$TK

TEEKAY CORP LTD

1
0
0
$475K
Krediet Rudolph
0%
Med

Teekay (TK) Q2 2026 Earnings Call Transcript

Teekay Corporation (TK) reported Q2 2026 GAAP net income of $226 million ($6.49/share) including a $32.3 million gain from selling a Suezmax vessel. Adjusted net income was $194 million ($5.56/share), up 50% vs. the prior quarter. The company generated $200 million in free cash flow, ended with $1.2 billion cash and zero debt, and committed $190 million for two Suezmax newbuildings.

War-driven spike in tanker rates drives Teekay’s soaring profits

Teekay Corporation reported Q2 net income attributable to shareholders of $69.5M, or 79 cents/share, vs $18.7M, or 22 cents/share, a year earlier. Revenue rose to $379.1M from $232.2M and operating income to $220.8M from $52.7M, driven by Teekay Tankers’ record spot tanker rates amid Middle East disruptions. Suezmax averaged $109,200/day and Aframax/LR2 $74,100/day. Teekay Tankers booked newbuilds for $190M and sold vessels, adding gains.

TK sentiment & insider activity

Over the past 7 days, alphai's AI scored 1 news story mentioning TK (TEEKAY CORP LTD). Coverage has skewed bullish: 1 bullish, 0 neutral, and 0 bearish.

Recent TK coverage spans insider activity, earnings and financial news.

In the last 30 days, TK insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($475K). The most active reporter was Krediet Rudolph with 1 filing.

What's driving TK

  • Earnings call details point to strong near-term cash generation from high spot rates, offset by geopolitical disruption and heavy off-hire/docking in Q3.

    fool.com · Aug 8, 2026

  • This is a routine insider sale under a Form 4, with no 10b5-1 plan cited, so it may modestly affect sentiment but is not a fundamental catalyst.

    SEC EDGAR · Aug 3, 2026

  • Earnings upside is directly tied to elevated spot tanker economics, with continued strength indicated into Q3 and fleet renewal/capital recycling supporting earnings quality.

    royalgazette.com · Jul 30, 2026

  • Routine director open-market sale under (stated) no 10b5-1 plan; likely limited incremental signal for near-term trading.

    SEC EDGAR · Jun 22, 2026

  • The disclosure is a routine insider open-market sale with no stated 10b5-1 plan, but it is not a fundamental company catalyst.

    SEC EDGAR · Jun 17, 2026

alphai scores every news story that mentions TK with an AI model for sentiment and relevance, and aggregates insider trades from TEEKAY CORP LTD's SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $TK

Score
$TKMedAI 8/10

Teekay (TK) Q2 2026 Earnings Call Transcript

Teekay Corporation (TK) reported Q2 2026 GAAP net income of $226 million ($6.49/share) including a $32.3 million gain from selling a Suezmax vessel. Adjusted net income was $194 million ($5.56/share), up 50% vs. the prior quarter. The company generated $200 million in free cash flow, ended with $1.2 billion cash and zero debt, and committed $190 million for two Suezmax newbuildings.

War-driven spike in tanker rates drives Teekay’s soaring profits

Teekay Corporation reported Q2 net income attributable to shareholders of $69.5M, or 79 cents/share, vs $18.7M, or 22 cents/share, a year earlier. Revenue rose to $379.1M from $232.2M and operating income to $220.8M from $52.7M, driven by Teekay Tankers’ record spot tanker rates amid Middle East disruptions. Suezmax averaged $109,200/day and Aframax/LR2 $74,100/day. Teekay Tankers booked newbuilds for $190M and sold vessels, adding gains.

$TKMedAI 8/10

Teekay (NYSE:TK) Shares Gap Down – Here’s Why

Teekay Corp.’s (NYSE:TK) shares opened lower Tuesday after closing at $13.34 and gapping down to $12.38; the stock last traded at $12.50. Wall Street Zen downgraded TK from buy to hold, according to MarketBeat. Teekay reported $0.55 EPS on May 13 and announced a $1.00 special dividend payable June 2.

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