Teekay Corporation Ltd. Overview
Pro stress-test →Teekay Corporation Ltd. provides crude oil marine transportation and other marine services worldwide, operating in two segments: Tankers and Marine Services. The company owns and operates crude oil and refined product tankers. In Q1 2026, Teekay reported revenue of $285.8 million, up from $231.2 million a year earlier, driven by strong spot tanker rates and favorable market conditions.
Strategic Profile
Pro stress-test →The company maintains a strong balance sheet with nearly $1 billion in cash and no debt, while executing a fleet renewal strategy by acquiring modern vessels and selling older ones to enhance operational efficiency. Capital allocation is disciplined: Teekay declared a $1.00 per-share special dividend (June 2026), and Teekay Tankers declared a combined $1.25 per-share dividend for the quarter.
Competitive Landscape
Pro stress-test →Teekay operates in the global crude oil tanker shipping industry, competing as an independent tanker owner-operator with assets spanning multiple vessel types (Suezmax, Aframax, LR2). Key competitors include other publicly-traded shipping companies in the tanker sector that operate similar fleets and provide comparable marine services to energy companies and traders.
Industry Context
Teekay Corporation Ltd. operates in Crude oil tanker shipping.
Key facts
Founded: 1973 · Headquarters: Hamilton, Bermuda · Employees: N/A · Revenue: $949.5M (2025 FY); $285.8M (Q1 2026) · Market cap: N/A