Seapeak LLC
For the period ended Mar 31, 2026. Filed May 15, 2026.
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Mar 31, 2026 · Filed May 15, 2026
SEAL-PA$25.20+0.1%Stored close · as of Nov 6, 2026
Contents
Unaudited Consolidated Statements of Income for the three months ended March 31, 2026 and 2025
ITEM 1 – FINANCIAL STATEMENTS
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| $ | $ | |
| Voyage revenues (notes 6 and 10a) | 147,367 | 160,430 |
| Voyage expenses | (2,601) | (5,397) |
| Vessel operating expenses | (54,743) | (54,357) |
| Depreciation and amortization | (41,883) | (33,521) |
| General and administrative expenses | (7,104) | (7,144) |
| Gain on sales of vessels (note 14) | 3,007 | — |
| Income from vessel operations | 44,043 | 60,011 |
| Equity income (notes 3b, 7 and 10a) | 28,532 | 17,674 |
| Interest expense | (36,700) | (42,446) |
| Interest income (note 7) | 2,826 | 3,170 |
| Realized and unrealized gain (loss) on non-designated derivative instruments (note 11) | 7,144 | (17,008) |
| Foreign currency exchange loss (notes 8 and 11) | (444) | (1,060) |
| Other expense (notes 3b and 5) | (4,844) | (12,761) |
| Net income before income tax (expense) recovery | 40,557 | 7,580 |
| Income tax (expense) recovery (note 9) | (81) | 363 |
| Net income | 40,476 | 7,943 |
| Non-controlling interest in net income | (933) | (1,242) |
| Preferred unitholders' interest in net income | 6,279 | 6,279 |
| Common unitholder's interest in net income | 35,130 | 2,906 |
Related party transactions (note 10)
Subsequent events (note 16)
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