Teekay Q2 FY26 GAAP net income rises to $69.47 million; revenue climbs to $379.12 million

• Teekay posted U.S. GAAP net income attributable to shareholders of USD 69.5 million, or USD 0.79 per share, in Q2 2026.
• Revenue rose to USD 379.12 million; operating income climbed to USD 220.79 million.
• Teekay Tankers logged record spot rates in Q2, with Suezmax averaging USD 109,200 per day and Aframax/LR2 at USD 74,100.
• In Q3 to date, Suezmax spot rates averaged USD 104,800 per day; Aframax/LR2 averaged USD 59,900 for about 44% of spot days booked.
• Teekay Tankers advanced its fleet renewal, buying two Korean Suezmax newbuilding contracts for USD 190 million; it sold two vessels for USD 138 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Teekay Corporation Ltd. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.