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 Q2 2023

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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

Teekay Tankers

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q3 2021 Results - Earnings Call Transcript

Teekay Tankers (TNK) delivered earnings and revenue surprises of 9.20% and -0.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Teekay Tankers (TNK) Reports Q3 Loss, Misses Revenue Estimates

Teekay Corporation Reports Third Quarter 2021 Results

HAMILTON, Bermuda, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2021 before market open on Thursday, November 4, 2021.

Teekay Group Announces Third Quarter 2021 Earnings Results Conference Calls

Teekay LNG Partners

Low-ball take-under offer at $17 per unit - just as energy-related stocks have started to move.

Why Investors Should Vehemently Reject Teekay LNG's Proposed Take-Under Offer

Discussing surprise sale of Teekay LNG Partners to private equity firm Stonepeak.

Teekay Corporation - Surprise Sale Of Teekay LNG Partners Likely Prelude To Strategic Reboot

Teekay LNG Partners L.P. TGP, +8.73% shares are up nearly 9% to $17.05 after the shipping company said it agreed to be acquired by private equity firm Stonepeak for $17 per common unit, or $6.2 billion, including consolidated and proportionate joint venture net debt and $1.5 billion in common unit equity value.

Teekay LNG rallies on buyout deal with Stonepeak

Let's see if Teekay (TGP) stock is a good choice for value-oriented investors right now from multiple angles.

Is Teekay (TGP) a Suitable Stock for Value Investors Now?

HAMILTON, Bermuda, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announces that it has entered into a contract with the Australian Government Department of Defence to provide marine services for five Australian Government vessels for a firm period of six years, with options to extend for up to an additional 10 years. Under the contract, which is expected to commence in November 2021, Teekay will provide ship management services, including crewing and training, operating, engineering, maintenance, and supply support.

Teekay Corporation Announces New Australian Government Contract

Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q2 2021 Results - Earnings Call Transcript

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q2 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q2 2021 Results - Earnings Call Transcript

Teekay Corporation (NYSE: TK) reported a second-quarter revenue decline of 32.6% year-over-year to $325.48 million. Total adjusted EBITDA declined by 45.6% Y/Y to $171.93 million.

Teekay Corp Q2 Revenues Decline 32% Hit By Drydocking Schedule

Teekay Tankers (TNK) delivered earnings and revenue surprises of -18.27% and -13.23%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Teekay Tankers (TNK) Reports Q2 Loss, Misses Revenue Estimates

Shares of Teekay Tankers (NYSE:TNK) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share decreased 151.46% year over year to ($1.23), which missed the estimate of ($0.98).

Teekay Tankers: Q2 Earnings Insights

Teekay Corporation Reports Second Quarter 2021 Results

HAMILTON, Bermuda, July 29, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2021 before market open on Thursday, August 5, 2021.

Teekay Group Announces Second Quarter 2021 Earnings Results Conference Calls

Company reduces FPSO asset retirement obligations by $30 million after a highly favorable agreement with CNR International, the operator of the Banff field in the North Sea.

Teekay Corporation: Stock At 52-Week Highs After Surprise Resolution Of Legacy FPSO Exposure

HAMILTON, Bermuda, May 27, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announces the completion of the remaining conditions precedent relating to the previously announced Decommissioning Services Agreement (DSA) with CNR International (UK) Limited (CNRI), on behalf of the Banff joint venture, whereby Teekay has engaged CNRI to decommission the Company's remaining subsea infrastructure located within the CNRI-operated Banff Field. As part of the DSA, which is now in full effect, CNRI has assumed full responsibility for Teekay's remaining asset retirement obligations (Phase II) for the above-mentioned facilities, which should enable CNRI to complete Teekay's Phase II work in conjunction with their other decommissioning work at the Banff Field in a more efficient manner.

Teekay Corporation Completes Banff Decommissioning Agreement

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q1 2021 Results - Earnings Call Transcript

Teekay LNG Partners L.P. (TGP) CEO Mark Kremin on Q1 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q1 2021 Results - Earnings Call Transcript

News for Teekay Stock (TK)