Earnings ·
Teekay Corporation Ltd. reported second quarter 2026 U.S. GAAP net income of $69.5 million, or $0.79 per share, driven…
TKTeekay Corp Ltd
Teekay Corporation Ltd. reported second quarter 2026 U.S. GAAP net income of $69.5 million, or $0.79 per share, driven by record spot rates for its Teekay Tankers subsidiary. The company completed fleet renewal transactions, acquiring two Suezmax newbuilding contracts for $190.0 million and selling vessels for $138.0 million in proceeds. Teekay Parent paid a cash dividend of $1.00 per share totaling $87.4 million in June 2026. Additionally, Teekay Tankers declared a regular quarterly cash dividend of $0.25 per share payable in August 2026. The company operates in the international crude oil marine transportation and marine services industry.