Quarterly Results (TNK Q3 26 ER Document)

• Reported GAAP net income of $195.2 million, or $5.60 per share, and adjusted net income(1) of $175.8 million, or $5.04 per share, in the third quarter of 2026 (excluding items listed in Appendix A to this release).

• Spot tanker rates have remained at historic highs, with the third quarter of 2026 Suezmax and Aframax / Long Range 2 (or LR2) spot rates averaging $106,400 per day and $67,600 per day, respectively. So far in the fourth quarter of 2026, Suezmax and Aframax / LR2 spot rates are setting new records, averaging $272,000 per day and $208,300 per day for approximately 63% and 53% of fourth quarter spot days booked to date, respectively.

• As part of our fleet renewal plan, Teekay Tankers entered into the following transactions: (1) ordered two Aframax / LR2 tankers at a Chinese yard with expected deliveries in 2030; (2) ordered two Suezmax tankers at a Korean yard with expected deliveries in 2030 with options for two additional Suezmax tankers with expected deliveries in 2030; and (3) agreed to acquire one 2020-built MR tanker with expected delivery by mid-January 2027.

• In September 2026, Teekay Tankers time chartered-out one Suezmax tanker for a term of 12 months at a rate of

  $101,300 per day.

• The Company declared a cash dividend of $0.25 per share for the quarter ended September 30, 2026, payable in December 2026.

Hamilton, Bermuda, November 11, 2026 - Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2026:

(1) These are non-GAAP financial measures. Please refer to "Definitions and Non-GAAP Financial Measures" and the Appendices to this release for definitions of these terms and reconciliations of these non-GAAP financial measures as used in this release to the most directly comparable financial measures under United States generally accepted accounting principles (GAAP).

1

Teekay Tankers Ltd. Investor Relations E-mail: investor.relations@teekay.com www.teekay.com 2nd Floor, Swan Building, 26 Victoria Street, Hamilton, HM12, Bermuda

GAAP net income and non-GAAP adjusted net income for the third quarter of 2026 decreased compared to the second quarter of 2026, primarily due to the sales of two vessels between the start of the second quarter of 2026 and the end of the third quarter of 2026, lower average spot tanker rates, as well as lower net results from the Australian operations, partially offset by the redelivery of three vessels from bareboat chartered-out contracts between the start of the second quarter of 2026 and the end of the third quarter of 2026 earning higher spot tanker rates. In addition, GAAP net income for the third quarter of 2026 included a $22.9 million gain from the sale of one vessel, compared to a $32.3 million gain from the sale of one vessel in the second quarter of 2026.

GAAP net income and non-GAAP adjusted net income for the third quarter of 2026 increased compared to the same period of the prior year, primarily due to higher average spot tanker rates, the acquisitions of four vessels between the start of the third quarter of 2025 and the end of the first quarter of 2026, the commencement of certain vessels on time chartered-out contracts and earning higher fixed rates, as well as higher net results from the Australian operations, partially offset by the sales of nine vessels between the start of the third quarter of 2025 and the end of the third quarter of 2026. In addition, GAAP net income for the third quarter of 2026 included a $22.9 million gain from the sale of one vessel, compared to a $25.9 million gain from the sales of three vessels, an $8.3 million gain on distribution from equity-accounted investment, as well as a $4.6 million unrealized gain on investment in marketable securities in the third quarter of 2025.

"Teekay Tankers reported another exceptionally strong quarter, generating GAAP net income of $195.2 million and adjusted net income of $175.8 million in the third quarter of 2026. This brings our adjusted net income for the first nine months of 2026 to $497.7 million, which approximates our record full year earnings set in 2023," commented Kenneth Hvid, Teekay Tankers' President and Chief Executive Officer. "The ongoing conflicts in the Middle East Gulf, Ukraine, and Red Sea continue to disrupt oil and tanker markets, while historically high global refining margins and longer tonne-miles due to supply chain inefficiencies have provided further support for freight rates. Mid-sized tanker rates increased significantly in October to the highest levels ever recorded, with Teekay Tankers securing fourth quarter to-date spot rates for our Suezmax and Aframax / LR2 tankers at averages of $272,000 and $208,300 per day, respectively. With the backdrop of the current strong tanker market and with approximately 58% of the fourth quarter spot tanker days now fixed, Teekay Tankers is positioned to achieve its highest ever results in the fourth quarter and full year 2026, and to continue to generate significant cash flows and create shareholder value."

