Teekay (TK) Operating Expenses (2009 - 2024)
Teekay (TK) posted Operating Expenses of -$18.2 million for Q4 2024, up 52.03% on a QoQ basis from -$38.0 million in Q3 2024, and up 36.19% year-over-year from -$13.4 million in Q1 2024.
Teekay (TK) Operating Expenses (2009 - 2024) Analysis & Trends
Teekay's Operating Expenses history runs 16 years deep, the most recent figure standing at -$18.2 million for Q4 2024.
- Quarterly Operating Expenses rose 36.19% year-over-year to -$18.2 million in Q4 2024, while the trailing twelve-month figure through Dec 2025 was -$56.3 million (up 56.79% YoY) and the FY2025 annual result came in at $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.
- Across five years, Operating Expenses topped out at -$18.2 million in Q4 2024 and bottomed at -$47.7 million in Q1 2020.
- A 5-year average of -$30.3 million and a median of -$28.1 million in 2020 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2020 — Operating Expenses sank 518.09% — and 2021, when it surged 53.63%.
- Teekay's Operating Expenses stood at -$27.7 million in 2020, then increased by 14.32% 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 36.19% to -$18.2 million in 2024.
- Business Quant data shows TK's Operating Expenses at -$18.2 million in Q4 2024, -$38.0 million in Q3 2024, and -$37.7 million in Q2 2024.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Teekay | 962.12 Mn | 1.43 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -18.25 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 |