Seapeak (SEAL-PA) Operating Expenses (2009 - 2026)
Seapeak's (SEAL-PA) quarterly Operating Expenses came in at -$7.1 million in Q1 2026, up 0.56% YoY from -$7.1 million in Q1 2025, and down 106.76% on a QoQ basis from $105.1 million in Q4 2025.
Seapeak (SEAL-PA) Operating Expenses (2009 - 2026) Analysis & Trends
Seapeak (SEAL-PA) has 18 years of Operating Expenses data on file, last reported at -$7.1 million in Q1 2026.
- Quarterly Operating Expenses rose 0.56% year-over-year to -$7.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $56.4 million (up 37.85% YoY) and the FY2025 annual result came in at $222.6 million, down 3.58% from the prior year.
- Operating Expenses retreated to -$7.1 million in Q1 2026, from $105.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $105.1 million in Q4 2025 to a low of -$26.5 million in Q2 2025.
- A 5-year average of $9.8 million and a median of -$8.9 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 118.1% — and 2025, when it plunged 194.55%.
- Tracing SEAL-PA's Operating Expenses over 5 years: stood at $68.9 million in 2022, then advanced by 0.64% to $69.3 million in 2023, then retreated by 4.49% to $66.2 million in 2024, then soared by 58.71% to $105.1 million in 2025, then sank by 106.76% to -$7.1 million in 2026.
- The last three Operating Expenses figures came in at -$7.1 million (Q1 2026), $105.1 million (Q4 2025), and -$15.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 4.00 Mn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 1.93 Bn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Seapeak | 2.25 Bn | 2.09 Bn | 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 | -7.14 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 | -8.17 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 | 31.58 Mn |
| Sep 30, 2021 | 30.43 Mn |
| Jun 30, 2021 | 32.54 Mn |