Teekay Key Executives
This section highlights Teekay's key executives, including their titles and compensation details.
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Teekay Earnings
This section highlights Teekay's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-20 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-04 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-09 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-03 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-03 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-11 | N/A | N/A |
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.
$6.69
Stock Price
$558.88M
Market Cap
2.30K
Employees
Hamilton, None
Location
Financial Statements
Access annual & quarterly financial statements for Teekay, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $1.22B | $1.46B | $1.19B | $682.51M | $1.82B |
| Cost of Revenue | $826.52M | $884.34M | $897.15M | $732.24M | $1.26B |
| Gross Profit | $393.86M | $580.63M | $293.03M | $-49.73M | $559.82M |
| Gross Profit Ratio | 32.27% | 39.63% | 24.62% | -7.30% | 30.83% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $61.06M | $57.59M | $57.55M | $74.39M | $79.23M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $61.06M | $57.59M | $57.55M | $74.39M | $79.23M |
| Other Expenses | $-32.45M | $-8.68M | $-7.88M | $-32.95M | $26.88M |
| Operating Expenses | $28.61M | $57.59M | $57.55M | $41.44M | $79.23M |
| Cost and Expenses | $855.13M | $933.25M | $954.70M | $773.67M | $1.34B |
| Interest Income | $37.22M | $24.13M | $6.69M | $169.00K | $8.34M |
| Interest Expense | $7.54M | $28.01M | $38.58M | $68.41M | $225.65M |
| Depreciation and Amortization | $93.58M | $97.55M | $99.03M | $106.08M | $131.38M |
| EBITDA | $503.15M | $655.14M | $348.67M | $-107.93M | $201.71M |
| EBITDA Ratio | 41.23% | 44.72% | 28.03% | -1.73% | 47.05% |
| Operating Income | $365.25M | $531.73M | $245.77M | $-185.35M | $593.15M |
| Operating Income Ratio | 29.93% | 36.30% | 20.65% | -27.16% | 32.67% |
| Total Other Income Expenses Net | $36.78M | $-2.14M | $-34.71M | $-97.07M | $-333.32M |
| Income Before Tax | $402.02M | $529.59M | $211.05M | $-282.43M | $99.97M |
| Income Before Tax Ratio | 32.94% | 36.15% | 17.73% | -41.38% | 5.51% |
| Income Tax Expense | $405.00K | $12.16M | $1.42M | $-4.96M | $8.99M |
| Net Income | $133.77M | $150.64M | $209.64M | $-277.46M | $90.98M |
| Net Income Ratio | 10.96% | 10.28% | 17.61% | -40.65% | 5.01% |
| EPS | $1.45 | $1.58 | $2.05 | $-2.72 | $0.90 |
| EPS Diluted | $1.42 | $1.54 | $2.05 | $-2.72 | $0.90 |
| Weighted Average Shares Outstanding | 91.29M | 94.48M | 102.12M | 102.15M | 101.05M |
| Weighted Average Shares Outstanding Diluted | 93.28M | 96.64M | 102.12M | 102.15M | 101.05M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $256.57M | $272.62M | $326.14M | $365.05M | $339.19M | $311.68M | $395.40M | $418.70M | $393.48M | $303.20M | $280.79M | $212.72M | $196.49M | $320.35M | $325.48M | $359.08M | $362.30M | $396.52M | $482.81M | $574.05M |
| Cost of Revenue | $200.38M | $200.86M | $205.91M | $219.38M | $224.46M | $216.60M | $221.25M | $222.03M | $227.83M | $226.08M | $239.04M | $204.19M | $200.78M | $275.29M | $275.94M | $274.37M | $287.03M | $298.65M | $295.34M | $374.83M |
| Gross Profit | $56.19M | $71.76M | $120.23M | $145.68M | $114.73M | $95.08M | $174.15M | $196.67M | $165.65M | $77.12M | $41.74M | $8.53M | $-4.29M | $45.07M | $49.54M | $84.71M | $75.27M | $97.87M | $187.46M | $199.22M |
| Gross Profit Ratio | 21.90% | 26.32% | 36.90% | 39.90% | 33.80% | 30.50% | 44.00% | 47.00% | 42.10% | 25.40% | 14.90% | 4.00% | -2.20% | 14.10% | 15.20% | 23.60% | 20.77% | 24.68% | 38.83% | 34.70% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $12.33M | $13.94M | $17.99M | $16.80M | $12.12M | $13.82M | $16.43M | $15.22M | $13.67M | $13.65M | $14.14M | $16.08M | $17.02M | $25.38M | $22.92M | $22.37M | $19.21M | $18.07M | $23.67M | $18.28M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $12.33M | $13.94M | $17.99M | $16.80M | $12.12M | $13.82M | $16.43M | $15.22M | $13.67M | $13.65M | $14.14M | $16.08M | $17.02M | $25.38M | $22.92M | $22.37M | $19.21M | $18.07M | $23.67M | $18.28M |
| Other Expenses | $-26.48M | $- | $-1.67M | $-1.07M | $3.35M | $-95.00K | $-645.00K | $-2.57M | $340.00K | $4.72M | $-249.00K | $-12.06M | $-6.43M | $-800.00K | $-4.64M | $-4.51M | $-2.35M | $-14.63M | $-399.00K | $44.26M |
