Teekay Tankers (TNK) Q3 2026 Earnings Call Transcript

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Operator: Welcome to the TK Group Third Quarter 26 Earnings Results Conference Call. During the call, all participants will be in a listen-only mode. Afterwards, you will be invited to participate in a question-and-answer session. At this time, if you have a question, participants will be asked to press *1, to register for a question. For assistance during the call, please press *0 on your touch tone phone. As a reminder, this call is being recorded. Now for opening remarks and introductions, I would like to turn the call over to the company. Please go ahead.

Kenneth Hvid: Before we begin, I would like to direct all participants to our website www.tk.com, where you will find a copy of the TK Group's third quarter 26 earnings presentation. Kenneth 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 in the third quarter 26 Teekay Group earnings presentation available on our website.

Hello, everyone, and thank you very much for joining us today for the Teekay Group's third quarter 26 earnings conference call. Joining me on the call today for the Q&A session are Brody Speers, Teekay Corporation's and Teekay Tankers' CFO Brian Hamilton, our VP of Finance and Corporate Development and Christian Waldegrave, our director of research. Starting on slide 3 of the presentation, we will cover Teekay Tankers' recent highlights. Teekay Tankers' delivered another exceptionally strong quarter, reporting third quarter 26 GAAP net income of $195 million or $5.60 per share and adjusted net income of $176 million or $5.04 per share.

To further highlight the strength in our results so far this year, for the first 3 quarters of 26, Teekay Tankers'…

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