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Teekay ( (TK) ) has shared an announcement.
Teekay Corporation Ltd. announced its financial results for the fourth quarter and full year of 2024, reporting a GAAP net income of $25.2 million for the quarter and $133.8 million for the year. The company completed the sale of its Australian operations and management services to Teekay Tankers on December 31, 2024, streamlining its business into a single shipping platform. In January 2025, Teekay Tankers sold three vessels, generating $95.5 million in proceeds, which marks a significant step in enhancing its operational focus and financial structure.
More about Teekay
Teekay Corporation Ltd. operates in the shipping industry, focusing on maritime transportation services. The company is primarily engaged in the provision of oil and gas transportation, floating storage, and offloading services through its subsidiary, Teekay Tankers Ltd. Teekay’s market focus includes consolidating its operations into an integrated shipping platform.
YTD Price Performance: -1.96%
Average Trading Volume: 827,956
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $644.7M
See more insights into TK stock on TipRanks’ Stock Analysis page.