| Operating Expenses | $-14.15M | $13.94M | $17.99M | $16.80M | $12.12M | $13.82M | $16.43M | $15.22M | $13.67M | $13.65M | $14.14M | $16.08M | $17.02M | $25.38M | $-10.03M | $22.37M | $19.21M | $18.07M | $23.67M | $18.28M |
| Cost and Expenses | $186.23M | $214.79M | $223.90M | $236.17M | $236.59M | $230.43M | $237.68M | $237.25M | $241.50M | $239.73M | $253.19M | $220.28M | $217.80M | $300.67M | $265.91M | $296.74M | $306.24M | $316.72M | $319.01M | $393.11M |
| Interest Income | $8.45M | $9.96M | $9.77M | $9.04M | $7.12M | $6.65M | $4.77M | $5.59M | $3.92M | $1.75M | $723.00K | $297.00K | $56.00K | $1.35M | $1.34M | $2.04M | $1.47M | $1.75M | $2.31M | $2.80M |
| Interest Expense | $798.00K | $844.00K | $1.00M | $4.90M | $4.21M | $6.46M | $5.96M | $11.38M | $9.76M | $9.40M | $9.41M | $10.00M | $15.41M | $47.27M | $48.69M | $48.94M | $50.71M | $53.17M | $59.24M | $62.52M |
| Depreciation and Amortization | $24.45M | $23.45M | $22.37M | $23.32M | $24.63M | $24.57M | $24.38M | $23.98M | $24.46M | $24.25M | $25.24M | $25.08M | $26.67M | $58.84M | $59.24M | $58.59M | $60.93M | $64.35M | $62.94M | $72.92M |
| EBITDA | $105.75M | $86.85M | $124.62M | $152.19M | $123.61M | $113.04M | $182.11M | $205.43M | $176.43M | $87.72M | $52.84M | $1.32M | $-17.78M | $-19.00M | $-17.02M | $12.63M | $69.89M | $144.15M | $226.73M | $188.92M |
| EBITDA Ratio | 41.22% | 31.86% | 38.21% | 41.69% | 37.51% | 36.27% | 47.55% | 50.06% | 40.14% | 31.14% | 18.66% | 2.36% | -20.22% | 36.66% | 44.12% | 43.34% | 19.45% | 39.26% | 54.68% | 52.82% |
| Operating Income | $70.33M | $57.82M | $102.24M | $128.88M | $102.61M | $81.25M | $157.67M | $179.84M | $148.16M | $83.39M | $26.79M | $-20.07M | $-27.09M | $18.98M | $-27.12M | $61.33M | $25.80M | $11.38M | $148.50M | $128.90M |
| Operating Income Ratio | 27.41% | 21.21% | 31.35% | 35.30% | 30.25% | 26.07% | 39.88% | 42.95% | 37.65% | 27.50% | 9.54% | -9.43% | -13.79% | 5.93% | -8.33% | 17.08% | 7.12% | 2.87% | 30.76% | 22.45% |
| Total Other Income Expenses Net | $10.17M | $4.74M | $11.80M | $-7.28M | $4.59M | $762.00K | $-168.00K | $-7.32M | $-3.22M | $-1.01M | $-9.30M | $-21.18M | $-32.77M | $-21.69M | $-94.16M | $75.19M | $-52.26M | $-49.07M | $-40.18M | $-73.10M |
| Income Before Tax | $80.51M | $62.56M | $114.04M | $144.92M | $117.56M | $82.02M | $158.14M | $172.51M | $144.95M | $82.37M | $17.49M | $-33.12M | $-59.86M | $10.99M | $-57.81M | $60.12M | $-26.46M | $-37.69M | $108.33M | $55.79M |
| Income Before Tax Ratio | 31.38% | 22.95% | 34.97% | 39.70% | 34.66% | 26.31% | 40.00% | 41.20% | 36.84% | 27.17% | 6.23% | -15.57% | -30.46% | 3.43% | -17.76% | 16.74% | -7.30% | -9.50% | 22.44% | 9.72% |
| Income Tax Expense | $-994.00K | $457.00K | $3.79M | $-2.85M | $2.58M | $-2.11M | $9.74M | $2.60M | $1.12M | $1.52M | $-585.00K | $-30.96M | $-1.56M | $1.41M | $-204.00K | $-1.39M | $18.67M | $3.70M | $-17.18M | $3.79M |
| Net Income | $25.24M | $20.07M | $33.82M | $54.64M | $35.38M | $26.16M | $40.34M | $169.91M | $143.82M | $80.86M | $18.08M | $-2.16M | $-17.39M | $-2.91M | $-1.84M | $29.95M | $-19.44M | $-35.41M | $21.72M | $-49.80M |
| Net Income Ratio | 9.84% | 7.36% | 10.37% | 14.97% | 10.43% | 8.39% | 10.20% | 40.58% | 36.55% | 26.67% | 6.44% | -1.02% | -8.85% | -0.91% | -0.57% | 8.34% | -5.37% | -8.93% | 4.50% | -8.68% |
| EPS | $0.27 | $0.22 | $0.36 | $0.59 | $0.38 | $0.28 | $0.43 | $1.72 | $1.42 | $0.79 | $0.18 | $-0.02 | $-0.17 | $-0.03 | $-0.02 | $0.30 | $-0.19 | $-0.35 | $0.21 | $-0.49 |
| EPS Diluted | $0.27 | $0.21 | $0.36 | $0.57 | $0.37 | $0.28 | $0.42 | $1.69 | $1.38 | $0.77 | $0.17 | $-0.02 | $-0.17 | $-0.03 | $-0.02 | $0.30 | $-0.19 | $-0.35 | $0.21 | $-0.49 |
| Weighted Average Shares Outstanding | 91.29M | 92.36M | 93.12M | 92.80M | 92.33M | 92.78M | 94.40M | 98.52M | 101.03M | 102.61M | 102.50M | 102.35M | 102.32M | 102.11M | 101.04M | 101.17M | 101.11M | 101.11M | 101.11M | 100.89M |
| Weighted Average Shares Outstanding Diluted | 93.28M | 94.24M | 95.19M | 95.03M | 94.57M | 94.86M | 96.75M | 100.48M | 103.86M | 104.71M | 104.65M | 102.35M | 102.32M | 102.31M | 101.33M | 101.17M | 101.11M | 101.11M | 101.20M | 100.89M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $685.33M | $480.08M | $309.86M | $108.98M | $348.79M |
| Short Term Investments | $32.44M | $172.60M | $210.00M | $12.01M | $14.83M |
