Teekay

Teekay Corp. provides international crude oil and other marine transportation services. Its lines of business include offshore production (FPSO units) and conventional tankers. The firm operates through the following segments: Teekay Parent and Teekay Tankers. The Teekay Parent owns floating production, storage, and offloading (FPSO) units and a minority investment in Tanker Investments Ltd. The Teekay Tankers segment offers conventional crude oil tankers and product carriers. The company was founded by Jens Torben Karlshoej in 1973 and is headquartered in Hamilton, Bermuda.

Earnings data Q1 2023

Earnings data Q2 2023

Teekay Corporation's shares rally to new multi-year highs after the company accelerated share buybacks over a couple of weeks. In recent months, the company has repurchased 6.3% of its outstanding common stock at an average price of $4.64 per share for a total of $30 million.

Teekay Corp.: Aggressive Share Buybacks Are Fueling Speculation About A Teekay Tankers Dividend

Teekay has authorized up to $30 million in share repurchases. The company announced the conclusion of a previous $30 million stock buyback program.

Why Shares of Teekay Corporation Are Soaring Today

HAMILTON, Bermuda, March 22, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has completed its previously-announced $30 million share repurchase program. Under the program, the Company has repurchased 6.45 million common shares, or approximately 6.3% of the outstanding common shares immediately prior to commencement of the program in August 2022, for a total of $30 million, which equates to an average price of $4.64 per share.

Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program

HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2022.

Teekay Corporation Reports Fourth Quarter and Annual 2022 Results

HAMILTON, Bermuda, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and annual 2022 before market open on Thursday, February 23, 2023.

Teekay Group to Announce Fourth Quarter and Annual 2022 Earnings Results on February 23, 2023

Global shipping companies continue to benefit from international LNG demand despite growing recession jitters. Earnings are seen as climbing in the near term for Teekay while its chart is even more bullish.

Teekay: Shares Consolidate Near Multi-Year Highs, Valuation Still Looks Good

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HAMILTON, Bermuda, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the quarter ended September 30, 2022.

Teekay Corporation Reports Third Quarter 2022 Results

HAMILTON, Bermuda, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced Vince Lok's retirement as Teekay's Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the Company, including the past 16 years as Teekay's Group CFO.

Teekay Announces Senior Management Change

HAMILTON, Bermuda, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2022 before market open on Thursday, November 3, 2022.

Teekay Group to Announce Third Quarter 2022 Earnings Results on November 3, 2022

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It seems odd to be analyzing the best shipping stocks on a day when the second read of second quarter GDP should convince nearly any lingering skeptic that the U.S. economy is in a recession. Furthermore, that recession is likely to last well into 2023 and come with a much harder landing than the Federal Reserve would like.

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Updating investors on a number of recent, positive developments. Value of the company's stake in Teekay Tankers has more than doubled in recent months as Russia's assault on Ukraine has reshaped tanker markets.

Teekay Corp. - Buy On Excessive Discount To NAV Despite Vastly Improved Outlook

HAMILTON, Bermuda, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $30 million of the Company's outstanding common shares. Under the program, repurchases can be made from time to time in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the U.S. Securities and Exchange Commission, in each case at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased under the program will be subject to the discretion of the Company and upon market conditions and other factors. The Company intends to make all open market repurchases under the plan in accordance with Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended.

Teekay Corporation Announces New Share Repurchase Program

HAMILTON, Bermuda, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the quarter ended June 30, 2022.

Teekay Corporation Reports Second Quarter 2022 Results

HAMILTON, Bermuda, July 28, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2022 before market open on Thursday, August 4, 2022.

Teekay Group to Announce Second Quarter 2022 Earnings Results on August 4, 2022

HAMILTON, Bermuda, May 12, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the quarter ended March 31, 2022.

Teekay Corporation Reports First Quarter 2022 Results

HAMILTON, Bermuda, April 06, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2021 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.

Teekay Group Publishes 2021 Sustainability Report; and Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2021

Teekay Tankers

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2021 Results - Earnings Call Transcript

HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the fourth quarter and year ended December 31, 2021.

Teekay Corporation Reports Fourth Quarter and Annual 2021 Results

HAMILTON, Bermuda, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and fiscal 2021 before market open on Thursday, February 24, 2022.

Teekay Group Announces Fourth Quarter and Fiscal 2021 Earnings Results Conference Calls

HAMILTON, Bermuda, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) today announced the final results of its previously announced cash tender offer (the Tender Offer) for any and all of its outstanding 5.0% Convertible Senior Notes due 2023 (the Notes), which expired at 12:00 midnight, New York City time, on February 9, 2022 (one minute after 11:59 p.m., New York City time, on February 8, 2022) (the Expiration Time).

Teekay Corporation Announces Final Results of Cash Tender Offer for 5.0% Convertible Senior Notes Due 2023

HAMILTON, Bermuda, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) announces the closing of the previously announced merger of Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) with investment vehicles managed by Stonepeak (the Merger). As part of the Merger, Teekay sold all of its ownership interest in Teekay LNG, including approximately 36.0 million Teekay LNG common units, and Teekay GP L.L.C., Teekay LNG's general partner (equivalent to approximately 1.6 million Teekay LNG common units), for $17.00 per common unit or common unit equivalent in cash, and transferred various management services companies to Teekay LNG that provide the operations for Teekay LNG and certain of its joint ventures under existing management services contracts. As consideration, Teekay received total gross cash proceeds of approximately $641 million.

Teekay Corporation Announces Closing Of Stonepeak's Acquisition of Teekay LNG

HAMILTON, Bermuda, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) today announced that it has commenced a cash tender offer (the Tender Offer) to purchase any and all of its outstanding 5.0% Convertible Senior Notes due 2023 (the Notes). The Tender Offer will expire at 12:00 midnight, New York City time, on February 9, 2022 (one minute after 11:59 p.m., New York City time, on February 8, 2022), or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the Expiration Time). The Tender Offer is made pursuant to an Offer to Purchase dated today, which sets forth the terms and conditions of the Tender Offer.

Teekay Corporation Announces Cash Tender Offer for 5.0% Convertible Senior Notes Due 2023

Teekay Corporation (TK) CEO Kenneth Hvid on Q3 2021 Results - Earnings Call Transcript

News for Teekay Stock (TK)