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Teekay Corporation (DE:EI5)
:EI5
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.35Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -6.77%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with strong financial performance and strategic fleet management highlighted, while facing challenges such as softer spot rates and geopolitical uncertainties. Despite these challenges, the company remains optimistic about its strategic investments and dividend declarations.Company Guidance
During the Teekay Group's Fourth Quarter 2024 Earnings Conference Call, several key metrics and strategic moves were highlighted. Teekay Tankers reported an adjusted net income of $52 million, or $1.50 per share for Q4, and $355 million, or $10.31 per share for the entire year. The company generated $69 million in free cash flow in Q4 and $415 million annually. As part of its fleet management strategy, Teekay Tankers sold five vessels for $160 million, expecting book gains of nearly $60 million, and announced the acquisition of a Martin LR2 tanker, expected to close in Q2. Additionally, Teekay Tankers declared a quarterly fixed dividend of $0.25 per share, totaling $3 per share over the year. Despite softer spot rates, the company's free cash flow breakeven rate is approximately $14,300 per day, allowing it to remain profitable. The company also made a passive investment in Ardmore Shipping Corporation, acquiring a 5.1% stake. Looking ahead, Teekay anticipates potential market volatility due to geopolitical factors, including US sanctions on Russian, Iranian, and Venezuelan oil exports, as well as potential peace agreements in conflict regions, which could impact tanker demand and trade patterns.Strong Financial Performance
Teekay Tankers reported adjusted net income of $52 million for the fourth quarter and $355 million for the full year 2024. The company generated $69 million in free cash flow in the fourth quarter and $415 million for the year.
Fleet Management Success
Teekay Tankers sold five vessels for a total of $160 million, resulting in expected book gains of nearly $60 million. They've also signed an MOA to acquire a Martin LR2 tanker, expected to close in the second quarter.
Strategic Investments
Teekay made a passive investment in Ardmore Shipping Corporation, owning 5.1% of the company, suggesting confidence in the product sector.
Dividend Declaration
Teekay Tankers declared a quarterly fixed dividend of $0.25 per share, with a total of $3 per share paid for the full year.
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DE:EI5 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:EI5 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | €6.65 | €6.55 | -1.50% |
| Oct 30, 2024 | €2.45 | €6.74 | +174.69% |
| Aug 01, 2024 | €6.67 | €6.88 | +3.18% |
| May 09, 2024 | €6.10 | €6.57 | +7.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teekay Corporation (DE:EI5) report earnings?
Teekay Corporation (DE:EI5) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Teekay Corporation (DE:EI5) earnings time?
Teekay Corporation (DE:EI5) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Teekay Corporation stock?
The P/E ratio of Teekay is N/A.
What is DE:EI5 EPS forecast?
Currently, no data Available
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