Press Releases July 29, 2026 04:05 PM

Teekay Corporation Ltd. Second Quarter 2026 Update

Teekay Corporation Ltd. Provides Second Quarter 2026 Operational Update

By Hana Yamamoto
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Teekay Corporation Ltd. reported an update for Q2 2026, highlighting its position as a leading provider of international crude oil marine transportation and marine services with its controlling stake in Teekay Tankers. The company manages a sizable fleet of mid-sized crude tankers and offers services including ship-to-ship transfers and contracts with the Australian government and energy companies.

Teekay Corporation Ltd. Second Quarter 2026 Update
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Key Points

  • Teekay owns and operates a fleet of 34 double-hull mid-sized crude oil tankers and manages additional chartered tankers.
  • The company provides marine services including ship-to-ship transfer operations in the U.S. Gulf and Caribbean regions.
  • Teekay maintains strategic contracts with the Australian government and energy companies, expanding its operational footprint.

HAMILTON, Bermuda, July 29, 2026 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported an update for the three months ended June 30, 2026. The update 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 marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers, a leading owner and operator of mid-sized crude tankers. Teekay Tankers has a fleet of 34 double-hull tankers (including 14 Suezmax tankers, 18 Aframax / LR2 tankers, and two Suezmax tanker newbuildings) and has three time chartered-in tankers. In addition, Teekay Tankers manages and operates vessels for the Australian government and Australian energy companies as part of the marine services provided by Teekay Tankers 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’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: investor.relations@teekay.com
Website: www.teekay.com


Risks

  • Fluctuations in global crude oil demand and freight rates could impact revenue and profitability, affecting the energy and shipping sectors.
  • Operational risks related to vessel management and adherence to maritime safety and environmental regulations.
  • Exposure to geopolitical tensions and regulatory changes impacting international marine transportation and trade routes.

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