| Cash and Short Term Investments | $717.77M | $652.68M | $519.86M | $108.98M | $348.79M |
| Net Receivables | $140.92M | $187.82M | $223.76M | $116.46M | $191.98M |
| Inventory | $45.99M | $53.22M | $60.83M | $-116.43M | $73.31M |
| Other Current Assets | $22.37M | $28.23M | $19.16M | $4.91B | $369.25M |
| Total Current Assets | $927.06M | $921.95M | $826.74M | $5.13B | $721.11M |
| Property Plant Equipment Net | $1.18B | $1.23B | $1.30B | $1.35B | $4.48B |
| Goodwill | $24.00M | $2.40M | $24.59M | $24.44M | $38.06M |
| Intangible Assets | $300.00K | $700.00K | $1.05M | $1.49M | $36.50M |
| Goodwill and Intangible Assets | $24.30M | $3.10M | $25.65M | $25.94M | $74.56M |
| Long Term Investments | $16.00M | $15.73M | $16.20M | $24.96M | $1.60B |
| Tax Assets | $- | $- | $-25.65M | $-25.94M | $-74.56M |
| Other Non-Current Assets | $- | $21.34M | $25.65M | $25.94M | $137.08M |
| Total Non-Current Assets | $1.22B | $1.27B | $1.34B | $1.40B | $6.22B |
| Other Assets | $1.49M | $- | $- | $- | $- |
| Total Assets | $2.15B | $2.20B | $2.16B | $6.53B | $6.95B |
| Account Payables | $25.71M | $33.95M | $47.37M | $41.08M | $119.28M |
| Short Term Debt | $28.14M | $58.93M | $100.16M | $318.87M | $113.29M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $2.53M | $3.40M | $1.65M | $852.00K | $34.46M |
| Other Current Liabilities | $76.20M | $76.54M | $83.09M | $2.98B | $670.46M |
| Total Current Liabilities | $132.58M | $172.82M | $215.69M | $3.33B | $877.93M |
| Long Term Debt | $37.41M | $168.28M | $509.99M | $688.49M | $876.04M |
| Deferred Revenue Non-Current | $- | $- | $-42.48M | $- | $23.73M |
| Deferred Tax Liabilities Non-Current | $41.40M | $47.81M | $42.48M | $- | $-23.73M |
| Other Non-Current Liabilities | $6.55M | $7.38M | $52.97M | $72.51M | $2.67B |
| Total Non-Current Liabilities | $85.37M | $223.47M | $579.55M | $770.39M | $3.60B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $217.95M | $396.29M | $795.24M | $4.10B | $4.47B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $876.63M | $945.47M | $1.02B | $1.05B | $1.06B |
| Retained Earnings | $-166.87M | $-213.19M | $-396.61M | $-513.24M | $-527.03M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $-1.97M | $-25.51M | $-48.88M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $709.76M | $732.28M | $623.46M | $515.05M | $481.41M |
| Total Equity | $1.94B | $1.80B | $1.37B | $2.43B | $2.47B |
| Total Liabilities and Stockholders Equity | $2.15B | $2.20B | $2.16B | $6.53B | $6.95B |
| Minority Interest | $1.23B | $1.07B | $746.14M | $1.92B | $1.99B |
| Total Liabilities and Total Equity | $2.15B | $2.20B | $2.16B | $6.53B | $6.95B |
| Total Investments | $48.44M | $188.34M | $226.20M | $36.97M | $1.62B |
| Total Debt | $65.55M | $227.20M | $597.39M | $1.01B | $3.82B |
| Net Debt | $-619.78M | $-252.88M | $287.53M | $896.24M | $3.47B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $685.33M | $691.65M | $689.18M | $550.69M | $480.77M | $416.02M | $314.89M | $252.52M | $309.86M | $182.81M | $143.62M | $111.61M | $108.98M | $235.97M | $258.35M | $284.07M | $348.79M | $376.56M | $461.15M | $564.40M |
| Short Term Investments | $32.44M | $52.28M | $66.11M | $110.39M | $172.60M | $95.21M | $136.31M | $208.25M | $210.00M | $246.76M | $232.01M | $220.00M | $12.01M | $29.21M | $14.65M | $14.89M | $14.83M | $14.69M | $14.92M | $80.72M |
| Cash and Short Term Investments | $717.77M | $743.93M | $755.28M | $661.09M | $653.38M | $511.24M | $451.20M | $460.77M | $519.86M | $429.57M | $375.62M | $331.61M | $108.98M | $265.18M | $273.00M | $298.97M | $348.79M | $391.25M | $476.07M | $645.12M |
| Net Receivables | $140.92M | $140.76M | $180.48M | $195.28M | $187.82M | $193.40M | $229.11M | $261.43M | $223.76M | $177.78M | $176.82M | $153.41M | $116.46M | $123.60M | $144.75M | $207.61M | $191.98M | $207.93M | $247.33M | $345.58M |
| Inventory | $45.99M | $45.44M | $49.76M | $54.87M | $53.22M | $51.68M | $56.80M | $64.42M | $60.83M | $66.17M | $84.71M | $62.73M | $-59.92M | $104.47M | $104.62M | $84.59M | $73.31M | $1 | $- | $- |
| Other Current Assets | $22.37M | $56.26M | $53.85M | $52.48M | $28.23M | $13.84M | $16.62M | $21.66M | $19.16M | $17.75M | $39.31M | $42.74M | $4.91B | $127.52M | $120.40M | $100.08M | $382.73M | $97.08M | $109.66M | $186.11M |
| Total Current Assets | $927.06M | $986.39M | $1.04B | $963.03M | $921.95M | $770.16M | $753.04M | $808.28M | $826.74M | $691.33M | $665.67M | $581.61M | $5.13B | $516.30M | $549.54M | $606.65M | $721.11M | $681.57M | $811.12M | $1.10B |
