Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2021 Results - Earnings Call Transcript

Feb. 24, 2022 4:17 PM ETTeekay Tankers Ltd. (TNK) StockTNK
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Q4: 2022-02-24 Earnings Summary

EPS of -$0.74 beats by $0.06
 | Revenue of $64.34M (-6.96% Y/Y) misses by $436.10K

Teekay Tankers Ltd. (NYSE:TNK) Q4 2021 Earnings Conference Call February 24, 2022 ET

Company Participants

Ryan Hamilton - Manager of Finance & IR
Kevin Mackay - President & CEO
Stewart Andrade - CFO

Conference Call Participants

Jon Chappell - Evercore ISI
Randy Giveans - Jefferies & Co.
Ken Hoexter - Bank of America Merrill Lynch
Magnus Fyhr - H.C. Wainwright

Operator

Welcome to Teekay Tankers Ltd's Fourth Quarter and Fiscal 2021 Earnings Results Conference Call. During the call, all participants will be in a listen-only mode. Afterwards, you’ll be invited to participate in a question-and-answer session. [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 the company. Please go ahead.

Ryan Hamilton

Before we begin, I would like to direct all participants to our website at www.teekaytankers.com, where you will find a copy of the fourth quarter and annual 2021 earnings presentation. Kevin and Stewart 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 fourth quarter and annual 2021 earnings release and earnings presentation available on our website.

I will now turn the call over to Kevin Mackay, Teekay Tankers' President and CEO, to begin.

Kevin Mackay

Thank you, Ryan. Hello, everyone, and thank you very much for joining us today for Teekay Tankers Fourth quarter and annual 2021 earnings conference call. Joining me on the call today are Stewart Andrade, Teekay Tankers' CFO; and Christian Waldegrave, Director of Research.

Moving to our recent highlights on Slide 3 of

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