Teekay Corporation Ltd. reported GAAP net income attributable to shareholders of $14.9 million, or $0.17 per share, for the first quarter of 2025. The company declared a one-time special cash dividend of $1.00 per common share, payable in July 2025, and repurchased $4.2 million worth of its outstanding common shares.

Teekay Corporation Ltd. reported GAAP net income attributable to shareholders of $25.2 million, or $0.29 per share, and adjusted net income of $16.6 million, or $0.19 per share, for the fourth quarter of 2024. The company completed the sale of its Australian operations and remaining management services companies to Teekay Tankers, simplifying its business structure. Teekay Tankers also sold or agreed to sell three older vessels in early 2025, generating expected gains.