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Teekay Corporation (TK)
NYSE:TK
Earnings Data
Report Date
Oct 30, 2025Before Open (Confirmed)
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call highlights strong financial performance and a successful fleet renewal strategy, with positive market outlooks driven by increased oil production. However, there are challenges due to geopolitical factors causing volatility and seasonal softening of rates. The strengths in financial performance and strategic moves outweigh the challenges, indicating a strong position for future growth.Company Guidance
Strong Financial Performance
Teekay Tankers reported GAAP net income of $62.6 million, or $1.81 per share, and adjusted net income of $48.7 million, or $1.41 per share. The company generated approximately $62.8 million in free cash flow from operations with a cash and short-term investment position of $712 million and no debt.
Successful Fleet Renewal Strategy
Teekay Tankers reduced exposure to older vessels and sold 11 vessels for total gross proceeds of $340 million, with estimated book gains on sale of approximately $100 million. The company also acquired 1 modern Suezmax and agreed to acquire the remaining 50% ownership interest in the Hong Kong Spirit VLCC.
Positive Market Outlook
Spot tanker rates improved during the second quarter, and the company secured spot rates of $31,400 per day and $28,200 per day for Suezmax and Aframax LR2 fleets, respectively. There are potential tailwinds for tanker markets towards the end of the year, with global oil production expected to increase sharply.
Dividend Declaration
Declared a regular quarterly fixed dividend of $0.25 per share.
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
TK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jul 30, 2025 | $7.67 | $7.20 | -6.13% |
May 07, 2025 | $6.93 | $6.70 | -3.32% |
Feb 19, 2025 | $6.12 | $5.88 | -3.92% |
Oct 30, 2024 | $5.70 | $6.40 | +12.28% |
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.
FAQ
When does Teekay Corporation (TK) report earnings?
Teekay Corporation (TK) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).
What is Teekay Corporation (TK) earnings time?
Teekay Corporation (TK) earnings time is at Oct 30, 2025, Before Open (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