"We have also continued to advance our fleet renewal plan through measured acquisitions. Since reporting earnings in August 2026, we have entered into newbuilding contracts for two Aframax / LR2 tankers at a Chinese shipyard and two Suezmax tankers at a Korean shipyard with options for an additional two Suezmax tankers, all for deliveries in 2030. In addition, we have agreed to acquire a modern MR tanker, which expands our footprint into an adjacent sector where we have an ownership history, and we believe we can leverage our integrated operating platform."

Vessel Acquisitions

In October 2026, the Company entered into newbuilding contracts for two Aframax / LR2 tankers at a shipyard in China with expected deliveries in 2030.

In November 2026, the Company entered into newbuilding contracts for two Suezmax tankers at a Korean shipyard with expected deliveries in 2030. As part of these contracts, the Company also received options for two additional Suezmax tanker newbuildings. If exercised, these optional newbuildings would also be expected to be delivered in 2030.

In September 2026, the Company agreed to acquire a 2020 Korean-built Medium Range (MR) tanker with expected delivery by mid-January 2027.

Vessel Sale

In July 2026, the Company completed the previously announced sale of a 2013-built VLCC for $84.5 million, which resulted in a gain on sale of $22.9 million in the third quarter of 2026.

Time Charter

In September 2026, the Company time chartered-out one Suezmax tanker for a term of 12 months at a rate of

$101,300 per day.

Dividend

The Company's Board of Directors declared its fixed quarterly cash dividend in the amount of $0.25 per outstanding common share for the quarter ended September 30, 2026. The dividend is payable on December 4, 2026 to all of Teekay Tankers' shareholders of record on November 23, 2026.

Crude tanker spot rates remained elevated in the third quarter of 2026, with rates just below the record-setting levels seen in the previous quarter. Thereafter, spot tanker rates have surged and have reached a new record high in the fourth quarter of 2026 due to a combination of elevated refinery margins, resilient global oil demand, low refined product inventories, and ongoing geopolitical disruptions that have increased transportation requirements. Tight product markets and unprecedented crack spreads have incentivized refiners to maximize throughput, supporting crude trade volumes and sustaining demand for tanker transportation despite higher freight costs.

Current tanker market strength has been further supported by increasing fleet utilization driven by longer voyage distances, shifting trade patterns, and logistical inefficiencies associated with conflict-affected regions. The partial recovery in crude oil exports from the Middle East Gulf during the third quarter of 2026, which has relied on increased use of ship-to-ship transfer operations and alternative routes that bypass the Strait of Hormuz, combined with longer supply chains, has extended voyage durations and reduced effective vessel availability. In addition, an increase in attacks on ships transporting Saudi Arabian crude oil in the Red Sea has led to the redirection of oil flows from the port of Yanbu northbound via the Suez Canal / SUMED pipeline rather than flowing south via the Bab el-Mandeb Strait, further adding to longer voyage distances.

The exceptionally strong VLCC market continues to create spillover demand for Suezmax and Aframax / LR2 vessels as charterers have increasingly utilized smaller tanker classes to move cargoes long-haul when larger vessels were unavailable. At the same time, growing crude oil movements from the Atlantic to the Pacific and strong arbitrage economics have increased tonne-mile demand across multiple tanker segments. While freight markets have moderated from recent peak levels as vessel positioning normalizes and certain supply chains adjust, we

believe that underlying market conditions will continue to be supported by seasonal factors, continued trade inefficiencies, and ongoing geopolitical uncertainty.

