<SEC-DOCUMENT>0000911971-24-000009.txt : 20241101
<SEC-HEADER>0000911971-24-000009.hdr.sgml : 20241101
<ACCEPTANCE-DATETIME>20241101152418
ACCESSION NUMBER:		0000911971-24-000009
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240930
FILED AS OF DATE:		20241101
DATE AS OF CHANGE:		20241101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY CORP LTD
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12874
		FILM NUMBER:		241418793

	BUSINESS ADDRESS:	
		STREET 1:		2ND FLOOR, SWAN BUILDING
		STREET 2:		26 VICTORIA STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 12
		BUSINESS PHONE:		604-683-3529

	MAIL ADDRESS:	
		STREET 1:		2ND FLOOR, SWAN BUILDING
		STREET 2:		26 VICTORIA STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 12

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEEKAY CORP
		DATE OF NAME CHANGE:	20070608

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEEKAY SHIPPING CORP
		DATE OF NAME CHANGE:	19950609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tk6-kq3x24doc.htm
<DESCRIPTION>6-K
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i2977c4fc956d4d8e87d24741bbaeff11_1"></div><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="margin-top:4pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.861%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">_________________________</font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:105%">FORM 6-K</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">_________________________ </font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Report of Foreign Private Issuer</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Rule 13a-16 or 15d-16 under</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">the Securities Exchange Act of 1934</font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">For the quarterly period ended September&#160;30, 2024 </font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Commission file number 1-12874</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">_________________________</font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:24pt;font-weight:700;line-height:100%">TEEKAY CORPORATION LTD.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(Exact name of Registrant as specified in its charter)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">_________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">2nd Floor, Swan Building, </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">26 Victoria Street, </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Hamilton, HM 12, Bermuda</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Address of principal executive office)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">_________________________</font></div><div style="margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.861%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Form 20-F&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#253;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40-F&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#168;</font></div></td></tr></table></div><div style="margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.861%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 1</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">REPORT ON FORM 6-K FOR THE QUARTERLY PERIOD ENDED SEPTEMBER&#160;30, 2024 </font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">INDEX</font></div><div style="margin-top:12pt;text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:93.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.317%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">PAGE</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_10" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">PART I&#58; FINANCIAL INFORMATION</a></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_13" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Item&#160;1. Financial Statements (Unaudited)</a></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_16" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Unaudited Consolidated Statements of Income for the three and </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_16" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">nine</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_16" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> months ended </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_16" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">September</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_16" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> 30, 2024 and 2023</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_16" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">3</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_19" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Unaudited Consolidated Statements of Comprehensive Income for the three and </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_19" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">nine</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_19" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> months ended </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_19" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">September</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_19" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> 30, 2024 and 2023</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_19" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">4</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_22" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Unaudited Consolidated Balance Sheets as at </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_22" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">September</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_22" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> 30, 2024 and December 31, 2023</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_22" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">5</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_25" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Unaudited Consolidated Statements of Cash Flows for the </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_25" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">nine</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_25" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> months ended </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_25" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">September</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_25" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> 30, 2024 and 2023</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_25" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">6</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_28" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Unaudited Consolidated Statements of Changes in Total Equity for the three and </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_28" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">nine</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_28" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> months ended </a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_28" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">September</a><a href="#i2977c4fc956d4d8e87d24741bbaeff11_28" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"> 30, 2024 and 2023</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_28" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">7</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_31" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Notes to the Unaudited Consolidated Financial Statements</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_31" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">9</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_88" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">Item&#160;2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_88" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">19</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_121" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">PART II&#58; OTHER INFORMATION</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_121" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">32</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_124" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">SIGNATURES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_124" style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:none">34</a></font></div></td></tr></table></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 2</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">PART I &#8211; FINANCIAL INFORMATION</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_13"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">ITEM&#160;1 &#8211; FINANCIAL STATEMENTS</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_16"></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">UNAUDITED CONSOLIDATED STATEMENTS OF INCOME</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:539.25pt"><tr><td style="width:1.0pt"></td><td style="width:277.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(in thousands of U.S. Dollars, except share and per share amounts)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Revenues (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 3</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">272,619</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">311,682</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">963,808</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,125,783</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Voyage expenses</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(93,984)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(113,274)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(310,612)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(355,543)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Vessel operating expenses</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(64,963)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,387)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(188,740)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(180,401)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Time-charter hire expenses (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 8</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(18,465)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(19,378)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(57,651)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(51,014)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(23,445)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(24,565)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,136)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(72,924)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(13,938)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(13,824)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(48,725)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(45,466)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gain on sale of assets (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 13</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,601</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restructuring charges (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 14</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,632)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,632)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,677)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from vessel operations</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,192</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,254</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">294,913</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">418,758</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(844)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,461)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,744)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(23,794)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,958</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,652</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,766</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,006</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Equity (loss) income </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(121)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">666</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,152</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,916</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other - net </font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,378</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(95)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,431</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,857)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income before income taxes</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">62,563</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">82,016</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">321,518</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">412,029</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income tax (expense) recovery (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 15</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(457)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,109</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,399)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(9,583)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net income</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">62,106</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">84,125</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">320,119</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">402,446</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net income attributable to non-controlling interests</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(42,034)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(57,967)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(211,591)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(287,187)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net income attributable to the shareholders of Teekay Corporation</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">20,072</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">26,158</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">108,528</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">115,259</font></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Per common share attributable to the shareholders of Teekay Corporation (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:100%">note 16</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8226;&#160;&#160;Basic income </font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.22</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.28</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.17</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.21</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8226;&#160;&#160;Diluted income</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.21</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.27</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.14</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.17</font></td></tr><tr style="height:12pt"><td colspan="12" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Weighted average number of common shares outstanding </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:100%">(note 16)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8226;&#160;&#160;Basic </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">92,358,742</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">92,775,107</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">92,759,009</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">95,210,081</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8226;&#160;&#160;Diluted</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,243,994</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,861,508</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">94,822,032</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">97,343,603</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">The accompanying notes are an integral part of the unaudited consolidated financial statements.</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 3</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(in thousands of U.S. Dollars)</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:271.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:63.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:63.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net income</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">62,106</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">84,125</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">320,119</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">402,446</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Other comprehensive income&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Other comprehensive income before reclassifications</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Pension adjustments, net of taxes</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Amounts reclassified from accumulated other comprehensive income</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Realized loss on pension adjustments</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,952</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Other comprehensive income</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,972</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Comprehensive income</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">62,106</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">84,125</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">320,119</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">404,418</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Comprehensive income attributable to non-controlling interests</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(42,034)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(57,967)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(211,591)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(287,187)</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Comprehensive income attributable to shareholders of Teekay Corporation</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,072</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,158</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">108,528</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">117,231</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="24" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">The accompanying notes are an integral part of the unaudited consolidated financial statements.</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 4</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_22"></div><hr style="page-break-after:always"><div style="min-height:36pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">UNAUDITED CONSOLIDATED BALANCE SHEETS</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(in thousands of U.S. Dollars, except share amounts)</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:366.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">As at September 30,<br>2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">As at December 31, 2023</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">ASSETS</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Current</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">notes 10 and 17</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">691,654</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">480,080</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term investments (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,277</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">172,604</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash &#8211; current (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">notes 10 and 17</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">667</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">691</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accounts receivable</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,367</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">117,794</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued revenue</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">46,394</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">70,026</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Bunker and lube oil inventory</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">45,440</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">53,219</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Assets held for sale </font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">37,239</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,910</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepaid expenses</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,448</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,624</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other current assets (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 5</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,908</font></td><td colspan="3" style="background-color:#cceeff;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total current assets</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">986,394</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">921,948</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Vessels and equipment</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At cost, less accumulated depreciation of $553.4 million (2023 - $440.9 million)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,151,862</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">929,237</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Vessels related to finance leases, at cost, less accumulated amortization of $nil&#160;(2023 &#8211; $92.4 million) (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 8</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">228,973</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Operating lease right-of-use assets </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">(note 8)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">53,999</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">76,314</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total vessels and equipment</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,205,861</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,234,524</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment in and loan to equity-accounted investment</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,382</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,731</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Goodwill, intangibles and other non-current assets (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 5</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,851</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">24,435</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total assets</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,233,488</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,196,638</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">LIABILITIES AND EQUITY</font></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Current</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accounts payable</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,691</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">33,954</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued liabilities and other (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 6</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">90,954</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">82,468</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Current obligations related to finance leases (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">notes 8 and 10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,517</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Current portion of operating lease liabilities (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 8</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27,646</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35,882</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total current liabilities</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">144,291</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">172,821</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Long-term obligations related to finance leases (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">notes 8 and 10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">119,082</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Long-term operating lease liabilities (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 8</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,354</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">40,432</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other long-term liabilities (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 6</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">59,331</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">63,957</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total liabilities</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">229,976</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">396,292</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Commitments and contingencies</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">notes 7, 8, 9, 10 and 18</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Equity</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:29pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Share capital and additional paid-in capital ($0.001 par value&#59; 725,000,000 shares authorized&#59; 87,692,905 shares outstanding and 88,226,638 shares issued (2023 &#8211; 91,006,182 shares outstanding and 92,379,826 shares issued)) (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 11</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">910,235</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">945,471</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accumulated deficit</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(105,874)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(213,193)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-controlling interest</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,199,151</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,068,068</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total equity</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,003,512</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,800,346</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total liabilities and equity</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,233,488</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,196,638</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">Subsequent event (note 19)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">The accompanying notes are an integral part of the unaudited consolidated financial statements.