Teekay (TK) News

Price: $6.58
Market Cap: $549.69M
Avg Volume: 695.84K
Country: BM
Industry: Oil & Gas Midstream
Sector: Energy
Beta: 0.52
52W Range: $5.98-9.95
Website: Teekay
Teekay Corporation: Debt Free Crude Tanker Exposure At A Discount - Buy
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.

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Teekay Corporation Ltd. (TK) Q4 2024 Earnings Call Transcript
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.

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Teekay Corporation Ltd. Reports Fourth Quarter and Annual 2024 Results
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.

globenewswire.com

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Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2024 Results and Declares Dividend
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.

globenewswire.com

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Teekay Group to Announce Fourth Quarter and Annual 2024 Earnings Results on February 19, 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.

globenewswire.com

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Teekay Tankers: Valuation Secured By Scrap Value And Huge Cash Pile
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.

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Teekay Corporation: Offering Exposure To Teekay Tankers At A Discount
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.

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Teekay Group Announces Changes to Boards of Directors
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:

globenewswire.com

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Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash
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.

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Teekay: Discounted Bet On The Medium-Size Crude Tanker Markets - Buy (Rating Upgrade)
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.

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Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
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.

seekingalpha.com

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Teekay Corporation Ltd. (TK) Q3 2024 Earnings Call Transcript
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.

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Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program
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.

globenewswire.com

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Teekay Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend
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.

globenewswire.com

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Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 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.

globenewswire.com

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Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes
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:

globenewswire.com

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Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics
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.

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Teekay Corporation - Upgrading On Excessive Discount To Net Asset Value - Buy
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.

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Teekay Corporation (TK) Q2 2024 Earnings Call Transcript
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.

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Teekay Corporation Reports Second Quarter 2024 Results
Teekay Corporation Reports Second Quarter 2024 Results

HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended June 30, 2024.

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Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend
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.

globenewswire.com

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Teekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 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.

globenewswire.com

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Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend
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.

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Teekay Corporation Reports First Quarter 2024 Results
Teekay Corporation Reports First Quarter 2024 Results

HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended March 31, 2024.

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Teekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024
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.

globenewswire.com

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Teekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023
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.

globenewswire.com

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Teekay Corporation Reports Fourth Quarter and Annual 2023 Results
Teekay Corporation Reports Fourth Quarter and Annual 2023 Results

HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2023.

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Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks? Cipher Mining Works On A New Base
Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks? Cipher Mining Works On A New Base

Heritage shares have cut through that price resistance like a hot knife through butter.

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Teekay Group to Announce Fourth Quarter and Annual 2023 Earnings Results on February 22, 2024
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.

globenewswire.com

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Riding The Tanker Tide Of Fortune With Teekay Tankers And Tsakos Energy
Riding The Tanker Tide Of Fortune With Teekay Tankers And Tsakos Energy

Riding The Tanker Tide Of Fortune With Teekay Tankers And Tsakos Energy

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Teekay Corp.: Discounted Price Leaves Appealing Investment Opportunity
Teekay Corp.: Discounted Price Leaves Appealing Investment Opportunity

Teekay Corporation's stock has been steadily climbing and outperforming the broader markets, with a return of over 60%. The company's value is discounted compared to its equity, with a potential upside of $18.6 per share. Teekay is experiencing growth and generating robust free cash flow, allowing for share buybacks and increasing shareholder value.

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Teekay Corporation (TK) Q3 2023 Earnings Call Transcript
Teekay Corporation (TK) Q3 2023 Earnings Call Transcript

Teekay Corporation (TK) Q3 2023 Earnings Call Transcript

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Teekay Corporation Reports Third Quarter 2023 Results
Teekay Corporation Reports Third Quarter 2023 Results

HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2023.

