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Teekay Corporation (TK)
NYSE:TK
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -3.30%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with high net income and cash flow, successful asset sales, and improvements in the spot market. However, geopolitical uncertainties and aging fleet concerns pose potential challenges. The overall sentiment leans towards optimism despite these challenges.Company Guidance
During the Teekay Corporation's First Quarter 2025 Earnings Call, CEO Kenneth Hvid provided detailed guidance on the company's financial performance and strategic direction. Teekay Tankers reported a GAAP net income of $76 million ($2.20 per share) and an adjusted net income of $42 million ($1.21 per share). The company generated approximately $65 million in free cash flow and declared a regular quarterly dividend of $0.25 per share, alongside a special dividend of $1 per share. Asset sales have been significant, with six vessels sold for gross proceeds of $183 million, resulting in an expected accounting gain of $53 million. The company is executing a fleet renewal strategy, selling older vessels and acquiring modern tonnage, with a focus on maintaining operational leverage in a strong tanker market. Teekay Tankers has secured higher spot rates for the second quarter, booking rates of $40,400 per day for Suezmax and $36,800 per day for Aframax LR2 fleets. The company is also eyeing future fleet renewals, with considerations for potential asset acquisitions as market conditions evolve. Despite market uncertainties, such as geopolitical tensions and oil market fluctuations, the company expects continued cash flow generation and strategic repositioning opportunities in the near to medium term.Strong Financial Performance
Teekay Tankers reported GAAP net income of $76 million ($2.20 per share) and adjusted net income of $42 million ($1.21 per share) in the first quarter, with approximately $65 million in free cash flow from operations.
Successful Asset Sales
Teekay Tankers sold six vessels for total gross proceeds of approximately $183 million, resulting in an expected accounting gain of approximately $53 million.
Spot Market Improvement
The spot tanker market has strengthened with secured rates of $40,400 per day for Suezmax and $36,800 per day for Aframax LR2 fleets, with 45% of the spot base booked.
Dividend Payout
Declared a regular quarterly fixed dividend of $0.25 per share and a special dividend of $1 per share, amounting to a total dividend payout of $1.25 per share.
Positive Market Dynamics
Rising oil production and shifting trade patterns have increased midsized tanker ton mile demand, with significant increases in exports and long-haul voyages.
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TK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 07, 2025 | $7.88 | $7.62 | -3.30% |
| Feb 19, 2025 | $6.96 | $6.69 | -3.88% |
| Oct 30, 2024 | $6.48 | $7.28 | +12.35% |
| Aug 01, 2024 | $7.54 | $7.02 | -6.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teekay Corporation (TK) report earnings?
Teekay Corporation (TK) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Teekay Corporation (TK) earnings time?
Teekay Corporation (TK) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TK EPS forecast?
Currently, no data Available
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