| Property Plant Equipment Net | $1.18B | $1.21B | $1.15B | $1.17B | $1.23B | $1.28B | $1.30B | $1.32B | $1.30B | $1.29B | $1.29B | $1.33B | $1.35B | $4.26B | $4.28B | $4.41B | $4.48B | $4.59B | $4.70B | $4.75B |
| Goodwill | $24.00M | $- | $32.99M | $27.30M | $2.40M | $- | $- | $1.09M | $24.59M | $2.11M | $1.67M | $1.88M | $24.44M | $5.43M | $7.03M | $9.70M | $38.06M | $1 | $1 | $1 |
| Intangible Assets | $300.00K | $390.00K | $3.92M | $712.00K | $22.04M | $23.92M | $26.43M | $22.71M | $1.05M | $24.12M | $20.27M | $21.50M | $1.49M | $125.56M | $123.17M | $134.62M | $36.50M | $128.87M | $130.20M | $130.05M |
| Goodwill and Intangible Assets | $24.30M | $390.00K | $36.91M | $28.01M | $24.43M | $23.92M | $26.43M | $23.80M | $25.65M | $26.23M | $21.95M | $23.37M | $25.94M | $130.99M | $130.20M | $144.32M | $74.56M | $128.87M | $130.20M | $130.05M |
| Long Term Investments | $16.00M | $15.38M | $18.68M | $17.78M | $15.73M | $15.21M | $16.55M | $17.33M | $16.20M | $14.49M | $14.27M | $24.21M | $24.96M | $1.65B | $1.63B | $1.64B | $1.60B | $1.63B | $1.64B | $1.63B |
| Tax Assets | $- | $- | $-36.91M | $-28.01M | $122.97M | $-23.92M | $-26.43M | $- | $-25.65M | $- | $- | $-23.37M | $-25.94M | $- | $- | $- | $-74.56M | $- | $- | $- |
| Other Non-Current Assets | $- | $25.46M | $36.91M | $28.01M | $-2.16M | $23.92M | $27.13M | $3.13M | $25.65M | $3.13M | $3.13M | $23.37M | $25.94M | $40.33M | $40.52M | $42.17M | $137.08M | $50.07M | $61.95M | $83.41M |
| Total Non-Current Assets | $1.22B | $1.25B | $1.21B | $1.21B | $1.40B | $1.32B | $1.35B | $1.37B | $1.34B | $1.33B | $1.33B | $1.38B | $1.40B | $6.09B | $6.09B | $6.24B | $6.22B | $6.40B | $6.53B | $6.59B |
| Other Assets | $1.49M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.15B | $2.23B | $2.25B | $2.17B | $2.32B | $2.09B | $2.10B | $2.18B | $2.16B | $2.02B | $2.00B | $1.96B | $6.53B | $6.60B | $6.64B | $6.84B | $6.95B | $7.08B | $7.35B | $7.68B |
| Account Payables | $25.71M | $25.69M | $31.80M | $30.00M | $33.95M | $32.50M | $40.62M | $47.70M | $47.37M | $37.75M | $38.84M | $48.42M | $41.08M | $75.74M | $103.99M | $135.15M | $119.28M | $117.41M | $137.91M | $133.22M |
| Short Term Debt | $28.14M | $30.93M | $35.85M | $3.03M | $58.93M | $62.21M | $62.03M | $76.44M | $100.16M | $118.02M | $117.69M | $109.96M | $318.87M | $523.45M | $619.23M | $676.73M | $113.29M | $518.51M | $527.13M | $686.03M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $2.53M | $3.32M | $- | $2.53M | $3.40M | $2.04M | $6.19M | $8.29M | $1.65M | $558.00K | $- | $-174.45M | $852.00K | $21.08M | $17.80M | $25.53M | $34.46M | $36.52M | $39.75M | $31.91M |
| Other Current Liabilities | $76.20M | $84.34M | $47.93M | $33.23M | $76.54M | $70.82M | $67.03M | $84.69M | $83.09M | $80.05M | $108.34M | $83.28M | $2.98B | $202.94M | $185.54M | $179.72M | $670.46M | $275.39M | $239.64M | $217.33M |
| Total Current Liabilities | $132.58M | $144.29M | $115.58M | $99.59M | $172.82M | $165.53M | $144.67M | $208.84M | $215.69M | $235.81M | $264.88M | $241.66M | $3.33B | $823.21M | $926.56M | $1.02B | $877.93M | $911.31M | $904.68M | $1.04B |
| Long Term Debt | $37.41M | $36.12M | $41.20M | $46.13M | $168.28M | $180.16M | $422.17M | $387.47M | $499.46M | $990.60M | $547.02M | $537.75M | $688.49M | $3.17B | $3.09B | $3.08B | $3.38B | $3.45B | $3.63B | $4.01B |
| Deferred Revenue Non-Current | $- | $- | $- | $-23.43M | $40.43M | $6.41M | $-50.16M | $- | $-42.48M | $- | $- | $- | $- | $21.97M | $21.57M | $22.63M | $23.73M | $24.98M | $26.22M | $27.86M |
| Deferred Tax Liabilities Non-Current | $41.40M | $43.47M | $- | $43.17M | $120.81M | $46.20M | $50.16M | $44.62M | $42.48M | $41.15M | $- | $- | $- | $43.87M | $50.24M | $88.69M | $-23.73M | $45.01M | $41.19M | $65.49M |
| Other Non-Current Liabilities | $6.55M | $6.10M | $86.35M | $52.08M | $135.57M | $46.71M | $-122.18M | $51.63M | $63.51M | $-437.13M | $52.42M | $66.63M | $72.51M | $82.95M | $85.61M | $85.55M | $164.98M | $117.22M | $151.99M | $145.71M |
| Total Non-Current Liabilities | $85.37M | $85.69M | $127.56M | $129.00M | $344.28M | $233.27M | $337.38M | $439.11M | $579.55M | $553.46M | $599.44M | $604.38M | $770.39M | $3.32B | $3.25B | $3.27B | $3.60B | $3.64B | $3.85B | $4.16B |
