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
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 -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