Seapeak (SEAL-PB) Operating Expenses (2009 - 2026)

Seapeak (SEAL-PB) 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-PB) Operating Expenses (2009 - 2026) Analysis & Trends

Seapeak (SEAL-PB) 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-PB 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
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 -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