</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 5</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_25"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(in thousands of U.S. Dollars)</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:366.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash provided by (used for)</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">OPERATING ACTIVITIES</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net income</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">320,119</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">402,446</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-cash and non-operating items&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">69,136</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">72,924</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gain on sale of assets (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 13</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(11,601)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">919</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,923</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Change in operating assets and liabilities&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Change in other operating assets and liabilities</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">47,665</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,767</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Expenditures for dry docking</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(19,633)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,209)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net operating cash flow</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">406,605</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">495,851</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">FINANCING ACTIVITIES</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Issuance costs, net of proceeds from long-term debt</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,536)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayments of long-term debt</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,000)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Scheduled repayments of long-term debt (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 7</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,184)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Proceeds from short-term debt</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50,000</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayments of short-term debt</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(50,000)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment of obligations related to finance leases (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 8</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(136,955)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(364,201)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Scheduled repayments of obligations related to finance leases</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,213)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(28,900)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Purchase of Teekay Tankers common shares </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,273)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,765)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Distributions from subsidiaries to non-controlling interests </font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(67,294)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(36,506)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Issuance of common shares upon exercise of stock options</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,201</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,857</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Repurchase of Teekay Corporation common shares (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 11</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(35,442)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(46,658)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other financing activities</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,281)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,663)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net financing cash flow</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(266,257)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(508,556)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">INVESTING ACTIVITIES</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Proceeds from sale of vessels and equipment (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 13</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,425</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Expenditures for vessels and equipment</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,546)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,975)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Vessel acquisition</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(70,504)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Maturity of short-term investments</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">120,327</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">114,790</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Repayments from equity-accounted joint ventures</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,500</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,900</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net investing cash flow</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">71,202</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">112,715</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Increase in cash, cash equivalents and restricted cash </font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">211,550</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">100,010</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash, beginning of the period</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">480,771</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">316,706</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash, cash equivalents and restricted cash, end of the period</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">692,321</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">416,716</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">Supplemental cash flow information </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 17</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">The accompanying notes are an integral part of the unaudited consolidated financial statements.</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 6</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_28"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(in thousands of U.S. Dollars, except share amounts)</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:168.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">TOTAL EQUITY</font></td></tr><tr style="height:62pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Thousands<br>of Common Shares<br>Outstanding<br>#</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Share Capital and<br>Additional<br>Paid-in<br>Capital<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated<br>Deficit<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated<br>Other<br>Compre-<br>hensive<br>Loss<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-<br>controlling<br>Interests<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br>$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at December 31, 2023</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91,006</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">945,471</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(213,193)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,068,068</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,800,346</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Net income</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">54,636</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">93,127</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">147,763</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Dividends declared</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,156)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,156)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Repurchase of common shares</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(12)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(115)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(86)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Equity-based compensation</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">384</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">877</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">877</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Changes to non-controlling interest from equity contributions and other </font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,370)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,684</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,314</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at March 31, 2024</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91,378</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">946,233</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(159,898)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,159,723</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,946,058</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Net income</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">33,820</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">76,430</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">110,250</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Dividends declared</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(55,443)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(55,443)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Equity-based compensation</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">458</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,689</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,689</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Changes to non-controlling interest from equity contributions and other</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(632)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,821</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,189</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at June 30, 2024</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91,836</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">949,922</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(126,710)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,182,531</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,005,743</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Net income</font></div></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,072</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">42,034</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">62,106</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Dividends declared</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,183)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,183)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Repurchase of common shares</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,201)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(39,360)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,004</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(35,356)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Equity-based compensation</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">58</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(327)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(327)</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Changes to non-controlling interest from equity contributions and other</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,240)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(19,231)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(22,471)</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at September 30, 2024</font></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">87,693</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">910,235</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(105,874)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,199,151</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,003,512</font></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div><font><br></font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(in thousands of U.S. Dollars, except share amounts)</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:168.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">TOTAL EQUITY</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:62pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Thousands<br>of Common Shares<br>Outstanding<br>#</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Share Capital and<br>Additional<br>Paid-in<br>Capital<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated<br>Deficit<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated<br>Other<br>Compre-<br>hensive<br>Loss<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-<br>controlling<br>Interests<br>$</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br>$</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at December 31, 2022</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">98,318</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,022,040</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(396,605)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,972)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">746,143</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,369,606</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Net income</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">48,763</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">121,150</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">169,913</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Other comprehensive income</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Repurchase of common shares</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,719)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(25,852)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,007</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(14,845)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Equity-based compensation</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">428</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,652</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,652</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Changes to non-controlling interest from equity contributions and other </font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">48</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">853</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">901</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at March 31, 2023</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">96,027</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">997,840</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(336,787)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,952)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">868,146</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,527,247</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Net income</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">40,338</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">108,070</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">148,408</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Other comprehensive income</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,952</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,952</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Dividends declared</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(30,401)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(30,401)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Repurchase of common shares</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,952)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(46,974)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,636</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(28,338)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Equity-based compensation</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">300</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,270</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,270</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:24pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Changes to non-controlling interest from equity contributions and other</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(577)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,439)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,016)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at June 30, 2023</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91,375</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">953,136</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(278,390)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">941,376</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,616,122</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net income</font></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,158</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">57,967</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">84,125</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Dividends declared</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,105)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,105)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Repurchase of common shares</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(585)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,541)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,066</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,475)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Equity-based compensation</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">159</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">948</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">948</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:20pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Changes to non-controlling interest from equity contributions and other</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(384)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">498</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">114</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at September 30, 2023</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">90,949</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">948,543</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(250,550)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">993,736</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,691,729</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:13pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">The accompanying notes are an integral part of the unaudited consolidated financial statements.</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 8</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_31"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">(all tabular amounts stated in thousands of U.S. Dollars, other than share and per share data)</font></div></div><div><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_34"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%"> 1.    Basis of Presentation</font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The unaudited interim consolidated financial statements (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">unaudited consolidated financial statements</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) have been prepared in accordance with United States generally accepted accounting principles (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">GAAP</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). They include the accounts of Teekay Corporation Ltd. (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Teekay </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Teekay Corporation</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), which is incorporated under the laws of Bermuda, its wholly-owned or controlled subsidiaries and any variable interest entities of which Teekay is the primary beneficiary (collectively, the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Company</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). Teekay's controlled subsidiaries include </font><font style="color:#242424;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers Ltd. (NYSE&#58; TNK)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Teekay Tankers</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). Teekay and its subsidiaries, other than Teekay Tankers, are referred to herein as </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Teekay Parent</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">. </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Certain information and footnote disclosures required by GAAP for complete annual financial statements have been omitted from these unaudited consolidated financial statements and, therefore, these financial statements should be read in conjunction with the Company&#8217;s audited consolidated financial statements for the year ended December&#160;31, 2023, included in the Company&#8217;s Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">SEC</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) on March 15, 2024. In the opinion of management, these unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly, in all material respects, the Company&#8217;s consolidated financial position, results of operations, cash flows and changes in total equity for the interim periods presented. The results of operations for the three and nine months ended September&#160;30, 2024, are not necessarily indicative of those for a full fiscal year. Significant intercompany balances and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">On October 1, 2024, each of Teekay and Teekay Tankers transferred its legal domicile by changing its jurisdiction of incorporation from the Republic of the Marshall Islands to Bermuda. In accordance with Bermudian legal requirements, Teekay concurrently changed its name from &#34;Teekay Corporation&#34; to &#34;Teekay Corporation Ltd.&#34; Following the redomiciliation, each of Teekay and Teekay Tankers is registered with the Bermuda Registrar of Companies as an exempted company.