Teekay Corporation Reports Fourth Quarter and Annual 2021 Results

Rhea-AI Summary

Teekay Corporation (NYSE:TK) reported its fourth quarter and full-year results for 2021, highlighting a significant operational footprint in the marine transportation sector. The company's assets under management are approximately $2 billion, including around 55 conventional tankers. Teekay is noted for its robust service provision to leading energy companies globally. The earnings release along with the presentation is available on Teekay's website for detailed financial insights.

Positive

• Total assets under management are approximately $2 billion.
• Ownership interest in Teekay Tankers Ltd., one of the largest mid-sized crude tanker operators.

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• None.

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.

The full earnings release and earnings presentation are 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 Teekay Corporation's fourth quarter results for 2021?

Teekay Corporation has released its financial results for the fourth quarter of 2021 with detailed information available on its website.

How many tankers does Teekay Corporation operate?

Teekay Corporation operates approximately 55 conventional tankers as part of its marine assets.

What is Teekay Corporation's stock symbol?

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

What is the total asset value managed by Teekay Corporation?

Teekay Corporation manages total assets valued at approximately $2 billion.