Teekay (TK) Operating Expenses (2009 - 2024)
Teekay (TK) posted Operating Expenses of -$18.2 million for Q4 2024, up 52.12% on a QoQ basis from -$38.0 million in Q3 2024, and up 36.3% year-over-year from -$13.4 million in Q1 2024.
Teekay (TK) Operating Expenses (2009 - 2024) Analysis & Trends
Teekay (TK) has reported Operating Expenses for 16 consecutive years, with -$18.2 million the latest figure, recorded in Q4 2024.
- Operating Expenses for Q4 2024 came in at -$18.2 million, up 36.3% year-over-year; the trailing twelve-month figure through Dec 2025 was -$56.2 million (up 56.81% YoY), and the FY2025 annual result was $238.9 million, down 5.44% from the prior year.
- Operating Expenses was -$18.2 million for Q4 2024 at Teekay, up from -$38.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $2.9 million in Q3 2020 and troughed at -$47.7 million in Q1 2020.
- A 5-year average of -$26.4 million and a median of -$25.9 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2020 — Operating Expenses soared 97.39% — and 2021, when it tumbled 1478.9%.
- Year by year, Operating Expenses stood at -$37.5 million in 2020, then jumped by 36.81% to -$23.7 million in 2021, then dropped by 7.68% to -$25.5 million in 2022, then fell by 12.05% to -$28.6 million in 2023, then surged by 36.3% to -$18.2 million in 2024.
- Per Business Quant, the three latest TK Operating Expenses figures stand at -$18.2 million (Q4 2024), -$38.0 million (Q3 2024), and -$37.7 million (Q2 2024).
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 | Teekay | 860.41 Mn | 1.33 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 | -21.33 Mn |
| Mar 31, 2021 | -24.58 Mn |
| Dec 31, 2020 | -27.66 Mn |
| Sep 30, 2020 | -39.01 Mn |
| Jun 30, 2020 | -46.00 Mn |
| Mar 31, 2020 | -47.72 Mn |