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
DateValue
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