Teekay Group Announces First Quarter 2021 Earnings Results Conference Calls

Rhea-AI Summary

Teekay Corporation (NYSE: TK) is set to announce its first-quarter 2021 financial results on May 13, 2021, prior to market opening. Investors can join live conference calls for Teekay, Teekay Tankers (NYSE: TNK), and Teekay LNG (NYSE: TGP) at specified times. Teekay operates a fleet valued around $9 billion, managing approximately 135 tanker and gas assets. It is recognized as a global leader in marine transportation services, significantly contributing to the oil and gas industry.

Positive

• Teekay operates a diverse fleet valued at approximately $9 billion.
• The company manages around 135 liquefied gas and tanker assets.

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• None.

HAMILTON, Bermuda, May 07, 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 first quarter of 2021 before market open on Thursday, May 13, 2021.

All shareholders, unitholders and interested parties are invited to listen to the live conference calls by choosing from the following options:

• By dialing:
  
  

Entity	Date	Time (ET)	Telephone Number (North America)	Telephone Number (International)	Conference Code
Teekay	May 13, 2021	11:00 a.m.	1 800 367 2403	1 647 490 5367	7033590
Teekay Tankers	May 13, 2021	12:00 p.m.	1 800 458 4121	1 647 484 0477	8911981
Teekay LNG	May 13, 2021	1:00 p.m.	1 800 367 2403	1 647 490 5367	7355560

• By accessing the webcasts, which will be available on Teekay's website at www.teekay.com at the times noted above (the archives will remain on the website for a period of one year).
  

Accompanying First Quarter of 2021 Earnings Presentations will also be available at www.teekay.com in advance of the conference call start times.

About Teekay

Teekay is a leading provider of international crude oil and gas marine transportation services. Teekay provides these services primarily through its directly-owned fleet and its controlling ownership interests in Teekay LNG Partners L.P. (NYSE:TGP), one of the world’s largest independent owners and operators of LNG carriers, and 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 $9 billion, comprised of approximately 135 liquefied gas, offshore, and conventional tanker assets. With offices in 10 countries and approximately 5,350 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies.

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

About Teekay LNG

Teekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership’s ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.

Teekay LNG Partners’ common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.

About Teekay Tankers

Teekay Tankers currently has a fleet of 50 double-hull tankers (including 26 Suezmax tankers, 15 Aframax tankers and nine LR2 product tankers), and also has one time chartered-in tanker. Teekay Tankers’ vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.

Teekay Tankers’ Class A common stock trades on the New York Stock Exchange under the symbol “TNK.”

For Investor Relations
enquiries contact:

Ryan Hamilton
Tel: +1 (604) 609-2963
Website: www.teekay.com

FAQ

When will Teekay release its first quarter 2021 earnings?

Teekay will release its financial results on May 13, 2021.

What time is the Teekay conference call on May 13, 2021?

The Teekay conference call is at 11:00 a.m. ET.

How can investors listen to Teekay's earnings call?

Investors can listen by dialing the provided telephone numbers or accessing the webcast on Teekay's website.

What is the financial performance context for Teekay's first quarter 2021?

Teekay's financial performance details will be shared during the earnings release and conference call.