Seapeak LLC Files 6-K for Q3 2025

TL;DR

Seapeak LLC (fka Teekay LNG) filed its Q3 2025 6-K, reporting from Bermuda.

AI Summary

Seapeak LLC, formerly Teekay LNG Partners L.P., filed a Form 6-K for the quarterly period ended September 30, 2025. The filing, submitted on November 13, 2025, provides information as a foreign private issuer. Seapeak LLC is incorporated in Bermuda and its principal executive offices are located in Vancouver, BC, Canada.

Why It Matters

This filing provides an update on Seapeak LLC's financial reporting as a foreign private issuer, which is important for investors tracking the company's performance and regulatory compliance.

Risk Assessment

Risk Level: low — This is a routine periodic filing (6-K) and does not contain new material financial information or significant corporate events.

Key Players & Entities

• Seapeak LLC (company) — Registrant
• Teekay LNG Partners L.P. (company) — Former company name
• September 30, 2025 (date) — Quarterly period end date
• November 13, 2025 (date) — Filing date
• 1-32479 (other) — Commission file number

FAQ

Key Financial Figures

• $6,488 — unts receivable, including non-trade of $6,488 (2024 – $6,183) (note 11) 30,043 29,05
• $6,183 — , including non-trade of $6,488 (2024 – $6,183) (note 11) 30,043 29,058 Prepaid expe
• $68,255 — cost, less accumulated depreciation of $68,255 (2024 – $94,752) 348,545 731,318 Vess
• $94,752 — mulated depreciation of $68,255 (2024 – $94,752) 348,545 731,318 Vessels related to f
• $426,944 — cost, less accumulated depreciation of $426,944 (2024 – $367,146) (note 5) 2,170,715 1
• $367,146 — ulated depreciation of $426,944 (2024 – $367,146) (note 5) 2,170,715 1,979,630 Advance
• $47,349 — ncome, net of distributions received of $47,349 (2024 – $40,903) (note 7) (17,213) (52
• $40,903 — stributions received of $47,349 (2024 – $40,903) (note 7) (17,213) (52,893) Amortizat
• $1.0005 — Distributions declared Common units ($1.0005 per unit) — (100,000) — — — — (100,000
• $0.5625 — — (100,000) Preferred units Series A ($0.5625 per unit) — — — (2,775) — — (2,775) P
• $0.5313 — — — (2,775) Preferred units Series B ($0.5313 per unit) — — — (3,504) — — (3,504)
• $2.0010 — Distributions declared Common units ($2.0010 per unit) — (200,000) — — — — (200,000
• $0.5003 — Distributions declared Common units ($0.5003 per unit) — (50,000) — — — — (50,000)
• $4.7 million — and net income would have increased by $4.7 million and $15.6 million for the three and nin
• $15.6 million — ould have increased by $4.7 million and $15.6 million for the three and nine months ended Sep

Filing Documents

• seapeak6-kq3x25doc.htm (6-K) — 1120KB
• 0001308106-25-000005.txt ( ) — 1121KB

FINANCIAL INFORMATION PAGE

PART I FINANCIAL INFORMATION PAGE

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Unaudited Consolidated Statements of (Loss) Income for the three and nine months ended September 30, 2025 and 2024 3 Unaudited Consolidated Statements of Comprehensive (Loss) Income for the three and nine months ended September 30, 2025 and 2024 4 Unaudited Consolidated Balance Sheets as at September 30, 2025 and December 31, 2024 5 Unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 6 Unaudited Consolidated Statements of Changes in Total Equity for the three and nine months ended September 30, 2025 and 2024 7 Notes to the Unaudited Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24

– FINANCIAL STATEMENTS

ITEM 1 – FINANCIAL STATEMENTS SEAPEAK LLC AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (in thousands of U.S. Dollars) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 $ $ $ $ Voyage revenues (notes 6 and 10a) 159,475 176,333 478,543 530,952 Voyage expenses (3,194) (2,842) (10,262) (8,329) Vessel operating expenses (54,860) (57,618) (164,859) (170,612) Time-charter hire expenses — (2,108) — (6,409) Depreciation and amortization (33,612) (35,378) (101,539) (105,581) General and administrative expenses (13,549) (7,007) (27,953) (22,459) (Write-down) and gain on sales of vessels (note 14) (61,792) 3,368 (61,792) 4,339 Restructuring charges (note 16) (1,460) — (20,724) — (Loss) income from vessel operations (8,992) 74,748 91,414 221,901 Equity income (notes 3b, 7 and 10a) 8,907 31,362 64,562 95,864 Interest expense (41,353) (44,620) (126,125) (133,824) Interest income (note 7) 3,059 3,724 9,311 10,590 Realized and unrealized (loss) gain on non-designated derivative instruments (note 11) (1,261) (28,065) (26,476) 3,465 Foreign currency exchange loss (notes 8 and 11) (924) (4,789) (3,737) (3,485) Other (expense) income (notes 3b and 5) (7,480) 5,599 (21,469) (3,943) Net (loss) income before income tax recovery (expense) (48,044) 37,959 (12,520) 190,568 Income tax recovery (expense) (note 9) 981 (681) (696) (2) Net (loss) income (47,063) 37,278 (13,216) 190,566 Non-controlling interest in net (loss) income (17,666) 2,494 (16,526) 4,880 Preferred unitholders' interest in net (loss) income 6,279 6,425 18,837 19,275 Common unitholder's interest in net (loss) income (35,676) 28,359 (15,527) 166,411 Related party transactions (note 10) Subsequent events (note 17) The accompanying notes are an integral part of the unaudited consolidated financial statements. 3 SEAPEAK LLC AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (in thousands of U.S.

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