Research analysts who have asked questions during TEEKAY CORP earnings calls.
Recent press releases and 8-K filings for TK.
Teekay Group Reports Strong Q3 2025 Earnings and Strategic Fleet Renewal
TK
Earnings
Dividends
New Projects/Investments
- Teekay Tankers reported GAAP net income of $92.1 million, or $2.66 per share, and adjusted net income of $53.3 million, or $1.54 per share, for Q3 2025.
- The company generated approximately $69 million in free cash flow from operations and maintained a strong balance sheet with $775 million in cash and no debt at the end of Q3 2025.
- Teekay continued its fleet renewal strategy, acquiring one modern Suezmax and a 50% ownership interest in a VLCC, and selling five Suezmax tankers for $158.5 million in gross proceeds.
- Opportunistic time charter agreements for one Suezmax at $42,500 per day and two Aframax vessels at an average of $33,275 per day helped lower the fleet's free cash flow break-even to $11,300 per day.
- Management expects a firm spot tanker market in the coming months, supported by increased global oil supply and geopolitical factors, with Q4 to date spot rates of $63,745 per day for VLCCs, $45,500 per day for Suezmaxes, and $35,200 per day for Aframax/LR2 fleets.
Oct 30, 2025, 3:00 PM
Teekay Tankers Reports Q3 2025 Results and Declares Dividend
TK
Earnings
Dividends
Guidance Update
- Teekay Tankers reported Adjusted Net Income of $53.3 million and Adjusted EPS of $1.54 for Q3 2025, with $775 million in cash as of September 30, 2025.
- The company completed two vessel acquisitions and four vessel sales in Q3 2025 and Q4 2025 to-date, generating gross proceeds of $158.5 million.
- Q3 2025 spot rates were $31,100 for VLCC, $33,400 for Suezmax, and $35,900 for Aframax / LR2, with Q4 2025 To-Date rates significantly higher at $63,700 for VLCC and $45,500 for Suezmax.
- A fixed quarterly dividend of $0.25 per share was declared, payable in November 2025. For Q4 2025, the company anticipates a decrease in net revenues due to a net decrease of approximately 199 net revenue days.
Oct 30, 2025, 3:00 PM
Teekay Corporation Ltd. Announces Q3 2025 Results and Fleet Renewal Update
TK
Earnings
Dividends
New Projects/Investments
- Teekay Corporation Ltd. reported a net income attributable to shareholders of $29.6 million, or $0.34 per share, for the third quarter of 2025.
- As part of its fleet renewal plan, Teekay Tankers completed the acquisition of one 2017-built Suezmax tanker and the remaining 50% ownership interest of the Hong Kong Spirit VLCC tanker. Additionally, four of five previously announced vessel sales were completed, with gross proceeds expected to total $158.5 million.
- Teekay Tankers declared a regular, fixed quarterly cash dividend of $0.25 per share for the quarter ended September 30, 2025. Teekay Parent's cash position decreased primarily due to the payment of a one-time cash special dividend of $1.00 per outstanding common share, totaling $85.3 million.
Oct 29, 2025, 9:07 PM
Quarterly earnings call transcripts for TEEKAY CORP.
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