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As of January 1, 2024, the European Union (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">EU</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) expanded the existing European Union Emissions Trading System (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">EU ETS</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) to the maritime industry. Under the EU ETS requirements, the Company acquires EU allowances (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">EUAs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) related to greenhouse gas emissions from its vessels and those third-party vessels subject to revenue sharing agreements (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">RSAs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) that trade to, from, and within the EU and European Economic Area. These EUAs are recorded as intangible assets which are presented as other current assets in the unaudited consolidated balance sheet as at September&#160;30, 2024, as they will be surrendered within one year from the balance sheet date (see note 5). The Company classifies these EUAs as indefinite-lived intangible assets, which are not subject to amortization, and they are evaluated for impairment annually and whenever events and changes in circumstances indicate that the value of the assets may be impaired. In addition, the Company has recorded an obligation related to its emissions level for the nine months ended September&#160;30, 2024 as part of accrued liabilities in the unaudited consolidated balance sheet as at September&#160;30, 2024 (see note 6) and voyage expenses in the unaudited consolidated statements of income for the three and nine months ended September&#160;30, 2024. The measurement of both the accrued liability and voyage expenses is determined on a first-in, first-out method based on the cost of the EUAs that are acquired by the Company. If the Company has insufficient EUAs to cover emissions of the vessels and third-party vessels subject to RSAs, an accrual representing the difference between the total emissions liability and the carrying value of the EUAs held will be recorded based on the fair market value of an EUA that is traded on a regulated energy exchange at the end of the reporting period. The Company is required to surrender EUAs through its Union Registry account in September 2025 to cover its vessels' annual emissions for the year ending December&#160;31, 2024.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_37"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">2.     Recent Accounting Pronouncements </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In November 2023, the Financial Accounting Standards Board (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">FASB</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) issued the Accounting Standards Update (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">ASU</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) 2023-07, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Segment Reporting - Improvements to Reportable Segment Disclosures</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">ASU 2023-07</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). ASU 2023-07 introduced updates for how significant segment expense categories and amounts for each reportable segment are disclosed. A significant segment expense is defined as an expense that is&#58;</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">Significant to the segment, </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">Regularly provided to or easily computed from information regularly provided to the chief operating decision maker, and </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">Included in the reported measure of segment profit or loss.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">This additional disclosure for segmented reporting is intended to provide additional information to financial statement users as now expenses such as direct expenses, shared expenses, allocated corporate overhead, or significant interest expense need to be disaggregated and reported separately for each segment. ASU 2023-07 is effective for public entities for fiscal years beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024, and early adoption is permitted. Upon adoption, a public entity will adopt the ASU as of the beginning of the earliest period presented. The Company will adopt this standard starting with its annual financial statements as at and for the year ending December 31, 2024. The standard is not expected to have a significant impact on the Company&#8217;s consolidated financial statements. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU 2023-09, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Improvements to Income Tax Disclosures</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">ASU 2023-09</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), which requires disaggregated information about a reporting entity&#8217;s effective tax rate reconciliation as well as information on income taxes paid. This additional disclosure is intended to provide additional information and transparency of income tax disclosures by providing consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and should be applied prospectively, with retrospective application permitted. The Company expects to adopt this standard in its annual period beginning fiscal year 2025. The Company is currently evaluating the impact of this standard on its consolidated financial statements.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_40"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">3.     Revenues </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company&#8217;s primary source of revenue is chartering its vessels (Suezmax tankers, Aframax tankers and Long Range 2 (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">LR2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) tankers) to its customers. The Company utilizes two primary forms of contracts, consisting of voyage charter contracts and time charter contracts. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The extent to which the Company employs its vessels on voyage charters versus time charters is dependent upon the Company&#8217;s chartering strategy and the availability of time charters. Spot market rates for voyage charters are volatile from period to period, whereas time charters provide a stable source of monthly revenue. The Company also provides ship-to-ship (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">STS</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) support services, which include managing the process&#160;of&#160;transferring&#160;cargo between seagoing ships positioned alongside each other. In addition, the Company generates revenue from the management and operation of vessels owned by third parties, primarily operational and maintenance marine services through its Australian operations. For a description of these contracts, see &#34;Item 18 &#8211; Financial Statements&#58; Note 2&#34; in the Company&#8217;s Annual Report on Form 20-F for the year ended December&#160;31, 2023.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Revenue Table </font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following tables contain the Company&#8217;s revenue for the three and nine months ended September 30, 2024 and 2023, by contract type, and by segment&#58; </font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:522.00pt"><tr><td style="width:1.0pt"></td><td style="width:122.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30, 2023</font></td></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Conventional</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay<br>Parent<br>Marine Services <br>and Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Conventional</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay<br>Parent<br>Marine Services <br>and Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Voyage charters</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">231,665</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">231,665</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">274,774</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">274,774</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Time charters</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,184</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,184</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,119</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,119</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Management fees and other</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,429</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,341</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">32,770</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,965</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,824</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,789</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Total revenue</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">243,278</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,341</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">272,619</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">285,858</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,824</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">311,682</font></td></tr></table></div><div style="padding-left:18pt"><font><br></font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:522.00pt"><tr><td style="width:1.0pt"></td><td style="width:122.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30, 2023</font></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Conventional</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay<br>Parent<br>Marine Services <br>and Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Conventional</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Tankers</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay<br>Parent<br>Marine Services <br>and Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Voyage charters</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">848,580</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">848,580</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,019,484</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,019,484</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Time charters</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,355</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,355</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,124</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,124</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Management fees and other</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,276</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">85,597</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">96,873</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,553</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">74,622</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">83,175</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Total revenue</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">878,211</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">85,597</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">963,808</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,051,161</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">74,622</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,125,783</font></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Charters-out</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024, two (December&#160;31, 2023 - two) of the Company&#8217;s vessels operated under fixed-rate time-charter contracts, which are scheduled to expire in February 2025 and May 2025, respectively. As at September&#160;30, 2024, the minimum scheduled future revenues to be received by the Company under time charters then in place were approximately $9.4&#160;million (remainder of 2024), $17.3 million (2025), $8.0 million (2026), $8.0 million (2027), $8.0 million (2028) and $2.6 million (thereafter) (December&#160;31, 2023 - $12.1&#160;million (2024)), including one further time charter-out contract that was entered into by the Company in September 2024 for a bunker tanker that the Company has agreed to bareboat-in for four and a half years following its delivery to the Company, which is expected to occur in the fourth quarter of 2024. The hire payments should not be construed to reflect a forecast of total charter hire revenue for any of the periods. Future hire payments do not include any hire payments generated from new contracts entered into after September&#160;30, 2024 or from variable consideration, if any, under contracts. In addition, future hire payments presented above have been reduced by estimated off-hire time for required periodic maintenance and do not reflect the impact of any applicable revenue sharing arrangements whereby time-charter revenues are shared with other revenue sharing arrangement participants. Actual amounts may vary given future events such as unplanned vessel maintenance.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Contract Liabilities</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024, the Company had $3.3 million (December&#160;31, 2023 - $3.4&#160;million) of advanced payments recognized as contract liabilities that are expected to be recognized as time-charter revenues or voyage charter revenues in subsequent periods and which are included in accrued liabilities and other in the Company's unaudited consolidated balance sheets.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_43"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">4.     Segment Reporting</font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company allocates capital and assesses performance from the separate perspectives of its publicly-traded subsidiary, Teekay Tankers, and from Teekay Parent, as well as from the perspective of the Company's lines of business. The primary focus of the Company&#8217;s organizational structure, internal reporting and allocation of resources by the chief operating decision maker is on Teekay Tankers and Teekay Parent, and its segments are presented accordingly on this basis. The Company has two primary lines of business&#58; (1) conventional tankers and (2) marine services. The Company manages these businesses for the benefit of all stakeholders. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table includes the Company&#8217;s revenues by segment for the three and nine months ended September 30, 2024 and 2023&#58;</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:255.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Revenues</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Revenues</font></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Tankers - Conventional Tankers</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">243,278</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">285,858</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">878,211</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,051,161</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Parent - Marine Services and Other</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,341</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,824</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">85,597</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">74,622</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">272,619</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">311,682</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">963,808</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,125,783</font></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table includes the Company&#8217;s income (loss) from vessel operations by segment for the three and nine months ended September 30, 2024 and 2023&#58;</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:522.00pt"><tr><td style="width:1.0pt"></td><td style="width:256.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income (Loss) from Vessel Operations</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income (Loss) from Vessel Operations</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Tankers - Conventional Tankers</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,465</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,575</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">293,841</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">422,997</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Parent - Marine Services and Other</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(273)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(321)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,072</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,239)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,192</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,254</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">294,913</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">418,758</font></td></tr></table></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:31.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:4.35pt">Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources). </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">A reconciliation of total segment assets to consolidated total assets presented in the accompanying unaudited consolidated balance sheets is as follows&#58;</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Tankers &#8211; Conventional Tankers</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,453,403</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,508,243</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Parent &#8211; Marine Services and Other</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">36,237</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35,840</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">691,654</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">480,080</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term investments</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,277</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">172,604</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Eliminations</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(83)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(129)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Consolidated total assets</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,233,488</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,196,638</font></td></tr></table></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_46"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">5.     Intangible Assets</font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Intangible assets are included in goodwill, intangibles and other non-current assets as well as in other current assets in the Company's unaudited consolidated balance sheets.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As part of the EU ETS requirements as described in note 1, during the nine months ended September 30, 2024, the Company acquired EUAs for $4.9&#160;million, which were recorded as indefinite-lived intangible assets. As at September&#160;30, 2024, these intangible assets are presented as part of other current assets in the unaudited consolidated balance sheet as the EUAs will be surrendered within one year from the balance sheet date.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024 and December 31, 2023, the Company&#8217;s intangible assets, excluding EUAs, consisted of&#58; </font></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">As at</font></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:30pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Customer relationships </font></div><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;At cost of $5.7 million, less accumulated amortization of $5.3 million </font></div><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;(2023 - cost of $5.7 million, less accumulated amortization of $5.0 million) </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">390</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">658</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Intangible assets</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">390</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">658</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:7.62pt">The customer relationships are being amortized over a weighted average amortization period of 10 years. Amortization of the customer relationships for the three and nine months ended September&#160;30, 2024 was $0.1 million and $0.3 million (2023 - $0.1 million and $0.4 million), respectively. Amortization of the customer relationships for the remaining years subsequent to September&#160;30, 2024 is expected to be $0.1 million (remainder of 2024) and $0.3 million (2025).</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_49"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">6.     Accrued Liabilities and Other and Other Long-Term Liabilities </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Accrued Liabilities and Other</font></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued liabilities</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">79,545</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">73,320</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Obligation related to EU ETS (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">notes 1 and 5</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,800</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred revenues &#8211; current</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,323</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,402</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Office lease liability &#8211; current</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,286</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,527</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset retirement obligation &#8211; current</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,219</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">90,954</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">82,468</font></td></tr></table></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Other Long-Term Liabilities</font></div><div style="margin-bottom:2pt;margin-top:2pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Freight tax provisions (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">note 15</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">43,468</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">47,813</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Pension liabilities</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">5,328</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">6,594</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Office lease liability &#8211; long-term</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,767</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,764</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">768</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">786</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">59,331</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">63,957</font></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Obligation Related to EU ETS </font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As part of the EU ETS requirements as described in note 1, for the nine months ended September 30, 2024, the Company recorded an obligation of $4.8&#160;million, which was included as part of accrued liabilities and other in the unaudited consolidated balance sheet as at September&#160;30, 2024. During the three and nine months ended September&#160;30, 2024, the Company also recognized corresponding expenses of $1.5&#160;million and $4.8&#160;million, respectively, as part of voyage expenses in the unaudited consolidated statements of income.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_52"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">7.     Long-Term Debt </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">On January 26, 2018, Teekay Parent completed a private offering of $125.0 million in aggregate principal amount of 5% Convertible Senior Notes due January 17, 2023 (or the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Convertible Notes</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). During the nine months ended September&#160;30, 2023, Teekay Parent repurchased the remaining principal amount of the Convertible Notes of $21.2&#160;million.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The weighted-average interest rate on the Company&#8217;s aggregate long-term debt, until the redemption of the Convertible Notes on January 17, 2023, was 5%. Thereafter, the Company had no long-term debt outstanding.