Teekay (TK) Operating Expenses (2009 - 2024)
Teekay's (TK) quarterly Operating Expenses came in at -$18.2 million in Q4 2024, up 36.25% YoY from -$13.4 million in Q1 2024, and up 52.12% on a QoQ basis from -$38.0 million in Q3 2024.
Teekay (TK) Operating Expenses (2009 - 2024) Analysis & Trends
Teekay (TK) has 16 years of Operating Expenses data on file, last reported at -$18.2 million in Q4 2024.
- Quarterly Operating Expenses rose 36.25% year-over-year to -$18.2 million in Q4 2024, while the trailing twelve-month figure through Dec 2025 was -$56.2 million (up 56.81% YoY) and the FY2025 annual result came in at $238.9 million, down 5.44% from the prior year.
- Operating Expenses grew to -$18.2 million in Q4 2024, from -$38.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $153.8 million in Q3 2020 to a low of -$85.8 million in Q4 2021.
- A 5-year average of -$16650.0 and a median of -$27.4 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2020 — Operating Expenses sank 263.1% — and 2022, when it jumped 70.25%.
- Tracing TK's Operating Expenses over 5 years: stood at -$43.3 million in 2020, then sank by 98.06% to -$85.8 million in 2021, then jumped by 70.25% to -$25.5 million in 2022, then slipped by 11.96% to -$28.6 million in 2023, then surged by 36.25% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Teekay | 1.13 Bn | -291.05 Mn | - | - |
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 | -28.57 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 | -85.76 Mn |
| Sep 30, 2021 | 122.36 Mn |
| Jun 30, 2021 | 130.57 Mn |
| Mar 31, 2021 | -24.58 Mn |
| Dec 31, 2020 | -43.30 Mn |
| Sep 30, 2020 | 153.76 Mn |
| Jun 30, 2020 | 147.80 Mn |
| Mar 31, 2020 | -47.72 Mn |