Seapeak LLC
For the period ended Mar 31, 2025. Filed May 15, 2025.
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Mar 31, 2025 · Filed May 15, 2025
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, 2025 and 2024
ITEM 1 – FINANCIAL STATEMENTS
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| $ | $ | |
| Voyage revenues (notes 6 and 10a) | 160,430 | 179,117 |
| Voyage expenses | (5,397) | (3,385) |
| Vessel operating expenses | (54,357) | (55,835) |
| Time-charter hire expenses | — | (2,173) |
| Depreciation and amortization | (33,521) | (34,993) |
| General and administrative expenses | (7,144) | (8,575) |
| Gain on sales of vessels (note 14) | — | 704 |
| Income from vessel operations | 60,011 | 74,860 |
| Equity income (notes 3b, 7 and 10a) | 17,674 | 29,938 |
| Interest expense | (42,446) | (43,688) |
| Interest income (note 7) | 3,170 | 3,324 |
| Realized and unrealized (loss) gain on non-designated derivative instruments (note 11) | (17,008) | 23,363 |
| Foreign currency exchange (loss) gain (notes 8 and 11) | (1,060) | 713 |
| Other expense (notes 3b and 5) | (12,761) | (6,827) |
| Net income before income tax recovery | 7,580 | 81,683 |
| Income tax recovery (note 9) | 363 | 182 |
| Net income | 7,943 | 81,865 |
| Non-controlling interest in net income | (1,242) | (121) |
| Preferred unitholders' interest in net income | 6,279 | 6,425 |
| Common unitholder's interest in net income | 2,906 | 75,561 |
Related party transactions (note 10)
Subsequent events (note 16)
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