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024, Teekay Tankers had one revolving credit facility (or the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">2023 Revolver</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), which, as at such date, provided for aggregate borrowings of up to $287.9 million (December&#160;31, 2023 - $321.8&#160;million), of which $287.9 million (December&#160;31, 2023 - $321.8&#160;million) was undrawn. The 2023 Revolver matures in May 2029, and interest payments are based on the Secured Overnight Financing Rate (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">SOFR</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) plus a margin of 2.0%. As of September&#160;30, 2024, the total amount available under the 2023 Revolver was scheduled to decrease by $33.9&#160;million (remainder of 2024), $67.8&#160;million (2025), $66.4&#160;million (2026), $55.0&#160;million (2027), $43.3&#160;million (2028) and $21.5&#160;million (thereafter). As of September&#160;30, 2024, the 2023 Revolver was collateralized by 19 of Teekay Tankers' vessels, together with other related security.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The 2023 Revolver requires Teekay Tankers to maintain a minimum hull coverage ratio of 125% of the total outstanding drawn balance for the facility. This requirement is assessed on a semi-annual basis with reference to vessel valuations compiled by two or more agreed upon third parties. Should this ratio drop below the required amount, the lenders may request that Teekay Tankers either prepay a portion of the loan in the amount of the shortfall or provide additional collateral in the amount of the shortfall, at Teekay Tankers' option. As at September&#160;30, 2024, the hull coverage ratio was not applicable due to no balance being drawn. In addition, Teekay Tankers is required to maintain a minimum liquidity (cash, cash equivalents and undrawn committed revolving credit lines with at least six months to maturity) of the greater of $35.0&#160;million and at least 5% of Teekay Tankers' total consolidated debt. As at September&#160;30, 2024, Teekay Tankers was in compliance with all covenants in respect of the 2023 Revolver.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_55"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">8.     Leases</font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Operating Leases</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company charters-in vessels from other vessel owners on time charter-in contracts, whereby the vessel owner provides use and technical operation of the vessel for the Company, and also on bareboat-in contracts, whereby the registered owner provides the vessel to the Company during which the Company is entirely responsible for the operation of the vessel including technical services and the crew required for operation. Time charter-in contracts and bareboat-in contracts are typically for a fixed period of time, although in certain cases the Company may have the option to extend the charter. The Company typically pays the owner a daily hire rate that is fixed over the duration of the charter. With regards to time charter-in contracts, the Company is generally not required to pay the daily hire rate during periods the vessel is not able to operate, whereas this does not generally apply to bareboat-in contracts.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024, minimum commitments to be incurred by the Company under time-charter-in contracts and bareboat-in contracts were approximately $16.0 million (remainder of 2024), $43.4 million (2025), $21.1 million (2026), $13.5 million (2027), $8.5 million (2028) and $7.4 million (thereafter), including one bareboat contract that was entered into by the Company in September 2024 for a chartered-in bunker tanker that is expected to deliver to the Company in the fourth quarter of 2024.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Obligations Related to Finance Leases</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;margin-top:2pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;margin-top:2pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Obligations related to finance leases</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">140,811</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Less&#58; unamortized discount and debt issuance costs</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,212)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Total obligations related to finance leases</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">139,599</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Less&#58; current portion</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(20,517)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Long-term obligations related to finance leases</font></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">119,082</font></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024, Teekay Tankers had no remaining sale-leaseback financing transactions. The eight vessels that Teekay Tankers had under sale-leaseback financing transactions as at December 31, 2023 were repurchased and delivered in March 2024 for a total cost of $137.0&#160;million, pursuant to repurchase options under related sale-leaseback arrangements.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_58"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">9.   Derivative Instruments and Hedging Activities </font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As deemed appropriate, the Company from time to time uses derivative instruments to manage certain risks in accordance with its overall risk management policies.</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Foreign Exchange Risk</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">From time to time, the Company economically hedges portions of its forecasted expenditures denominated in foreign currencies with foreign currency forward contracts. As at September&#160;30, 2024, the Company was not committed to any foreign currency forward contracts.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Forward Freight Agreements</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As deemed appropriate, the Company from time to time uses forward freight agreements (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">FFAs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) in non-hedge-related transactions to increase or decrease its exposure to spot tanker market rates, within defined limits. Net gains and losses from FFAs are recorded within realized and unrealized loss on derivative instruments in the Company's unaudited consolidated statements of income. As at September&#160;30, 2024, the Company maintains restricted cash deposits relating to FFAs (see note 17)&#59; however, the Company was not committed to any FFAs.</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Interest Rate Risk</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">From time to time, the Company enters into interest rate swap agreements, which exchange a receipt of floating-rate interest for a payment of fixed-rate interest, to reduce the Company&#8217;s exposure to interest rate variability on its outstanding floating-rate debt. As at September&#160;30, 2024, the Company was not committed to any interest rate swap agreements.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Tabular Disclosure</font></div><div style="margin-top:5pt;padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Realized and unrealized gains (losses) from derivative instruments that are not designated for accounting purposes as cash flow hedges are recognized in earnings and reported in other - net in the unaudited consolidated statements of income as follows&#58;</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Realized gains (losses) relating to&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest rate swap agreement</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">953</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest rate swap agreement termination </font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,215</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Forward freight agreements</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,158</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Unrealized gains (losses) relating to&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest rate swap agreement</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,709)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,709)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Total realized and unrealized gains on derivative instruments</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 43pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">449</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_61"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">10.   Fair Value Measurements </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">For a description of how the Company estimates fair value and for a description of the fair value hierarchy levels, see &#34;Item 18 &#8211; Financial Statements&#58; Note&#160;10&#34; in the Company&#8217;s Annual Report on Form 20-F for the year ended December&#160;31, 2023.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table includes the estimated fair value, carrying value and categorization using the fair value hierarchy of those assets and liabilities that are measured at fair value on a recurring and non-recurring basis, as well as the estimated fair value of the Company&#8217;s financial instruments that are not accounted for at fair value on a recurring basis.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:520.50pt"><tr><td style="width:1.0pt"></td><td style="width:210.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:54.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr style="height:45pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair<br>Value<br>Hierarchy<br>Level</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying<br>Amount<br>Asset<br>(Liability)<br>$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair<br>Value<br>Asset<br>(Liability)<br>$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying<br>Amount<br>Asset<br>(Liability)<br>$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair<br>Value<br>Asset<br>(Liability)<br>$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Recurring</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;padding-left:15pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Cash, cash equivalents and restricted cash (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">note 16</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Level&#160;1</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">692,321</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">692,321</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">480,771</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">480,771</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Short-term investments </font></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Level 1</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52,277</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52,277</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">172,604</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">172,604</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Obligation relating to EU ETS (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">note 6</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Level 1</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4,753)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;padding-left:24pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Other</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 16pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Advances to equity-accounted joint venture &#8211; long-term</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Level 2</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">380</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;padding-left:24pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,880</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</font></div></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;padding-left:15pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Obligations related to finance leases, including current portion (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">note 8</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Level 2</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(139,599)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(143,968)</font></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:8.85pt">As part of the EU ETS requirements as described in note 1, for the nine months ended September&#160;30, 2024, the Company recorded an obligation related to EU ETS which was included as part of accrued liabilities and other in the unaudited consolidated balance sheet as at September&#160;30, 2024. This amount can include an accrual representing the difference between the total emissions liability and the carrying value of the EUAs held as at the end of the reporting period. The fair value of the accrual is estimated using the fair market value of an EUA that is traded on a regulated energy exchange at the end of the reporting period. As at September&#160;30, 2024, no such accrual was made as the total emissions liability was less than the carrying value of the EUAs held</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:8.85pt">In these unaudited consolidated financial statements, the Company&#8217;s advances to and investments in equity-accounted investments form the aggregate carrying value of the Company&#8217;s interests in entities accounted for by the equity method. As at September&#160;30, 2024 and December&#160;31, 2023, the fair value of the individual components of such aggregate interests is not determinable.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company is exposed to credit loss in the event of non-performance by the financial institutions where its cash, cash equivalents and short-term investments are held. In order to minimize credit risk, the Company only places deposits and short-term investments with counterparties that are rated A- or better by Standard &#38; Poor&#8217;s or A3 or better by Moody&#8217;s at the time of the transaction. In addition, to the extent practical, cash deposits and short-term investments are held by and entered into with, as applicable, different counterparties to reduce concentration risk.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_64"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">11.   Share Capital</font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The authorized share capital of Teekay as at September&#160;30, 2024 and December&#160;31, 2023 was 25 million preference shares, with a par value of $1 per share, and 725 million common shares, with a par value of $0.001 per share. As at September&#160;30, 2024 and December&#160;31, 2023, Teekay had no preference shares that were issued and outstanding.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In August 2022, Teekay announced that its Board of Directors had authorized the repurchase of up to $30&#160;million of its common shares in the open market and other transactions. Following the completion of this share repurchase program in March 2023, Teekay's Board of Directors authorized three additional share repurchase programs in March 2023, June 2023, and September 2024 for the repurchase of up to an additional $30 million, $25 million, and $40 million, respectively, of Teekay common shares in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the SEC. In October 2024, Teekay's Board of Directors authorized an additional share repurchase program of up to $40 million.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the three and nine months ended September&#160;30, 2024, Teekay repurchased approximately 4.2&#160;million common shares for $35.4&#160;million, or an average of $8.39 per share, pursuant to Teekay's repurchase programs, which resulted in the Company recording a reduction of book value of share capital of $39.5&#160;million and a reduction to accumulated deficit of $4.0&#160;million. As at September&#160;30, 2024 and prior to authorization of the October 2024 repurchase program, the total remaining share repurchase authorization was $23.8&#160;million.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the year ended December&#160;31, 2023, Teekay repurchased approximately 8.9 million common shares for $50.7&#160;million, or an average of $5.69 per share, pursuant to such authorizations, which resulted in the Company recording a reduction of book value of share capital of $84.3&#160;million and a reduction to accumulated deficit of $33.6&#160;million.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_970"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">12</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">.   </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Equity Transactions Related to Teekay Tankers</font></div><div><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In the three and nine months ended September&#160;30, 2024, Teekay Parent purchased 373,228 of Teekay Tankers Class A common shares through open market purchases for $21.3 million at an average price of $56.98 per share. In the nine months ended September 30, 2023, Teekay Parent purchased 132,479 of Teekay Tankers Class A common shares through open market purchases for $4.8&#160;million at an average price of $35.95 per share. Teekay purchased additional Teekay Tankers Class A common shares in October 2024 (see note 19).</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As a result of the share transactions related to Teekay Tankers, the Company recorded an increase to accumulated deficit of approximately $2.3 million during the three and nine months ended September&#160;30, 2024, and an increase to accumulated deficit of $0.5 million for the nine months ended September 30, 2023. These amounts represent Teekay's net dilution losses from the Teekay Tankers share transactions.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 15</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_67"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">13.   Gain on Sale of Assets </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay Tankers completed the sale of one Aframax &#47; LR2 tanker for $23.5&#160;million, with Teekay Tankers recognizing a related gain on sale of $11.6&#160;million.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay Tankers agreed to sell one Aframax &#47; LR2 tanker and one Suezmax tanker for a combined sales price of $64.8 million and both tankers were classified as held for sale as at September&#160;30, 2024 (see note 19).</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_70"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">14.   Restructuring Charges </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the three and nine months ended September&#160;30, 2024, the Company recorded restructuring charges of $5.6&#160;million (2023 - $nil and $1.7 million). The 2024 charges were primarily related to changes made to Teekay Tankers' senior management team. The 2023 charges were primarily related to organizational changes made to the Company's commercial and technical operations teams. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024 and December&#160;31, 2023, $3.3 million and $0.7 million, respectively, of restructuring liabilities were included in accrued liabilities and other on the unaudited consolidated balance sheets.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_73"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">15.   Income Tax (Expense) Recovery </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The components of the provision for income tax expense are as follows&#58;</font></div><div style="padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:517.50pt"><tr><td style="width:1.0pt"></td><td style="width:214.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:70.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:70.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:70.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:70.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Current </font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(810)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,853</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,049)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,489)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">353</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">256</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">650</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">906</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income tax (expense) recovery</font></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(457)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,109</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,399)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(9,583)</font></td></tr></table><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table reflects changes in uncertain tax positions relating to freight tax liabilities, which are recorded in other long-term liabilities and accrued and other liabilities in the Company's unaudited consolidated balance sheets&#58;</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:312.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:100.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at January 1</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">47,813</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">42,477</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Increases for positions related to the current year</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,695</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,438</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Increases for positions related to prior years</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,448</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,145</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Decreases for positions taken in prior years</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,303)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,155)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Decrease related to expiry of limitation period</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,730)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 37pt 0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,443)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Foreign exchange gain</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,455)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,258)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Balance as at September 30</font></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">43,468</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">46,204</font></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Included in the Company's current income tax expense are provisions for uncertain tax positions relating to freight taxes. Positions relating to freight taxes can vary each period depending on the trading patterns of the Company's vessels.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company reviews its freight tax obligations on a regular basis and may update its assessment of its tax positions based on available information at that time. Such information may include legal advice as to the applicability of freight taxes in relevant jurisdictions. Freight tax regulations are subject to change and interpretation&#59; therefore, the amounts recorded by the Company may change accordingly. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 16</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_76"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">16.  Net Income Per Share </font></div><div style="padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:522.00pt"><tr><td style="width:1.0pt"></td><td style="width:241.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:67.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:66.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:64.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:64.