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's Operating Expenses history runs 18 years deep, the most recent figure standing at -$7.1 million for 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 was -$7.1 million for Q1 2026 at Seapeak, down from $105.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $105.1 million in Q4 2025 and bottomed at -$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 surged 69.62% — and 2025, when it tumbled 194.55%.
  • Seapeak's 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 tumbled by 106.76% to -$7.1 million in 2026.
  • Business Quant data shows SEAL-PA's Operating Expenses at -$7.1 million in Q1 2026, $105.1 million in Q4 2025, and -$15.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Seapeak 2.23 Bn 2.12 Bn 144.77 Mn -7.10 Mn

Historic Data

Download Data
DateValue
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 111.84 Mn
Sep 30, 2021 -18.28 Mn
Jun 30, 2021 -12.79 Mn