Teekay Group Set for 2024 Earnings Announcement and Insights

Teekay Group to Reveal Fourth Quarter and Annual 2024 Financial Results

Teekay Corporation Ltd. (Teekay) and Teekay Tankers Ltd. (Teekay Tankers), collectively known as the Teekay Group, are gearing up to announce their financial performance for the fourth quarter and full year of 2024. This important event is scheduled for after market close on a Wednesday in February.

Join the Upcoming Conference Call

Following the release of their financial results, Teekay Group will host a conference call to discuss their performance in detail. This session is set for a Thursday morning at 11:00 a.m. Eastern Time. The Teekay Group invites all shareholders and interested parties to participate in the discussion, ensuring that everyone has the opportunity to gain insights directly from management.

How to Join the Call

Participants can join the call by dialing 1(800) 289-0438 for those within North America, or 1(647) 484-0478 for international callers. Make sure to have the conference ID code handy for quick access during the call.

Listening Options for All Interested Parties

Additionally, a webcast of the conference will be available on the Teekay Group's website, where attendees can listen live or catch the recorded session later. This archive will be accessible for one year, allowing those who cannot join in real-time to engage with the content at their convenience.

About Teekay and Its Operations

Teekay stands as a prominent player in international marine transportation, primarily focusing on crude oil services. With a significant controlling interest in Teekay Tankers, the company operates about 60 marine assets, including conventional tankers that serve a variety of sectors. Their workforce spans eight countries, composed of approximately 2,200 dedicated employees who are committed to delivering top-notch services to global energy companies.

Understanding Teekay Tankers' Fleet

Teekay Tankers manages a diversified fleet comprising 39 double-hull vessels, including both Suezmax and Aframax tankers, which are crucial in transporting oil and other products safely. The operational strategy of Teekay Tankers leverages a blend of spot market trading and fixed-rate contracts, ensuring flexibility and responsiveness to market dynamics.

Engagement with Australian Entities

Moreover, Teekay Tankers also engages in operations for governmental and commercial clients within Australia, enhancing its portfolio and contributing to local economic activities through its extensive services.

Financial Transparency and Shareholders' Access

As a publicly traded entity, Teekay’s common shares are listed on the New York Stock Exchange under “TK,” while Teekay Tankers trades under the ticker “TNK.” The upcoming earnings release and conference call represent an opportunity for investors and stakeholders to stay informed and involved with the company’s progress.

Investor Relations Information

For inquiries regarding Teekay’s financial performance, interested parties can reach out via email for investor relations support. Communication options are readily available to ensure stakeholders remain well-informed and connected.

Frequently Asked Questions

When will Teekay announce their 2024 earnings?

The earnings announcement is planned for after market close on a Wednesday in February 2025.

How can I participate in the conference call?

Participants can join the call by dialing designated numbers and using an ID code or by accessing the webcast on Teekay's website.

What are the main operational focuses of Teekay?

Teekay primarily focuses on crude oil marine transportation and associated maritime services, utilizing a diverse fleet of tankers.

What can I expect from the earnings presentation?

The earnings presentation will provide insights into the financial performance of Teekay Group for the year.

How does Teekay engage with clients in Australia?

Teekay provides marine services to the Australian Government and local energy companies, enhancing their operational engagement in the region.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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