Teekay Corp Files 6-K Report

TL;DR

Teekay Corp dropped its 6-K filing on Aug 1, 2024, with Q2 financials.

AI Summary

Teekay Corporation filed a Form 6-K on August 1, 2024, reporting its financial information as of June 30, 2024. The filing is a report of a foreign private issuer and includes information relevant to its operations and financial status.

Why It Matters

This filing provides an update on Teekay Corporation's financial position and operational status for investors and regulatory bodies.

Risk Assessment

Risk Level: low — Form 6-K filings are routine disclosures for foreign private issuers and do not typically contain material non-public information that would significantly alter risk.

Key Players & Entities

• TEEKAY CORP (company) — Registrant
• August 1, 2024 (date) — Filing Date
• June 30, 2024 (date) — Reporting Period End Date
• 0001628280-24-033991 (accession_number) — SEC Filing Accession Number
• Hamilton, HM 08 Bermuda (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $33.8 m — tributable to shareholders of Teekay of $33.8 million, or $0.36 per share, and adjusted
• $0.36 — eholders of Teekay of $33.8 million, or $0.36 per share, and adjusted net income attr
• $33.2 m — utable to shareholders of Teekay (2) of $33.2 million, or $0.36 per share, in the secon
• $40,800 — rter 2024 to-date average spot rates of $40,800 per day for its Suezmax fleet and $45,3
• $45,300 — 0,800 per day for its Suezmax fleet and $45,300 per day for its Aframax fleet, respecti
• $64.8 million — vessels for combined gross proceeds of $64.8 million. In addition, in July 2024, Teekay Tank
• $70.5 million — tion of a 2021-built Aframax tanker for $70.5 million. In line with Teekay Tankers' fixed di
• $0.25 — s declared a quarterly cash dividend of $0.25 per common share for the quarter ended
• $22.0 million — 024, primarily due to cash dividends of $22.0 million received from Teekay Tankers, changes i
• $68.81 — ekay Tankers Class A common shares were $68.81 per share, $58.41 per share, and $49.97
• $58.41 — A common shares were $68.81 per share, $58.41 per share, and $49.97 per share, respec
• $49.97 — $68.81 per share, $58.41 per share, and $49.97 per share, respectively. CEO Commenta
• $64.8 m — vessels for combined gross proceeds of $64.8 million, and by acquiring a 2021-built Af
• $9.4 million — e Very Large Crude Carrier ( VLCC ), is $9.4 million as of June 30, 2024. 2 Teekay Corpor
• $44,898 — Suezmax spot TCE per revenue day (b) $44,898 $47,349 $57,566 Aframax LR2 revenue da

Filing Documents

• tkq2-24erdocument.htm (6-K) — 327KB
• image2.jpg (GRAPHIC) — 9KB
• newsreleasea11.jpg (GRAPHIC) — 11KB
• 0001628280-24-033991.txt ( ) — 351KB

— Information Contained in this Form 6-K Report

Item 1 — Information Contained in this Form 6-K Report Attached as Exhibit 1 is a copy of an announcement of Teekay Corporation dated August 1, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TEEKAY CORPORATION Date August 1, 2024 By s Brody Speers Brody Speers Vice President, Finance Treasurer (Principal Financial and Accounting Officer) Teekay Corporation Investor Relations Tel +1 604 609 2963 www.teekay.com 4 th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda TEEKAY CORPORATION REPORTS SECOND QUARTER 2024 RESULTS Highlights GAAP net income attributable to shareholders of Teekay of $33.8 million, or $0.36 per share, and adjusted net income attributable to shareholders of Teekay (2) of $33.2 million, or $0.36 per share, in the second quarter of 2024 (excluding items listed in Appendix A to this release). Tanker market remains firm, with Teekay Tankers securing third quarter 2024 to-date average spot rates of $40,800 per day for its Suezmax fleet and $45,300 per day for its Aframax fleet, respectively. In May 2024, Teekay Tankers agreed to sell two 2005-built vessels for combined gross proceeds of $64.8 million. In addition, in July 2024, Teekay Tankers completed the acquisition of a 2021-built Aframax tanker for $70.5 million. In line with Teekay Tankers' fixed dividend policy, Teekay Tankers declared a quarterly cash dividend of $0.25 per common share for the quarter ended June 30, 2024. Hamilton, Bermuda, August 1, 2024 - Teekay Corporation ( Teekay or the Company ) (NYSETK) today reported results for the three months ended June 30, 2024. These results include the Company's publicly-listed consolidated subsidiary, Teekay Tankers Ltd. ( Teekay Tankers ) (NYSETNK), and all remaining subsidiaries and equity-accounted investments. Teekay, together with its subsidiaries o

Forward-Looking Statements

Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements included in this release, other than statements of historical fact, are forward-looking statem

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View this 6-K filing on SEC EDGAR