receivables Turnover Ratio QoQ | 30.616 % | |
| Receivables Turnover Ratio YoY | 48.757 % | |
| Receivables Turnover Ratio IPRWA | high: 6.185 TNK: 3.817 mean: 2.277 median: 1.99 low: 0.366 |
|
| Inventory Turnover | 5.249 | |
| Inventory Turnover Ratio QoQ | 1.238 % | |
| Inventory Turnover Ratio YoY | 10.179 % | |
| Inventory Turnover Ratio IPRWA | high: 13.876 TNK: 5.249 mean: 3.261 median: 3.11 low: 0.148 |
|
| Days Sales Outstanding (DSO) | 23.904 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -0.805 | |
| Cash Conversion Cycle Days QoQ | -102.357 % | |
| Cash Conversion Cycle Days YoY | -104.167 % | |
| Cash Conversion Cycle Days IPRWA | high: 63.579 TNK: -0.805 mean: -11.191 median: -11.56 low: -188.724 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.287 | |
| CapEx To Revenue | -0.003 | |
| CapEx To Depreciation | -0.048 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.4 B | |
| Net Invested Capital | — | |
| Invested Capital | $ -1.18 B | |
| Net Tangible Assets | $ 2.4 B | |
| Net Working Capital | $ 1.3 B | |
| LIQUIDITY | ||
| Cash Ratio | 8.23 | |
| Current Ratio | 9.986 | |
| Current Ratio QoQ | 6.251 % | |
| Current Ratio YoY | 26.994 % | |
| Current Ratio IPRWA | TNK: 9.986 high: 2.816 median: 1.252 mean: 1.211 low: 0.467 |
|
| Quick Ratio | 9.729 | |
| Quick Ratio QoQ | 5.915 % | |
| Quick Ratio YoY | 27.895 % | |
| Quick Ratio IPRWA | TNK: 9.729 high: 1.391 mean: 0.951 median: 0.947 low: 0.381 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.11 | |
| Cost Of Debt | 2.194 % | |
| Interest Coverage Ratio | 290.823 | |
| Interest Coverage Ratio QoQ | -10.014 % | |
| Interest Coverage Ratio YoY | 258.915 % | |
| Interest Coverage Ratio IPRWA | TNK: 290.823 high: 86.568 mean: 30.563 median: 15.887 low: -13.39 |
|
| Operating Cash Flow Ratio | 2.423 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 44.844 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 5.217 | |
| Dividend Payout Ratio | 0.192 | |
| Dividend Rate | $ 1.25 | |
| Dividend Yield | 0.017 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 8.427 % | |
| Revenue Growth | 32.652 % | |
| Revenue Growth QoQ | 203.063 % | |
| Revenue Growth YoY | 6060.755 % | |
| Revenue Growth IPRWA | high: 94.825 % median: 35.834 % mean: 33.119 % TNK: 32.652 % low: -51.194 % |
|
| Earnings Growth | 50.678 % | |
| Earnings Growth QoQ | 59.435 % | |
| Earnings Growth YoY | -242.29 % | |
| Earnings Growth IPRWA | high: 669.565 % mean: 117.872 % median: 79.032 % TNK: 50.678 % low: -355.556 % |
|
| MARGINS | ||
| Gross Margin | 54.005 % | |
| Gross Margin QoQ | 14.113 % | |
| Gross Margin YoY | 105.6 % | |
| Gross Margin IPRWA | high: 85.152 % TNK: 54.005 % mean: 29.122 % median: 22.517 % low: 3.205 % |
|
| EBIT Margin | 61.075 % | |
| EBIT Margin QoQ | 10.563 % | |
| EBIT Margin YoY | 125.894 % | |
| EBIT Margin IPRWA | high: 95.642 % TNK: 61.075 % mean: 23.75 % median: 17.819 % low: 2.99 % |
|
| Return On Sales (ROS) | 49.98 % | |
| Return On Sales QoQ | 14.376 % | |
| Return On Sales YoY | 149.426 % | |
| Return On Sales IPRWA | high: 95.642 % TNK: 49.98 % mean: 21.299 % median: 16.032 % low: 2.583 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 243.7 M | |
| Free Cash Flow Yield | 9.689 % | |
| Free Cash Flow Yield QoQ | 221.68 % | |
| Free Cash Flow Yield YoY | 894.764 % | |
| Free Cash Flow Yield IPRWA | high: 17.176 % TNK: 9.689 % mean: 3.384 % median: 3.3 % low: -3.681 % |
|
| Free Cash Growth | 217.941 % | |
| Free Cash Growth QoQ | -97.466 % | |
| Free Cash Growth YoY | -409.084 % | |
| Free Cash Growth IPRWA | high: 1077.9 % median: 227.394 % TNK: 217.941 % mean: 66.25 % low: -1268.173 % |
|
| Free Cash To Net Income | 1.079 | |
| Cash Flow Margin | 94.011 % | |
| Cash Flow To Earnings | 1.579 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 9.068 % | |
| Return On Assets QoQ | 36.772 % | |
| Return On Assets YoY | 195.664 % | |
| Return On Assets IPRWA | TNK: 9.068 % high: 6.158 % median: 3.127 % mean: 2.916 % low: -2.231 % |
|
| Return On Capital Employed (ROCE) | 9.481 % | |
| Return On Equity (ROE) | 0.095 | |
| Return On Equity QoQ | 35.61 % | |
| Return On Equity YoY | 180.584 % | |
| Return On Equity IPRWA | high: 0.233 TNK: 0.095 mean: 0.069 median: 0.064 low: -0.064 |
|
| DuPont ROE | 9.896 % | |
| Return On Invested Capital (ROIC) | -19.15 % | |
| Return On Invested Capital QoQ | -372.249 % | |
| Return On Invested Capital YoY | 165.677 % | |
| Return On Invested Capital IPRWA | high: 11.602 % mean: 5.679 % median: 4.949 % low: -1.274 % TNK: -19.15 % |
|