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net income attributable to the shareholders of Teekay </font></div><div style="padding-left:9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Corporation - basic</font></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,072</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,158</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">108,528</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">115,259</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr style="height:29pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Reduction in net earnings due to dilutive impact of equity-based awards in Teekay Tankers</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(129)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(251)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(875)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,377)</font></td></tr><tr style="height:20pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net income attributable to the shareholders of Teekay Corporation - diluted</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19,943</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,907</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">107,653</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">113,882</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Weighted average number of common shares</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"> (1)</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">92,358,742</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">92,775,107</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">92,759,009</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">95,210,081</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Dilutive effect of equity-based awards</font></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,885,252</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,086,401</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,063,023</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,133,522</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Common shares and common share equivalents </font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,243,994</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,861,508</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,822,032</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">97,343,603</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net income per common share </font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;- Basic</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.22</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.28</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1.17</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1.21</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;- Diluted </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.21</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.27</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1.14</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1.17</font></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(1) Includes 897,798 common shares related to non-forfeitable equity-based awards for the three and nine months ended September 30, 2024 (three and nine months ended September 30, 2023 - 809,997 common shares).</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Equity-based awards that have an anti-dilutive effect on the calculation of diluted income per common share are excluded from diluted income per common share. For the three and nine months ended September&#160;30, 2024, 1.8&#160;million and 2.0&#160;million common shares, respectively, from equity-based awards (three and nine months ended September&#160;30, 2023 - 2.8&#160;million and 2.3&#160;million common shares, respectively) were excluded from the computation of diluted earnings per common share for these periods, as including them would have had an anti-dilutive impact. </font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_79"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">17.  Supplemental Cash Flow Information </font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Total cash and cash equivalents and restricted cash are as follows&#58;</font></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:521.25pt"><tr><td style="width:1.0pt"></td><td style="width:162.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:85.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:85.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:85.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:85.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.25pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.25pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2022</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">691,654</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">480,080</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">416,025</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">309,857</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash &#8211; current </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">667</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">691</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">691</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,714</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash &#8211; non-current</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,135</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">692,321</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">480,771</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">416,716</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">316,706</font></td></tr></table></div><div style="margin-top:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">        (1)&#160;&#160;&#160;&#160;The Company maintains restricted cash deposits relating to FFAs (see note 9).</font></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">        (2)&#160;&#160;&#160;&#160;The Company maintained restricted cash deposits relating to obligations related to finance leases as described in note 8.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company entered into new or extended operating leases, primarily for chartered-in vessels, which resulted in the recognition of additional operating lease right-of-use assets and operating lease liabilities of $8.4&#160;million and $68.5&#160;million, during the nine months ended September&#160;30, 2024 and September&#160;30, 2023, respectively.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_82"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">18.   Commitments and Contingencies </font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">a)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%;padding-left:10.45pt">Liquidity</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Management is required to assess if the Company will have sufficient liquidity to continue as a going concern for the one-year period following the issuance of these unaudited consolidated financial statements. Based on the Company's liquidity as at the date these unaudited consolidated financial statements were issued, and the expected cash flows to be generated from the Company's operations over the following year, the Company estimates that it will have sufficient liquidity to meet its minimum liquidity requirements under its financial covenants and to continue as a going concern for at least a one-year period following the issuance of these unaudited consolidated financial statements.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 17</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">b)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%;padding-left:9.98pt">Legal Proceedings and Claims</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company may, from time to time, be involved in legal proceedings&#160;and claims that arise in the ordinary course of&#160;business.&#160;The Company believes that any adverse outcome of existing claims, individually or in the aggregate, would&#160;not have a material effect on its financial position, results of operations or cash flows, when taking&#160;into account&#160;its&#160;insurance coverage and indemnifications from&#160;charterers. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">c)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%;padding-left:10.45pt">Other</font></div><div><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The Company enters into indemnification agreements with certain officers and directors. In addition, the Company enters into other indemnification agreements in the ordinary course of business. The maximum potential amount of future payments required under these indemnification agreements is unlimited. However, the Company maintains what it believes is appropriate liability insurance that reduces its exposure and enables the Company to recover future amounts paid up to the maximum amount of the insurance coverage, less any deductible amounts pursuant to the terms of the respective policies, the amounts of which are not considered material.</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_85"></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">19.  Subsequent Events</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">a.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:10.92pt">During October 2024, Teekay repurchased 2,703,233 common shares for $23.8&#160;million, or an average of $8.81 per share, pursuant to a share repurchase program of the Company.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">b.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:10.92pt">During October 2024, Teekay Parent purchased 476,304 of Teekay Tankers' Class A common shares through open market purchases for $28.7&#160;million at an average price of $60.33 per share.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">c.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:11.39pt">In October 2024, Teekay Tankers completed the sale of one Suezmax tanker for $34.0 million. The vessel and its related bunker and lube oil inventory were classified as held for sale in the unaudited consolidated balance sheets as at September 30, 2024 (note 13).</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">d.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:10.92pt">In October 2024, Teekay Parent and Teekay Tankers reached an agreement related to (a) the sale to Teekay Tankers of Teekay Parent's Australian operations for a purchase price of $65.0 million plus any working capital adjustments, and (b) the transfer to Teekay Tankers of all Teekay Parent's management service companies not currently owned by Teekay Tankers for a purchase price equal to the working capital value of the entities being transferred. These transactions, which are subject to customary closing conditions, are expected to be completed by December 31, 2024.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 18</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_88"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">ITEM&#160;2 &#8211; MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_91"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the unaudited interim consolidated financial statements (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">unaudited consolidated financial statements</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) and accompanying notes contained in &#8220;Item 1 &#8211; Financial Statements&#8221; of this Report on Form 6-K and with our audited consolidated financial statements contained in &#8220;Item 18 &#8211; Financial Statements&#8221; and with Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations in &#8220;Item 5 &#8211; Operating and Financial Review and Prospects&#8221; in our Annual Report on Form 20-F for the year ended December&#160;31, 2023. Included in our Annual Report on Form 20-F is important information about items that you should consider when evaluating our results, including an explanation of our organizational structure, information about the types of contracts we enter into and certain non-GAAP measures we utilize to measure our performance. Unless otherwise indicated, references in this report to &#8220;Teekay,&#8221; &#34;Teekay Corporation&#34;, the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; and similar terms refer to Teekay Corporation Ltd. and its subsidiaries. Teekay and its current subsidiaries, other than Teekay Tankers, are referred to herein as &#34;Teekay Parent&#34;.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Overview</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay currently provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (NYSE&#58; TNK) (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Teekay Tankers</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), one of the world&#8217;s largest owners and operators of mid-sized crude oil tankers. As at September&#160;30, 2024, we owned 5,542,013 Class A common shares and 4,625,997 Class B common shares in Teekay Tankers, representing a 29.6% economic interest and a majority of its voting power. During October 2024, Teekay Parent purchased 476,304 of Teekay Tankers Class A common shares through open market purchases increasing Teekay's economic and voting control of Teekay Tankers to 31.0% and 55.1%, respectively.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">Teekay Parent has been operating in Australia for over 25 years, providing various marine services to the Commonwealth of Australia and other Australian companies&#59; Teekay Parent is one of the largest employers of Australian seafarers. Our marine services business in Australia provides operations, supply, maintenance and engineering support, and crewing and training services, primarily under long-term contracts with the Commonwealth of Australia for ten Australian government-owned vessels. In addition, we provide crewing services for a third-party-owned FPSO unit in Western Australia, and, commencing in the fourth quarter of 2024, will provide commercial, technical and crew management services for a bunker tanker chartered out to a third party by Teekay Tankers. Teekay has developed extensive industry experience and industry-leading capabilities over its 50-year history and has significant financial strength and flexibility. In October 2024, Teekay Parent agreed to sell its Australian ship management business for $65.0 million plus any working capital adjustments, to Teekay Tankers along with all of Teekay Parent's management services companies not currently owned by Teekay Tankers for a purchase price equal to the working capital value of the entities being transferred. These transactions are subject to customary closing conditions and are expected to be completed by December 31, 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent's assets primarily consist of our controlling interest in publicly-listed Teekay Tankers, our marine services business in Australia (which we have agreed to sell to Teekay Tankers) and a net cash and short-term investments position of approximately $281 million as at September&#160;30, 2024. We believe Teekay and Teekay Tankers' strong balance sheets, together with Teekay Tankers' fully integrated operating model with both commercial and technical management in-house, positions us well to pursue future shipping investments where we believe we can leverage our operating franchise and the proven capabilities of the Teekay platform to create long-term shareholder value.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">On October 1, 2024, each of Teekay Corporation Ltd. and Teekay Tankers transferred its legal domicile by changing its jurisdiction of incorporation from the Republic of the Marshall Islands to Bermuda. In accordance with Bermudian legal requirements, we concurrently changed our name from &#34;Teekay Corporation&#34; to &#34;Teekay Corporation Ltd.&#34; Following the redomiciliation, each of Teekay Corporation Ltd. and Teekay Tankers is registered with the Bermuda Registrar of Companies as an exempted company.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">ITEMS YOU SHOULD CONSIDER WHEN EVALUATING OUR RESULTS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">There are a number of factors that should be considered when evaluating our historical financial performance and assessing our future prospects and we use a variety of financial and operational terms and concepts when analyzing our results of operations. These items can be found in &#34;Item&#160;5 &#8211; Operating and Financial Review and Prospects&#8221; in our Annual Report on Form 20-F for the year ended December&#160;31, 2023.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Please see &#8220;Item 3 - Key Information - Risk Factors&#8221; in our Annual Report on Form 20-F for the year ended December&#160;31, 2023 for information about risks to us and our business, including risks relating to political instability, terrorist or other attacks, war or international hostilities and the conflicts in Israel&#47;Gaza Strip and Ukraine.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">RECENT DEVELOPMENTS AND RESULTS OF OPERATIONS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table (a) presents revenues and income (loss) from vessel operations for Teekay Tankers and Teekay Parent, and (b) reconciles these amounts to our unaudited consolidated financial statements. Please read &#34;Item 1 &#8211; Financial Statements&#58; Note 4 &#8211; Segment Reporting&#34; for information about our lines of business and segments.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 19</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:537.75pt"><tr><td style="width:1.0pt"></td><td style="width:138.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Revenues </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income (loss) from Vessel Operations</font></td></tr><tr style="height:12pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months ended</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months ended</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in thousands of U.S. Dollars)</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Tankers</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">243,278</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">285,858</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">878,211</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,051,161</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,465</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,575</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">293,841</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">422,997</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Teekay Parent</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,341</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,824</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">85,597</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">74,622</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(273)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(321)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,072</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,239)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Corporation Consolidated</font></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">272,619</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">311,682</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">963,808</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,125,783</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,192</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,254</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">294,913</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">418,758</font></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Summary</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay's consolidated income from vessel operations was $294.9 million for the nine months ended September&#160;30, 2024, compared to consolidated income from vessel operations of $418.8 million for the same period of the prior year. The primary reasons for this change in our consolidated income from vessel operations are as follows&#58; </font></div><div style="margin-top:3pt;text-align:center"><img alt="chart-9fbd8967fee843998bb.jpg" src="chart-9fbd8967fee843998bb.jpg" style="height:350px;margin-bottom:5pt;vertical-align:text-bottom;width:710px"><font style="background-color:#ffff00;color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">a decrease of $108.9 million as a result of lower overall average realized spot &#34;time-charter equivalent&#34; (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">TCE</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) rates earned by Teekay Tankers' Suezmax tankers and Aframax &#47; Long Range 2 (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">LR2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) tankers in the first three quarters of 2024 compared to the same period in the prior year&#59; </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">a decrease of $20.1 million due to a reduction in Teekay Tankers' fleet related to the sale of two Aframax &#47; LR2 tankers during the fourth quarter of 2023 and the first quarter of 2024&#59; and</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">a decrease of $7.1 million in Teekay Tankers due to more off-hire days and off-hire bunker expenses during the first three quarters of 2024, primarily related to more scheduled dry dockings compared to the same period in the prior year&#59;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">partially offset by&#58;</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">an increase of $11.6 million from Teekay Tankers' gain on sale of one of the above-mentioned Aframax &#47; LR2 tankers in the first quarter of 2024.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_94"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Teekay Tankers</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As at September&#160;30, 2024, Teekay Tankers owned 43 double-hulled oil and product tankers and time chartered-in five Aframax &#47; LR2 tankers and one Suezmax tanker. Teekay Tankers also owns a 50% interest in one Very Large Crude Carrier (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">VLCC</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">).</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 20</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Recent Developments in Teekay Tankers</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Senior Management Team Change</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In August 2024, </font><font style="color:#2e3337;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers made changes to its senior management team, including the appointments of Kenneth Hvid as President and Chief Executive Officer, Brody Speers as Chief Financial Officer, and Mikkel Seidelin as Chief Commercial Officer. Messrs. Hvid and Speers also serve as Teekay&#8217;s President and CEO and CFO, respectively.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Vessel Sales</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the fourth quarter of 2023, Teekay Tankers agreed to sell one Aframax &#47; LR2 tanker for $23.5 million, which resulted in a gain on sale of $11.6 million during the nine months ended September 30, 2024. The tanker, which was classified as held for sale as at December 31, 2023, was delivered to its new owner in February 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In May 2024, Teekay Tankers agreed to sell one Aframax &#47; LR2 tanker and one Suezmax tanker for a combined sales price of $64.8 million. Both tankers were classified as held for sale as at September 30, 2024. The Suezmax tanker was delivered to its new owner in October 2024, and the Aframax &#47; LR2 tanker is expected to be delivered to the purchaser between the fourth quarter of 2024 and first quarter of 2025. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Vessel Sale-Leaseback Repurchases</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In March 2024, Teekay Tankers completed the repurchase of eight Suezmax tankers for a total cost of $137.0 million, pursuant to repurchase options under related sale-leaseback arrangements. Currently, the eight vessels are unencumbered.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Vessel Acquisition</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In July 2024, Teekay Tankers completed the acquisition of one 2021-built Aframax &#47; LR2 tanker for a purchase price of $70.5 million.</font></div><div style="text-align:justify"><font style="color:#ee2724;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Time Chartered-in Vessels</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In May 2024, Teekay Tankers extended one chartered-in contract for an Aframax &#47; LR2 tanker for 12 months at a rate of $34,000 per day and secured an additional 12-month optional period at the same daily rate.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the third quarter of 2024, two chartered-in Aframax &#47; LR2 tankers were redelivered to their owners following the expiry of their time chartered-in contracts.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Time Chartered-out Vessel</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the second quarter of 2024, Teekay Tankers entered into a one-year time charter-out contract for an Aframax &#47; LR2 tanker at a rate of $49,750 per day which commenced at the beginning of June 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Bunker Tanker Bareboat and Time Charter Agreements</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In September 2024, Teekay Tankers entered into an agreement to bareboat in a bunker tanker for a period of four and a half years. At the same time, Teekay Tankers entered into a commercial, technical and crew management agreement with a subsidiary of Teekay, as well as an agreement to time charter-out this bunker tanker to a third party for a corresponding period at a rate that is equal to the bareboat cost plus an additional operational element, which is subject to certain escalations each year. The bunker tanker is expected to deliver during the fourth quarter of 2024, at which time the various agreements will commence.