Looking ahead, tanker demand in the medium term will largely depend on how the geopolitical factors currently impacting crude oil trade patterns develop in the coming quarters. However, we believe that the need to rebuild depleted oil inventories should support tanker demand once oil supply normalizes. On the fleet supply side, tanker deliveries are projected to accelerate over the next three years as the current tanker orderbook delivers, though the removal of older vessels from the fleet could partially offset the impact of rising tanker deliveries. Net fleet supply may also be impacted by developments in the shadow fleet of tankers and whether these vessels will be permanently excluded from non-sanctioned trades or will return to regular trading, although we note there may be hurdles to integrating shadow fleet vessels into the compliant trade such as vessel age, sanctions from various countries, required class certification and unknown maintenance requirements.

The following table highlights the operating performance of the Company's spot vessels (including those trading on voyage charters, in revenue sharing arrangements (RSAs), in a third-party pool and in full service lightering), time charter-out vessels and bareboat charter-out vessels, in each case measured in net revenues(1) per revenue day(2), or time-charter equivalent (TCE) rates, before off-hire bunker expenses:

1. Net revenues is a non-GAAP financial measure. Please refer to "Definitions and Non-GAAP Financial Measures" for a definition of this term and Appendix D to this release for a reconciliation of this non-GAAP financial measure as used in this release to the most directly comparable financial measure under GAAP.

2. Revenue days are the total number of calendar days the Company's vessels were in its possession during a period, less the total number of off-hire days during the period associated with events such as major repairs or modifications, dry dockings or special or intermediate surveys. Consequently, revenue days represent the total number of days available for the vessel to earn revenue. Idle days, which are days when the vessel is available to earn revenue but is not employed, are included in revenue days.

3. Excludes one chartered-in bunker tanker on a time charter-out contract.

4. Includes one VLCC tanker, which was acquired by the Company from its 50/50 joint venture in August 2025, which was trading in a pooling arrangement managed by a third party. In February 2026, the Company entered into an agreement to sell the VLCC tanker to a third party, and the tanker was delivered to its purchaser in July 2026. For the three months ended September 30, 2025, the vessel earned an average TCE rate of $31,136 per day over 92 revenue days, including the days when the vessel was owned by the joint venture.

The following table presents Teekay Tankers' average TCE rates booked to date in the fourth quarter of 2026 for its spot-traded fleet only, together with the percentages of total revenue days currently fixed for the fourth quarter:

1. Rate and percentage booked to date include all Aframax and LR2 vessels, whether trading in the clean or dirty spot market.

   ‌Teekay Tankers Fleet

   The following table summarizes the Company's fleet as of November 11, 2026:

   	Owned Vessels(5)	Chartered-in Vessels Total
   Fixed-rate:
   Suezmax Tankers Aframax / LR2 Tankers	3 3	- -	3 3
   Total Fixed-Rate Fleet	6	-	6
   Spot-rate:
   Suezmax Tankers(1) Aframax / LR2 Tankers(2)	11 15	1 2	12 17
   Total Spot Fleet	26	3	29
   Committed Newbuildings:
   Suezmax Tankers(3) Aframax / LR2 Tankers(4)	4 2	- -	4 2
   Total Committed Newbuildings	6	-	6
   Total Tanker Fleet	38	3	41
   STS Support and Bunker Tanker Vessels	-	2	2
   Total Teekay Tankers Fleet	38	5	43

   1. Includes one Suezmax tanker subject to a charter-in contract that is scheduled to expire in June 2027, with an option to extend for one additional year.

   2. Includes two Aframax / LR2 tankers subject to charter-in contracts that are scheduled to expire in February 2027 and January 2030, the latter of which has options to extend for up to three years, as well as a purchase option at the end of the second extension option period.

   3. Includes two Suezmax tanker newbuilding contracts that were purchased in June 2026 and are scheduled to be delivered in 2027, as well as two committed Suezmax tanker newbuildings that were ordered in November 2026 and are scheduled to be delivered in 2030.

   4. Includes two committed Aframax / LR2 newbuildings that were ordered in October 2026 and are scheduled to be delivered in 2030.

   5. Excludes one MR product tanker for which the Company entered into an agreement in September 2026 to purchase the vessel, which is expected to be delivered to the Company by mid-January 2027.

      Liquidity Update

      As at September 30, 2026, the Company had total liquidity of $1.5 billion (comprised of $1.4 billion in cash, cash equivalents and short-term investments, and $97.6 million in undrawn capacity from its credit facility), compared to total liquidity of $1.3 billion as at June 30, 2026.

