Teekay (TK) has released an update.
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Teekay Corporation reported a solid second quarter in 2024 with a GAAP net income of $33.8 million, or $0.36 per share, and an adjusted net income of $33.2 million. The company’s tanker fleet experienced strong market rates, with significant spot rate earnings for its Suezmax and Aframax fleets. Teekay Tankers also executed strategic vessel transactions, including the sale of two vessels and the acquisition of a newer Aframax tanker, alongside declaring a quarterly dividend of $0.25 per share.
For further insights into TK stock, check out TipRanks’ Stock Analysis page.
