Teekay Reports Q2 GAAP EPS of $0.79 and Revenue Growth to $379.12M
Teekay reported second-quarter earnings per share (GAAP) of $0.79, with revenue reaching $379.12 million—a year-over-year increase of 63.3%. The company attributed the strong performance to record spot rates in key vessel segments, including Suezmax and Aframax/LR2 vessels averaging daily earnings of $109,200 and $74,100 respectively. The results reflect robust demand for tanker services amid ongoing supply chain dynamics. Teekay also noted continued strong performance into the third quarter of 2026 with similar spot rates being maintained.
Tickers: $TK
Topics: revenue_growth shipping spot_rates