Teekay Group to Announce First Quarter 2022 Earnings Results on May 12, 2022

Rhea-AI Summary

Teekay Corporation (TK) and Teekay Tankers Ltd. (TNK) will announce their first quarter 2022 financial results before market open on May 12, 2022. A conference call is scheduled for the same day at 11:00 a.m. ET, where management will discuss the results. Shareholders can listen by phone or via a webcast on Teekay's website. Teekay offers marine transportation services and manages approximately $2 billion in assets, alongside a fleet of 45 tankers. The consolidated entity employs about 2,500 people and supports major energy companies globally.

Positive

• Teekay will release Q1 2022 financial results, indicating transparency and engagement with investors.
• Scheduled conference call allows for direct communication between management and shareholders.
• Teekay manages approximately $2 billion in assets, demonstrating significant scale and capability.

Negative

• None.

HAMILTON, Bermuda, May 04, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quarter of 2022 before market open on Thursday, May 12, 2022.

Teekay Tankers plans to host a conference call on Thursday, May 12, 2022 at 11:00 a.m. (ET) to discuss its results for the first quarter of 2022. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:

• By dialing (888) 256-1007, or (647) 484-0478 if outside of North America, and quoting conference ID code 8752556.
• By accessing the webcast, which will be available on Teekay’s website at www.teekay.com (the archive will remain on the website for a period of one year).

Accompanying Teekay Tankers First Quarter 2022 Earnings Presentation will also be available at www.teekay.com in advance of the conference call start time.

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”.

About Teekay Tankers

Teekay Tankers currently has a fleet of 45 double-hull tankers (including 25 Suezmax tankers, 11 Aframax tankers and nine LR2 product tankers), and also has three time chartered-in tankers. 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 oil tanker business.

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

For Teekay Investor Relations
enquiries contact:

E-mail: investor.relations@teekay.com

For Teekay Tankers Investor Relations
enquiries contact:

E-mail: TeekayTankers@IGBIR.com

Website: www.teekay.com

FAQ

When will Teekay Corporation release its first quarter 2022 financial results?

Teekay Corporation will release its first quarter 2022 financial results before market open on May 12, 2022.

What time is the Teekay Tankers conference call for Q1 2022 results?

The Teekay Tankers conference call to discuss Q1 2022 results is scheduled for May 12, 2022, at 11:00 a.m. ET.

How can I listen to the Teekay conference call?

You can listen to the Teekay conference call by dialing (888) 256-1007 or accessing the webcast on Teekay's website.

What is the current fleet size of Teekay Tankers?

Teekay Tankers currently has a fleet of 45 double-hull tankers, including Suezmax, Aframax, and LR2 product tankers.

What services does Teekay provide?

Teekay provides international crude oil and marine transportation services, including tanker operations and lightering support.