Teekay Corporation Ltd. filed a Form 6-K with the SEC on November 11, 2026, providing an update for the three months ended September 30, 2026, including unaudited U.S. GAAP financial results for the third quarter of 2026.

Key Highlights

  • Q3 2026 net income: U.S. GAAP net income attributable to Teekay shareholders was $59.8 million, or $0.68 per basic share, for the three months ended September 30, 2026.
  • Suezmax spot rates: Teekay Tankers' Q3 2026 Suezmax spot rates averaged $106,400 per day; early Q4 2026 rates are averaging $272,000 per day for approximately 63% of spot days booked to date, according to the filing.
  • Aframax/LR2 rates: Q3 2026 Aframax/LR2 spot rates averaged $67,600 per day, with early Q4 2026 rates averaging $208,300 per day for approximately 53% of spot days booked to date.
  • Fleet orders placed: Teekay Tankers ordered two Aframax/LR2 tankers at a Chinese yard and two Suezmax tankers at a Korean yard, all with expected deliveries in 2030, plus options for two additional Suezmax tankers.
  • MR tanker acquisition: Teekay Tankers agreed to acquire one 2020-built MR tanker with expected delivery by mid-January 2027.
  • Quarterly dividend declared: Teekay Tankers declared its regular fixed quarterly cash dividend of $0.25 per share for the quarter ended September 30, 2026, payable in December 2026.
  • Teekay Parent liquidity: Cash and cash equivalents and short-term investments at Teekay Parent stood at $59.651 million as at September 30, 2026.

Teekay Corporation Q3 2026 Financial Results and Fleet Activity

According to the filing, Teekay Corporation Ltd. (NYSE:TK) reported consolidated revenues of $368,925 thousand for the three months ended September 30, 2026, compared with $379,115 thousand for the three months ended June 30, 2026, and $228,485 thousand for the three months ended September 30, 2025. Income from operations was $189,785 thousand in Q3 2026, down from $220,791 thousand in Q2 2026 but up from $69,166 thousand in Q3 2025. The filing notes that net income attributable to Teekay shareholders for Q3 2026 included $6.0 million, or $0.07 per share, related to gains on Teekay Tankers' vessel sales.

The filing also disclosed that Teekay Parent's market value of its investment in Teekay Tankers reached $1,033,137 thousand as at September 30, 2026, rising from $690,497 thousand as at June 30, 2026, and $568,619 thousand as at December 31, 2025. As at September 30, 2026, Teekay Parent held 10.6 million Teekay Tankers Class A and B common shares, with Teekay Tankers' Class A shares closing at $97.06 per share. The number of Teekay's outstanding common shares at the end of Q3 2026 was 87,948,644, the filing stated.

Teekay describes itself in the filing as "a leading provider of international crude oil marine transportation and other marine services," operating through its controlling interest in Teekay Tankers Ltd. (NYSE:TNK). Teekay Tankers is described as operating a fleet of 38 double-hull crude oil and product tankers, including committed newbuildings, along with three chartered-in oil tankers. The fleet renewal transactions disclosed in this filing, including the newbuilding orders and the MR tanker acquisition, represent additions to that fleet profile. The filing states that forward-looking statements, including those regarding newbuilding delivery timing, dividend payments, and expected spot tanker rates for Q4 2026, are subject to risks and uncertainties described in Teekay's filings with the SEC, including its Annual Report on Form 20-F for the fiscal year ended December 31, 2025.

What Was Disclosed

Teekay Corporation Ltd. filed a Form 6-K covering its Q3 2026 update, disclosing unaudited financial results, spot tanker rate data for Suezmax and Aframax/LR2 vessels, fleet newbuilding orders, an MR tanker acquisition agreement, and a Teekay Tankers quarterly dividend declaration of $0.25 per share.