Teekay (TK) Operating Expenses (2009 - 2024)
Teekay (TK) reported Operating Expenses of -$18.2 million for Q4 2024, up 36.3% on a YoY basis from -$13.4 million in Q1 2024, and up 52.12% quarter-over-quarter from -$38.0 million in Q3 2024.
Teekay (TK) Operating Expenses (2009 - 2024) Analysis & Trends
Teekay has reported Operating Expenses for 16 years, with the latest figure at -$18.2 million in Q4 2024.
- For the quarter ending Q4 2024, Operating Expenses rose 36.3% year-over-year to -$18.2 million; the trailing twelve-month figure through Dec 2025 stood at -$56.2 million (up 56.81% YoY), and the FY2025 full-year result was $238.9 million, down 5.44% from the prior year.
- Operating Expenses for Q4 2024 stood at -$18.2 million, up from -$38.0 million in the prior quarter.
- The five-year high for Operating Expenses was $2.9 million in Q3 2020, with the low at -$47.7 million in Q1 2020.
- Historically, Operating Expenses has averaged -$26.4 million across 5 years, with a median of -$25.9 million in 2022.
- Annual changes were most pronounced in 2020 — Operating Expenses surged 97.39% — and 2021, when it plunged 1478.9%.
- Teekay's Operating Expenses stood at -$37.5 million in 2020, then surged by 36.81% to -$23.7 million in 2021, then decreased by 7.68% to -$25.5 million in 2022, then dropped by 12.05% to -$28.6 million in 2023, then soared by 36.3% to -$18.2 million in 2024.
- The last three Operating Expenses figures came in at -$18.2 million (Q4 2024), -$38.0 million (Q3 2024), and -$37.7 million (Q2 2024), 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 | Teekay | 1.02 Bn | 1.48 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -18.21 Mn |
| Sep 30, 2024 | -38.04 Mn |
| Jun 30, 2024 | -37.66 Mn |
| Mar 31, 2024 | -36.31 Mn |
| Dec 31, 2023 | -28.59 Mn |
| Sep 30, 2023 | -33.20 Mn |
| Jun 30, 2023 | -35.18 Mn |
| Mar 31, 2023 | -29.78 Mn |
| Dec 31, 2022 | -25.52 Mn |
| Sep 30, 2022 | -22.10 Mn |
| Jun 30, 2022 | -22.66 Mn |
| Mar 31, 2022 | -26.23 Mn |
| Dec 31, 2021 | -23.70 Mn |
| Sep 30, 2021 | -22.04 Mn |
| Jun 30, 2021 | -21.03 Mn |
| Mar 31, 2021 | -24.58 Mn |
| Dec 31, 2020 | -37.50 Mn |
| Sep 30, 2020 | 2.86 Mn |
| Jun 30, 2020 | -1.33 Mn |
| Mar 31, 2020 | -47.72 Mn |