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">European Union Emissions Trading System (or EU ETS)</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Since January 1, 2024, as part of its compliance with the EU ETS requirements, Teekay Tankers has acquired EU allowances (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">EUAs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) related to greenhouse gas emissions from its vessels and those vessels subject to revenue sharing agreements (</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">or RSAs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) that trade to, from, and within the EU and European Economic Area. During the nine months ended September&#160;30, 2024, Teekay Tankers acquired EUAs for a cost of $4.9 million. As at September&#160;30, 2024, these intangible assets are recorded as other current assets in the unaudited consolidated balance sheet. As at September 30 2024, Teekay Tankers recorded an accrued liability in relation to its obligation under EU ETS of $4.8 million, which is included in accrued liabilities and other in the unaudited consolidated balance sheet. In addition, Teekay Tankers recorded voyage expenses of $1.5 million and $4.8 million for the three and nine months ended September&#160;30, 2024, respectively.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 21</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Operating Results &#8211; Teekay Tankers</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In accordance with GAAP, Teekay Tankers reports gross revenues in its unaudited consolidated statements of income and includes voyage expenses among its operating expenses. However, ship-owners base economic decisions regarding the deployment of their vessels upon anticipated TCE rates, which represent net revenues (or income from operations before vessel operating expenses, time-charter hire expenses, depreciation and amortization, general and administrative expenses, gain or loss on sale and write-down of assets, and restructuring charges), which includes voyage expenses, divided by revenue days. In addition, industry analysts typically measure bulk shipping freight and hire rates in terms of TCE rates. This is because under time charter-out contracts the customer usually pays the voyage expenses, while under voyage charters the ship-owner usually pays the voyage expenses, which typically are added to the hire rate at an approximate cost. Accordingly, the discussion of revenue below focuses on net revenues and TCE rates (both of which are non-GAAP financial measures) where applicable</font><font style="color:#ee2724;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table compares Teekay Tankers&#8217; operating results, equity income and number of calendar-ship-days for its vessels for the three and nine months ended September&#160;30, 2024 and 2023&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:539.25pt"><tr><td style="width:1.0pt"></td><td style="width:189.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in thousands of U.S. Dollars, except calendar-ship-days)</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months ended</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended</font></td></tr><tr style="height:12pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Revenues </font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">243,278</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">285,858</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">878,211</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,051,161</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Voyage expenses </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(93,984)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(113,274)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(310,612)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(355,543)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net revenues </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">149,294</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">172,584</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">567,599</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">695,618</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Vessel operating expenses </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38,091)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(36,366)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(113,942)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(112,348)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Time-charter hire expenses</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(18,465)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(19,378)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(57,651)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(51,014)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(23,445)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(24,565)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,136)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(72,924)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,876)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,700)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38,678)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(35,087)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gain on sale of vessel</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,601</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restructuring charges</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,952)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,952)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,248)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income from vessel operations</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,465</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,575</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">293,841</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">422,997</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Equity (loss) income</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(121)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">666</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,152</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,916</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Calendar-Ship-Days </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,580</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,784</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,691</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,964</font></td></tr></table></div><div style="margin-top:3pt;padding-left:22.5pt;text-align:justify;text-indent:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:13.77pt">This is a non-GAAP financial measure. Please refer to &#34;Item 2 &#8211; Management's Discussion and Analysis of Financial Condition and Results of Operations - Non-GAAP Financial Measure&#34; for a definition and reconciliation of this non-GAAP financial measure to the most directly comparable financial measure calculated and presented in accordance with GAAP.</font></div><div style="margin-top:3pt;padding-left:22.5pt;text-align:justify;text-indent:-22.5pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:13.35pt">Calendar-ship-days presented relate to only owned and chartered-in consolidated vessels.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Net Revenues</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Net revenues were $149.3&#160;million and $567.6&#160;million for the three and nine months ended September&#160;30, 2024, respectively, compared to $172.6&#160;million and $695.6&#160;million for the same periods in the prior year.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The decreases for the three and nine months ended September&#160;30, 2024 compared to the same periods in the prior year were primarily the result of&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">decreases of $11.5 million and $108.9 million for the three and nine months ended September&#160;30, 2024, respectively, due to lower overall average realized spot rates earned by Teekay Tankers' Suezmax tankers and Aframax &#47; LR2 tankers compared to the same periods in the prior year&#59;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">net decreases of $7.3 million and $20.2 million for the three and nine months ended September&#160;30, 2024, respectively, due to the sale of two Aframax &#47; LR2 tankers during the fourth quarter of 2023 and the first quarter of 2024, partially offset by the addition of three Aframax &#47; LR2 chartered-in tankers that were delivered to Teekay Tankers during the first quarter of 2023 and the acquisition of one Aframax &#47; LR2 tanker in the third quarter of 2024&#59; and<br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">decreases of $6.9 million and $7.1 million for the three and nine months ended September&#160;30, 2024, respectively, due to more off-hire days related to the timing of scheduled dry dockings compared to the same period in the prior year&#59; </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">partially offset by&#58;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">an increase of $2.2 million for the nine months ended September&#160;30, 2024 due to one extra calendar day compared to the same period in the prior year&#59;</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 22</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">an increase of $1.7 million for both three and nine months ended September&#160;30, 2024 due to payments related to commercial claims from charterers, received during the third quarter of 2023&#59; </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">a net increase of $1.2 million for the nine months ended September&#160;30, 2024 primarily due to certain vessels returning from time charter-out contracts during the first quarter of 2023 and the second quarter of 2024 and earning a higher average rate compared to the previous rate&#59; and</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">increases of $0.8 million and $3.0 million for the three and nine months ended September&#160;30, 2024, respectively, due to a higher volume of STS support service activities compared to the same periods in the prior year.</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Vessel Operating Expenses</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Vessel operating expenses were $38.1 million and $113.9 million for the three and nine months ended September&#160;30, 2024, respectively, compared to $36.4 million and $112.3 million for the same periods in the prior year.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The increases for the three and nine months ended September&#160;30, 2024 compared to the same periods in the prior year were primarily the result of&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">increases of $2.2 million and $3.6 million for the three and nine months ended September&#160;30, 2024, respectively, resulting from higher costs for maintenance and communication services, as well as higher compensation expenditures for ship management&#59; and</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">an increase of $0.7 million for the nine months ended September 30, 2024 related to higher costs for insurance and crew-related expenditures&#59;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">partially offset by&#58;</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%;padding-left:15.03pt">net decreases of $0.3 million and $2.6 million for the three and nine months ended September&#160;30, 2024, respectively, resulting from the sale of two Aframax &#47; LR2 tankers during the fourth quarter of 2023 and the first quarter of 2024, as well as the acquisition of one Aframax &#47; LR2 vessel in the third quarter of 2024. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Time-charter Hire Expenses</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Time-charter hire expenses were $18.5 million and $57.7 million for the three and nine months ended September&#160;30, 2024, respectively, compared to $19.4 million and $51.0 million for the same periods in the prior year. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">The fluctuations for the three and nine months ended September&#160;30, 2024 compared to the same periods in the prior year were primarily the result of&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%;padding-left:15.03pt">a decrease of $1.6 million for both three and nine months ended September&#160;30, 2024 resulting from the redelivery of two chartered-in tankers to their owners during the third quarter of 2024&#59;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%;padding-left:15.03pt">increases of $0.9 million and $2.9 million for three and nine months ended September&#160;30, 2024, respectively, resulting from an increase in daily hire rates for certain Aframax &#47; LR2 tankers after extending their chartered-in contracts during the second half of 2023 and first half of 2024&#59;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%;padding-left:15.03pt">an increase of $4.2 million for nine months ended September&#160;30, 2024 resulting from the addition of three Aframax &#47; LR2 chartered-in tankers that were delivered to Teekay Tankers during the first quarter of 2023&#59; and</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%;padding-left:15.03pt">an increase of $1.1 million for nine months ended September&#160;30, 2024 due to more hire days for chartered-in tankers during the first three quarters of 2024 resulting from the timing of scheduled dry dockings.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Depreciation and Amortization</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">. Depreciation and amortization were $23.4 million and $69.1 million for the three and nine months ended September&#160;30, 2024, respectively, compared to $24.6 million and $72.9 million for the same periods in the prior year. The decreases were primarily due to one Aframax &#47; LR2 tanker and one Suezmax tanker being classified as held for sale since the first quarter of 2024, as well as the sale of two Aframax &#47; LR2 tankers during the fourth quarter of 2023 and first quarter of 2024, partially offset by the acquisition of one Aframax &#47; LR2 tanker in the third quarter of 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">General and Administrative Expenses</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">. General and administrative expenses were $10.9 million and $38.7 million for the three and nine months ended September&#160;30, 2024, respectively, compared to $10.7 million and $35.1 million for the same periods in the prior year. The increases were primarily due to higher expenditures related to compensation, benefits and payroll taxes.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Gain on Sale of Vessel</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">. </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The gain on sale of vessel of $11.6 million for the nine months ended September&#160;30, 2024 was related to the sale of one Aframax &#47; LR2 tanker in February 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Restructuring Charges</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Restructuring charges were $6.0&#160;million for the three and nine months ended September&#160;30, 2024, compared to $nil and $1.2 million for the same periods in the prior year. The restructuring charges for the three and nine months ended September&#160;30, 2024 were related to changes made to Teekay Tankers' senior management team. Restructuring charges for the nine months ended September&#160;30, 2023, were related to organizational changes made to Teekay Tankers' commercial and technical operations teams.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Equity (Loss) Income</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">. There was an equity loss of $0.1 million and equity income of $2.2 million for the three and nine months ended September&#160;30, 2024, respectively, compared to equity income of $0.7 million and $2.9 million for the same periods in the prior year. The change in results was primarily due to lower spot rates realized by Teekay Tankers' 50% ownership interest in a VLCC, which has been trading in a third-party managed VLCC pooling arrangement, as well as off-hire days resulting from repairs completed in the third quarter of 2024.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 23</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Tanker Market </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Mid-size crude tanker spot rates fell seasonally during the third quarter of 2024 but remained well above long-term average levels. Lower crude oil export volumes due to seasonal and various short-term factors led to reduced tanker tonne-mile demand through summer while the onset of autumn refinery maintenance also impacted demand towards the end of the quarter. However, rates have firmed at the start of the fourth quarter of 2024, in line with seasonal norms, and we expect rates to remain well supported through the winter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Seaborne crude oil trade flows declined by approximately 1 million barrels per day (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">mb&#47;d</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) during the third quarter of 2024. OPEC+ supply cuts continued to weigh on volumes from the Middle East, compounded by reduced exports from Saudi Arabia as more oil was used domestically for power generation. Lower exports from the North Sea and Brazil due to offshore oilfield maintenance and lower volumes from the U.S. Gulf due to adverse weather and high domestic demand also weighed on crude tanker demand. Finally, volumes from Libya declined during September as a dispute between the two regional governments cut exports in half. However, most of these supply issues seem to be in the process of being resolved, and we expect a steady increase in seaborne crude oil trade volumes through the remainder of the year which, coupled with normal seasonal weather delays, should support crude tanker spot rates in the coming months.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Global oil demand is projected to grow by 1.2 mb&#47;d in 2024 and 1.3 mb&#47;d in 2025 as per the average of forecasts from the International Energy Agency (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">IEA</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), the U.S. Energy Information Administration (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">EIA</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) and OPEC. This is lower than last quarter&#8217;s forecast, primarily due to lower-than-expected Chinese oil demand. However, the Chinese government recently announced an economic stimulus package which could lead to a recovery in local oil demand and, therefore, crude oil import volumes by China. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Oil supply from non-OPEC+ countries is projected to increase by 1.5 mb&#47;d in both 2024 and 2025 as per the IEA, with the majority of growth led by the United States, Brazil, Guyana, and Canada. Export growth from Canada is being supported by the commencement in May 2024 of operations of the Trans Mountain Pipeline Expansion (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">TMX</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), which has averaged around 20 Aframax loadings per month, with volumes largely flowing to the U.S. West Coast and Asia. In addition to higher non-OPEC+ supply, volumes from the OPEC+ group could rise from December 2024 onwards as the group has announced plans to start unwinding 2.2 mb&#47;d of voluntary production cuts over the course of the next 12 months, although the pace of the unwind will likely depend on future oil demand and price developments in the coming months. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Geopolitical events continue to shape crude oil trade flows, particularly in the Middle East, where ongoing attacks on shipping in the Red Sea region are causing a large number of tankers, particularly in the product sector, to divert around the Cape of Good Hope, thereby adding to voyage distances and boosting tanker tonne-mile demand. Recent events in the Middle East have the potential to further destabilize the region, which could impact oil production and shipping should they escalate. The full effects of any such disruption are uncertain, but they have the potential to further add to tanker market volatility in the near-term.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">2024 remains on track to be one of the lowest years for new tanker deliveries in recent history, with just 5.3 million deadweight tons (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">mdwt</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) delivered during the first nine months of the year. Deliveries are set to increase in 2025 and 2026 due to new vessel orders placed over the past 18-24 months&#59; however, at just under 13% of the existing fleet, the global orderbook is still well below the long-term average of around 20%. Furthermore, forward orderbook cover at the major shipyards currently stretches three years or more with a lack of available shipyard capacity until the second half of 2027. In addition, the global tanker fleet continues to get older, with the average age of the tanker fleet currently at its highest level since 2002. We believe the combination of a modest orderbook, limited shipyard capacity, and an aging fleet should ensure that tanker fleet growth remains at relatively low levels over the next two to three years.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In sum, we expect a period of firm tanker rates in the coming months due to an anticipated rebound in global seaborne crude oil trade volumes and normal seasonality through the winter. We believe that the medium-term outlook continues to look positive due to supportive tanker demand and supply fundamentals, with geopolitical events adding a further layer of volatility.</font></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_97"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Teekay Parent</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent's Marine Services and Other segment contains Teekay Parent's Australian operations, which provide operational and maintenance marine services in Australia to the Australian government, to another third-party, and, commencing in the fourth quarter of 2024, to Teekay Tankers for a bunker tanker, and Teekay Parent's corporate general and administrative expenses. As at September&#160;30, 2024, Teekay Parent had no direct interests in any vessels or FPSO units.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In October 2024, Teekay Parent and Teekay Tankers reached an agreement related to (a) the sale of Teekay Parent's Australian operations to Teekay Tankers for a purchase price of $65.0 million plus any working capital adjustments, and (b) the transfer to Teekay Tankers of all of Teekay Parent's management service companies not currently owned by Teekay Tankers for a purchase price equal to the working capital value of the entities being transferred. These transactions, which are subject to customary closing conditions, are expected to be completed by December 31, 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In October 2024, Teekay's Board of Directors declared a one-time special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on December 18, 2024 to all Teekay shareholders of record on December 4, 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In September 2024, Teekay Parent purchased 373,228 of Teekay Tankers Class A common shares through open market purchases for $21.3 million at an average price of $56.98 per share. During October 2024, Teekay Parent purchased 476,304 of Teekay Tankers Class A common shares through open market purchases for $28.7&#160;million at an average price of $60.33 per share increasing Teekay's economic and voting control of Teekay Tankers to 31.0% and 55.1%, respectively.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 24</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent delivered its last 100%-owned FPSO unit, the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Petrojarl Foinaven, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">to a European-based shipyard for green recycling in October 2022. The green recycling of the FPSO unit was completed in the third quarter of 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Operating Results &#8211; Teekay Parent</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following tables compare Teekay Parent&#8217;s operating results for the three and nine months ended September 30, 2024 and 2023&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:539.25pt"><tr><td style="width:1.0pt"></td><td style="width:189.