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Teekay Group to Announce Third Quarter 2023 Earnings Results on November 2, 2023
Teekay Group to Announce Third Quarter 2023 Earnings Results on November 2, 2023

HAMILTON, Bermuda, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2023 before market open on Thursday, November 2, 2023.

globenewswire.com

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Francisco Garcia Parames' Cobas 1st Semester Letter
Francisco Garcia Parames' Cobas 1st Semester Letter

Dear Investor,

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What Are the Hottest Stocks to Buy Right Now? Our 3 Picks for August
What Are the Hottest Stocks to Buy Right Now? Our 3 Picks for August

Even though most gains in the stock market this year were concentrated in the AI and tech sector, it is undeniable that 2023 has so far been a great year for investors who like chasing the hottest stocks. The vast majority of stocks are either in an uptrend or trading sideways right now.

investorplace.com

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Teekay Corporation Reports Second Quarter 2023 Results
Teekay Corporation Reports Second Quarter 2023 Results

HAMILTON, Bermuda, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended June 30, 2023.

globenewswire.com

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Teekay Group to Announce Second Quarter 2023 Earnings Results on August 3, 2023
Teekay Group to Announce Second Quarter 2023 Earnings Results on August 3, 2023

HAMILTON, Bermuda, July 26, 2023 (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 2023 before market open on Thursday, August 3, 2023.

globenewswire.com

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Teekay Corporation: Record Margins, Depressed Valuations, And Price Momentum
Teekay Corporation: Record Margins, Depressed Valuations, And Price Momentum

Teekay Corporation's net margin is at a record high since 2014 and its EV/EBITDA is 96% below its 2015 level, indicating strong financials and an attractive valuation for investors. The firm has been deleveraging since 2016, with net debt turning negative two quarters ago. Sales have been rising since FY2021, further strengthening its financial position. Teekay's low valuation multiples, plans for additional share buybacks, and the uptrend in its share price make it an attractive investment opportunity, especially as global fleet supply remains low.

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Teekay Corporation: Tankers Dividend Should Fuel Additional Share Buybacks, Buy
Teekay Corporation: Tankers Dividend Should Fuel Additional Share Buybacks, Buy

Teekay Corporation shares have rallied after subsidiary and main asset Teekay Tankers Ltd. reported record first quarter results and announced an aggregate of $1.25 in dividends per share payable next month. Over the next four quarters, Teekay Corporation should receive at least $20 million in dividend payments from Teekay Tankers.

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Teekay Corp.: Aggressive Share Buybacks Are Fueling Speculation About A Teekay Tankers Dividend
Teekay Corp.: Aggressive Share Buybacks Are Fueling Speculation About A Teekay Tankers Dividend

Teekay Corporation's shares rally to new multi-year highs after the company accelerated share buybacks over a couple of weeks. In recent months, the company has repurchased 6.3% of its outstanding common stock at an average price of $4.64 per share for a total of $30 million.

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Why Shares of Teekay Corporation Are Soaring Today
Why Shares of Teekay Corporation Are Soaring Today

Teekay has authorized up to $30 million in share repurchases. The company announced the conclusion of a previous $30 million stock buyback program.

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Teekay Group to Announce Fourth Quarter and Annual 2022 Earnings Results on February 23, 2023
Teekay Group to Announce Fourth Quarter and Annual 2022 Earnings Results on February 23, 2023

HAMILTON, Bermuda, Feb. 16, 2023 (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 2022 before market open on Thursday, February 23, 2023.

globenewswire.com

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Teekay: Shares Consolidate Near Multi-Year Highs, Valuation Still Looks Good
Teekay: Shares Consolidate Near Multi-Year Highs, Valuation Still Looks Good

Global shipping companies continue to benefit from international LNG demand despite growing recession jitters. Earnings are seen as climbing in the near term for Teekay while its chart is even more bullish.

