Teekay Corporation (TK)
NYSE:TK
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Teekay
(NYSE:TK)
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Rating:79Outperform
Price Target:
$12.50
â–²(28.73% Upside)
Action:ReiteratedDate:03/16/26
The score is driven primarily by strong financial strength (very low leverage) and supportive earnings-call fundamentals (large cash balance, no debt, strong profitability/FCF and solid near-term spot-rate positioning). Valuation is also favorable (low P/E and high yield), while the main offset is only moderate technical momentum and some fundamental normalization risk (recent revenue/margin softening and more volatile free cash flow).
Positive Factors
Fleet Renewal Strategy
Investing in modern vessels enhances operational efficiency and competitiveness, supporting long-term growth and market positioning.
Negative Factors
Decline in Revenue Growth
A decline in revenue growth can impact long-term financial stability and limit the company's ability to invest in new opportunities and technologies.
Read all positive and negative factors
Positive Factors
Negative Factors
Fleet Renewal Strategy
Investing in modern vessels enhances operational efficiency and competitiveness, supporting long-term growth and market positioning.
Read all positive factors
Teekay (TK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.02B
Dividend Yield21.81%
Average Volume (3M)520.68K
Price to Earnings (P/E)7.9
Beta (1Y)0.76
Revenue Growth-27.22%
EPS Growth-34.27%
CountryUS
Employees2,330
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.40
Shares Outstanding86,056,800
10 Day Avg. Volume579,756
30 Day Avg. Volume520,678
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)1.07
Price to Sales (P/S)0.82
P/FCF Ratio7.16
Enterprise Value/Market Cap0.13
Enterprise Value/Revenue0.13
Enterprise Value/Gross Profit0.48
Enterprise Value/Ebitda0.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Teekay Business Overview & Revenue Model
Company Description
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering s...
How the Company Makes Money
Teekay generates revenue primarily through its marine transportation and offshore services. The company's revenue model is built around long-term contracts with oil and gas companies, which provide stable cash flows. Key revenue streams include ti...
Teekay Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
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.Positive Updates
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.
Negative Updates
Market Volatility and Geopolitical Risk
Earnings and spot rates have been driven by geopolitical events (sanctions, terminal outages, naval blockades) and seasonal factors, creating volatility. Management highlighted uncertainty around potential military escalation (e.g., in the Middle East) which could produce short-lived rate spikes or broader disruption depending on the severity.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided that Teekay Tankers enters 2026 with a strong balance sheet — $853M cash (ex‑$99M escrow), no debt — and highlighted Q4 GAAP net income of $120M ($3.47/sh) and adjusted net income $97M ($2.80/sh), FY2025 GAAP $351M ($10.15/sh) and adjusted $241M ($6.96/sh), with ~$112M FCF in Q4 and ~$309M FCF for 2025; the company declared the regular $0.25/share dividend and noted potential special dividend timing to be discussed with the Board, expects to recognize ~ $45M of vessel‑sale gains in Q1–Q2 2026 (after recent gross sale proceeds of $73M and $84.5M and $100M realized gains in 2025), secured Q1 spot fixtures to date of ~$79,800/day (VLCC), ~$56,900/day (Suezmax) and ~$51,400/day (Aframax/LR2) with ~78% VLCC and ~65% midsize spot coverage, has a low FCF breakeven of ~ $11,300/day (down from $21,300 in 2022) with each $5,000/day above breakeven generating ~ $55M annual FCF (~$1.60/sh), anticipates Q1 D&A of ~$21.5–22M and a G&A run‑rate near $46M (or slightly lower), will assume full commercial/technical management of three 2016 Aframaxes in Q2–Q3, and reiterated a constructive near‑term market outlook amid projected 2026 oil demand growth of +1.1MMbpd, non‑OPEC+ supply +1.3MMbpd, China strategic stockpiling near +~1MMbpd and an orderbook at a ~10‑year high with deliveries ramping in 2026–27.Teekay Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 992.52M | 949.52M | 1.22B | 1.46B | 1.19B | 682.51M |
| Gross Profit | 279.15M | 261.40M | 393.86M | 580.63M | 293.03M | -49.73M |
| EBITDA | 308.75M | 293.27M | 503.15M | 655.14M | 348.67M | -107.93M |
| Net Income | 78.90M | 98.11M | 133.77M | 150.64M | 78.41M | 7.81M |
Balance Sheet | ||||||
| Total Assets | 2.25B | 2.40B | 2.15B | 2.20B | 2.16B | 6.53B |
| Cash, Cash Equivalents and Short-Term Investments | 931.37M | 973.43M | 717.77M | 652.68M | 519.86M | 120.99M |
| Total Debt | 53.02M | 46.38M | 65.55M | 227.20M | 610.16M | 1.02B |
| Total Liabilities | 299.58M | 234.22M | 217.95M | 396.29M | 795.24M | 4.10B |
| Stockholders Equity | 656.66M | 724.53M | 709.76M | 732.28M | 623.46M | 515.05M |
Cash Flow | ||||||
| Free Cash Flow | 240.56M | 108.51M | 391.84M | 619.62M | 183.72M | 54.54M |
| Operating Cash Flow | 306.30M | 301.77M | 467.19M | 629.82M | 199.15M | 75.99M |
| Investing Cash Flow | 95.21M | 80.43M | 157.50M | 54.66M | 308.98M | 7.17M |
| Financing Cash Flow | -267.09M | -129.77M | -416.45M | -520.41M | -456.95M | -223.53M |
Teekay Technical Analysis
Positive
9.71
Price Trends
11.20
Positive
10.36
Positive
9.18
Positive
Market Momentum
0.12
Positive
54.16
Neutral
80.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TK, the sentiment is Positive. The current price of 9.71 is below the 20-day moving average (MA) of 12.05, below the 50-day MA of 11.20, and above the 200-day MA of 9.18, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 54.16 is Neutral, neither overbought nor oversold. The STOCH value of 80.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TK.
Teekay Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $2.45B | 5.26 | 18.37% | 3.72% | -20.11% | -26.44% | |
79 Outperform | $1.02B | 7.92 | 9.58% | 21.81% | -27.22% | -34.27% | |
73 Outperform | $1.18B | 4.14 | 6.29% | 4.95% | -8.52% | -42.05% | |
68 Neutral | $1.26B | 11.65 | 8.19% | 1.27% | 2.46% | 33.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | $1.60B | 15.66 | 9.96% | 12.31% | -3.20% | 6.76% |
* Energy Sector Average
TK
Teekay
11.85
6.01
102.98%
TNK
Teekay Tankers
70.60
33.93
92.51%
TEN
Tsakos Energy Navigation
38.17
22.40
142.04%
NVGS
Navigator Holdings
19.25
6.05
45.84%
MARPS
Marine Petroleum
5.72
2.13
59.15%
FLNG
FLEX LNG
30.21
9.93
48.99%
Teekay Corporate Events
Teekay Posts $98 Million 2025 Profit as Tanker Fleet Renewal and Dividends Advance
Feb 18, 2026
Teekay Corporation reported U.S. GAAP net income attributable to shareholders of $35.0 million, or $0.40 per share, for the fourth quarter of 2025 and $98.1 million, or $1.14 per share, for the full year 2025, reflecting solid profitability despit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.