Teekay (NYSE:TK) announced that its Annual Reports on Form 20-F for the fiscal year ended December 31, 2025 are available. Each Annual Report has been filed with the U.S. Securities and Exchange Commission and includes the Teekay Group’s complete 2025 audited financial statements.
Reports can be accessed at www.teekay.com under Investors > Financials and Presentations, or requested in hard copy free of charge by emailing investor.relations@teekay.com.
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News Market Reaction – TK
+3.46%
+3.46%Session close to close
In the Mar 16 session, TK gained 3.46%, reflecting a moderate positive market reaction.
This announcement confirms the Teekay Group’s Form 20-F annual reports for the year ended December 3...
Analysis
This announcement confirms the Teekay Group’s Form 20-F annual reports for the year ended December 31, 2025 are available, giving investors access to complete audited financial statements and risk disclosures. Context from prior quarterly and annual updates underscores Teekay’s focus on crude oil marine transportation through Teekay Tankers’ 34-vessel fleet and related services. Investors may watch how balance sheet details, fleet composition, and risk discussions in these filings compare with earlier 2025 communications and evolving tanker-market conditions.
Key Figures
Fiscal year end:December 31, 2025Tanker fleet size:34 double-hull tankersSuezmax tankers:15 Suezmax tankers+5 more
8 metrics
Fiscal year endDecember 31, 2025Period covered by Form 20-F annual reports
Set release and call schedule for third quarter 2025 financial results.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Company History
Over the past several months, Teekay’s news flow has centered on regular operational and earnings communications. A fourth quarter and annual 2025 update on Feb 18, 2026 highlighted results and an earnings presentation, following a Feb 4, 2026 notice setting the earnings release and call dates. Earlier, a third quarter 2025 update on Oct 29, 2025 emphasized Teekay’s tanker-focused marine services footprint. An Oct 21, 2025 release announced timing for those Q3 2025 results and the related conference call.
Key Terms
form 20-f, time chartered-in, suezmax, aframax, +3 more
7 terms
form 20-fregulatory
"have released their Annual Reports on Form 20-F for the fiscal year ended"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
time chartered-intechnical
"and has three time chartered-in tankers."
Time chartered-in means a company has leased a ship from its owner for a set period and pays regular hire fees while using the vessel to carry cargo. The owner typically keeps responsibility for the crew and maintenance, while the charterer directs where and when the ship sails for commercial use. For investors, this affects a firm's operating costs, fleet capacity and flexibility—like renting a delivery truck for months instead of buying it, with predictable fees but exposure to market shipping rates and contract obligations.
suezmaxtechnical
"including 15 Suezmax tankers and 18 Aframax / LR2 tankers, and 1 VLCC"
Suezmax is the classification for the largest oil tanker size that can pass through the Suez Canal fully loaded; think of it as the biggest truck that still fits down a narrow highway. It matters to investors because ship size influences shipping costs, route choices and supply-chain flexibility — factors that affect oil transport expenses, freight rates and the profitability of energy and shipping companies.
aframaxtechnical
"including 15 Suezmax tankers and 18 Aframax / LR2 tankers, and 1 VLCC"
Aframax is a category of oil tanker sized to carry roughly 80,000–120,000 metric tons of cargo; think of it as the mid-size delivery truck of crude oil shipping. It matters to investors because the number and condition of Aframax ships a company owns, and the demand for their services, directly affect freight revenue, operating costs and exposure to shifts in global oil transport and shipping rates — similar to how a fleet of mid-size trucks shapes a logistics business.
vlcctechnical
"18 Aframax / LR2 tankers, and 1 VLCC) and has three time chartered-in"
A VLCC is a very large crude carrier — one of the biggest types of oil tankers used to move crude oil across oceans. Think of it as a giant delivery truck on water that carries millions of gallons of raw oil between producing regions and refineries; changes in how many VLCCs are available or how much it costs to operate them can affect shipping rates, oil supply flows and margins, and therefore the revenues and valuations of energy and shipping companies.
ship-to-ship transfertechnical
"owns a ship-to-ship transfer business that performs full-service lightering"
A ship-to-ship transfer is the moving of cargo—often crude oil, refined fuels, liquefied gas or bulk goods—directly between two vessels while at sea instead of using a port terminal. Think of it like transferring freight from one truck to another on the road to bypass a busy depot; for investors it matters because these transfers affect supply timing and costs, carry safety and insurance risks, and can raise regulatory or sanctions concerns that impact a company’s operations and valuation.
lighteringtechnical
"performs full-service lightering and lightering support operations in the U.S."
Lightering is the process of moving cargo—most often oil, fuel, or bulk goods—between ships while at sea or anchored, usually so a large vessel can sail into a shallow port or reduce weight for safe transit. For investors, lightering matters because it affects delivery timing, shipping costs, and supply chain reliability: delays or extra handling raise expenses and can tighten available product, which in turn can influence prices and company revenue.
HAMILTON, Bermuda, March 13, 2026 (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, 2025 (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 “Investors” section under “Financials and Presentations” for each respective entity.
Shareholders may also request hard copies of the Annual Reports, which include the Teekay Group’s complete 2025 audited financial statements, free of charge, by contacting Investor Relations via e-mail: investor.relations@teekay.com.
About Teekay
Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers, a leading owner and operator of mid-sized crude tankers. Teekay Tankers has a fleet of 34 double-hull tankers (including 15 Suezmax tankers and 18 Aframax / LR2 tankers, and 1 VLCC) and has three time chartered-in tankers. In addition, Teekay Tankers manages and operates vessels for the Australian government and Australian energy companies as part of the marine services provided by Teekay Tankers and owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the U.S. Gulf and Caribbean.
Teekay’s common shares trade on the New York Stock Exchange under the symbol “TK”.
About Teekay Tankers
Teekay Tankers has a fleet of 34 double-hull tankers (including 15 Suezmax tankers and 18 Aframax / LR2 tankers, and 1 VLCC) and has three time chartered-in tankers. Teekay Tankers’ vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. In addition, Teekay Tankers manages and operates vessels for the Australian government and Australian energy companies as part of the marine services provided by Teekay Tankers and owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation Ltd.
Teekay Tankers’ Class A common shares trade on the New York Stock Exchange under the symbol “TNK.”
When did Teekay (TK) make its 2025 Form 20-F available?
Teekay made the Form 20-F available on March 13, 2026, announcing the filing for the year ended December 31, 2025. According to Teekay, each Annual Report was filed with the U.S. SEC and includes the company's complete 2025 audited financial statements.
How can investors access Teekay (TK) 2025 Annual Reports on Form 20-F?
Investors can access the reports at www.teekay.com under Investors > Financials and Presentations. According to Teekay, shareholders may also request free hard copies by emailing investor.relations@teekay.com for mailed copies of the 2025 audited statements.
Does Teekay Tankers (TNK) have a separate Form 20-F for 2025?
Yes. Teekay Tankers (NYSE:TNK) filed its own Annual Report on Form 20-F for the year ended December 31, 2025. According to Teekay, each respective entity’s Annual Report is available on the company website in the Investors section.
What key financial content is included in Teekay's 2025 Form 20-F?
The Form 20-F includes the Teekay Group’s complete 2025 audited financial statements and related disclosures. According to Teekay, the filings provide the audited results and standard 20-F disclosures for investor review on the company's investor website.
Who should investors contact for questions about Teekay's 2025 Annual Report (TK)?
Investors should contact Investor Relations via investor.relations@teekay.com for enquiries or to request hard copies. According to Teekay, the Investor Relations team can provide the mailed Annual Reports and answer questions about the 2025 audited financial statements.
