Teekay Corporation (TK)
NYSE:TK
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operating and financial picture: record-high spot rates, robust Q1 profitability (GAAP $154M; adjusted $128M), substantial free cash flow (~$143M in Q1), no debt and nearly $1B cash, active disciplined fleet renewal, and meaningful dividend returns. Key risks are geopolitical disruption (Strait of Hormuz), reduced effective fleet availability, an aging fleet with orderbook timing uncertainty, and higher asset prices that complicate acquisitions. On balance, the company is well positioned to capitalize on the current market while remaining cautious on deployment.Company Guidance
Strong Quarterly Profitability
Q1 GAAP net income of $154 million ($4.42/share) and adjusted net income of $128 million ($3.69/share); results were over $30 million better than the prior quarter and 2–3x the results from the same period last year.
Robust Free Cash Flow and Balance Sheet
Generated approximately $143 million in free cash flow from operations in Q1; cash position increased to just shy of $1.0 billion with no debt at quarter end. Management states last four quarters free cash flow of $36 million (or $11.14/share) representing nearly a 30% free cash flow yield (based on the closing share price at end of Q1 25).
Very Low Free Cash Flow Breakeven and High Leverage to Rates
Free cash flow breakeven reduced to ~ $8.2k/day for the next 12 months. Every $5k/day increase in spot tanker rates above breakeven is expected to generate ~ $53 million (~ $1.53/share) of annual free cash flow.
Spot Rates Near Record Highs and Strong Q2 Bookings
Q1 spot tanker rates averaged ~ $61k/day across the midsized fleet. Early Q2 saw record highs (April $120k+/day). Company has secured Q2 spot fixtures at ~ $142k/day (VLCC), $122k/day (Suezmax) and $98k/day (Aframax LR2), with ~71% of VLCC spot days and ~57% average spot days for Suezmax/Aframax LR2 already booked.
Active and Disciplined Fleet Renewal
Agreements to acquire 2 Korean resale Suezmax newbuildings for $190 million (deliveries 2027). YTD acquired/agreed to acquire 5 modern vessels for $332 million and sold/agreed to sell 4 vessels for $211 million. Over the last 12 months the company sold/agreed 11 vessels for $432 million (combined gains $139 million) and acquired/agreed 8 vessels for $490 million.
Capital Returns and Shareholder Distributions
Declared the regular fixed quarterly dividend of $0.25 per share plus a special dividend of $1.00 per share based on prior year results.
Opportunistic Commercial Activity
Took advantage of strong spot market by outchartering a Suezmax at $80k/day for 10–12 months and an Aframax at $60k/day for 12 months; opportunistic sales captured gains (e.g., sale of 2009 Suezmax for $53.5M with an expected $32.5M gain to be recorded in Q2).
Zero Net Debt and Strong Investment Capacity
No debt at quarter end and nearly $1B in cash gives the company significant capacity to act on larger transactions or continue disciplined fleet renewal when market entry points are attractive.
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 |
|---|---|---|---|
May 13, 2026 | $13.17 | $13.19 | +0.15% |
Feb 18, 2026 | $11.85 | $12.18 | +2.78% |
Oct 29, 2025 | $9.50 | $9.34 | -1.68% |
Jul 30, 2025 | $7.67 | $7.20 | -6.13% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Teekay Corporation (TK) earnings time?
Teekay Corporation (TK) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TK EPS forecast?
Currently, no data Available