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Marine Services and Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Marine Services and Other</font></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in thousands of U.S. Dollars)</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months ended</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended</font></td></tr><tr style="height:12pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Revenues</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,341</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,824</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">85,597</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">74,622</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Vessel operating expenses</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(26,872)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(23,021)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(74,798)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(68,053)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">General and administrative expenses </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,742)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,124)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(9,727)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,379)</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restructuring charges</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(429)</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income (loss) from vessel operations</font></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(273)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(321)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,072</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,239)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:22.5pt;text-indent:-22.5pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:13.35pt">Includes direct general and administrative expenses and indirect general and administrative expenses allocated to Teekay Parent based on estimated use of corporate resources.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The results from vessel operations for Teekay Parent&#8217;s Marine Services and Other segment were a loss of $0.3&#160;million and income of $1.1&#160;million for the three and nine months ended September 30, 2024, respectively, compared to losses from vessel operations of $0.3&#160;million and $4.2&#160;million, respectively, for the same periods in the prior year. The changes in results were primarily due to increases in income from vessel operations of $4.4 million for the nine months ended September&#160;30, 2024, from our ship management services in Australia.</font></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_100"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Other Consolidated Operating Results</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table compares our other consolidated operating results for the three and nine months ended September 30, 2024 and 2023&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:538.50pt"><tr><td style="width:1.0pt"></td><td style="width:307.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in thousands of U.S. Dollars)</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months ended</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended</font></td></tr><tr style="height:12pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(844)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,461)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,744)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(23,794)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,958</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,652</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,766</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,006</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other - net</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,378</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(95)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,431</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,857)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income tax (expense) recovery</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(457)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,109</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,399)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(9,583)</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Interest expense</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Interest expense decreased to $0.8 million and $6.7 million for the three and nine months ended September&#160;30, 2024, respectively, compared to $6.5 million and $23.8 million for the same periods in the prior year primarily due to Teekay Tankers' repurchase of 11 Aframax &#47; LR2 tankers and 16 Suezmax tankers during 2023 and the first quarter of 2024, all of which were previously held under sale-leaseback arrangements and due to the maturity of Teekay's 5% Convertible Senior Notes (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Convertible Notes</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) in January 2023 (see &#34;Item 1 &#8211; Financial Statements&#58; Note 7 &#8211; Long-Term Debt&#34; for further details).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Interest income.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Interest income increased to $10.0&#160;million and $28.8&#160;million for the three and nine months ended September&#160;30, 2024, respectively, compared to $6.7 million and $17.0&#160;million for the same periods in the prior year. The increases were primarily due to higher cash balances earning higher interest rates.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Other - net</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Other - net changed to other income of $1.4 million and $2.4 million for the three and nine months ended September&#160;30, 2024, respectively, compared to other expenses of $0.1 million and $2.9 million for the same periods in the prior year. The changes were primarily due to a non-cash expense relating to the sale of pension-related assets and obligations during the three months ended September&#160;30, 2023, a recovery related to the settlement of a claim in the third quarter of 2024, and premiums paid by Teekay Tankers in relation to certain vessels previously under sale-leaseback arrangements during the first three quarters of 2023. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Income tax (expense) recovery</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> Income tax expenses were $0.5 million and $1.4 million for the three and nine months ended September&#160;30, 2024, respectively, compared to a recovery of $2.1 million and expense of $9.6 million for the same periods in the prior year. The fluctuations were primarily due to Teekay Tankers' reversal of, and a lower accrual for, certain freight tax liabilities based on an assessment of its tax position for certain jurisdictions, a higher recovery related to the expiry of the limitation period in a certain jurisdiction, as well as changes in vessel trading activities. In addition, there were higher tax expenses from an increase in net income primarily related to our Australian operations for the three and nine months ended September&#160;30, 2024, compared to the same periods in the prior year.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 25</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_103"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">LIQUIDITY AND CAPITAL RESOURCES</font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_106"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Sources and Uses of Capital</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Teekay Parent</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:112%">As of the date of this filing, Teekay Parent primarily generates cash flows from managing vessels for the Australian government, from providing management services to Teekay Tankers and certain third parties, from dividends received from Teekay Tankers and from interest income related to our short-term investments and cash and cash equivalent balances. Teekay Parent's other potential sources of funds are borrowings under credit facilities and proceeds from issuances of debt or equity securities. As at September&#160;30, 2024, Teekay Parent had no remaining debt securities outstanding, as described in &#34;Item 1 &#8211; Financial Statements&#58; Note 7 &#8211; Long-Term Debt&#34;. Teekay has agreed to the sale and transfer to Teekay Tankers of its Australian operations and its remaining management services companies (see (see &#34;Item 1 &#8211; Financial Statements&#58; Note 19(d) &#8211; Subsequent Events&#34; for further details).</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent's primary uses of cash include the payment of operating expenses, funding general and administrative expenses, other working capital requirements, and dividend payments on Teekay Corporation's common shares. As at September 30, 2024, Teekay Parent had $281.1&#160;million in cash, cash equivalents and short-term investments, which are comprised of bank deposits and short-term debt securities issued by the United States government.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In August 2022, Teekay announced that its Board of Directors had authorized the repurchase of up to $30&#160;million of Teekay common shares in the open market and certain other transactions. Following the completion of this share repurchase program in March 2023, Teekay's Board of Directors authorized three additional share repurchase programs in March 2023, June 2023 and September 2024 for the repurchase of up to an additional $30&#160;million, $25&#160;million and $40&#160;million, respectively, of Teekay common shares in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the SEC. In October 2024, Teekay's Board of Directors authorized an additional share repurchase program of up to $40 million.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay Parent repurchased 4,213,682 Teekay common shares for $35.4&#160;million, or an average price of $8.41, including transactions costs, pursuant to Teekay's repurchase programs. As at September&#160;30, 2024 and prior to authorization of the October 2024 repurchase program, the total remaining share repurchase authorization was $23.8&#160;million. During October 2024, Teekay Parent repurchased 2,703,233 common shares for $23.8&#160;million, or an average of $8.81 per share, pursuant to the share repurchase program.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In October 2024, Teekay's Board of Directors declared a one-time special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on December 18, 2024 to all Teekay shareholders of record on December 4, 2024.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In the three months ended September&#160;30, 2024, Teekay Parent purchased 373,228 of Teekay Tankers Class A common shares through open market purchases for $21.3 million at an average price of $56.98 per share. During October 2024, Teekay Parent purchased 476,304 of Teekay Tankers Class A common shares through open market purchases for $28.7&#160;million at an average price of $60.33 per share.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Teekay Tankers</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers generates cash flows primarily from chartering out its vessels. Teekay Tankers employs a chartering strategy that seeks to capture upside opportunities in the tanker spot market while using fixed-rate time charters and full service lightering (or</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%"> FSL</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) contracts to reduce potential downside risks. Teekay Tankers' short-term charters and spot market tanker operations contribute to the volatility of its net operating cash flow, and thus may impact its ability to generate sufficient cash flows to meet its short-term liquidity needs. Historically, the tanker industry has been cyclical, experiencing volatility in profitability and asset values resulting from changes in the supply of, and demand for, vessel capacity. In addition, tanker spot markets historically have exhibited seasonal variations in charter rates. Tanker spot markets are typically stronger in the winter months as a result of increased oil consumption in the northern hemisphere and unpredictable weather patterns that tend to disrupt vessel scheduling. However, there can be other factors that override typical seasonality, such as global oil trade routes and tonne-mile demand being impacted by Russia's invasion of Ukraine.</font></div><div style="padding-left:18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">While exposure to the volatile spot market is the largest potential cause for changes in Teekay Tankers' net operating cash flow from period to period, variability in its net operating cash flow also reflects changes in interest rates, fluctuations in working capital balances, the timing and the amount of dry-docking expenditures, repairs and maintenance activities, the average number of vessels in service, including chartered-in vessels, and vessel acquisitions or vessel dispositions, among other factors. The number of vessel dry dockings varies each period depending on vessel maintenance schedules.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers' other primary sources of cash are long-term bank borrowings, lease or equity financings, and the proceeds from the sales of its older vessels.</font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 26</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As of September&#160;30, 2024, Teekay Tankers has one credit facility, the 2023 Revolver, and it had no vessels subject to financing leases. Teekay Tankers' 2023 Revolver is described in &#34;Item 1 - Financial Statements&#58; Note 7 &#8211; Long-Term Debt&#34; of this report. The 2023 Revolver contains covenants and other restrictions that Teekay Tankers believes are typical of debt financing collateralized by vessels, including those that restrict the relevant subsidiaries from&#58; incurring or guaranteeing additional indebtedness&#59; making certain negative pledges or granting certain liens&#59; and selling, transferring, assigning or conveying assets. Teekay Tankers' 2023 Revolver requires it to maintain certain financial covenants. The terms of and compliance with these financial covenants are described in further detail in &#34;Item 1 - Financial Statements&#58; Note 7 &#8211; Long-Term Debt&#34; of this report. If Teekay Tankers does not meet these financial or other covenants, the lenders may declare Teekay Tankers' obligations under the agreement immediately due and payable and terminate any further loan commitments, which depending upon Teekay Tankers' other liquidity at the time, could significantly affect its short-term liquidity requirements. As at September&#160;30, 2024, Teekay Tankers was in compliance with all covenants under its 2023 Revolver.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers' 2023 Revolver requires it to make interest payments based on the Secured Overnight Financing Rate (or</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%"> SOFR)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> plus a margin. Depending upon the amount of Teekay Tankers' floating-rate credit facility and balance from time to time, significant increases in interest rates could adversely affect its results of operations and its ability to service its debt. From time to time, Teekay Tankers uses interest rate swaps to reduce its exposure to market risk from changes in interest rates. As at September&#160;30, 2024, Teekay Tankers was not committed to any interest rate swap agreements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers' primary uses of cash include the payment of operating expenses, dry-docking expenditures, costs associated with modifications to its vessels, funding its other working capital requirements, dividend payments on Teekay Tankers' common shares, repurchase of common shares under its share repurchase program, providing funding to its equity-accounted joint venture from time to time, debt servicing costs, as well as scheduled repayments of long-term debt. In addition, Teekay Tankers may use cash to acquire new or second-hand vessels. The timing of the acquisition of vessels depends on a number of factors, including newbuilding prices, second-hand vessel values, the age, condition and size of its existing fleet, the commercial outlook for its vessels and other considerations. As such, vessel acquisition activity may vary significantly from year to year.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Cash Flows</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table summarizes our consolidated cash flows for the periods presented&#58;</font></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:361.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:85.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:85.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in thousands of U.S. Dollars)</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net operating cash flows </font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">406,605</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">495,851</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net financing cash flows </font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(266,257)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(508,556)</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net investing cash flows </font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">71,202</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">112,715</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Operating Cash Flows</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Our consolidated net cash flow from operating activities fluctuates primarily as a result of changes in vessel utilization and TCE rates, changes in interest rates, fluctuations in working capital balances, the timing and amount of dry-docking expenditures, repairs and maintenance activities, vessel additions and dispositions, and foreign currency exchange rates. Historically, Teekay Tankers' exposure to the spot tanker market has contributed significantly to fluctuations in its and our operating cash flows as a result of highly cyclical spot tanker rates.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Consolidated net operating cash flow decreased to $406.6 million for the nine months ended September&#160;30, 2024, from $495.9 million for the nine months ended September&#160;30, 2023. This decrease to operating cash flows was primarily due to a $142.8 million decrease in income from operations (before depreciation and amortization and gain on sale of assets), and a $13.4 million increase in expenditures for dry docking, partially offset by a $42.9 million decrease in cash outflows related to changes in net working capital and a $24.7 million decrease in net interest expense compared to the same period in 2023. For a further discussion of changes in income from operations from our businesses, please read &#8220;Item 2 - Recent Developments and Results of Operations&#8221;.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Financing Cash Flows</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">At times, we use our credit facilities to partially finance capital expenditures. We actively manage the maturity profile of our outstanding financing arrangements. We had no net proceeds from or prepayments of long-term debt in the nine months ended September&#160;30, 2024, compared to issuance costs, net of proceeds and prepayments, of $4.5&#160;million in the same period last year. Our scheduled debt repayments decreased by $21.2 million to $nil in the nine months ended September&#160;30, 2024, compared to the same period last year, due to the maturity of our remaining Convertible Notes in 2023.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay Tankers made prepayments of $137.0&#160;million on its finance lease obligations, compared to $364.2&#160;million, in the same period last year.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay repurchased approximately 4.2 million of its common shares (September 30, 2023 - 8.3&#160;million) for $35.4&#160;million (September 30, 2023 - $46.7&#160;million), or an average price of $8.39 per share (September 30, 2023 - $5.63).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay Tankers paid cash dividends to non-controlling interests of $67.3&#160;million, compared to $36.5 million in the same period last year.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 27</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, Teekay purchased an additional 0.4 million (September 30, 2023 - 0.1 million) of Teekay Tankers' A common shares through open market purchases of $21.3 million (September 30, 2023 - $4.8 million) at an average price of $56.98 (September 30, 2023 - $35.95)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Investing Cash Flows</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2024, we reduced our short-term investments by $120.3 million, Teekay Tankers purchased an Aframax &#47; LR2 tanker for $70.5 million, Teekay Tankers incurred capital expenditures for vessels and equipment of $4.5 million and Teekay Tankers received proceeds of $23.4 million from the sale of one Aframax &#47; LR2 tanker.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">During the nine months ended September&#160;30, 2023, we reduced our short-term investments by $114.8 million, Teekay Tankers received repayments of $3.9 million from its equity-accounted joint venture and Teekay Tankers incurred capital expenditures for vessels and equipment of $6.0 million.</font></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_109"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Liquidity</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">We separately manage the liquidity for Teekay Parent and Teekay Tankers. As such, the discussion of liquidity that follows is broken down into these two groups. The primary objectives of Teekay Parent and Teekay Tankers' cash management policies are to preserve capital and seek to ensure that cash investments can be sold readily and efficiently and provide an appropriate return.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Teekay Parent</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent&#8217;s primary sources of liquidity are its existing cash and cash equivalents, short-term investments, cash dividends paid by Teekay Tankers on its outstanding Class A and B common shares, and, until Teekay Parent disposes of its Australian operations and management service companies, cash flows provided by operations. The primary objectives of Teekay Parent&#8217;s cash management policy are to preserve capital, to seek to ensure that cash investments can be sold readily and efficiently, and to provide an appropriate return.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent&#8217;s total liquidity, including cash, cash equivalents and short-term investments was $281.1 million as at September&#160;30, 2024, compared to $287.4 million as at December&#160;31, 2023. This decrease was primarily the result of </font><font style="color:#242424;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent's common share repurchases and purchases of Teekay Tankers Ltd.'s Class A common shares during the nine months ended September 30, 2024, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">partially offset by the receipt of cash dividends from Teekay Tankers, interest income and income from vessel operations during such period.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Parent has no contractual obligations as at September&#160;30, 2024, that relate to the 12-month period following such date and those in subsequent periods. For at least the one-year period following the date of this report, we expect that Teekay Parent's existing liquidity, combined with expected cash flow from operations, will be sufficient to meet our cash requirements. </font></div><div style="text-align:justify;text-indent:-4.5pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Teekay Tankers</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers' primary sources of liquidity are cash and cash equivalents, net operating cash flow, its undrawn credit facility, and capital raised through financing transactions. The primary objectives of Teekay Tankers' cash management policy are to preserve capital, to ensure that cash investments can be sold readily and efficiently, and provide an appropriate return. The nature and extent of amounts that can be borrowed under Teekay Tankers' 2023 Revolver are described in &#34;Item 1 - Financial Statements&#58; Note 7 &#8211; Long-Term Debt&#34; of this report.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">For information on Teekay Tankers' dividend policy and share repurchase program, please see &#34;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources&#34; in &#34;Item&#160;5 &#8211; Operating and Financial Review and Prospects&#34; in our Annual Report on Form 20-F for the year ended December 31, 2023.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers' total consolidated liquidity, including cash, cash equivalents and undrawn credit facility, increased by $63.7 million during the nine months ended September&#160;30, 2024, from $687.1&#160;million as at December 31, 2023 to $750.8&#160;million as at September&#160;30, 2024. The net increase during the nine months ended September&#160;30, 2024, was primarily a result of the following events or changes during the first three quarters of 2024&#59; $384.4 million of net operating cash inflow during the first three quarters of 2024&#59; $23.4 million received from the sale of one Aframax &#47; LR2 tanker&#59; $2.9 million of proceeds received upon the exercise of stock options and $2.5 million of loan repayments from the equity-accounted joint venture&#59; partially offset by a $137.0 million payment for the repurchase of eight Suezmax tankers that were previously under sale-leaseback arrangements&#59; $94.2 million of cash dividends paid on common shares&#59; $70.5 million paid for the acquisition of one Aframax &#47; LR2 tanker&#59; $33.9 million of reduction in the borrowing capacity of the 2023 Revolver&#59; $5.2 million of scheduled repayments of obligations related to finance leases and $4.5 million of expenditures for capital upgrades for vessels and equipment.