)
Teekay (TK) investor relations material
Teekay Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported Q4 GAAP net income of $120M ($3.47/share) and adjusted net income of $97M ($2.80/share); full-year GAAP net income was $351M ($10.15/share), with adjusted net income of $241M ($6.96/share).
Generated $309M in free cash flow for 2025 and returned $69M to shareholders via dividends.
Maintained a strong cash position of $853M and ended the year with no debt.
Achieved high operational performance with 99.8% vessel availability and no lost time incidents in 2025.
Financial highlights
Q4 free cash flow from operations was $112M; realized $100M in vessel sale gains for the year.
Regular quarterly dividend of $0.25/share declared; special dividend of $1.00/share in Q2-25.
Annual G&A run rate approximated $46M, expected to remain stable or slightly lower.
Q4 2025 revenues were $257.7M, up from $228.5M in Q3 2025.
Outlook and guidance
Spot tanker rates at the start of 2026 are above five-year highs, with strong booking levels for Q1.
Global oil demand projected to rise by 1.1M barrels/day in 2026, with non-OPEC+ supply up 1.3M barrels/day.
Q1-26 outlook anticipates higher net revenue days due to new vessel acquisitions and fewer dry dockings.
Near-term tanker market outlook remains positive, with medium-term balance dependent on fleet renewal timing.
- Strong Q2 earnings, robust spot rates, and prudent fleet renewal support continued value.TK
Q2 20242 Feb 2026 - Strong Q3 results, major capital returns, and a positive tanker market outlook.TK
Q3 202417 Jan 2026 - 2024 saw $355M adjusted net income, $151M capital returns, and ongoing fleet renewal.TK
Q4 202423 Dec 2025 - Strong Q1 2025 earnings, vessel sales, and dividends amid robust but uncertain tanker markets.TK
Q1 202526 Nov 2025 - Strong Q2 results, major vessel sales, special dividend, and a positive but volatile market outlook.TK
Q2 202516 Nov 2025 - Record quarterly earnings, strong spot rates, and major vessel sales amid market volatility.TK
Q3 20253 Nov 2025
Next Teekay earnings date
Next Teekay earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)