      Conference Call

      Teekay Corporation Ltd. (or Teekay) and Teekay Tankers (collectively, the Teekay Group) plan to host a conference call on Thursday, November 12, 2026 at 11:00 a.m. (ET) to discuss the Teekay Group's results for the third quarter of 2026. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:

      • By dialing 1(800) 330-6710, or 1(647) 361-1999 if outside of North America, and quoting conference ID code 5692912.

      • By accessing the webcast, which will be available on Teekay Tankers' website at https://www.teekay.com (the archive will remain on the website for a period of one year).

An accompanying Teekay Group Third Quarter of 2026 Earnings Presentation will also be available at https://www.teekay.com in advance of the conference call start time.

Teekay Tankers owns a fleet of 38 double-hulled crude oil and product tankers (which includes committed newbuildings) and three chartered-in oil and product tankers. Teekay Tankers' vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time-charter contracts. In addition, Teekay Tankers manages and operates vessels for the Australian government and Australian energy companies as part of the marine services provided by the Company and owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation Ltd.

Teekay Tankers' Class A common shares trade on the New York Stock Exchange under the symbol "TNK."

E-mail: investor.relations@teekay.com

Website: www.teekay.com. The information contained on our website is not part of this release.

This release includes various financial measures that are non-GAAP financial measures as defined under the rules of the Securities and Exchange Commission (SEC). These non-GAAP financial measures, which include Adjusted Net Income, Adjusted EBITDA, and Net Revenues, are intended to provide additional information and should not be considered substitutes for measures of performance prepared in accordance with GAAP. In addition, these measures do not have standardized definitions across companies, and therefore may not be comparable to similar measures presented by other companies. These non-GAAP measures are used by management, and the Company believes that these supplemental metrics assist investors and other users of its financial reports in comparing financial and operating performance of the Company across reporting periods and with other companies.

Adjusted net income excludes certain items of income or loss from GAAP net income that are typically excluded by securities analysts in their published estimates of the Company's financial results. The Company believes that certain investors use this information to evaluate the Company's financial performance, as does management. Please refer to Appendix A of this release for a reconciliation of this non-GAAP financial measure to net income, the most directly comparable GAAP measure reflected in the Company's consolidated financial statements.

Adjusted EBITDA represents EBITDA (i.e., net income before interest, taxes, and depreciation and amortization) adjusted to exclude certain items whose timing or amount cannot be reasonably estimated in advance or that are not considered representative of core operating performance. Such adjustments include foreign exchange gains and losses, write-downs of assets, gains and losses on sale of assets, unrealized credit loss adjustments, realized and unrealized gains and losses on marketable securities, unrealized gains and losses on derivative instruments, realized gains or losses on derivative instruments resulting from amendments or terminations of the underlying instruments, equity income or loss and gain on distribution from unconsolidated joint ventures, dividend income from marketable securities, amortization of in-process revenue, and certain write-offs and other income or expenses. Adjusted EBITDA also excludes realized gains or losses on any interest rate swaps (as management, in assessing the Company's performance, views these gains or losses as an element of interest expense). Adjusted EBITDA is a non-GAAP financial measure used by certain investors and management to measure the operational performance of companies. Please refer to Appendix C of this release for a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure reflected in the Company's consolidated financial statements.

Net revenues represents income from operations before vessel operating expenses, charter hire expenses, depreciation and amortization, general and administrative expenses, and gain or loss on sale and write-down of assets. Since the amount of voyage expenses the Company incurs for a particular charter depends on the type of the charter, the Company includes these costs in net revenues to improve the comparability between periods of reported revenues that are generated by the different types of charters and contracts. The Company principally uses net revenues, a non-GAAP financial measure, because the Company believes it provides more meaningful information about the deployment of the Company's vessels and their performance than does income from operations, the most directly comparable financial measure under GAAP. Please refer to Appendix D of this release for a reconciliation of this non-GAAP financial measure to income from operations, the most directly comparable GAAP measure reflected in the Company's consolidated financial statements.