| Other Liabilities | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $217.95M | $229.98M | $243.14M | $228.60M | $517.10M | $398.81M | $482.05M | $647.94M | $795.24M | $789.28M | $864.32M | $846.04M | $4.10B | $4.14B | $4.17B | $4.29B | $4.47B | $4.55B | $4.76B | $5.20B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $1.95M | $- | $2.85M | $2.89M | $2.93M | $- | $- | $- | $- | $1 | $1 | $1 | $- |
| Common Stock | $876.63M | $910.24M | $949.92M | $946.23M | $945.47M | $948.54M | $953.14M | $997.84M | $1.02B | $1.04B | $1.05B | $1.05B | $1.05B | $1.05B | $1.05B | $1.05B | $1.06B | $1.06B | $1.05B | $1.05B |
| Retained Earnings | $-166.87M | $-105.87M | $-126.71M | $-159.90M | $-213.19M | $-250.55M | $-278.39M | $-336.79M | $-396.61M | $-446.94M | $-487.64M | $-492.63M | $-513.24M | $-501.82M | $-498.80M | $-497.10M | $-527.03M | $-507.46M | $-472.25M | $-610.79M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $0 | $0 | $0 | $- | $-1.95M | $-1.97M | $-2.85M | $-2.89M | $-2.93M | $-25.51M | $-32.25M | $-35.76M | $-31.02M | $-48.88M | $-51.83M | $-53.67M | $-41.68M |
| Other Total Stockholders Equity | $- | $- | $- | $-0 | $- | $- | $- | $-1.95M | $- | $-2.85M | $- | $-1 | $- | $- | $- | $- | $-1 | $-1 | $-1 | $- |
| Total Stockholders Equity | $709.76M | $804.36M | $823.21M | $786.34M | $732.28M | $697.99M | $674.75M | $659.10M | $623.46M | $591.91M | $564.05M | $558.49M | $515.05M | $518.99M | $518.34M | $523.81M | $481.41M | $496.82M | $528.97M | $401.05M |
| Total Equity | $1.94B | $2.00B | $2.01B | $1.95B | $1.80B | $1.69B | $1.62B | $1.53B | $1.37B | $1.23B | $1.13B | $1.11B | $2.43B | $2.46B | $2.46B | $2.55B | $2.47B | $2.53B | $2.59B | $2.49B |
| Total Liabilities and Stockholders Equity | $2.15B | $2.23B | $2.25B | $2.17B | $2.32B | $2.09B | $2.10B | $2.18B | $2.16B | $2.02B | $2.00B | $1.96B | $6.53B | $6.60B | $6.64B | $6.84B | $6.95B | $7.08B | $7.35B | $7.68B |
| Minority Interest | $1.23B | $1.20B | $1.18B | $1.16B | $1.07B | $993.74M | $941.38M | $868.15M | $746.14M | $640.04M | $567.31M | $554.11M | $1.92B | $1.94B | $1.94B | $2.03B | $1.99B | $2.03B | $2.06B | $2.09B |
| Total Liabilities and Total Equity | $2.15B | $2.23B | $2.25B | $2.17B | $2.32B | $2.09B | $2.10B | $2.18B | $2.16B | $2.02B | $2.00B | $1.96B | $6.53B | $6.60B | $6.64B | $6.84B | $6.95B | $7.08B | $7.35B | $7.68B |
| Total Investments | $48.44M | $67.66M | $84.79M | $128.17M | $188.34M | $110.42M | $152.86M | $225.58M | $226.20M | $261.25M | $246.28M | $244.21M | $24.96M | $1.68B | $1.65B | $1.66B | $1.60B | $1.65B | $1.66B | $1.71B |
| Total Debt | $65.55M | $67.05M | $63.70M | $65.87M | $215.91M | $242.37M | $298.95M | $463.91M | $597.39M | $620.84M | $664.72M | $647.71M | $1.01B | $3.69B | $3.71B | $3.75B | $3.82B | $3.93B | $4.13B | $4.54B |
| Net Debt | $-619.78M | $-624.60M | $-625.47M | $-484.82M | $-264.86M | $-173.66M | $-15.94M | $211.39M | $287.53M | $438.03M | $521.10M | $536.10M | $896.24M | $3.46B | $3.45B | $3.47B | $3.47B | $3.56B | $3.66B | $3.97B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $401.62M | $150.64M | $189.36M | $-277.46M | $90.98M |
| Depreciation and Amortization | $93.58M | $97.55M | $99.03M | $106.08M | $261.13M |
| Deferred Income Tax | $- | $-4.30M | $-4.00M | $-3.28M | $8.99M |
| Stock Based Compensation | $- | $- | $4.00M | $3.30M | $5.00M |
| Change in Working Capital | $39.70M | $6.34M | $-127.59M | $-65.55M | $99.17M |
| Accounts Receivables | $35.23M | $23.04M | $-80.89M | $83.46M | $38.59M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $-8.25M | $-13.42M | $6.29M | $-77.97M | $-6.58M |
| Other Working Capital | $12.72M | $-3.29M | $-53.00M | $-71.03M | $67.16M |
| Other Non Cash Items | $-67.72M | $379.59M | $38.35M | $312.91M | $293.56M |
| Net Cash Provided by Operating Activities | $467.19M | $629.82M | $199.15M | $75.99M | $984.02M |
| Investments in Property Plant and Equipment | $-70.50M | $-10.20M | $-15.43M | $-21.45M | $-26.51M |
| Acquisitions Net | $2.50M | $23.56M | $451.79M | $58.09M | $-991.00K |
| Purchases of Investments | $-21.04M | $- | $-210.00M | $-59.59M | $-4.65M |
| Sales Maturities of Investments | $162.60M | $- | $- | $1.50M | $4.65M |
| Other Investing Activities | $83.94M | $41.30M | $82.62M | $28.62M | $90.56M |
| Net Cash Used for Investing Activities | $157.50M | $54.66M | $308.98M | $7.17M | $63.06M |
| Debt Repayment | $-142.17M | $-420.50M | $-459.12M | $-198.99M | $-470.53M |
| Common Stock Issued | $- | $- | $22.81M | $- | $- |