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Energy Penny Stocks Basics, 3 Things to Know
Energy Penny Stocks Basics, 3 Things to Know

Use these tips for trading energy penny stocks in 2022 The post Energy Penny Stocks Basics, 3 Things to Know  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Teekay Group to Announce Third Quarter 2022 Earnings Results on November 3, 2022
Teekay Group to Announce Third Quarter 2022 Earnings Results on November 3, 2022

HAMILTON, Bermuda, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2022 before market open on Thursday, November 3, 2022.

globenewswire.com

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7 Best Shipping Stocks to Buy in October
7 Best Shipping Stocks to Buy in October

It seems odd to be analyzing the best shipping stocks on a day when the second read of second quarter GDP should convince nearly any lingering skeptic that the U.S. economy is in a recession. Furthermore, that recession is likely to last well into 2023 and come with a much harder landing than the Federal Reserve would like.

investorplace.com

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Teekay Corp. - Buy On Excessive Discount To NAV Despite Vastly Improved Outlook
Teekay Corp. - Buy On Excessive Discount To NAV Despite Vastly Improved Outlook

Updating investors on a number of recent, positive developments. Value of the company's stake in Teekay Tankers has more than doubled in recent months as Russia's assault on Ukraine has reshaped tanker markets.

seekingalpha.com

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Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2021 Results - Earnings Call Transcript
Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2021 Results - Earnings Call Transcript

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2021 Results - Earnings Call Transcript

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Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2021 Results - Earnings Call Transcript
Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2021 Results - Earnings Call Transcript

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Teekay Tankers (TNK) Reports Q4 Loss, Tops Revenue Estimates
Teekay Tankers (TNK) Reports Q4 Loss, Tops Revenue Estimates

Teekay Tankers (TNK) delivered earnings and revenue surprises of 11.90% and 6.29%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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Teekay LNG Partners Preferred Shares: Outside Yield With Well Protected Downside
Teekay LNG Partners Preferred Shares: Outside Yield With Well Protected Downside

Teekay LNG's two series of preferred shares will be left outstanding after Stonepeak's acquisition of Teekay LNG common and GP units. According to the management projections in the proxy statement, the credit risk for the preferred shares is very low.

seekingalpha.com

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Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2021 Results - Earnings Call Transcript
Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2021 Results - Earnings Call Transcript

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Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q3 2021 Results - Earnings Call Transcript
Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q3 2021 Results - Earnings Call Transcript

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q3 2021 Results - Earnings Call Transcript

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Teekay Tankers (TNK) Reports Q3 Loss, Misses Revenue Estimates
Teekay Tankers (TNK) Reports Q3 Loss, Misses Revenue Estimates

Teekay Tankers (TNK) delivered earnings and revenue surprises of 9.20% and -0.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

zacks.com

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Why Investors Should Vehemently Reject Teekay LNG's Proposed Take-Under Offer
Why Investors Should Vehemently Reject Teekay LNG's Proposed Take-Under Offer

Low-ball take-under offer at $17 per unit - just as energy-related stocks have started to move.

seekingalpha.com

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Teekay Corporation - Surprise Sale Of Teekay LNG Partners Likely Prelude To Strategic Reboot
Teekay Corporation - Surprise Sale Of Teekay LNG Partners Likely Prelude To Strategic Reboot

Discussing surprise sale of Teekay LNG Partners to private equity firm Stonepeak.

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Teekay LNG rallies on buyout deal with Stonepeak
Teekay LNG rallies on buyout deal with Stonepeak

Teekay LNG Partners L.P. TGP, +8.73% shares are up nearly 9% to $17.05 after the shipping company said it agreed to be acquired by private equity firm Stonepeak for $17 per common unit, or $6.2 billion, including consolidated and proportionate joint venture net debt and $1.5 billion in common unit equity value.

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Is Teekay (TGP) a Suitable Stock for Value Investors Now?
Is Teekay (TGP) a Suitable Stock for Value Investors Now?

Let's see if Teekay (TGP) stock is a good choice for value-oriented investors right now from multiple angles.

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Teekay LNG Partners L.P. (TGP) Loses 11.5% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Teekay LNG Partners L.P. (TGP) Loses 11.5% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Teekay LNG Partners L.P. (TGP) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it.