Summary Consolidated Statements of Income

(in thousands of U.S. dollars, except share and per share data)

1. Voyage charter revenues include revenues earned from full service lightering activities. Voyage expenses include certain costs associated with full service lightering activities, which include: short-term in-charter expenses, bunker fuel expenses and other port expenses totaling

   $5.6 million, $3.9 million and $3.0 million for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, and $18.5 million and $15.8 million for the nine months ended September 30, 2026 and September 30, 2025, respectively.

2. Other revenues include operational and maintenance marine services provided to the Australian government and third parties, lightering support revenue, management and other fees, as well as revenue earned from the Company's responsibilities in employing vessels subject to the RSAs managed by the Company and certain bunker related activities. Other revenues also include the amortization of in-process revenue related to the Company's acquisitions of three Aframax-sized tankers that were completed in January 2026, at which time the Company bareboat chartered out each tanker to the seller for a short-term period. For the three months ended June 30, 2026 and the nine months ended September 30, 2026, other revenues include a $5.6 million and a $3.9 million recovery, respectively, of certain crewing costs that were incurred in prior periods related to the Company's Australian operations.

3. Vessel operating expenses for the three months ended June 30, 2026 and the nine months ended September 30, 2026 include certain expenditures from the Company's Australian operations which are offset in Other revenues.

4. General and administrative expenses for the nine months ended September 30, 2026 include the annual recognition of equity-based compensation, which is typically incurred in the second quarter of each year, as well as other certain non-recurring expenditures.

5. Gain on sale and write-down of assets for the three months ended September 30, 2026 includes a gain of $22.9 million relating to one VLCC tanker, which was sold in July 2026. Gain on sale and write-down of assets for the three months ended June 30, 2026 includes a gain of $32.3 million relating to one Suezmax tanker, which was sold in May 2026. Gain on sale and write-down of assets for the three months ended September 30, 2025 includes a gain of $25.9 million relating to three Suezmax tankers, which were sold in August and September 2025. Gain on sale and write-down of assets for the nine months ended September 30, 2026 also includes an aggregate gain of $22.7 million relating to two Suezmax tankers, which were sold in January and March 2026. Gain on sale and write-down of assets for the nine months ended September 30, 2025 also includes an aggregate gain of $52.8 million relating to four Suezmax tankers and two Aframax-sized tankers, which were sold between February 2025 and May 2025, as well as a write-down of $0.8 million relating to two of the Company's operating lease right-of-use assets.

6. Restructuring charges for the nine months ended September 30, 2025 relate to severance costs resulting from the termination of a management contract related to the Company's Australian operations; the severance costs were fully recovered from the customer, and the recovery was presented in Other revenues.

7. Equity income and gain on distribution from equity-accounted investment for the three and nine months ended September 30, 2025 relates to the Company's 50 percent interest in the High-Q Investments Ltd. joint venture, which owned one VLCC tanker. In August 2025, the Company completed the acquisition of the VLCC tanker from the joint venture. In addition, during the nine months ended September 30, 2026, equity income and gain on distribution from equity-accounted investment includes a cash distribution from the joint venture in the amount of $1.5 million. In August 2025, the Company received a cash distribution from the joint venture in the amount of $25.6 million, of which $0.4 million was used to fully repay the Company's advances to the joint venture. The net cash distribution of $25.2 million was $8.3 million in excess of the $16.9 million carrying amount of the Company's investment in the equity-accounted joint venture as at the end of the third quarter of 2025. The Company recognized the excess amount of $8.3 million as part of equity income and gain on distribution from equity-accounted investment during the three and nine months ended September 30, 2025.

8. Includes common shares related to non-forfeitable stock-based compensation.

Summary Consolidated Balance Sheets

(in thousands of U.S. dollars)

1. Short-term investments include various bank term deposits and short-term debt securities issued by the United States government that have initial maturity dates of more than three months but less than one year from the origination date.

2. Assets held for sale as at June 30, 2026 include one VLCC tanker, which was delivered to its purchaser in July 2026. Assets held for sale as at December 31, 2025 include one Suezmax tanker, which was delivered to its purchaser in January 2026.

