Teekay Corporation (TK)
NYSE:TK
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Teekay
(NYSE:TK)
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Rating:82Outperform
Price Target:
$15.50
â–²(59.63% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by strong financial strength (notably the improved, low-leverage balance sheet) and a very compelling valuation profile (low P/E and high dividend yield). The latest earnings call adds support with upbeat guidance and strong cash generation, while the technical setup is constructive but not strongly momentum-driven. Offsetting factors include recent revenue/margin normalization, more volatile free cash flow versus prior years, and heightened geopolitical/rate volatility risk highlighted on the call.
Positive Factors
Very low leverage and strong liquidity
A near-zero net debt position and sizable cash balance provide durable financial flexibility. This low leverage supports funding for fleet renewal, opportunistic M&A, and shareholder distributions through market cycles, and materially reduces refinancing and covenant risks over the next several quarters.
Negative Factors
Revenue decline and margin compression
Sequential revenue declines and compressed margins suggest structural softness in demand or a less favorable mix that may persist. Over a multi-quarter horizon, this reduces headroom for reinvestment and dividends unless market rates or volumes sustainably recover, increasing earnings uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and strong liquidity
A near-zero net debt position and sizable cash balance provide durable financial flexibility. This low leverage supports funding for fleet renewal, opportunistic M&A, and shareholder distributions through market cycles, and materially reduces refinancing and covenant risks over the next several quarters.
Read all positive factors
Teekay (TK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.17B
Dividend Yield21.81%
Average Volume (3M)520.68K
Price to Earnings (P/E)5.6
Beta (1Y)0.70
Revenue Growth-22.19%
EPS Growth-21.09%
CountryUS
Employees2,330
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.90
Shares Outstanding86,778,534
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 Cap0.28
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit1.18
Enterprise Value/Ebitda1.06
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 makes money primarily through cash flows tied to tanker operations and related marine services. Its key revenue and earnings sources include: (1) Vessel chartering income, where tankers are contracted to customers under charter arrangements...
Teekay Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
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.Positive Updates
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.
Negative Updates
Severe Geopolitical Disruption (Strait of Hormuz)
Effective closure of the Strait of Hormuz and regional conflict led to an estimated ~10 million barrels/day reduction in Middle East crude exports versus prewar levels, creating major market disruption and uncertainty over timing of normalization.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
The company guided to even better Q2 results, noting that so far in Q2 it has secured spot rates of $142k/day (VLCC), $122k/day (Suezmax) and $98k/day (Aframax LR2), with ~71% of VLCC spot days and ~57% average spot days for the Suezmax/Aframax LR2 fleets already booked; management reiterated record/near‑record market levels driven by a ~10M bpd drop in Middle East exports (partially offset by ~4.5M bpd Atlantic basin increases and a US Gulf export record of 5M bpd in April) and significant fleet dislocations (100 tankers Aframax+ trapped west of Hormuz, including 59 VLCCs or ~8% of the non‑sanctioned fleet, plus ~86 idle Aframax+). Financial guidance and capacity highlights included a Q1 GAAP net income of $154M ($4.42/share) and adjusted net income of $128M ($3.69/share), ~ $143M free cash flow from operations, cash just under $1B and no debt, a current free cash flow breakeven of ~$8.2k/day (and every $5k/day above breakeven implied to produce ~ $53M or $1.53/share of annual FCF), and dividend guidance of $0.25 regular plus a $1.00 special per share. Fleet renewal guidance: committed/agreements to acquire 5 modern vessels for $332M (including 2 Korean resale Suezmax newbuilds for $190M, delivery 2027) and sold/agreed sales of 4 vessels for $211M (including a 2009 Suezmax for $53.5M with an expected $32.5M gain in Q2).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
11.99
Positive
10.77
Positive
9.56
Positive
Market Momentum
0.24
Negative
60.38
Neutral
64.84
Neutral
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 12.31, below the 50-day MA of 11.99, and above the 200-day MA of 9.56, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 60.38 is Neutral, neither overbought nor oversold. The STOCH value of 64.84 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | $2.77B | 3.85 | 18.37% | 3.72% | -16.26% | -11.19% | |
82 Outperform | $1.17B | 5.64 | 10.02% | 21.81% | -22.19% | -21.09% | |
75 Outperform | $1.53B | 8.85 | 8.94% | 1.27% | -1.33% | 28.23% | |
73 Outperform | $1.28B | 2.88 | 4.77% | 4.95% | -0.67% | -11.94% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $1.75B | 15.66 | 9.96% | 12.31% | -2.44% | -36.70% |
* Energy Sector Average
TK
Teekay
13.17
5.97
82.92%
TNK
Teekay Tankers
77.57
33.48
75.93%
TEN
Tsakos Energy Navigation
42.76
25.78
151.78%
NVGS
Navigator Holdings
23.27
9.47
68.62%
MARPS
Marine Petroleum
5.00
1.52
43.60%
FLNG
FLEX LNG
31.67
9.68
44.04%
Teekay Corporate Events
Teekay Boosts Special Dividends as Tanker Fleet Renewal Lifts Q1 2026 Results
May 13, 2026
For the first quarter of 2026, Teekay Corporation reported U.S. GAAP net income attributable to shareholders of $47.7 million, or $0.55 per share, reflecting higher revenues and income from operations compared with both the previous quarter and th...
Teekay Sets June 16, 2026 AGM and Files 2026 Proxy with SEC
May 6, 2026
Teekay Corporation Ltd. has filed a Form 6-K with the U.S. Securities and Exchange Commission dated May 6, 2026, furnishing its 2026 proxy statement and linking it to a previously filed Form S-8 registration statement. The filing underscores Teeka...
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.