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Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q2 2021 Results - Earnings Call Transcript
Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q2 2021 Results - Earnings Call Transcript

Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q2 2021 Results - Earnings Call Transcript

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Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q2 2021 Results - Earnings Call Transcript
Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q2 2021 Results - Earnings Call Transcript

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q2 2021 Results - Earnings Call Transcript

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Teekay Corporation (TK) CEO Kenneth Hvid on Q2 2021 Results - Earnings Call Transcript
Teekay Corporation (TK) CEO Kenneth Hvid on Q2 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q2 2021 Results - Earnings Call Transcript

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Teekay Corp Q2 Revenues Decline 32% Hit By Drydocking Schedule
Teekay Corp Q2 Revenues Decline 32% Hit By Drydocking Schedule

Teekay Corporation (NYSE: TK) reported a second-quarter revenue decline of 32.6% year-over-year to $325.48 million. Total adjusted EBITDA declined by 45.6% Y/Y to $171.93 million.

benzinga.com

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Teekay Tankers (TNK) Reports Q2 Loss, Misses Revenue Estimates
Teekay Tankers (TNK) Reports Q2 Loss, Misses Revenue Estimates

Teekay Tankers (TNK) delivered earnings and revenue surprises of -18.27% and -13.23%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

zacks.com

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Teekay Tankers: Q2 Earnings Insights
Teekay Tankers: Q2 Earnings Insights

Shares of Teekay Tankers (NYSE:TNK) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share decreased 151.46% year over year to ($1.23), which missed the estimate of ($0.98).

benzinga.com

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Teekay Corporation Reports Second Quarter 2021 Results
Teekay Corporation Reports Second Quarter 2021 Results

Highlights

globenewswire.com

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Teekay Corporation: Stock At 52-Week Highs After Surprise Resolution Of Legacy FPSO Exposure
Teekay Corporation: Stock At 52-Week Highs After Surprise Resolution Of Legacy FPSO Exposure

Company reduces FPSO asset retirement obligations by $30 million after a highly favorable agreement with CNR International, the operator of the Banff field in the North Sea.

seekingalpha.com

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Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q1 2021 Results - Earnings Call Transcript
Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q1 2021 Results - Earnings Call Transcript

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q1 2021 Results - Earnings Call Transcript

seekingalpha.com

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Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q1 2021 Results - Earnings Call Transcript
Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q1 2021 Results - Earnings Call Transcript

Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q1 2021 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Corporation (TK) CEO Kenneth Hvid on Q1 2021 Results - Earnings Call Transcript
Teekay Corporation (TK) CEO Kenneth Hvid on Q1 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q1 2021 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Tankers: Q1 Earnings Insights
Teekay Tankers: Q1 Earnings Insights

Shares of Teekay Tankers (NYSE:TNK) fell 0.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 119.88% over the past year to ($0.65), which beat the estimate of ($0.80).

benzinga.com

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Teekay Corporation Reports First Quarter 2021 Results
Teekay Corporation Reports First Quarter 2021 Results

Highlights

globenewswire.com

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Teekay Group Announces First Quarter 2021 Earnings Results Conference Calls
Teekay Group Announces First Quarter 2021 Earnings Results Conference Calls

HAMILTON, Bermuda, May 07, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quarter of 2021 before market open on Thursday, May 13, 2021.

globenewswire.com

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7.9%-Yielding Teekay LNG Partners Is Our Top Industrials Pick For The Rest Of 2021
7.9%-Yielding Teekay LNG Partners Is Our Top Industrials Pick For The Rest Of 2021

While poised to grow significantly over the next couple of years, the Industrials sector features high valuations, which have priced in much of that growth already. One of the stocks in the sector and amongst our holdings, Teekay LNG Partners L.P., has stood out, offering a superior investment case.

seekingalpha.com

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Teekay Group Publishes 2020 Sustainability Report; and Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2020
Teekay Group Publishes 2020 Sustainability Report; and Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2020

