Teekay Corporation Reports First Quarter 2022 Results

Rhea-AI Summary

Teekay Corporation (NYSE:TK) reported its financial results for Q1 2022, closing the quarter on March 31. The company is a major player in marine transportation services, managing around $2 billion in assets, including approximately 55 conventional tankers. Teekay operates through its controlling interest in Teekay Tankers Ltd. and employs about 2,500 personnel across 8 countries. Investors can find detailed earnings information on the company's website.

Positive

• Teekay manages approximately $2 billion in assets.
• The company operates around 55 conventional tankers, positioning it as a leading provider in the marine services sector.
• Teekay's operational reach spans 8 countries, indicating a diversified geographic presence.

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• None.

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.

The full earnings release is available on the Company’s website here.

About Teekay

Teekay is a leading provider of international crude oil and other marine transportation services. Teekay provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK), one of the world’s largest owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate total assets under management of approximately $2 billion, comprised of approximately 55 conventional tankers and other marine assets. With offices in 8 countries and approximately 2,500 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading energy companies.

Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.

For Investor Relations
enquiries contact:

E-mail: investor.relations@teekay.com
Website: www.teekay.com

FAQ

What were the results reported by Teekay Corporation for Q1 2022?

Teekay Corporation reported its Q1 2022 financial results, ending the quarter on March 31.

What is Teekay Corporation's stock symbol?

Teekay Corporation's stock is traded under the symbol 'TK' on the New York Stock Exchange.

How many assets does Teekay manage?

Teekay manages total assets worth approximately $2 billion.

How many conventional tankers does Teekay operate?

Teekay operates around 55 conventional tankers as part of its marine transportation services.

In how many countries does Teekay operate?

Teekay operates in 8 countries worldwide.