Teekay Corporation Ltd. reported Q4 2025 U.S. GAAP net income of $35.0 million ($0.40 per share) and full year 2025 net income of $98.1 million ($1.14 per share). Teekay Tankers acquired three 2016-built Aframax tankers for $141.5 million with short-term bareboat charters and sold/agreed to sell three vessels for $157.5 million gross proceeds, while declaring a $0.25 per share quarterly dividend.
Key takeaways
Q4 2025 GAAP net income $35.0 million or $0.40 per share
FY 2025 GAAP net income $98.1 million or $1.14 per share
Teekay Tankers acquired three 2016-built Aframax tankers for $141.5 million, bareboat chartered back with redelivery Q2/Q3 2026
Teekay Tankers sold one 2007 Suezmax, agreed to sell one 2009 Suezmax and one 2013 VLCC for $157.5 million proceeds
Teekay Tankers declared $0.25 per share dividend for Q4 2025 payable March 2026
Teekay Parent cash and equivalents $120.2 million as of Dec 31, 2025