SEAL-PA on NYSE

Seapeak LLC

In its 2026 annual report (Form 20-F) the company says: “Seapeak LLC is an international provider of marine transportation services focusing on LNG and NGL. Our primary strategy focuses on servicing our customers through our fleet of LNG and NGL carriers under medium to long-term, fixed-rate charters. We pursue opportunities in the LNG and NGL sectors and may consider other opportunities to which our competitive strengths are well suited, including entering into adjacent liquefied gas markets, renewable markets, and other maritime opportunities.”4 Its shares trade on NYSE under the symbol SEAL-PA.1

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Last updated Oct 20, 2026.

Overview

$637.0MRevenue, fiscal 20252
$26.0MNet income, fiscal 20252

Compare with Costamare Bulkers Holdings Ltd, International Seaways, Inc. or TEEKAY TANKERS LTD., or pick any stock.

  • TickerSEAL-PA on NYSE1
  • IndustryWater Transportation1
  • Headquarters1T1
  • Incorporated inMarshall Islands3
  • Business address4Th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, D0 Hm 083
  • Filer categoryNon-accelerated filer3

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Seapeak LLC is an international provider of marine transportation services focusing on LNG and NGL. We were formed in 2004 for the purpose of operating in the LNG shipping sector. Our primary strategy focuses on servicing our customers through our fleet of LNG and NGL carriers under medium to long-term, fixed-rate charters. In executing our strategy, we may engage in vessel or business acquisitions or enter into joint ventures and partnerships with companies that provide increased access to emerging opportunities from global expansion of the LNG and NGL sectors. We pursue opportunities in the LNG and NGL sectors and may consider other opportunities to which our competitive strengths are well suited, including entering into adjacent liquefied gas markets, renewable markets, and other maritime opportunities.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.5%Operating margin2
4.1%Net margin2
-10.4%Revenue growth, 20252

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Lease Revenue brought in 78% of the revenue Seapeak LLC broke down this way in fiscal 2025.

  1. Lease Revenue$499.3M278%down 13% from 2024
  2. Managementfeesandother$101.3M216%up 0% from 2024
  3. Nonleaserevenue$36.4M26%down 3% from 2024
Products and services by year
Products and services202320242025
Lease Revenue$603.2M$572.3M$499.3M
Managementfeesandother$89.3M$101.1M$101.3M
Nonleaserevenue$34.3M$37.4M$36.4M

Business segments

LNG brought in 82% of the revenue Seapeak LLC broke down this way in fiscal 2025.

  1. LNG$522.5M282%down 8% from 2024
  2. NGL$114.5M218%down 21% from 2024
Business segments by year
Business segments202320242025
LNG$563.5M$566.6M$522.5M
NGL$163.3M$144.1M$114.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue2¢$12.1M
  • Other costs68¢$430.4M
  • Interest26¢$165.3M
  • Income tax0¢$3.1M
  • Profit4¢$26.0M

Out of $637.0M in revenue.2

Financial statements

Revenue567892$637.0M in 2025+25% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $510.8M$510.8M20182019: $601.3M$601.3M2019+18%2020: $591.1M$591.1M2020−2%2021: $597.8M$597.8M2021+1%2022: $624.5M$624.5M2022+4%2023: $726.8M$726.8M2023+16%2024: $710.7M$710.7M2024−2%2025: $637.0M$637.0M2025−10%
Operating income567892$130.9M in 2025−11% since 2018
-$200.0M0$200.0M$400.0M2018: $147.8M$147.8M20182019: $299.3M$299.3M2019+102%2020: $226.1M$226.1M2020−24%2021: $246.5M$246.5M2021+9%2022: $177.3M$177.3M2022−28%2023: $315.3M$315.3M2023+78%2024: -$94.5M-$94.5M20242025: $130.9M$130.9M2025
Net income567892$26.0M in 2025−3% since 2018
-$200.0M0$200.0M$400.0M2018: $26.9M$26.9M20182019: $164.6M$164.6M2019+512%2020: $97.3M$97.3M2020−41%2021: $255.5M$255.5M2021+163%2022: $241.6M$241.6M2022−5%2023: $317.7M$317.7M2023+32%2024: -$95.8M-$95.8M20242025: $26.0M$26.0M2025
Fiscal year20182019202020212022202320242025
Revenue$510.8M5$601.3M6$591.1M7$597.8M8$624.5M9$726.8M2$710.7M2$637.0M2
Cost of revenue$28.2M5$21.4M6$17.4M7$28.2M8$34.6M9$21.4M2$11.6M2$12.1M2
Operating income$147.8M5$299.3M6$226.1M7$246.5M8$177.3M9$315.3M2-$94.5M2$130.9M2
Interest$128.3M5$164.5M6$132.8M7$118.6M8$137.1M9$187.5M2$178.4M2$165.3M2
Income before tax$262.4M8$249.7M9$327.9M2-$98.3M2$29.1M2
Income tax$3.2M5$7.5M6$3.5M7$6.9M8$8.2M9$10.2M2-$2.5M2$3.1M2
Net income$26.9M5$164.6M6$97.3M7$255.5M8$241.6M9$317.7M2-$95.8M2$26.0M2

