Welcome to our dedicated page for Teekay Corporation news (Ticker: TK), a resource for investors and traders seeking the latest updates and insights on Teekay Corporation stock.
Teekay Corporation (NYSE: TK) delivers essential marine energy transportation and offshore services through its global fleet operations. This news hub provides investors and industry stakeholders with direct access to the company's official communications and material developments.
Track verified updates across Teekay's core activities including LNG transportation contracts, offshore production partnerships, and fleet expansion initiatives. Our curated feed consolidates earnings announcements, regulatory filings, and strategic updates from primary sources to support informed analysis of this marine midstream operator.
Key content categories include quarterly financial results, joint venture announcements, safety certifications, and operational milestones across Teekay's conventional tanker and marine services divisions. All materials are sourced directly from company disclosures to ensure reliability.
Bookmark this page for streamlined monitoring of Teekay's position in global energy logistics markets. Combine these verified updates with broader market analysis for comprehensive evaluation of TK's marine transportation operations.
Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) have announced the release of their Annual Reports on Form 20-F for the fiscal year ended December 31, 2024. The reports are available on www.teekay.com and have been filed with the SEC.
Teekay operates as a leading provider of international crude oil marine transportation and services through its controlling stake in Teekay Tankers. The company manages approximately 60 conventional tankers and marine assets, including vessels for the Australian government, with 2,300 employees across eight countries.
Teekay Tankers' fleet consists of 37 double-hull tankers (22 Suezmax and 15 Aframax/LR2), five time chartered-in tankers, and a 50% stake in a VLCC. The company operates through spot market trading and fixed-rate time charters, while also providing ship-to-ship transfer services in the U.S. Gulf and Caribbean.
Teekay (NYSE:TK) reported its financial results for Q4 and the full year ending December 31, 2024. The complete earnings release and presentation are accessible on the company's website.
Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) have scheduled their fourth quarter and annual 2024 earnings release for February 19, 2025, after market close. The companies will host a conference call the following day, February 20, 2025, at 11:00 a.m. ET to discuss their financial results.
Shareholders and interested parties can participate in the conference call either by dialing 1(800) 289-0438 (North America) or 1(647) 484-0478 (international) with conference ID 5649868, or by accessing the webcast through Teekay's website. The earnings presentation will be available on the company's website before the call, and the webcast archive will remain accessible for one year.
Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) announced significant changes to their Boards of Directors, effective December 31, 2024. The restructuring aligns with the strategy to position Teekay Tankers as the sole operating platform within the Teekay Group.
Key changes include David Schellenberg and Alan Semple stepping down from Teekay's Board to join Teekay Tankers' Board, with Poul Karlshoej appointed as new Teekay Director. Heidi Locke Simon will become Chair of both Boards. The Teekay Board will be reduced from six to five members, while the Teekay Tankers Board will expand from five to seven members.
Kenneth Hvid will step down as Teekay Tankers Board Chair but remain as Director on both Boards. Richard du Moulin and Sai Chu are retiring from the Teekay Tankers Board.
Teekay (NYSE:TK) has announced three significant developments: a special dividend of $1.00 per common share payable on December 18, 2024, to shareholders of record on December 4, 2024, and a new share repurchase program of up to $40 million. The company, which operates approximately 62 conventional tankers and other marine assets through its controlling stake in Teekay Tankers (NYSE: TNK), provides crude oil marine transportation and other marine services globally, employing about 2,200 staff across 8 countries.
Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK), collectively known as the Teekay Group, have announced their plans to release third quarter 2024 financial results on October 30, 2024, after market close. The group will host a conference call on October 31, 2024, at 11:00 a.m. (ET) to discuss these results.
Shareholders and interested parties can participate in the conference call by:
- Dialing 1(800) 239-9838 (North America) or 1(647) 794-4605 (outside North America), using conference ID code 6243411
- Accessing the webcast on the Teekay Group's website at www.teekay.com
The Teekay Group Third Quarter 2024 Earnings Presentation will be available on their website before the conference call.
Teekay (NYSE:TK) has nearly completed its $25 million share repurchase program, buying back 3.25 million common shares at an average price of $7.49 per share. Since August 2022, Teekay has repurchased a total of 14.97 million common shares, or 14.7% of outstanding shares, for $84.4 million at an average price of $5.64 per share. The company's Board of Directors has now authorized a new $40 million share repurchase program. Repurchases will be made in the open market, through private transactions, and other means permitted by SEC rules, with timing and volume based on market conditions and other factors. All open market repurchases will comply with Rule 10b-18 of the U.S. Securities Exchange Act of 1934.
Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) announced senior management changes effective by August 31, 2024. Kevin Mackay, President and CEO, and Stewart Andrade, CFO, will leave Teekay Tankers. Kenneth Hvid, CEO of Teekay , will assume the additional role of President and CEO of Teekay Tankers. Brody Speers, VP of Finance and Treasurer, will become CFO for both companies. Mikkel Seidelin, Head of Chartering & Commercial Ops, is appointed Chief Commercial Officer. These changes aim to simplify Teekay's management structure and enhance value creation for long-term shareholders. The Board thanked Mackay and Andrade for their significant contributions, which include navigating challenging periods and strengthening ship management.
Teekay (NYSE:TK) has released its second quarter 2024 results. As a leading provider of international crude oil marine transportation and other marine services, Teekay operates directly and through its controlling stake in Teekay Tankers (NYSE: TNK). The consolidated Teekay entities manage approximately 65 conventional tankers and other marine assets, including vessels operated for the Australian government. With a global presence across 8 countries and a workforce of about 2,200 employees, Teekay offers comprehensive marine services to major energy companies worldwide. The full earnings report is available on the company's website for detailed financial information and performance metrics.
Teekay (NYSE:TK) and Teekay Tankers (NYSE:TNK) have announced their plans to release second quarter 2024 financial results on August 1, 2024, before the market opens. Teekay Tankers will host a conference call at 11:00 a.m. (ET) on the same day to discuss the results.
Shareholders and interested parties can participate in the live conference call by either:
- Dialing 1(800) 289-0438 (North America) or 1(647) 484-0478 (outside North America) with conference ID code 4650117
- Accessing the webcast on Teekay's website at www.teekay.com
