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Teekay Group to Announce Second Quarter 2025 Earnings Results on July 30, 2025
Globenewswire· 2025-07-22 20:05
Core Viewpoint - Teekay Corporation Ltd. and Teekay Tankers Ltd. are set to release their financial results for the second quarter of 2025 on July 30, 2025, followed by a conference call on July 31, 2025, to discuss these results [1][2]. Company Overview - Teekay is a prominent provider of international crude oil marine transportation and marine services, operating through its controlling interest in Teekay Tankers Ltd., which manages approximately 58 conventional tankers and other marine assets [3]. - Teekay Tankers operates a fleet of 37 double-hull tankers, including 21 Suezmax and 16 Aframax/LR2 tankers, and also manages vessels for the Australian Government and energy companies [5]. Financial Communication - The Teekay Group will host a conference call on July 31, 2025, at 11:00 a.m. (ET) to discuss the second quarter 2025 results, with an accompanying earnings presentation available on their website [2]. - Teekay's common shares trade on the New York Stock Exchange under the symbol "TK," while Teekay Tankers' Class A common shares trade under the symbol "TNK" [4][6].
Teekay Tankers Ltd. Reports First Quarter 2025 Results and Declares Dividends
Globenewswire· 2025-05-07 20:05
Core Viewpoint - Teekay Tankers Ltd. reported its financial results for Q1 2025, declaring a fixed cash dividend of $0.25 per share and a special cash dividend of $1.00 per share, payable on May 30, 2025 [1]. Company Overview - Teekay Tankers operates a fleet of 35 double-hull tankers, which includes 20 Suezmax tankers and 15 Aframax/LR2 tankers, along with four time-chartered oil and product tankers [3]. - The company employs its vessels through a combination of spot market trading and short- to medium-term fixed-rate time charter contracts [3]. - Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50% joint venture and manages vessels for the Australian Government and energy companies [3]. - Additionally, the company operates a ship-to-ship transfer business that provides lightering services in the U.S. Gulf and Caribbean [3]. - Teekay Tankers was established in December 2007 by Teekay Corporation Ltd. [3].
Teekay Group Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2024
Globenewswire· 2025-04-01 20:05
Core Viewpoint - Teekay Corporation Ltd. and Teekay Tankers Ltd. have released their Annual Reports for the fiscal year ended December 31, 2024, which are available for public access [1][2]. Company Overview - Teekay is a prominent provider of international crude oil marine transportation and marine services, operating through its controlling interest in Teekay Tankers Ltd. [2] - Teekay Tankers manages approximately 60 conventional tankers and other marine assets, including vessels for the Australian government, with a workforce of around 2,300 employees across eight countries [2]. Fleet and Operations - Teekay Tankers operates a fleet of 37 double-hull tankers, including 22 Suezmax and 15 Aframax/LR2 tankers, along with five time-chartered-in tankers [4]. - The vessels are employed through a combination of spot market trading and short- to medium-term fixed-rate time charter contracts [4]. - Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a joint venture and manages vessels for the Australian government and energy companies [4]. Stock Information - Teekay's common shares are traded on the New York Stock Exchange under the symbol "TK," while Teekay Tankers' Class A common shares trade under the symbol "TNK" [3][5].