| Common Stock Repurchased | $-116.30M | $-55.48M | $-20.64M | $-4.75M | $-15.63M |
| Dividends Paid | $-85.02M | $- | $- | $-75.30M | $-31.76M |
| Other Financing Activities | $-72.97M | $-48.07M | $- | $-21.92M | $-595.22M |
| Net Cash Used Provided by Financing Activities | $-416.45M | $-524.05M | $-456.95M | $-223.53M | $-1.10B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $208.23M | $164.06M | $51.19M | $-140.37M | $-50.44M |
| Cash at End of Period | $689.00M | $480.77M | $316.71M | $265.52M | $405.89M |
| Cash at Beginning of Period | $480.77M | $316.71M | $265.52M | $405.89M | $456.32M |
| Operating Cash Flow | $467.19M | $633.46M | $199.15M | $75.99M | $984.02M |
| Capital Expenditure | $-75.34M | $-10.20M | $-15.43M | $-21.45M | $-26.51M |
| Free Cash Flow | $391.84M | $623.26M | $183.72M | $54.54M | $957.51M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $81.50M | $62.11M | $33.82M | $54.64M | $35.38M | $84.12M | $148.41M | $169.91M | $143.82M | $80.86M | $18.08M | $-53.40M | $-290.94M | $9.58M | $-57.60M | $61.50M | $-45.13M | $-41.39M | $125.50M | $52.00M |
| Depreciation and Amortization | $24.45M | $23.45M | $22.37M | $23.32M | $24.63M | $24.57M | $24.38M | $23.98M | $24.46M | $24.25M | $25.24M | $25.08M | $-70.58M | $58.84M | $59.24M | $58.59M | $60.93M | $64.35M | $62.94M | $72.92M |
| Deferred Income Tax | $- | $- | $- | $- | $-4.30M | $- | $- | $- | $-4.00M | $- | $- | $- | $1.39M | $- | $- | $-1.39M | $18.67M | $3.70M | $-17.18M | $3.79M |
| Stock Based Compensation | $- | $- | $- | $- | $4.30M | $- | $- | $- | $4.00M | $- | $- | $- | $3.30M | $- | $- | $- | $5.17M | $- | $- | $- |
| Change in Working Capital | $-7.96M | $45.48M | $22.34M | $-27.32M | $7.78M | $35.88M | $13.56M | $-44.67M | $-23.03M | $-15.22M | $-38.88M | $-50.46M | $21.48M | $-1.72M | $423.00K | $-85.73M | $6.86M | $16.33M | $94.50M | $-18.52M |
| Accounts Receivables | $- | $- | $- | $- | $23.04M | $- | $- | $- | $-80.89M | $- | $- | $- | $83.46M | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-7.96M | $45.48M | $22.34M | $-27.32M | $-15.26M | $35.88M | $13.56M | $-44.67M | $57.85M | $-15.22M | $-38.88M | $-50.46M | $21.48M | $-1.72M | $-10.54M | $-89.92M | $-312.74M | $327.00K | $423.04M | $-18.52M |
| Other Non Cash Items | $-37.40M | $-15.37M | $126.75M | $126.41M | $69.81M | $-8.45M | $17.94M | $6.22M | $-1.38M | $-21.51M | $-2.27M | $63.51M | $367.05M | $-41.24M | $37.32M | $-4.18M | $43.39M | $-16.00M | $66.77M | $261.77M |
| Net Cash Provided by Operating Activities | $60.58M | $115.66M | $160.54M | $130.40M | $137.60M | $136.13M | $204.29M | $155.43M | $143.87M | $68.37M | $2.18M | $-15.27M | $31.67M | $25.46M | $39.38M | $-20.52M | $89.88M | $118.44M | $336.73M | $438.96M |
| Investments in Property Plant and Equipment | $-295.00K | $-695.00K | $-3.28M | $-570.00K | $-4.22M | $-3.27M | $-2.26M | $-442.00K | $-3.92M | $-4.10M | $-3.34M | $-4.07M | $40.51M | $-20.42M | $-11.99M | $-8.10M | $-8.04M | $-5.64M | $-4.14M | $-8.69M |
| Acquisitions Net | $- | $- | $- | $23.43M | $23.56M | $2.00M | $1.90M | $- | $-3.00M | $38.10M | $28.52M | $470.79M | $13.41M | $11.99M | $- | $32.69M | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $41.30M | $-43.10M | $-73.84M | $- | $35.00M | $-25.00M | $-3.00M | $-220.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $42.28M | $13.83M | $44.29M | $62.21M | $-77.39M | $43.10M | $73.84M | $1.75M | $- | $-38.10M | $-25.52M | $- | $-10.33M | $- | $11.83M | $- | $- | $- | $- | $- |
| Other Investing Activities | $44.31M | $-60.95M | $-7.05M | $85.64M | $-41.30M | $41.10M | $71.94M | $1.75M | $3.00M | $38.10M | $25.52M | $470.79M | $-49.34M | $11.99M | $11.83M | $32.69M | $5.46M | $13.91M | $13.72M | $56.48M |
| Net Cash Used for Investing Activities | $86.29M | $-47.82M | $33.95M | $85.07M | $-58.06M | $39.83M | $71.58M | $1.31M | $31.08M | $9.00M | $22.18M | $246.72M | $-8.83M | $-8.43M | $-156.00K | $24.58M | $-2.58M | $8.26M | $9.58M | $47.80M |
| Debt Repayment | $- | $- | $- | $-142.17M | $-5.21M | $-65.42M | $-152.03M | $-198.83M | $-37.64M | $-55.99M | $8.29M | $-376.78M | $-213.37M | $-17.66M | $-64.01M | $-55.95M | $428.52M | $-211.01M | $-432.55M | $-220.49M |
