Teekay Corporation Ltd. Second Quarter 2025 Financial Update

SEC Filing 6-K (0000911971-25-000017)

Teekay Corporation Ltd. reported a U.S. GAAP net income attributable to shareholders of $18.7 million, or $0.22 per share, for the second quarter of 2025. The company, through its subsidiary Teekay Tankers, acquired a 2017-built Suezmax vessel and agreed to acquire the remaining 50% ownership interest in the Hong Kong Spirit VLCC. Additionally, Teekay Tankers sold five vessels for total gross proceeds of $158.5 million. A regular quarterly cash dividend of $0.25 per common share was declared, payable on August 22, 2025. Teekay Parent's cash position increased to $200.6 million, supported by dividends from Teekay Tankers and other financial activities. The company also paid a one-time cash dividend of $1.00 per outstanding common share, totaling $85.3 million. A conference call to discuss these results is scheduled for July 31, 2025.