Teekay Group to Announce First Quarter 2025 Earnings Results on May 7, 2025

Rhea-AI Summary

Teekay Group has scheduled its first quarter 2025 financial results announcement for May 7, 2025, after market close. The company will host a conference call on May 8, 2025, at 11:00 a.m. (ET) to discuss the results.

Teekay, trading as NYSE:TK, is a major provider of international crude oil marine transportation through its controlling stake in Teekay Tankers (NYSE:TNK). The company operates approximately 57 conventional tankers and marine assets, employing 2,300 staff across eight countries.

Teekay Tankers maintains a diverse fleet including:

• 21 Suezmax tankers
• 15 Aframax/LR2 tankers
• 4 time chartered-in oil tankers
• 50% ownership in a VLCC joint venture

The company specializes in spot market trading and fixed-rate time charter contracts, while also managing vessels for the Australian Government and providing ship-to-ship transfer services in the U.S. Gulf and Caribbean.

Positive

• Large fleet of 36 double-hull tankers including 21 Suezmax and 15 Aframax/LR2 tankers
• Diversified revenue streams through spot market trading and fixed-rate time charters
• Strategic joint venture ownership of VLCC vessel
• Additional revenue from Australian Government contracts and ship-to-ship transfer business
• Substantial operational scale with 2,300 employees and presence in 8 countries

Negative

• None.

HAMILTON, Bermuda, April 29, 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 first quarter 2025 after market close on Wednesday, May 7, 2025.

The Teekay Group plans to host a conference call on Thursday, May 8, 2025 at 11:00 a.m. (ET) to discuss its results for the first quarter 2025. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:

• By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conference ID code 2797116.
• By accessing the webcast, which will be available on the Teekay Group’s website at www.teekay.com (the archive will remain on the website for a period of one year).

The accompanying Teekay Group first quarter 2025 earnings presentation will also be available at www.teekay.com in advance of the conference call start time.

About Teekay

Teekay is a leading provider of international crude oil marine transportation and marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK), a leading owner and operator of mid-sized crude tankers. Teekay Tankers manages and operates approximately 57 conventional tankers and other marine assets, including vessels operated for the Australian Government. With offices in eight countries and approximately 2,300 seagoing and shore-based employees, Teekay Tankers provides a comprehensive set of marine services to the world’s leading energy companies.

Teekay’s common shares trade on the New York Stock Exchange under the symbol “TK”.

About Teekay Tankers

Teekay Tankers has a fleet of 36 double-hull tankers (including 21 Suezmax tankers and 15 Aframax / LR2 tankers), and also has four time chartered-in oil 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. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers manages and operates vessels for the Australian Government and Australian energy companies as part of the marine services provided by the Company 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.”

For Investor Relations enquiries contact:

E-mail: investor.relations@teekay.com
Website: www.teekay.com

FAQ

When will Teekay (TK) release Q1 2025 earnings?

Teekay Corporation (TK) will release its Q1 2025 earnings after market close on Wednesday, May 7, 2025, followed by a conference call on Thursday, May 8, 2025 at 11:00 a.m. ET.

How many ships does Teekay Tankers operate in 2025?

Teekay Tankers operates a fleet of 36 double-hull tankers, consisting of 21 Suezmax tankers and 15 Aframax/LR2 tankers, plus four time chartered-in oil tankers and a 50% owned VLCC.

How can investors join Teekay's Q1 2025 earnings call?

Investors can join by dialing 1(800) 289-0438 (North America) or 1(647) 484-0478 (International) with conference ID 2797116, or by accessing the webcast at www.teekay.com.

What services does Teekay (TK) provide in the shipping industry?

Teekay provides international crude oil marine transportation and marine services through its controlling ownership in Teekay Tankers, managing approximately 57 conventional tankers and other marine assets.

Where are Teekay's stocks listed and what are their symbols?

Teekay Corporation trades on the New York Stock Exchange under the symbol 'TK', while Teekay Tankers trades under the symbol 'TNK'.