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Teekay Tankers Ltd (TNK) CEO Kevin Mackay on Q2 2018 Results - Earnings Call Transcript

Aug. 02, 2018 5:23 PM ETTeekay Tankers Ltd. (TNK)2 Comments
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Teekay Tankers Ltd (NYSE:TNK) Q2 2018 Earnings Conference Call August 2, 2018 1:00 PM ET


Kevin Mackay - President & CEO

Stewart Andrade - CFO

Christian Waldegrave - Director, Research


Jonathan Chappell - Evercore ISI

Noah Parquette - JPMorgan Chase & Co.

Kenneth Hoexter - Bank of America Merrill Lynch

Christopher Snyder - Deutsche Bank

Magnus Fyhr - Seaport Global Securities

Fotis Giannakoulis - Morgan Stanley


Welcome to the Teekay Tankers Ltd.'s Second Quarter 2018 Earnings Results Conference Call. [Operator Instructions]. As a reminder, this call is being recorded. Now for opening remarks and introductions, I'd like to turn the call over to Mr. Kevin Mackay, Teekay Tankers Ltd.'s Chief Executive Officer. Please go ahead, sir.

Unidentified Company Representative

Before Kevin begins, I'd like to direct all participants to our website at www.teekaytankers.com, where you'll find a copy of the second quarter 2018 earnings presentation. Kevin will review this presentation during today's conference call.

Please allow me to remind you that our discussion today contains forward-looking statements. Actual results may differ materially from results projected by those forward-looking statements.

Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the second quarter 2018 earnings release and earnings presentation available on our website.

I will now turn the call over to Kevin to begin.

Kevin Mackay

Thank you, Lee. Hello everyone, and thank you very much for joining us today for Teekay Tankers Second Quarter 2018 Earnings Conference Call. With me here in Vancouver, I have Stewart Andrade, Teekay Tankers Chief Financial Officer; and Christian Waldegrave, Director of Research at Teekay Tankers.

Beginning with our recent highlights on Slide 3 of the presentation. Teekay Tankers generated total cash flow from vessel operations of $16.6 million during the quarter compared

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