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Teekay Corporation (TK)
NYSE:TK
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)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 communicated a strongly positive near-term financial and operational position: robust quarterly and annual earnings, meaningful free cash flow generation, a large cash balance with no debt, active fleet renewal and immediate upside from elevated spot rates and high spot-booking levels. However, management acknowledged meaningful medium-term risks and volatility driven by geopolitical events, an elevated order book (supply/delivery timing risk), sanctions-driven trade complexity, and uncertain large-M&A opportunities due to elevated asset prices. On balance, the strengths (profitability, liquidity, low breakeven, operational metrics and proactive fleet renewal) outweigh the flagged risks, which are mainly timing and market-structure uncertainties rather than immediate financial distress.Company Guidance
Strong Quarterly and Annual Earnings
Q4 GAAP net income of $120 million ($3.47/share) and adjusted net income of $97 million ($2.80/share). Full-year GAAP net income of $351 million ($10.15/share) and adjusted net income of $241 million ($6.96/share). Realized vessel sale gains for the year totaled $100 million.
Robust Free Cash Flow and Cash Position
Generated approximately $112 million of free cash flow from operations in Q4 and $309 million for full-year 2025. Ended the quarter with $853 million cash on hand (plus $99 million held in escrow) and no debt, providing significant liquidity and optionality.
Low Free Cash Flow Breakeven and High Operating Leverage
Low free cash flow breakeven of approximately $11,300/day, down from $21,300/day in 2022 (a ~46.9% reduction). Management estimates every $5,000/day increase in spot rates above breakeven produces roughly $55 million of annual free cash flow (about $1.60/share).
Strong Spot Market Exposure and Q1 Bookings
Secured Q1-to-date spot rates of ~$79,800/day for VLCC, ~$56,900/day for Suezmax and ~$51,400/day for Aframax/LR2. Approximately 78% spot days booked for VLCCs and ~65% spot days booked for the midsize fleet. Spot rates were the second-highest for a fourth quarter in 15 years and strengthened into early 2026.
Active Fleet Renewal and Monetization
In 2025 the company acquired 6 vessels for $300 million and sold 14 vessels for $500 million, booking estimated gains of approx. $145 million; in Jan 2026 acquired three 2016-built Aframaxes for $142 million (bareboat-chartered back short-term) and sold or agreed to sell two older Suezmaxes for $73 million and a VLCC for $84.5 million. Expect to recognize about $45 million of gains in Q1 and Q2 2026 from recent sales.
Capital Return and Dividend Policy
Declared the regular fixed dividend of $0.25/share. Returned approximately $69 million of capital to shareholders in 2025 via regular quarterly dividends and a $1 special dividend in May 2025. Management indicated continuation of the approach of announcing specials around the May earnings cadence.
Operational Excellence and Safety
Reported 0 lost time injuries and 99.8% fleet availability for 2025, highlighting strong operational performance and crew safety.
Strategic Flexibility and Investment Capacity
No debt and substantial cash provide the ability to transact quickly; management expects to continue opportunistic, likely "drip-fed" asset purchases rather than large M&A while asset values remain elevated.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $6.93 | $6.70 | -3.31% |
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 May 07, 2026, Before Open (Confirmed).
What is Teekay Corporation (TK) earnings time?
Teekay Corporation (TK) earnings time is at May 07, 2026, 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