NYSE$TK

Teekay Corporation · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Teekay Corporation Ltd. reported its first quarter 2025 financial results.

Teekay Corporation Ltd. reported GAAP net income attributable to shareholders of $14.9 million, or $0.17 per share, for the first quarter of 2025. The company declared a one-time special cash dividend of $1.00 per common share, payable in July 2025, and repurchased $4.2 million worth of its outstanding common shares.

  • GAAP net income attributable to shareholders of Teekay was $14.9 million, or $0.17 per share, in Q1 2025.
  • Teekay declared a one-time special cash dividend of $1.00 per common share, payable in July 2025.
  • Teekay repurchased $4.2 million worth of its common shares at an average price of $6.69 per share.
  • Teekay Tankers agreed to acquire one 2019-built LR2 vessel and sold six vessels for approximately $183 million.

Headline financials

Total Revenue

$231M

Previous: $365M-36.7%
EPS (adj)

$0.17

Previous: $0.44-61.4%
Common Shares Repurchased Value

$4.2M

No prior period
Teekay Tankers Vessel Sales Proceeds

$183M

No prior period
Teekay Tankers Quarterly Dividend Per Share

$0.25

No prior period
Teekay Parent Cash and Cash Equivalents

$177M

No prior period
Teekay Parent Investment in Teekay Tankers

$407M

No prior period
Outstanding Common Shares

83.5M

No prior period
Net Income

$14.9M

Previous: $54.6M-72.7%
Operating Income

$71.3M

Previous: $129M-44.7%

Revenue & EPS history

Teekay · Revenue · Quarterly

$231M

Q1 2025-36.7%vs Q1 2024

Forward guidance

The forward-looking statements indicate that Teekay expects to continue its dividend payments and vessel acquisitions, while simplifying its reporting structure. However, potential delays in vessel delivery and other risks could impact actual results.

Tailwinds

  • Continued payment of cash dividends by Teekay and Teekay Tankers.
  • Simplification of quarterly reporting to streamline processes and reduce costs.
  • Acquisition of a 2019-built LR2 vessel by Teekay Tankers expected in Q2 2025.
  • Increased size of Teekay's Board of Directors with a new appointment.
  • Teekay Tankers' fleet renewal plan is progressing with new acquisitions.

Headwinds

  • Potential delay of the vessel delivery to Teekay Tankers with respect to its proposed acquisition.
  • Risks and uncertainties that could cause actual results to differ materially from forward-looking statements.
  • No changes to the quarterly reporting of Teekay Tankers, which might be seen as a missed opportunity for further simplification.
  • Reliance on current expectations and assumptions, which may not materialize.
  • The company expressly disclaims any obligation to update or revise forward-looking statements, which means investors should not rely solely on these statements for future performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.0%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-0.5%

Avg return

30 days after

52%

34 / 66 earnings

Positive

+27.1%

Q4 2019

Best reaction

-15.2%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%+1.3%-6.3%
Q4 2025+3.2%+4.3%-3.0%
Q3 2025-1.7%-0.5%+2.2%
Q1 2025-3.5%+3.3%+9.3%
Q4 2024-3.9%-1.9%-3.9%
Q3 2024+10.9%+8.2%-2.3%
Q2 2024-11.4%-14.6%-4.2%
Q1 2024+9.1%+8.8%+14.3%
Q4 2023-11.2%-9.7%-11.2%
Q3 2023+1.1%-3.4%-4.5%
Q2 2023-1.2%+0.8%-2.4%
Q1 2023+11.4%+7.2%+10.9%
Q4 2022+10.3%+17.3%+16.7%
Q3 2022+6.6%+12.0%+10.6%
Q2 2022+4.0%+6.2%+7.2%
Q1 2022-4.5%+1.5%-0.3%
Q4 2021+6.6%+4.7%+2.8%
Q3 2021-4.0%+0.3%-14.7%
Q2 2021-2.5%-1.1%+21.2%
Q1 2021-3.4%-3.4%+14.5%
Q4 2020-7.8%-6.4%+9.9%
Q3 2020-9.2%-0.9%+25.2%
Q2 2020+3.6%-4.4%-10.9%
Q1 2020-6.4%-5.8%-17.4%
Q4 2019+27.1%+17.7%-2.8%
Q3 2019+1.8%+1.8%+1.6%
Q2 2019-10.3%-21.9%-19.5%
Q1 2019-11.0%-13.6%-27.9%
Q4 2018+5.1%+8.0%+3.9%
Q3 2018-15.2%-29.3%-35.7%
Q2 2018+1.2%+1.0%-1.7%
Q1 2018-10.6%-12.3%-13.8%
Q4 2017+4.4%+1.3%+2.1%
Q3 2017+12.3%+3.6%+0.5%
Q2 2017-0.8%-2.2%-9.9%
Q1 2017-11.0%-10.6%-24.1%
Q4 2016-8.8%-9.7%-15.6%
Q3 2016+2.0%+3.1%+32.5%
Q2 2016+5.0%+8.1%+27.3%
Q1 2016+4.1%
Q4 2015+13.3%
Q3 2015-6.9%
Q2 2015+3.9%
Q1 2015-1.6%
Q4 2014-2.8%
Q3 2014-1.7%
Q2 2014+0.2%
Q1 2014+1.1%
Q4 2013+2.0%
Q3 2013+1.9%
Q2 2013-3.5%
Q1 2013+2.1%
Q4 2012-1.8%
Q3 2012+3.4%
Q2 2012-4.2%
Q1 2012-0.4%
Q4 2011+2.1%
Q4 2008+2.1%
Q3 2011-8.6%
Q2 2011+1.2%
Q1 2011+0.3%
Q4 2010-0.9%
Q4 2009-0.9%
Q3 2010+1.0%
Q2 2010-1.3%
Q1 2010+5.4%

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