Teekay Corporation reports its Q4 2024 financial results; details available on the company’s website.
Quiver AI Summary
Teekay Corporation Ltd. announced its financial results for the three and twelve months ending December 31, 2024. The company, a major provider of international crude oil marine transportation and services, operates through its subsidiary Teekay Tankers Ltd., which manages around 60 conventional tankers and additional marine assets, including for the Australian Government. With a workforce of approximately 2,200 across eight countries, Teekay Tankers delivers extensive marine services to leading energy companies. Further details on the earnings release and presentation are available on Teekay's website.
Potential Positives
- Teekay Corporation Ltd. reported its earnings for the three and twelve months ended December 31, 2024, indicating transparency and providing stakeholders with crucial financial performance data.
- Teekay maintains a significant position in the international crude oil marine transportation sector, underlining its relevance in a critical industry.
- Teekay Tankers operates approximately 60 conventional tankers, showcasing the company's robust operational capacity and experience in managing marine assets.
- The company has a global presence with offices in 8 countries and a workforce of around 2,200, highlighting its extensive reach and capability to serve leading energy companies worldwide.
Potential Negatives
- Results were reported without specific details about performance metrics, leaving investors with limited insight into the company's financial health.
- No forward-looking statements or guidance were provided, which may indicate uncertainty about future performance and strategic direction.
- Dependence on Teekay Tankers may pose a risk, as its performance directly impacts Teekay's overall results, potentially leading to increased volatility.
FAQ
What are the latest earnings results for Teekay Corporation?
Teekay Corporation reported its earnings for the three and twelve months ending December 31, 2024, available on their website.
Where can I find Teekay's earnings presentation?
The full earnings presentation and release are accessible on Teekay Corporation's official website.
What services does Teekay Corporation provide?
Teekay is a leading provider of international crude oil marine transportation and other marine services through Teekay Tankers Ltd.
How many employees does Teekay Tankers have?
Teekay Tankers employs approximately 2,200 seagoing and shore-based personnel across its operations in 8 countries.
Under what symbol is Teekay's stock traded?
Teekay's common stock trades on the New York Stock Exchange under the symbol "TK".
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TK Hedge Fund Activity
We have seen 4 institutional investors add shares of $TK stock to their portfolio, and 187 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIMENSIONAL FUND ADVISORS LP removed 5,768,857 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $39,978,179
- RENAISSANCE TECHNOLOGIES LLC removed 4,188,175 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $29,024,052
- BLACKROCK, INC. removed 3,408,855 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $23,623,365
- MORGAN STANLEY removed 2,044,441 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $14,167,976
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 1,843,137 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $12,772,939
- AMERICAN CENTURY COMPANIES INC removed 1,840,675 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $12,755,877
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,609,538 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $11,154,098
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. ( Teekay or the Company ) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2024. The full earnings release and Teekay Group’s earnings presentation are available on the Company’s website here .
About Teekay
Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK), a leading owner and operator of mid-sized crude tankers. Teekay Tankers manages and operates approximately 60 conventional tankers and other marine assets, including vessels operated for the Australian Government. With offices in 8 countries and approximately 2,200 seagoing and shore-based employees, Teekay Tankers 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:
[email protected]
Website:
www.teekay.com