HAMILTON, Bermuda, April 12, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2020 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.

globenewswire.com

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Teekay LNG Partners: Distribution Boost Caps Record Year
Teekay LNG Partners: Distribution Boost Caps Record Year

TGP has increased the quarterly distribution by 15%.

seekingalpha.com

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Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q4 2020 Results - Earnings Call Transcript
Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q4 2020 Results - Earnings Call Transcript

Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q4 2020 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2020 Results - Earnings Call Transcript
Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2020 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2020 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2020 Results - Earnings Call Transcript
Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2020 Results - Earnings Call Transcript

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2020 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Corporation Reports Fourth Quarter and Annual 2020 Results
Teekay Corporation Reports Fourth Quarter and Annual 2020 Results

Highlights

globenewswire.com

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Teekay Group Announces Fourth Quarter and Annual 2020 Earnings Results Conference Calls
Teekay Group Announces Fourth Quarter and Annual 2020 Earnings Results Conference Calls

HAMILTON, Bermuda, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and fiscal year 2020 before market open on Thursday, February 25, 2021.

globenewswire.com

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A Backdoor Play On Rising Petroleum Demand: TORM Plc
A Backdoor Play On Rising Petroleum Demand: TORM Plc

A Backdoor Play On Rising Petroleum Demand: TORM Plc

seekingalpha.com

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8 Cheap Stocks to Snap Up for the New Year
8 Cheap Stocks to Snap Up for the New Year

This year has been a remarkable one for cheap stocks, many of which have enjoyed contrarian upside. However, there are still more opportunities to be had for the intrepid speculator.

investorplace.com

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Teekay On The LNG Markets (Podcast Transcript)
Teekay On The LNG Markets (Podcast Transcript)

Value Investor's Edge Live continues with this latest episode focused on the LNG shipping segment of the shipping industry.

seekingalpha.com

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Teekay Corp.: A Promising Bet For 2021
Teekay Corp.: A Promising Bet For 2021

Operating consolidated revenues were $396.52 million in Q3, down 6.9% from the same quarter a year ago and down 17.9% sequentially. TK Corp.'s yearly free cash flow (TTM) is $992.04 million with a Q3 consolidated free cash flow of $112.80 million.

seekingalpha.com

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Teekay LNG Partners LP (TGP) CEO Mark Kremin on Q3 2020 Results - Earnings Call Transcript
Teekay LNG Partners LP (TGP) CEO Mark Kremin on Q3 2020 Results - Earnings Call Transcript

Teekay LNG Partners LP (TGP) CEO Mark Kremin on Q3 2020 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2020 Results - Earnings Call Transcript
Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2020 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2020 Results - Earnings Call Transcript

seekingalpha.com

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Teekay Group Announces Third Quarter 2020 Earnings Results Conference Calls
Teekay Group Announces Third Quarter 2020 Earnings Results Conference Calls

HAMILTON, Bermuda, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2020 before market open on Thursday, November 12, 2020.

globenewswire.com

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Teekay LNG Partners Declares Common Unit Distribution
Teekay LNG Partners Declares Common Unit Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution of $0.25 per common

einpresswire.com

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Teekay Group Joins United Nations Global Compact, the World’s Largest Corporate Sustainability Initiative
Teekay Group Joins United Nations Global Compact, the World’s Largest Corporate Sustainability Initiative

Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the

einpresswire.com

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Teekay Corporation: Steady Cash Flow Progress (NYSE:TK)
Teekay Corporation: Steady Cash Flow Progress (NYSE:TK)

Teekay Corporation parent company is nearing operating cash flow breakeven. Teekay Corporation received a large payment of advance revenue to boost the cash balance.

seekingalpha.com

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Teekay LNG Partners Declares Distributions on Series A and B Preferred Units
Teekay LNG Partners Declares Distributions on Series A and B Preferred Units

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions of $0.5625 per unit

einpresswire.com

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