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 Ltd. (NYSE: TK) is a marine transportation company focused on international crude oil shipping and related marine services. News about Teekay often centers on its consolidated results and business updates, which include the performance of its controlled subsidiary, Teekay Tankers Ltd. (NYSE: TNK), a leading owner and operator of mid-sized crude tankers.
On this page, readers can follow TK news that covers quarterly business updates, earnings announcements, and operational highlights. Teekay’s recent releases describe net income attributable to Teekay shareholders, cash position at Teekay Parent, and the market value of its investment in Teekay Tankers. Updates also discuss fleet renewal activity at Teekay Tankers, including vessel acquisitions, vessel sales, and changes in the composition of its tanker fleet and other marine assets.
Company news frequently details dividend declarations by Teekay Tankers and special dividends by Teekay, along with information about conference calls and webcasts where management discusses quarterly and annual results. Announcements from the Teekay Group also highlight governance developments, such as changes to the Boards of Directors of Teekay and Teekay Tankers.
Investors and followers of TK stock can use this news feed to track Teekay’s role in deep sea freight transportation, its relationship with Teekay Tankers, and its marine services for energy companies and government customers. For those monitoring the crude tanker market, Teekay’s news provides context on fleet size, employment mix for tankers, and ship-to-ship transfer and lightering operations associated with Teekay Tankers.
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
Teekay (TK) reported its first-quarter 2024 results, showcasing its leadership in international crude oil marine transportation and marine services. Teekay manages 64 conventional tankers and various marine assets, offering comprehensive services to top energy companies. The stock is listed on NYSE as 'TK'.
Teekay Group, including Teekay and Teekay Tankers , is set to report their first quarter 2024 financial results on May 9, 2024. Teekay Tankers will host a conference call on the same day at 11:00 a.m. (ET) to discuss the results.
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