Seapeak (SEAL-PA) Gross Margin (2009 - 2026)
Seapeak (SEAL-PA) posted Gross Margin of 98.24% for Q1 2026, down 0.62% on a QoQ basis from 98.85% in Q4 2025, and up 160.0% year-over-year from 37.78% in Q1 2025.
Seapeak (SEAL-PA) Gross Margin (2009 - 2026) Analysis & Trends
Seapeak (SEAL-PA) has reported Gross Margin for 18 consecutive years, with 98.24% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 98.24%, up 160.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.51% (up 48.0% YoY), and the FY2025 annual result was 98.1%, down 27.0% from the prior year.
- Gross Margin was 98.24% for Q1 2026 at Seapeak, down from 98.85% in the prior quarter.
- Over five years, Gross Margin peaked at 98.95% in Q2 2025 and troughed at 90.88% in Q3 2022.
- A 5-year average of 97.05% and a median of 97.69% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 420 bps — and 2023, when it jumped 617 bps.
- Year by year, Gross Margin stood at 95.89% in 2022, then gained by 2 bps to 97.34% in 2023, then rose by 1 bps to 98.18% in 2024, then gained by 1 bps to 98.85% in 2025, then dropped by 1 bps to 98.24% in 2026.
- Per Business Quant, the three latest SEAL-PA Gross Margin figures stand at 98.24% (Q1 2026), 98.85% (Q4 2025), and 98.0% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 41.12% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 63.77% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 23.85% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 41.52% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 83.61% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 26.67% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 23.28% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 94.13% |
| 10 | Seapeak | - | - | 144.77 Mn | 98.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.24% |
| Dec 31, 2025 | 98.85% |
| Sep 30, 2025 | 98.00% |
| Jun 30, 2025 | 98.95% |
| Mar 31, 2025 | 96.64% |
| Dec 31, 2024 | 98.18% |
| Sep 30, 2024 | 98.39% |
| Jun 30, 2024 | 98.80% |
| Mar 31, 2024 | 98.11% |
| Dec 31, 2023 | 97.34% |
| Sep 30, 2023 | 97.05% |
| Jun 30, 2023 | 97.69% |
| Mar 31, 2023 | 96.12% |
| Dec 31, 2022 | 95.89% |
| Sep 30, 2022 | 90.88% |
| Jun 30, 2022 | 95.21% |
| Mar 31, 2022 | 95.54% |
| Dec 31, 2021 | 95.04% |
| Sep 30, 2021 | 95.07% |
| Jun 30, 2021 | 95.72% |