Teekay Corporation (TK)
NYSE NYSE Primary 
SET 
Teekay Group Publishes 2024 Sustainability Report
HAMILTON, Bermuda, June 09, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2024 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.
Teekay Corporation Ltd. (TK) Q1 2025 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TK ) Q1 2025 Results Conference Call May 8, 2025 11:00 AM ET Company Participants Kenneth Hvid - President, CEO & Director Christian Waldegrave - Director, Research & Commercial Performance Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Operator Welcome to the Teekay Group First Quarter 2025 Earnings Results Conference Call.
Teekay Tankers: Tankers Love Gluts
OPEC+ is increasing oil production, leading to a supply glut and rising tanker rates, benefiting Teekay Tankers significantly. TNK's large spot market fleet positions it to capitalize on elevated tanker rates, despite modest Q1 results. Elevated tanker rates could result in substantial dividends for TNK investors, with special dividends already planned for May and July 2025.
Teekay Tankers Ltd. Reports First Quarter 2025 Results and Declares Dividends
HAMILTON, Bermuda, May 07, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2025 and announced that its Board of Directors has declared its fixed cash dividend of $0.25 per share for the quarter ended March 31, 2025.
Teekay Corporation Ltd. First Quarter 2025 Business Update; and Declares a Special Dividend
HAMILTON, Bermuda, May 07, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported a business update for the three months ended March 31, 2025.
Teekay Tankers Is Cheap With Cash Equivalent To 39% Of Its Capitalization
Teekay Tankers (TNK) presents a compelling buy opportunity due to a ~30% drawdown, strong net cash position, and favorable valuation metrics. TNK's valuation is attractive with a Price to Book ratio of ~0.78x, indicating potential undervaluation despite market concerns over asset writedowns. The company boasts a robust balance sheet with ~$530 million in cash and minimal debt, enabling potential share repurchases and dividend boosts.
Teekay Group Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2024
HAMILTON, Bermuda, April 01, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) have released their Annual Reports on Form 20-F for the fiscal year ended December 31, 2024 (Annual Reports). Each Annual Report has been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the āInvestorsā section under āFinancials and Presentationsā for each respective entity.
Teekay Corporation: Debt Free Crude Tanker Exposure At A Discount - Buy
Teekay Corporation Ltd. reported profitable fourth quarter and full year 2024 results, which were again driven by the performance of its main consolidated subsidiary, Teekay Tankers. However, cash decreased by almost $100 million on a sequential basis due to a large special dividend payment, persistent share buybacks and the acquisition of additional Teekay Tankers shares. While Teekay Tankers continues to generate substantial amounts of cash, capital allocation concerns have resulted in shares currently changing hands at an almost 40% discount to net asset value.
Teekay Corporation Ltd. (TK) Q4 2024 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TK ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Kenneth Hvid - President, CEO & Director Christian Waldegrave - Director, Research & Commercial Performance Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Merrill Lynch Operator Welcome to the Teekay Group Fourth Quarter 2024 Earnings Results Conference Call.
Teekay Corporation Ltd. Reports Fourth Quarter and Annual 2024 Results
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2024 Results and Declares Dividend
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and the year ended December 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2024. The cash dividend is payable on March 14, 2025 to all shareholders of record as at March 3, 2025.
Teekay Group to Announce Fourth Quarter and Annual 2024 Earnings Results on February 19, 2025
HAMILTON, Bermuda, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the fourth quarter and annual 2024 after market close on Wednesday, February 19, 2025.