| Common Stock Issued | $- | $- | $2.29M | $- | $- | $- | $- | $- | $- | $22.80M | $112.78M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-59.58M | $-56.63M | $- | $-86.00K | $-4.05M | $-3.48M | $-33.10M | $-14.85M | $-10.06M | $-5.30M | $- | $-5.27M | $-4.75M | $- | $- | $- | $15.63M | $- | $- | $-15.63M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-75.30M | $- | $- | $- | $-31.76M | $- | $- | $- |
| Other Financing Activities | $-90.61M | $-8.75M | $-56.01M | $-2.62M | $-6.23M | $-5.94M | $-34.50M | $-410.00K | $784.00K | $533.00K | $-332.00K | $-3.25M | $248.48M | $-22.00M | $269.00K | $-19.24M | $-536.35M | $-12.57M | $-64.96M | $-16.35M |
| Net Cash Used Provided by Financing Activities | $-150.19M | $-65.38M | $-56.01M | $-144.87M | $-15.49M | $-74.83M | $-219.64M | $-214.09M | $-46.92M | $-37.95M | $7.96M | $-380.03M | $-44.94M | $-39.66M | $-63.74M | $-75.19M | $-123.95M | $-223.57M | $-497.51M | $-252.48M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-691.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-3.32M | $2.46M | $138.49M | $69.92M | $64.06M | $101.12M | $56.24M | $-57.35M | $128.03M | $39.42M | $32.31M | $-148.58M | $-22.10M | $-22.63M | $-24.52M | $-71.12M | $-36.66M | $-96.87M | $-151.19M | $234.28M |
| Cash at End of Period | $689.00M | $692.32M | $689.18M | $550.69M | $480.77M | $416.72M | $315.60M | $259.36M | $316.71M | $188.68M | $149.25M | $116.94M | $265.52M | $287.62M | $310.25M | $334.77M | $405.89M | $442.55M | $539.42M | $690.61M |
| Cash at Beginning of Period | $692.32M | $689.86M | $550.69M | $480.77M | $416.72M | $315.60M | $259.36M | $316.71M | $188.68M | $149.25M | $116.94M | $265.52M | $287.62M | $310.25M | $334.77M | $405.89M | $442.55M | $539.42M | $690.61M | $456.32M |
| Operating Cash Flow | $60.58M | $115.66M | $160.54M | $130.40M | $137.60M | $136.13M | $204.29M | $155.43M | $143.87M | $68.37M | $2.18M | $-15.27M | $31.67M | $25.46M | $39.38M | $-20.52M | $89.88M | $118.44M | $336.73M | $438.96M |
| Capital Expenditure | $-295.00K | $-64.14M | $-3.28M | $-570.00K | $-4.22M | $-3.27M | $-2.26M | $-442.00K | $-3.92M | $-4.10M | $-3.34M | $-4.07M | $40.51M | $-20.42M | $-11.99M | $-8.10M | $-8.04M | $-5.64M | $-4.14M | $-8.69M |
| Free Cash Flow | $60.28M | $51.51M | $157.26M | $129.83M | $133.38M | $132.85M | $202.03M | $154.99M | $139.96M | $64.27M | $-1.17M | $-19.34M | $72.17M | $5.04M | $27.39M | $-28.62M | $81.84M | $112.80M | $332.60M | $430.27M |
Teekay Dividends
Explore Teekay's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
13.44%
Dividend Payout Ratio
63.56%
Dividend Paid & Capex Coverage Ratio
2.91x
Teekay Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $1 | $1 | December 04, 2024 | December 04, 2024 | December 18, 2024 | October 30, 2024 |
| $2.25 | $2.25 | May 20, 2024 | May 21, 2024 | May 31, 2024 | May 09, 2024 |
| $0.2875 | $0.2875 | November 04, 2021 | |||
| $0.055 | $0.055 | January 31, 2019 | February 01, 2019 | February 14, 2019 | January 08, 2019 |
| $0.055 | $0.055 | November 01, 2018 | November 02, 2018 | November 14, 2018 | October 03, 2018 |
| $0.055 | $0.055 | August 02, 2018 | August 03, 2018 | August 15, 2018 | July 05, 2018 |
| $0.055 | $0.055 | May 03, 2018 | May 04, 2018 | May 16, 2018 | April 04, 2018 |
| $0.055 | $0.055 | February 01, 2018 | February 02, 2018 | February 14, 2018 | January 04, 2018 |
| $0.055 | $0.055 | November 02, 2017 | November 03, 2017 | November 15, 2017 | October 03, 2017 |
| $0.055 | $0.055 | August 02, 2017 | August 04, 2017 | August 16, 2017 | July 07, 2017 |
| $0.055 | $0.055 | May 03, 2017 | May 05, 2017 | May 17, 2017 | April 17, 2017 |
| $0.055 | $0.055 | January 25, 2017 | January 27, 2017 | February 15, 2017 | January 05, 2017 |
| $0.055 | $0.055 | October 26, 2016 | October 28, 2016 | November 16, 2016 | October 05, 2016 |
| $0.055 | $0.055 | July 27, 2016 | July 29, 2016 | August 17, 2016 | July 08, 2016 |
| $0.055 | $0.055 | April 27, 2016 | April 29, 2016 | May 19, 2016 | April 04, 2016 |
| $0.055 | $0.055 | February 03, 2016 | February 05, 2016 | February 18, 2016 | January 21, 2016 |
| $0.55 | $0.55 | October 14, 2015 | October 16, 2015 | November 19, 2015 | October 05, 2015 |
| $0.55 | $0.55 | July 15, 2015 | July 17, 2015 | July 31, 2015 | July 06, 2015 |
| $0.31625 | $0.31625 | April 15, 2015 | April 17, 2015 | April 30, 2015 | April 06, 2015 |
| $0.31625 | $0.31625 | January 15, 2015 | January 20, 2015 | January 30, 2015 | January 02, 2015 |
Teekay News
Read the latest news about Teekay, including recent articles, headlines, and updates.
