Teekay Corporation and Teekay Tankers will announce Q1 2025 financial results on May 7, 2025, followed by a conference call.
Quiver AI Summary
Teekay Corporation Ltd. and Teekay Tankers Ltd. will release their financial results for the first quarter of 2025 after market close on May 7, 2025. A conference call to discuss these results is scheduled for May 8, 2025, at 11:00 a.m. (ET), with options for shareholders and interested parties to listen via phone or through a webcast on Teekay's website. Teekay is a major provider of international crude oil marine transportation and services, operating a fleet of tankers and other marine assets, serving leading energy companies globally. Teekay Tankers has a diverse fleet and engages in spot and time-chartered operations, including managing vessels for the Australian Government.
Potential Positives
- Teekay Corporation and Teekay Tankers are set to release their financial results for the first quarter 2025, which indicates they are maintaining transparency with their shareholders and stakeholders.
- The planned conference call for discussing the results allows for direct engagement with shareholders and interested parties, fostering communication and providing clarity about the company's performance.
- Teekay Tankers operates a significant fleet of 36 double-hull tankers and manages a diverse array of marine services, highlighting its operational capability and efficiency in the maritime transport sector.
- The mention of Teekay Tankers' involvement in managing vessels for the Australian Government underscores the company's established relationships within governmental and major energy sectors, potentially enhancing its reputation and business opportunities.
Potential Negatives
- Teekay's financial results for Q1 2025 are pending, raising potential concerns about company performance leading up to the announcement.
- The scheduled conference call on May 8, 2025, may suggest that investors and analysts are anticipating key information to address uncertainties regarding the company's financial health.
- Teekay's reliance on spot market trading and varying charter contracts might indicate exposure to market volatility, which could affect future financial stability.
FAQ
When will Teekay release its Q1 2025 financial results?
Teekay will release its Q1 2025 financial results after market close on May 7, 2025.
How can I join the Teekay conference call?
You can join the conference call by dialing 1(800) 289-0438 or accessing the webcast on Teekay's website.
What is the date of the Teekay conference call?
The Teekay conference call is scheduled for May 8, 2025, at 11:00 a.m. (ET).
Where can I find the earnings presentation?
The earnings presentation will be available on Teekay's website prior to the conference call start time.
What services does Teekay Tankers provide?
Teekay Tankers provides marine transportation and services, operating a fleet of conventional and specialized tankers.
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 2 institutional investors add shares of $TK stock to their portfolio, and 128 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, April 29, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. ( Teekay ) (NYSE:TK) and Teekay Tankers Ltd. ( Teekay Tankers ) (NYSE:TNK) (collectively, the Teekay Group ) plan to release their financial results for the first quarter 2025 after market close on Wednesday, May 7, 2025.
The Teekay Group plans to host a conference call on Thursday, May 8, 2025 at 11:00 a.m. (ET) to discuss its results for the first quarter 2025. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:
- By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conference ID code 2797116.
- By accessing the webcast, which will be available on the Teekay Group’s website at www.teekay.com (the archive will remain on the website for a period of one year).
The accompanying Teekay Group first quarter 2025 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 marine transportation and 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 57 conventional tankers and other marine assets, including vessels operated for the Australian Government. With offices in eight countries and approximately 2,300 seagoing and shore-based employees, Teekay Tankers provides a comprehensive set of marine services to the world’s leading energy companies.
Teekay’s common shares trade on the New York Stock Exchange under the symbol “TK”.
About Teekay Tankers
Teekay Tankers has a fleet of 36 double-hull tankers (including 21 Suezmax tankers and 15 Aframax / LR2 tankers), and also has four time chartered-in oil tankers. Teekay Tankers’ vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. Teekay Tankers also owns a Very Large Crude Carrier ( VLCC ) through a 50 percent-owned joint venture. In addition, Teekay Tankers manages and operates vessels for the Australian Government and Australian energy companies as part of the marine services provided by the Company and 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 Ltd..
Teekay Tankers’ Class A common shares trade on the New York Stock Exchange under the symbol “TNK.”
For Investor Relations enquiries contact:
E-mail:
[email protected]
Website:
www.teekay.com
