Teekay Corporation Ltd.

NYSE•TK

CEO: Mr. Kenneth Hvid

Sector: Energy

Industry: Oil & Gas Midstream

Listing Date: 1995-07-20

Teekay Corporation Ltd. engages in the crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services. As of March 1, 2024, the company operated a fleet of approximately 53 owned and chartered-in vessels. It serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and other entities that depend upon marine transportation. The company was formerly known as Teekay Corporation and changed its name to Teekay Corporation Ltd. in October 2024. Teekay Corporation Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.

Contact Information

Swan Building, 2nd Floor 26 Victoria Street, Hamilton, HM 12, Bermuda

441-298-2530

www.teekay.com

Market Cap

$1.09B

P/E (TTM)

12.0

21.3

Dividend Yield

15.6%

52W High

$13.76

52W Low

$5.65

52W Range

89%

Rank46Top 59.5%

3.5

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$257.70M+0.00%

4-Quarter Trend

EPS

$0.40+0.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Income Declines Net income attributable to shareholders was $133.77M USD in 2024, down from $150.64M USD in 2023, driven by lower spot TCE rates.

Total Revenues Decrease Total revenues fell to $1.22B USD in 2024 from $1.46B USD in 2023, primarily due to lower average realized spot TCE rates across key vessel classes.

Strong Cash Position Maintained Cash and equivalents increased to $685.33M USD by year-end 2024, while Teekay Parent remains debt-free following asset sales and debt repayments.

Vessel Dispositions Boost Gains Gain on sale of assets reached $38.1M USD in 2024, significantly up from $10.4M USD in 2023, reflecting ongoing fleet optimization efforts.

Risk Factors

Tanker Market Cyclicality Risk Cyclical nature of tanker industry causes volatile charter rates and utilization fluctuations, potentially impacting earnings and profitability negatively.

Geopolitical Trade Disruptions Conflicts in Ukraine and Middle East/Red Sea create instability, potentially reversing favorable trading patterns and decreasing tanker demand and rates.

Potential PFIC Tax Status Risk exists of becoming a PFIC in 2025 due to high cash levels; this could trigger adverse U.S. federal income tax consequences for U.S. shareholders.

Rising Operating Cost Exposure Increased operating costs due to inflation and crew shortages could adversely affect cash flows and financial condition if charter rates do not compensate.

Outlook

Accelerating Fleet Renewal Plans Teekay Tankers anticipates accelerating fleet renewal, dependent on newbuilding availability, market conditions, and securing necessary capital expenditures.

Monitoring Global Tax Reforms Evaluating impact of OECD Pillar Two and new Bermuda Corporate Income Tax Act effective January 1, 2025, on future financial condition.

Optimize Chartering Strategy Strategy aims to maximize spot market upside while utilizing fixed-rate time charters and FSL contracts to mitigate downside risk exposure.

Parent Liquidity Outlook Teekay Parent expects liquidity sufficient for at least one year, supported by Teekay Tankers dividends and existing cash balances.

Peer Comparison

Revenue (TTM)

NBR

$3.18B

+8.7%

SXC

$1.84B

-5.1%

PDS

$1.32B

-3.1%

Gross Margin (Latest Quarter)

REPX

192.1%

+12.3pp

BORR

31.4%

-46.8pp

HPK

23.8%

-7.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
BORR	$1.48B	35.5	4.4%	59.3%
NBR	$1.17B	4.3	57.7%	53.6%
PDS	$1.16B	851.1	0.1%	29.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

0.1%

Moderate Growth

4Q Net Income CAGR

11.5%

Profitability Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data