Teekay Corporation: Debt Free Crude Tanker Exposure At A Discount - Buy
Teekay Corporation Ltd. reported profitable fourth quarter and full year 2024 results, which were again driven by the performance of its main consolidated subsidiary, Teekay Tankers. However, cash decreased by almost $100 million on a sequential basis due to a large special dividend payment, persistent share buybacks and the acquisition of additional Teekay Tankers shares. While Teekay Tankers continues to generate substantial amounts of cash, capital allocation concerns have resulted in shares currently changing hands at an almost 40% discount to net asset value.
Teekay Corporation Ltd. (TK) Q4 2024 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TK ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Kenneth Hvid - President, CEO & Director Christian Waldegrave - Director, Research & Commercial Performance Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Merrill Lynch Operator Welcome to the Teekay Group Fourth Quarter 2024 Earnings Results Conference Call.
Teekay Corporation Ltd. Reports Fourth Quarter and Annual 2024 Results
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2024 Results and Declares Dividend
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and the year ended December 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2024. The cash dividend is payable on March 14, 2025 to all shareholders of record as at March 3, 2025.
Teekay Group to Announce Fourth Quarter and Annual 2024 Earnings Results on February 19, 2025
HAMILTON, Bermuda, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the fourth quarter and annual 2024 after market close on Wednesday, February 19, 2025.
Teekay Tankers: Valuation Secured By Scrap Value And Huge Cash Pile
Teekay Tankers is undervalued, trading near scrap value, despite a fleet with 10 years of operational life and strong free cash flow. The company has a solid financial position with no debt and $462.9 million in cash, aiming to renew its aging fleet. Despite lower expected rates, TNK's fair value is estimated at $50 per share, offering significant upside potential and limited downside risk.
Teekay Corporation: Offering Exposure To Teekay Tankers At A Discount
At the end of October 2024, Teekay Corporation owned 10.6 million Class A and Class B common shares of Teekay Tankers, currently worth ~$403 million. After the Teekay Tankers holdings, the second-largest asset of Teekay Corporation is a net cash position of $281.1 million. Once Teekay Tankers and Teekay Corporation are combined, the net cash balance increases to $744.6 million, which is unparalleled in the tanker industry.
Teekay Group Announces Changes to Boards of Directors
HAMILTON, Bermuda, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) announced today the following changes to their respective Boards of Directors, which are effective as of December 31, 2024. The changes further streamline and simplify the Teekay Group, and align with the previously announced goal of having Teekay Tankers serve as the sole operating platform within the Teekay Group and Teekay focusing on managing its controlling interest in Teekay Tankers:
Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash
Despite large declines in spot rates over the last few months, Teekay Tanker is still generating significant free cash flows. Spot rates would have to fall by another 50% before Teekay becomes neutral on a free cash flow basis. Even if it occurs, the company would be supported by its net cash balance of $463.5 million, which represents 35% of the market cap.
Teekay: Discounted Bet On The Medium-Size Crude Tanker Markets - Buy (Rating Upgrade)
Teekay Corporation reported profitable third quarter results, which were again driven by the performance of its main consolidated subsidiary, Teekay Tankers. In recent months, TK has executed significant share buybacks and increased its stake in Teekay Tankers. The company also announced a new $40 million share repurchase program. In addition, a $1 special cash dividend will be distributed to common shareholders next month.
Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
In recent months, seasonality has impacted dirty tanker rates. Besides that, China's crude imports declined. On the other hand, tanker supply fundamentals are still favorable. Teekay Tankers reported $52.4 million operating income for 3Q24, a 35% lower figure than 3Q23. 3Q24 net income is $58.8 million, and 3Q24 EPS is $1.69/share. The balance sheet is TNK's strength. The company has 3.1% Total Debt to Equity and 8.9% Total Liabilities to Total Assets.
Teekay Corporation Ltd. (TK) Q3 2024 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TK ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Kenneth Hvid - President & Chief Executive Officer Brody Speers - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Omar Nokta - Jefferies Ken Hoexter - Bank of America Operator Welcome to the Teekay Group Third Quarter 2024 Earnings Results Conference Call.
Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
Teekay Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024.
Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024
HAMILTON, Bermuda, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024.
Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes
HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group:
Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics
Teekay Tankers stock dropped 12% after Q2-2024 results, but financial health remains strong. Q2-2024 revenues dropped by 20% due to decreasing tanker spot day rates. Teekay Tankers benefits from historically high spot rates and a favorable market outlook despite risks from fleet age and oil demand fluctuations.
Teekay Corporation - Upgrading On Excessive Discount To Net Asset Value - Buy
In recent months, shares of Teekay Corporation have performed worse than its main consolidated subsidiary Teekay Tankers, thus resulting in a widened discount to net asset value. While tanker stocks have been under pressure as of late, industry prospects remain solid. With the discount to net asset value now above the long-standing 10% to 20% range, I would expect the company to resume share repurchases soon.
Teekay Corporation (TK) Q2 2024 Earnings Call Transcript
Teekay Corporation (NYSE:TK ) Q2 2024 Earnings Call August 1, 2024 11:00 AM ET Company Participants Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director, Research Conference Call Participants Omar Nokta - Jefferies Adam Roszkowski - Bank of America Operator Welcome to Teekay Tankers Ltd. Second Quarter 2024 Earnings Conference Call.
Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2024. The cash dividend is payable on August 23, 2024 to all shareholders of record as at August 12, 2024.
Teekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 2024
HAMILTON, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2024 before market open on Thursday, August 1, 2024.
Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend
Global transport stocks have outperformed the S&P 500, with the US Global Sea to Sky Cargo ETF up 36% YoY. Teekay Tankers leads the performance with its strong balance sheet, EPS growth, debt-free status, and a recent special dividend. While EPS may top out here, TNK sports strong free cash flow, solid valuation multiples, and technical chart support suggesting continued upside.
Teekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024
HAMILTON, Bermuda, May 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quarter of 2024 before market open on Thursday, May 9, 2024.
Teekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023
HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2023 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.
Teekay Group to Announce Fourth Quarter and Annual 2023 Earnings Results on February 22, 2024
HAMILTON, Bermuda, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and annual 2023 before market open on Thursday, February 22, 2024.
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