Seapeak LLC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $637.0M | $710.7M | $726.8M | $624.5M | $597.8M | $591.1M | $601.3M | $510.8M |
| Cost of Revenue | $12.1M | $11.6M | $21.4M | $34.6M | $28.2M | $17.4M | $21.4M | $28.2M |
| Gross Profit | $624.9M | $699.2M | $705.4M | $589.9M | $569.6M | $573.7M | $579.9M | $482.5M |
| Gross Margin | 98.1% | 98.4% | 97.1% | 94.5% | 95.3% | 97.1% | 96.4% | 94.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $34.5M | $29.1M | $30.9M | $25.5M | $41.0M | $26.9M | $22.5M | $28.5M |
| Operating Income | $130.9M | $-94.5M | $315.3M | $177.3M | $246.5M | $226.1M | $299.3M | $147.8M |
| Operating Margin | 20.5% | -13.3% | 43.4% | 28.4% | 41.2% | 38.2% | 49.8% | 28.9% |
| Interest Expense | $165.4M | $178.4M | $187.5M | $137.1M | $118.6M | $132.8M | $164.5M | $128.3M |
| Pretax Income | $29.1M | $-98.3M | $327.9M | $249.7M | $262.4M | $100.8M | $172.1M | $30.1M |
| Income Tax Expense | $3.1M | $-2.5M | $10.2M | $8.2M | $6.9M | $3.5M | $7.5M | $3.2M |
| Net Income | $26.0M | $-95.8M | $317.7M | $241.6M | $255.5M | $97.3M | $164.6M | $26.9M |
| Net Margin | 4.1% | -13.5% | 43.7% | 38.7% | 42.7% | 16.5% | 27.4% | 5.3% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | 79.4M |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | 79.4M |
| Dividends Per Share | — | — | — | — | $1.11 | $0.94 | $0.71 | $0.56 |