Seapeak LLC SEAL-PB
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $636.96M, -10.4% YoY · Filed Mar 18, 2026
Seapeak LLC (SEAL-PA) files with the SEC under industry code 4400, Water Transportation. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $637.0 million and net income of $26.0 million. Free cash flow was $211.6 million. As of Dec 31, 2025 it held $122.9 million in cash and investments and $2.7 billion in total debt.
Revenue
$636.96M
-10.4% vs prior year
Net income
$25.99M
+127.1% vs prior year
Operating cash flow
$272.86M
+63.9% vs prior year
Free cash flow
$211.59M
+218.0% vs prior year
EPS
—
Dividend per share
$2.65
+5.4% vs prior year
Shares outstanding
79.36M
-0.3% vs prior year
Net cash
$-2.57B
FY 2025
Operating margin
20.5%
FY 2025
Company profile
- Industry
- Water Transportation (SIC 4400)
- Listed as
- SEAL-PA (NYSE), SEAL-PB (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Marshall Islands
- Headquarters
- Hamilton, Bermuda
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 1308106
- Former names
- Teekay LNG Partners L.P. (until Mar 9, 2022)
Other Water Transportation companies
- Royal Caribbean Cruises Ltd RCL
- Carnival Corp Ltd. CCL
- Viking Holdings Ltd VIK
- Norwegian Cruise Line Holdings Ltd. NCLH
- Kirby Corp KEX
- Matson, Inc. MATX
- International Seaways, Inc. INSW
- Golar LNG Ltd GLNG
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $637.0M | $710.7M | $726.8M | $624.5M | $597.8M |
| Operating income | $130.9M | -$94.5M | $315.3M | $177.3M | $246.5M |
| Net income | $26.0M | -$95.8M | $317.7M | $241.6M | $255.5M |
| Operating cash flow | $272.9M | — | — | — | — |
| Free cash flow | $211.6M | — | — | — | — |
| Total assets | $5.1B | $5.4B | $5.7B | $5.8B | $4.8B |
| Total liabilities | $2.9B | $3.1B | $3.0B | $3.4B | $2.9B |
| Cash and investments | $122.9M | $153.7M | $168.4M | $215.7M | $92.1M |
| Total debt | $2.7B | $2.8B | $2.7B | $3.1B | $2.7B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Aug 26, 2026 | Jun 30, 2026 |
| 6-K | Current report (foreign issuer) | May 15, 2026 | Mar 31, 2026 |
| 20-F | Annual report (foreign issuer) | Mar 18, 2026 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Nov 13, 2025 | Sep 30, 2025 |
| 6-K | Current report (foreign issuer) | Aug 14, 2025 | Jun 30, 2025 |
| 6-K | Current report (foreign issuer) | May 15, 2025 | Mar 31, 2025 |
All 400 Seapeak LLC SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.