Energy -
Oil & Gas Midstream - NYSE - CA
$ 25.5
-0.391 %
$ 2.22 B
Market Cap
None
P/E
1. INTRINSIC VALUE
Balance Sheet
Seapeak LLC
| Current Assets | 307 M |
| Cash & Short-Term Investments | 189 M |
| Receivables | 31.3 M |
| Other Current Assets | 87 M |
| Non-Current Assets | 5.35 B |
| Long-Term Investments | 1.98 B |
| PP&E | 3.22 B |
| Other Non-Current Assets | 154 M |
| Current Liabilities | 440 M |
| Accounts Payable | 6.69 M |
| Short-Term Debt | 298 M |
| Other Current Liabilities | 135 M |
| Non-Current Liabilities | 2.54 B |
| Long-Term Debt | 2.44 B |
| Other Non-Current Liabilities | 102 M |
EFFICIENCY
Earnings Waterfall
Seapeak LLC
| Revenue | 727 M |
| Cost Of Revenue | 409 M |
| Gross Profit | 318 M |
| Operating Expenses | 2.92 M |
| Operating Income | 315 M |
| Other Expenses | -2.45 M |
| Net Income | 318 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Seapeak LLC
| Net Income | 318 M |
| Depreciation & Amortization | 146 M |
| Capital Expenditures | -148 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 1.85 M |
| Others | -119 M |
| Free Cash Flow | 215 M |
Wall Street Analysts Price Targets
Seapeak LLC
SEAL-PB has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.531 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Seapeak LLC
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Seapeak: The 8.9% Yielding Preferred Shares Remain Attractive
Seapeak, formerly Teekay LNG Partners, reported robust financial performance in 2023 with total revenue of almost $727M. The preferred dividends of Seapeak have excellent coverage ratios, with less than 9% of attributable net income needed to cover them. Seapeak's balance sheet improved, with total equity increasing to $2.58B and common equity reaching approximately $2.3B at the end of 2023.
seekingalpha.com
- 9 months ago
Seapeak's Preferred Shares Offer A 9.3% Yield
Seapeak's Q3 results showed a substantial increase in income from vessel operations, but higher interest expenses and lower equity income affected consolidated results. The preferred dividends of Seapeak are well covered, and the company's ability to pay preferred dividends is not a concern. Seapeak's total amount of common equity has increased, making the preferred equity safer, and the company has an active share buyback program for preferred shares.
seekingalpha.com
- 1 year ago
Seapeak's Preferred Shares: 9%+ Dividend Yield
Seapeak continues to pay the dividends on its preferred shares, although private equity group Stonepeak needs to inject more cash. Those cash injections are making the balance sheet (and the preferred shares) safer.
seekingalpha.com
- 1 year ago
Seapeak: The 9%-Plus Yielding Preferred Shares Have Never Been This Robust
Teekay LNG Partners was acquired by Stonepeak, a private equity firm. That's usually bad news for preferred shareholders if the shares don't get called as the interests usually don't align.
seekingalpha.com
- 1 year ago
8. Profile
Summary
Seapeak LLC SEAL-PB
COUNTRY
CA
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 2.22 B
Dividend Yield
0.00%
Description
Seapeak LLC provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates through two segments, LNG and LPG. It operates a fleet of 47 LNG carriers, 33 LPG, and 10 multi-gas carriers. The company was formerly known as Teekay LNG Partners L.P. and changed its name to Seapeak LLC on February 25, 2022. Seapeak LLC was incorporated in 2004 and is based in Vancouver, Canada.
Contact
Suite 2000, Vancouver, V6C 2K2
https://www.seapeak.com
IPO
Date
Oct. 18, 2017
Employees
2897
Officers
Mr. Chris McDade
Vice President of Operations
Mr. Nathan Kim
General Counsel
Mr. Mark J. Kremin
President, Chief Executive Officer & Director
Mr. Scott Gayton
Chief Financial Officer