Teekay
Holding company controlling Teekay Tankers, a spot-rate crude- and product-tanker fleet.
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Profile
Pure holding company whose only operating asset is a controlling stake in Teekay Tankers Ltd. (NYSE: TNK), an operator of roughly 48 crude- and product-tankers running predominantly on spot rates. After exiting LNG and offshore segments through 2022, the group now earns through tanker-rate cycles alone.
Controlling shareholder of Teekay Tankers Ltd. (NYSE: TNK), a mid-sized crude- and product-tanker operator running roughly 48 vessels — mostly Suezmax and Aframax / LR2 — on spot or short-term rates. The economic interest is roughly a third and the voting interest is majority. No direct vessel operations remain at the holding-company level.
After exiting offshore production (sold to Brookfield in 2019) and LNG transportation (sold to Stonepeak in 2022), the group pared back to tankers alone, completing the simplification with the sale of its management-services subsidiaries to TNK at year-end 2024.
Revenue flows from spot tanker-rate exposure across a globally spread fleet. Charter-rate cycles, single-subsidiary concentration, and the Bermuda Corporate Income Tax Act that took effect in 2025 are the structural dependencies that define the business today.
Company facts
Categories
Key statistics
Year to date +47.8% · Average volume (30d) 553.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.11 | $0.79 | +618.2% | $664.9M | $379.1M | −43.0% | −1.31% |
| May 13, 2026Q1 FY26 | $0.11 | $0.55 | +400.0% | $285.8M | $285.8M | 0.0% | +0.15% |
| Feb 18, 2026Q4 FY25 | $0.11 | $0.40 | +263.6% | $257.7M | $257.7M | 0.0% | +2.78% |
| Oct 29, 2025Q3 FY25 | — | $0.34 | — | — | — | — | −1.68% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $231.6M | $231.7M | $228.5M | $257.7M | $332.5M | $664.9M | |
| Gross profit | $69.2M | $82.0M | $98.4M | $98.4M | $191.7M | $383.3M | |
| Operating income | $74.4M | $49.6M | $69.2M | $109.7M | $184.0M | $368.0M | |
| Net income | $76.0M | −$42.4M | $29.6M | $35.0M | $58.6M | $117.2M | |
| Diluted EPS | $0.91 | −$0.50 | $0.35 | $0.40 | $0.67 | $1.33 | |
| Gross margin | 29.9% | 35.4% | 43.1% | 38.2% | 57.6% | 57.6% | |
| Operating margin | 32.1% | 21.4% | 30.3% | 42.6% | 55.3% | 55.3% |
Fiscal years (4-quarter sums)FY21 $682.5M · FY22 $1.19B · FY23 $1.46B · FY24 $1.22B · FY25 $949.5M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.27B · Total debt $37.5M · Total assets $2.65B · Shareholders' equity $760.7M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 26, 2026 | May 26 | Jun 2 | $1.00 | special dividend |
| Jul 2, 2025 | Jul 2 | Jul 16 | $1.00 | special dividend |
| Dec 4, 2024 | Dec 4 | Dec 18 | $1.00 | special dividend |
| May 20, 2024 | May 21 | May 31 | $2.25 |
Ownership
Shares outstanding 87.01M · Float 54.87M · 63.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Path Spirit LTD | 31.94M | 37.99% | 13D | Feb 20, 2025 |
| Resolute Investments, Ltd. | 31.94M | 36.71% | 13D | May 28, 2026 |
| Dimensional Fund Advisors LP | 5.47M | 6.29% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 5.33M | 6.12% | 13F | Aug 7, 2026 |
| Renaissance Technologies LLC | 3.69M | 4.24% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Simon Heidi Locke | director | −1,000 | $13.64 |
| Aug 20, 2026 | Simon Heidi Locke | director | −485 | $13.24 |
| Aug 19, 2026 | Simon Heidi Locke | director | −96 | $13.19 |
| Aug 19, 2026 | Brody Speers | director, officer: Chief Financial Officer | −2,350 | $13.10 |
| Aug 3, 2026 | Rudolph Krediet | director | −41,457 | $11.45 |
Peers
- Frontline
Head-to-head in Suezmax and Aframax/LR2 spot tanker markets at greater scale.
- International Seaways
Diversified US-listed crude and product peer overlapping in Suezmax and LR2.
- Tsakos Energy Navigation
Diversified Greek tanker with heavy TC coverage and large Aframax/LR2 book.
- Nordic American Tankers
Pure-play Suezmax operator; narrow but deep overlap on Teekay's largest segment.
- Scorpio Tankers
World's largest product tanker operator; partial overlap on LR2 clean trades.
- DHT
Pure-play VLCC operator; adjacent competition on long-haul crude cargoes.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Teekay | $13.05 | +0.08% | $1.14B | 4.7 | — | 0.8 | +63.6% |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| Tsakos Energy Navigation | $42.52 | −0.12% | $1.28B | 6.9 | 6.1 | 1.5 | — |
| Nordic American Tankers | $6.79 | +0.17% | $1.43B | 11.6 | 17.5 | 3.9 | +56.9% |
| Scorpio Tankers | $77.91 | −0.18% | $3.91B | 4.9 | 11.5 | 3.2 | +70.2% |
| DHT | $19.77 | +0.56% | $3.17B | 6.7 | 6.9 | 4.4 | +98.7% |
| Median | 6.7 | 9.9 | 3.7 | +70.2% |