Teekay (TK)
Holding company controlling Teekay Tankers, a spot-rate crude- and product-tanker fleet.
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Pure holding company whose only operating asset is a controlling stake in Teekay Tankers Ltd. (NYSE: TNK), an operator of roughly 48 crude- and product-tankers running predominantly on spot rates. After exiting LNG and offshore segments through 2022, the group now earns through tanker-rate cycles alone.
Controlling shareholder of Teekay Tankers Ltd. (NYSE: TNK), a mid-sized crude- and product-tanker operator running roughly 48 vessels — mostly Suezmax and Aframax / LR2 — on spot or short-term rates. The economic interest is roughly a third and the voting interest is majority. No direct vessel operations remain at the holding-company level.
After exiting offshore production (sold to Brookfield in 2019) and LNG transportation (sold to Stonepeak in 2022), the group pared back to tankers alone, completing the simplification with the sale of its management-services subsidiaries to TNK at year-end 2024.
Revenue flows from spot tanker-rate exposure across a globally spread fleet. Charter-rate cycles, single-subsidiary concentration, and the Bermuda Corporate Income Tax Act that took effect in 2025 are the structural dependencies that define the business today.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.27B · Total debt $37.5M · Total assets $2.65B · Shareholders' equity $760.7M
- Revenue
- $664.9M
- Operating income
- $368.0M
- Net income
- $117.2M
HistoryDividendAnnual yield
| Institutions | 55.05% | 47.37M ADS | |
|---|---|---|---|
| 184 holders · as of Jun 30, 2026 | |||
| Insiders | 0.23% | 202.1K ADS | |
| 5 holders · as of Sep 18, 2026 | |||
| Other | 44.72% | 38.48M ADS | |
| remainder | |||
86.06M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Dimensional Fund Advisors LPInstitution | 6.36% | 5.47M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.19% | 5.33M ADS | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 4.29% | 3.69M ADS | as of Jun 30, 2026 |
Allspring Global Investments Holdings, LLCInstitution | 4.03% | 3.47M ADS | as of Jun 30, 2026 |
Arrowstreet Capital, Limited PartnershipInstitution | 2.51% | 2.16M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Simon Heidi Locke | director | −400 | $14.93 |
| Sep 11, 2026 | Kenneth Hvid | director, officer: President and CEO | −132,884 | $14.28 |
| Sep 10, 2026 | Simon Heidi Locke | director | −11,585 | $14.08 |
| Aug 21, 2026 | Simon Heidi Locke | director | −1,000 | $13.64 |
| Aug 20, 2026 | Simon Heidi Locke | director | −485 | $13.24 |
- Frontline
Head-to-head in Suezmax and Aframax/LR2 spot tanker markets at greater scale.
- International Seaways
Diversified US-listed crude and product peer overlapping in Suezmax and LR2.
- Tsakos Energy Navigation
Diversified Greek tanker with heavy TC coverage and large Aframax/LR2 book.
- Nordic American Tankers
Pure-play Suezmax operator; narrow but deep overlap on Teekay's largest segment.
- Scorpio Tankers
World's largest product tanker operator; partial overlap on LR2 clean trades.
- DHT
Pure-play VLCC operator; adjacent competition on long-haul crude cargoes.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Teekay | $13.87 | −3.41% | $1.25B | 5.2 | — | 0.8 | +63.6% |
| Frontline | $48.24 | −3.15% | $11.09B | 7.5 | 6.2 | 4.1 | +166.2% |
| International Seaways | $104.97 | −3.79% | $5.40B | 7.0 | 8.7 | 4.3 | +121.9% |
| Tsakos Energy Navigation | $49.28 | −3.23% | $1.53B | 5.2 | 6.0 | 1.6 | +27.4% |
| Nordic American Tankers | $7.69 | −3.94% | $1.69B | 13.7 | 9.8 | 4.6 | +18.8% |
| Scorpio Tankers | $83.86 | −2.73% | $4.32B | 5.4 | 11.4 | 3.6 | +70.2% |
| DHT | $21.64 | −3.61% | $3.62B | 7.6 | 6.4 | 5.0 | +174.7% |
| Median | 7.2 | 7.6 | 4.2 | +96.1% |