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Corporate structure

Seapeak LLC sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Seapeak LLC

  • JPMorgan Chase Filed SC 13G/A on Seapeak LLC, latest Feb 4, 2022 (2 filings since Feb 3, 2022)
  • FMR LLC Filed SC 13G/A on Seapeak LLC, latest Jan 10, 2022
  • cobas asset management, sgiic, s.a. Filed SC 13G/A on Seapeak LLC, latest Oct 28, 2021
  • Seapeak LLC 1T

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Seapeak LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$301.6M2 Dec 31, 2025$243.2M2 Dec 31, 2024+24.0%
Property and equipment, net$328.6M2 Dec 31, 2025$731.3M2 Dec 31, 2024−55.1%
Finance-lease assets$2.2B2 Dec 31, 2025$2.0B2 Dec 31, 2024+8.9%
Operating-lease assets (leased space)$09 Dec 31, 2024$7.8M9 Dec 31, 2023−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$122.9M2 Dec 31, 2025$153.7M2 Dec 31, 2024−20.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$37.3M2 Dec 31, 2025$37.3M2 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$13.5M2 Dec 31, 2025$20.4M2 Dec 31, 2024−33.9%
Finite-lived intangibles, gross$61.3M2 Dec 31, 2025$204.6M2 Dec 31, 2024−70.0%
Accumulated amortization$47.8M2 Dec 31, 2025$184.2M2 Dec 31, 2024−74.0%

Leadership

Who has led Seapeak LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark Kremin2026–now

Chair

  1. James Wyper2026–now

Chief financial officer

  1. Robert Scott Gayton2026–now
Board members and other officers (4)

Former names

  • Teekay LNG Partners L.P.Nov 24, 2004 to Mar 9, 20223

Timeline

  1. Mar 3, 2026New chief executive Mark Kremin becomes CEO12

Filings

56 filings to the SEC since October 2021: 5 annual reports, 8 insider forms, 4 large holders, 39 other. The latest 20:

  1. Aug 26, 20266-K EDGAR
  2. May 15, 20266-K EDGAR
  3. Mar 18, 20263/A PRIMARY DOCUMENT EDGAR
  4. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  5. Mar 18, 202620-F EDGAR
  6. Mar 17, 20263 PRIMARY DOCUMENT EDGAR
  7. Mar 9, 20263 PRIMARY DOCUMENT EDGAR
  8. Mar 6, 20263 PRIMARY DOCUMENT EDGAR
  9. Mar 5, 20263 PRIMARY DOCUMENT EDGAR
  10. Mar 3, 20263 PRIMARY DOCUMENT EDGAR
  11. Mar 3, 20263 PRIMARY DOCUMENT EDGAR
  12. Nov 13, 20256-K EDGAR
  13. Aug 14, 20256-K EDGAR
  14. May 15, 20256-K EDGAR
  15. Mar 14, 202520-F EDGAR
  16. Nov 14, 20246-K EDGAR
  17. Aug 15, 20246-K EDGAR
  18. May 16, 20246-K EDGAR
  19. Mar 22, 202420-F EDGAR
  20. Nov 15, 20236-K EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Seapeak LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSeapeak LLC1
  • CIK0001308106
  • Filer statusNon-accelerated filer not a shell company4
  • Incorporated inRepublic of The Marshall Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4400 Water Transportation1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address4Th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, D0 HM 081
  • Mailing address550 Burrard Street, Suite 2000, Vancouver, A1 V6C 2K21
  • Phone(441) 298-25301
  • AuditorKPMG LLP, Vancouver BC, Canada PCAOB ID 85; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 24, 20041
  • Filings400 in all: 6-K (212), SC 13G/A (27), 20-F (21), 424B5 (20), UPLOAD (15), CORRESP (10), 6-K/A (9), EFFECT (9)1
    All 36 form types

    8-A12B/A (8), 3 (7), F-1/A (7), F-3 (7), SC 13G (7), F-3ASR (4), FWP (4), 20-F/A (3), 424B2 (3), 8-A12B (3), CERTNYS (3), 424B4 (2), 424B7 (2), F-1 (2), POS AM (2), 15-12B (1), 25-NSE (1), 3/A (1), 424A (1), F-1MEF (1), POS462B (1), POSASR (1), RW (1), S-8 (1), S-8 POS (1), SC 13D (1), SC 13D/A (1), SC TO-C (1)

  • Latest filingsAnnual report (20-F) Mar 18, 2026

Securities registered for trading

ClassSymbolExchange
Series A Preferred UnitsSEAL/PANew York Stock Exchange
Series B Preferred UnitsSEAL/PBNew York Stock Exchange

From the cover page of the 20-F filed Mar 18, 2026 (Section 12(b) of the Exchange Act).4

Sources

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