Seapeak (SEAL-PB) Operating Expenses (2009 - 2026)
Seapeak (SEAL-PB) reported Operating Expenses of -$7.1 million for Q1 2026, up 0.56% on a YoY basis from -$7.1 million in Q1 2025, and down 106.76% quarter-over-quarter from $105.1 million in Q4 2025.
Seapeak (SEAL-PB) Operating Expenses (2009 - 2026) Analysis & Trends
Seapeak has reported Operating Expenses for 18 years, with the latest figure at -$7.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 0.56% year-over-year to -$7.1 million; the trailing twelve-month figure through Mar 2026 stood at $56.4 million (up 37.85% YoY), and the FY2025 full-year result was $222.6 million, down 3.58% from the prior year.
- Operating Expenses for Q1 2026 stood at -$7.1 million, down from $105.1 million in the prior quarter.
- The five-year high for Operating Expenses was $105.1 million in Q4 2025, with the low at -$26.5 million in Q2 2025.
- Historically, Operating Expenses has averaged $9.6 million across 5 years, with a median of -$9.0 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 69.62% — and 2025, when it plunged 194.55%.
- Seapeak's Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 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 | -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 | -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 |