Seapeak LLC
For the period ended Mar 31, 2024. Filed May 16, 2024.
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Mar 31, 2024 · Filed May 16, 2024
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, 202 and
ITEM 1 – FINANCIAL STATEMENTS
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| $ | $ | |
| Voyage revenues (notes 6 and 10a) | 179,117 | 185,170 |
| Voyage expenses | (3,385) | (7,176) |
| Vessel operating expenses | (55,835) | (57,636) |
| Time-charter hire expenses | (2,173) | (2,257) |
| Depreciation and amortization | (34,993) | (36,922) |
| General and administrative expenses | (8,575) | (8,565) |
| Gain (loss) on sales and (write-down) of vessels (notes 6 and 14) | 704 | 35,471 |
| Income from vessel operations | 74,860 | 108,085 |
| Equity income (notes 7 and 10a) | 29,938 | 33,110 |
| Interest expense | (43,688) | (47,333) |
| Interest income (note 7) | 3,324 | 2,651 |
| Realized and unrealized gain (loss) on non-designated derivative instruments (note 11) | 23,363 | (5,647) |
| Foreign currency exchange gain (loss) (notes 8 and 11) | 713 | (4,410) |
| Other (expense) income (notes 3b and 5a) | (6,827) | 13,089 |
| Net income before income tax recovery (expense) | 81,683 | 99,545 |
| Income tax recovery (expense) (note 9) | 182 | (1,605) |
| Net income | 81,865 | 97,940 |
| Non-controlling interest in net income | (121) | 5,185 |
| Preferred unitholders' interest in net income | 6,425 | 6,340 |
| Company's interest in net income | 75,561 | 86,415 |
Related party transactions (note 10)
Subsequent events (note 16)
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