3. Other non-current assets as at December 31, 2025 include payments of $99.0 million held in escrow for the acquisitions of three Aframax-sized tankers, which were completed in January 2026, and this amount that was previously recorded in other non-current assets is included as part of vessels and equipment as at June 30, 2026 and September 30, 2026.

(in thousands of U.S. dollars, except per share amounts)

1. Basic per share amounts.

2. The amount recorded for the three months ended September 30, 2026 relates to an income tax expense accrued in relation to the gain on sale of a vessel. The amount recorded for the three months ended September 30, 2025 relates to a gain on distribution received from the Company's equity-accounted joint venture and an unrealized gain on investment in marketable securities.

Appendix B - Supplemental Financial Information Summary Statement of Income

(in thousands of U.S. dollars)

1. Includes revenues of $37.3 million, $43.3 million and $30.4 million related to marine services from the Australian operations for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, as well as total vessel operating expenses and charter hire expenses of $33.4 million, $35.0 million and $28.9 million related to marine services from the Australian operations for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively. For the three months ended June 30, 2026, revenues include a $5.6 million recovery of certain crewing costs that were incurred in prior periods related to the Company's Australian operations.

Appendix C - Reconciliation of Non-GAAP Financial Measures Total Adjusted EBITDA

(in thousands of U.S. dollars)

1. The amount recorded for the three months ended September 30, 2026 relates to foreign exchange gains. The amount recorded for the three months ended June 30, 2026 relates to foreign exchange losses. The amount recorded for the three months ended September 30, 2025 relates to realized and unrealized gains on investment in marketable securities, dividend income and foreign exchange gains.

‌This release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements included in this release, other than statements of historical fact, are forward-looking statements. When used in this release, the words "expect", "believe", "anticipate", "plan", "intend", "estimate", "may", "will", "should" or similar words identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Forward-looking statements contained in this release include, among others, statements regarding: our expectations regarding vessel sales, acquisitions and newbuildings, including options for two additional Suezmax newbuildings, and the occurrence and timing of vessel deliveries; the Company's expectations regarding tanker charter-in and charter-out contracts, including the timing of expiry or extensions thereof; the timing of payments of cash dividends; any future dividends; geopolitical events and the impact thereof on the global economy, the industry and tanker market, and the Company's business; management's view of the tanker operating and rate environments, including expected spot tanker rates for the fourth quarter of 2026, and related effects on the Company and its operations; crude oil and refined product tanker market fundamentals, including expectations regarding oil supply and demand, as well as tonne-mile demand; the Company's ability to advance its fleet renewal plan, including its ability to leverage its integrated operating platform in the MR tanker sector; and the Company's liquidity and market position.

The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: potential changes to or termination of the Company's capital allocation plan or dividend policy; the declaration by the Company's Board of Directors of any future cash dividends on the Company's common shares; the Company's available cash and the levels of its capital needs; changes in the Company's liquidity and financial leverage; changes in the annual EBITDA levels of the Company's Australian operations; changes in tanker rates, including spot tanker market rate fluctuations, and in oil prices; changes in the production of, or demand for, oil or refined products and for tankers; changes in trading patterns affecting overall vessel tonnage requirements; the impact of geopolitical tensions and conflicts, including the U.S.-Israel war with Iran, disruptions of transit in the Strait of Hormuz, and the ongoing issues with the Bab el Mandeb Strait, the Israel and Hamas war, and the Russia-Ukraine war; the impact of imposed sanctions, tariffs, price caps, import and export and other restrictions; changes in global economic conditions; the interpretation and enforcement of U.S. and China port fee regulations and any changes to their current suspension; greater or less than anticipated levels of tanker newbuilding orders and deliveries and greater or less than anticipated rates of tanker scrapping; the potential for early termination of charter contracts on existing vessels in the Company's fleet; the inability of charterers to make future charter payments; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations, including those that may further regulate greenhouse gas emissions; increased costs; and other factors discussed in Teekay Tankers' filings from time to time with the SEC, including its Annual Report on Form 20-F for the fiscal year ended December 31, 2025. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.