Teekay Tankers Ltd. reported GAAP net income of $92.1 million and adjusted net income of $53.3 million for the year to date. For the third quarter of 2025, total revenues were $229.0 million, compared to $232.9 million in the second quarter of 2025 and $274.4 million in the third quarter of 2024. Voyage charter revenues for the third quarter of 2025 were $189.2 million, while time-charter revenues were $2.1 million and other revenues were $37.8 million. Voyage expenses for the third quarter of 2025 were $82.7 million, vessel operating expenses were $61.0 million, and charter hire expenses were $9.7 million. The increase in GAAP net income for the third quarter of 2025 compared to the second quarter was mainly due to a $25.9 million gain from the sale of three vessels, an $8.3 million gain on distribution from equity-accounted investment, and a $4.6 million unrealized gain on investment in marketable securities. In the second quarter of 2025, the company recorded a $13.9 million gain from the sale of two vessels. Teekay Tankers noted that spot tanker rates remained above the historical average for a third quarter, supported by increased seaborne crude oil trade volumes and the unwinding of OPEC+ supply cuts. The company stated that these trends have continued into the fourth quarter, with spot rates strengthening and market conditions anticipated to remain favorable.