Seapeak (SEAL-PA) Operating Expenses (2009 - 2026)
Seapeak (SEAL-PA) posted Operating Expenses of -$7.1 million for Q1 2026, down 106.76% on a QoQ basis from $105.1 million in Q4 2025, and up 0.56% year-over-year from -$7.1 million in Q1 2025.
Seapeak (SEAL-PA) Operating Expenses (2009 - 2026) Analysis & Trends
Seapeak (SEAL-PA) has reported Operating Expenses for 18 consecutive years, with -$7.1 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$7.1 million, up 0.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $56.4 million (up 37.85% YoY), and the FY2025 annual result was $222.6 million, down 3.58% from the prior year.
- Operating Expenses was -$7.1 million for Q1 2026 at Seapeak, down from $105.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $105.1 million in Q4 2025 and troughed at -$26.5 million in Q2 2025.
- A 5-year average of $9.6 million and a median of -$9.0 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 69.62% — and 2025, when it tumbled 194.55%.
- Year by year, Operating Expenses stood at $68.9 million in 2022, then grew by 0.64% to $69.3 million in 2023, then slipped by 4.49% to $66.2 million in 2024, then surged by 58.71% to $105.1 million in 2025, then sank by 106.76% to -$7.1 million in 2026.
- Per Business Quant, the three latest SEAL-PA Operating Expenses figures stand at -$7.1 million (Q1 2026), $105.1 million (Q4 2025), and -$15.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Seapeak | - | - | 144.77 Mn | -7.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.10 Mn |
| Dec 31, 2025 | 105.06 Mn |
| Sep 30, 2025 | -15.01 Mn |
| Jun 30, 2025 | -26.52 Mn |
| Mar 31, 2025 | -4.97 Mn |
| Dec 31, 2024 | 66.19 Mn |
| Sep 30, 2024 | -9.12 Mn |
| Jun 30, 2024 | -9.01 Mn |
| Mar 31, 2024 | -10.75 Mn |
| Dec 31, 2023 | 69.31 Mn |
| Sep 30, 2023 | -8.93 Mn |
| Jun 30, 2023 | -9.87 Mn |
| Mar 31, 2023 | -10.82 Mn |
| Dec 31, 2022 | 68.86 Mn |
| Sep 30, 2022 | -5.56 Mn |
| Jun 30, 2022 | -10.13 Mn |
| Mar 31, 2022 | -15.66 Mn |
| Dec 31, 2021 | 108.62 Mn |
| Sep 30, 2021 | -18.28 Mn |
| Jun 30, 2021 | -12.79 Mn |