Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It is also involved in the vessels management, procurement, and equipment rental businesses. The company was incorporated in 2007 …
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Competitive advantage assessment
Key strengths
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.97), with robust interest coverage.
ROIC Sustainably Above PeersROIC at 85.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 25.8th percentile with high volatility suggests weak pricing power or commoditized products.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.19), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Teekay Tankers Ltd. ranks #26 of 56
scored companies in Oil & Gas Midstream by moat score — the top 46%.
The widest moat in the group is Hess Midstream LP (HESM)
at 84/100.
Moat scores for companies ranked near TNK in Oil & Gas Midstream
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 58
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 24
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 63
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 82
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 63
· 15% of the moat score
Scale matters only when it converts into economics.
Teekay Tankers Ltd. (TNK) scores 53 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #26 of 56 scored companies in Oil & Gas Midstream, the top 46%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Oil & Gas Midstream. Its strongest defense is Resilience (82/100) and its weakest is Customer Stickiness (24/100).
How does Teekay Tankers Ltd. compare with other Oil & Gas Midstream companies?
Teekay Tankers Ltd. ranks #26 of 56 scored companies in Oil & Gas Midstream by moat score. The widest moat in Oil & Gas Midstream is Hess Midstream LP (HESM) at 84/100. The companies ranked closest are Imperial Petroleum Inc. - 8.75% (IMPPP) at 53 just above it and Imperial Petroleum Inc. (IMPP) at 53 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Oil & Gas Midstream. The defenses are then weighted to produce the overall score out of 100.
Why is Teekay Tankers Ltd. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Teekay Tankers Ltd.?
The Corporate Default template measures 6 defenses, and TNK scores: Pricing Power (32), Cost Advantage (58), Customer Stickiness (24), Capital Efficiency (63), Resilience (82), Scale & Market Position (63). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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