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers' 2023 Revolver matures in May 2029, and there was no amount outstanding under the facility as at September&#160;30, 2024. Teekay Tankers' ability to refinance its 2023 Revolver will depend upon, among other things, the estimated market value of its vessels, Teekay Tankers' financial condition, and the condition of credit markets at such time. In addition, as at September 30, 2024, Teekay Tankers' did not have any capital commitments related to the acquisition of new or second-hand vessels. However, approximately 50% of Teekay Tankers' fleet is currently aged 15 years and older, and Teekay Tankers may continue the process of fleet renewal in the coming years. Teekay Tankers expects that any fleet renewal expenditures will be funded using the undrawn revolving credit facility, cash on hand and new financing arrangements, including bank borrowings, finance leases and potentially the issuance of debt and equity securities.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 28</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Teekay Tankers anticipates that its liquidity as at September&#160;30, 2024, combined with cash it expects to generate during the 12 months following the date of this report, will be sufficient to meet its cash requirements for at least the one-year period following the date of this report. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The following table summarizes Teekay Tankers' other contractual obligations as at September&#160;30, 2024&#58;</font></div><div style="margin-bottom:3pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:184.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:47.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:49.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:45.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">12 Months Following September 30,<br>2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Remainder of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Beyond</font></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in millions of U.S. Dollars)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2027</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2028</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2028</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:115%">U.S. Dollar-Denominated Obligations</font></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Chartered-in vessels (operating leases)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)(2)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">109.9</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">51.3</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8.1</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.1</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.5</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8.5</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7.4</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Total</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">109.9</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">51.3</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8.1</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.1</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 13pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.5</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8.5</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7.4</font></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:22.5pt;text-align:justify;text-indent:-22.5pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:13.35pt">Excludes payments required if Teekay Tankers exercises options to extend the terms of chartered-in leases signed as of September&#160;30, 2024. </font></div><div style="margin-bottom:6pt;padding-left:22.5pt;text-align:justify;text-indent:-22.5pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:13.35pt">Includes one bunker tanker expected to deliver to Teekay Tankers in the fourth quarter of 2024 under a four and a half year bareboat-in contract.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Other risks and uncertainties related to Teekay Tankers' liquidity include changes to income tax legislation or the resolution of uncertain tax positions relating to freight tax liabilities as outlined in &#34;Item 1 &#8211; Financial Statements&#58; Note 15 &#8211; Income Tax (Expense) Recovery&#34; of this report, which could have a significant financial impact on Teekay Tankers' business, which it cannot predict with certainty at this time. In addition, as at September&#160;30, 2024, Teekay Tankers' High-Q joint venture had a loan outstanding with a financial institution with a balance of $17.8 million, and Teekay Tankers guarantees 50% of the outstanding loan balance. Finally, existing or future climate control legislation, or other regulatory initiatives that restrict emissions of greenhouse gases, could have a significant financial and operational impact on Teekay Tankers' business, which it cannot predict with certainty at this time. Such regulatory measures could increase Teekay Tankers' costs related to operating and maintaining its vessels and require Teekay Tankers to install new emission controls, acquire allowances or pay taxes related to its greenhouse gas emissions, or administer and manage a greenhouse gas emissions program. The inclusion of the maritime industry in the EU ETS as of January 1, 2024, requires Teekay Tankers to acquire allowances related to Teekay Tankers' greenhouse gas emissions as outlined in &#34;Item 1 &#8211; Financial Statements&#58; Note 1 &#8211; Basis of Presentation&#34;, &#34;Item 1 &#8211; Financial Statements&#58; Note 5 &#8211; Intangible Assets&#34; and &#34;Item 1 &#8211; Financial Statements&#58; Note 6 &#8211; Accrued Liabilities and Other and Other Long-Term Liabilities&#34; of this report. In addition, increased regulation of greenhouse gases may, in the long-term, lead to reduced demand for oil and reduced demand for Teekay Tankers' services.</font></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_112"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">CRITICAL ACCOUNTING ESTIMATES</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">We prepare our consolidated financial statements in accordance with GAAP, which require us to make estimates in the application of our accounting policies based on our best assumptions, judgments and opinions. On a regular basis, management reviews the accounting policies, assumptions, estimates and judgments in an effort to ensure that our consolidated financial statements are presented fairly and in accordance with GAAP. However, because future events and their effects cannot be determined with certainty, actual results could differ from our assumptions and estimates, and such differences could be material. Accounting estimates and assumptions that we consider to be the most critical to an understanding of our consolidated financial statements because they inherently involve significant judgments and uncertainties, are discussed in &#8220;Item 5 &#8211; Operating and Financial Review and Prospects&#8221; in our Annual Report on Form 20-F for the year ended December&#160;31, 2023. There have been no significant changes to these estimates and assumptions in the nine months ended September 30, 2024.</font></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_115"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">NON-GAAP FINANCIAL MEASURE</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Net Revenues</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Net revenues is a non-GAAP financial measure. Consistent with general practice in the shipping industry, we use &#8220;net revenues&#8221; (defined as income from operations before vessel operating expenses, time-charter hire expenses, depreciation and amortization, general and administrative expenses, gain or loss on sale and write-down of assets, and restructuring charges) as a measure of equating revenues generated from voyage charters to revenues generated from time charters, which assists us in making operating decisions about the deployment of our vessels and their performance. Since under time charters the charterer pays the voyage expenses, whereas under voyage charters, the ship-owner pays these expenses, we include voyage expenses in net revenues. Some voyage expenses are fixed, and the remainder can be estimated. If we, as the ship owner, pay the voyage expenses, we typically pass the approximate amount of these expenses on to our customers by charging higher rates to them. As a result, although revenues from different types of contracts may vary, the net revenues are comparable across the different types of contracts. We principally use net revenues because it provides more meaningful information to us than income from operations, the most directly comparable GAAP financial measure. Net revenues is also widely used by investors and analysts in the shipping industry for comparing financial performance between companies and to industry averages. The following table reconciles Teekay Tankers' net revenues with income from operations from the conventional tanker segment&#58;</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 29</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:540.00pt"><tr><td style="width:1.0pt"></td><td style="width:204.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:79.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:79.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:79.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:79.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(in thousands of U.S. Dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Teekay Tankers - Conventional Tankers Segment</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income from operations</font></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,465</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,575</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">293,841</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">422,997</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:100%">Add (subtract) specific items affecting income from operations&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Vessel operating expenses</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">38,091</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">36,366</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">113,942</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">112,348</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Time-charter hire expenses</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,465</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19,378</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">57,651</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">51,014</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,445</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">24,565</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">69,136</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">72,924</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,876</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,700</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">38,678</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35,087</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gain on sale of vessel</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(11,601)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restructuring charges</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,952</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,952</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,248</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net revenues</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">149,294</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">172,584</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">567,599</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 25pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">695,618</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_118"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">FORWARD-LOOKING STATEMENTS</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">This Report on Form 6-K for the three and nine months ended September 30, 2024, contains certain forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section&#160;21E of the Securities Exchange Act of 1934, as amended) concerning future events and our operations, performance and financial condition, including, among others, statements regarding&#58;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the crude oil and refined product tanker market fundamentals, including the balance of supply and demand in the oil and tanker markets and the volatility of such markets&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">forecasts of worldwide tanker fleet growth or contraction&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">estimated changes in global oil demand and supply&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">future tanker rates and OPEC+ oil production or oil supply levels, and the impact of the OPEC+ group unwinding voluntary production cuts anticipated to start in October 2024&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the effectiveness of our chartering strategy in capturing upside opportunities and reducing downside risks&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">timing of and our expectations regarding vessel acquisitions and deliveries, vessel refinancing, tanker contracts and potential fleet renewal&#59;  </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">general domestic and international political conditions and geopolitical conflicts&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the impact of the conflict in the Middle East, including the Israel-Hamas war and the ongoing attacks on vessels in the Red Sea areas, or the Russia-Ukraine war on the economy, our industry and our business, including as the result of sanctions, import restrictions and other related actions and the persistence of altered trade patterns&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the impact on us and the shipping industry of environmental regulations, liabilities and developments, including climate change&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the impact on us and the maritime industry of being included in the EU ETS&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">meeting our going concern requirements and our liquidity needs, and the liquidity needs of Teekay Tankers, anticipated funds and sources of financing for liquidity needs and the sufficiency of cash flows&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">our business strategy and other plans and objectives for future operations, including our expectations regarding our ability to pursue future investments&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">our expectations regarding the covenants in our financing agreements, including the potential effects of financial covenants or restrictions&#59;</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the impact of recent accounting pronouncements on our consolidated financial statements and related disclosures&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">our expectations regarding, and our accounting estimates and the level of expected changes in our provisions for uncertain tax positions relating to freight taxes in the next 12 months&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">our potential future status as a &#34;passive foreign investment company&#34; (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">PFIC</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">)&#59;</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">Teekay Tankers&#8217; and our dividend policy and the declaration or payment of any future dividends on its or our common shares, and Teekay Tankers' and our share repurchase programs and any future repurchases completed pursuant to such programs&#59; </font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">the occurrence and timing of the completion of the sale of Teekay Parent's Australian operations and other management services companies currently owned by Teekay Parent to Teekay Tankers&#59; and</font></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:15.03pt">expected interest payments on our contractual obligations and the impact on our payment obligations, if we exercise options to extend chartered-in leases.<br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 30</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words &#8220;believe&#8221;, &#8220;anticipate&#8221;, &#8220;expect&#8221;, &#8220;estimate&#8221;, &#8220;project&#8221;, &#8220;will be&#8221;, &#8220;will continue&#8221;, &#8220;will likely result&#8221;, or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement&#59; spot tanker market rate fluctuations&#59; changes in oil prices&#59; changes in vessel values&#59; changes in production of or demand for oil or petroleum products, either generally or in particular regions&#59; changes in anticipated levels of vessel newbuilding orders or deliveries or rates of vessel scrapping&#59; non-OPEC+ and OPEC+ production and supply levels&#59; competitive factors in the markets in which we operate&#59; changes to any anticipated decommissioning costs or to any future recycling costs and obligations&#59; loss of any customer, time charter or vessel&#59; changes in the financial stability of our charterers&#59; changes in trading patterns significantly affecting overall vessel tonnage requirements&#59; the timing of implementation of new laws and regulations, including the inclusion of the maritime industry in the EU ETS&#59; political, governmental and economic instability in the regions and markets in which we operate&#59; Teekay Parent's and Teekay Tankers' ability to satisfy the customary closing conditions related to the sale and purchase of Teekay's Australian operations and the management companies currently owned by Teekay Parent&#59; the impact of the geopolitical tensions and conflicts, including the Israel-Hamas war, the Russia-Ukraine war and related sanctions, import and other restrictions&#59; the application of sanctions to us or any of our counterparties or joint venture parties&#59; changes in global economic conditions, including the potential effects of inflation&#59; changes in the typical seasonal variations in tanker charter rates&#59; the outcome of discussions or legal action with third parties relating to any disputes or claims&#59; potential inability to obtain charters&#59; the potential for early termination of long-term contracts and our ability to renew or replace long-term contracts or complete existing contract negotiations&#59; higher than expected operating expenses and&#47;or drydocking expenditures&#59; our levels of available cash and cash reserves and the declaration of any future dividends by our or Teekay Tankers&#8217; Board of Directors&#59; changes in tax regulations or the outcome of tax positions&#59; the amount of our passive assets relative to our average assets for a given year for U.S. federal tax purposes&#59; our future capital expenditure requirements and the inability to secure financing for such requirements&#59; our potential inability to raise financing to refinance debt maturities or refinance our vessels&#59; conditions in the capital markets and lending markets&#59; the availability of future growth opportunities and our potential inability to pursue such opportunities&#59; and other factors discussed in our filings from time to time with the SEC, including in our Annual Report on Form 20-F for the fiscal year ended December&#160;31, 2023. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 31</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_121"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="-sec-extract:summary"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="-sec-extract:summary;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">TEEKAY CORPORATION LTD. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">SEPTEMBER&#160;30, 2024 </font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">PART II &#8211; OTHER INFORMATION</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Item&#160;1 &#8211; Legal Proceedings</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">None.</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Item&#160;1A &#8211; Risk Factors</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> </font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">In addition to the other information set forth in this Report on Form 6-K, and set forth below in this Item 1A, you should carefully consider the risk factors discussed in Part I, &#8220;Item 3. Key Information &#8211; Risk Factors&#8221; in our Annual Report on Form 20-F for the year ended December 31, 2023, which could materially affect our business, financial condition or results of operations, the price and value of our securities and Teekay Tankers' ability to pay dividends on its common shares. Unless otherwise indicated in this Item 1A, references herein to &#8220;Teekay&#8221;, &#8220;the Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; and &#8220;our&#8221; and similar terms refer to Teekay Corporation Ltd. and its subsidiaries.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:700;line-height:120%">Although we presently do not expect to be a &#34;passive foreign investment company&#34; (or PFIC) for the 2024 tax year, because we and our look-through subsidiaries currently have significant cash assets and may maintain or further increase such cash assets, there is a significant risk that U.S. tax authorities could treat us as a PFIC in 2025 and may treat us as a PFIC in future years, which could have adverse U.S. federal income tax consequences to our U.S. shareholders and other adverse consequences to us and all our shareholders.</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">A non-U.S. entity treated as a corporation for U.S. federal income tax purposes will be treated as a PFIC for such purposes in any tax year in which, after taking into account the income and assets of the corporation and, pursuant to a &#8220;look-through&#8221; rule, any other corporation or partnership in which the corporation directly or indirectly owns at least 25% of the stock or equity interests (by value) and any partnership in which the corporation directly or indirectly owns less than 25% of the equity interests (by value) to the extent the corporation satisfies an &#34;active partner&#34; test and does not elect out of &#34;look through&#34; treatment, either (i) at least 75% of its gross income consists of &#8220;passive income&#8221; (or the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">PFIC income test)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> or (ii) at least 50% of the average value of the entity&#8217;s assets is attributable to assets that produce or are held for the production of &#8220;passive income&#8221; (or the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">PFIC asset test</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). For purposes of these tests, &#8220;passive income&#8221; includes dividends, interest, gains from the sale or exchange of investment property and rents and royalties other than rents and royalties that are received from unrelated parties in connection with the active conduct of a trade or business. By contrast, income derived from the performance of services does not constitute &#8220;passive income.&#8221; </font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">For purposes of the PFIC asset test, cash and other current assets readily convertible into cash (or </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">cash assets</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) are considered to be assets that produce passive income. We have significant cash assets, including our cash assets and cash taken into account pursuant to the &#8220;look through&#8221; rule described above that is held by Teekay and Teekay Tankers, primarily as a result of the sale of our gas shipping business in 2022 and due to the strong tanker market and resulting earnings over the past several years, respectively. Please read &#8220;Item 5 &#8211; Operating and Financial Review and Prospects &#8211; Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations &#8211; Overview&#8221; in our Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission on March 15, 2024 (the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">2023 Annual Report</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). At the present time, we do not expect to be treated as a PFIC for the 2024 tax year under the PFIC asset test. However, based on our current estimates and assumptions relating to our current PFIC asset test modeling, including our assumptions on the tanker market, the value of our fleet and our significant cash assets, we forecast that there is a significant risk that we could become a PFIC in 2025 and may be a PFIC in future tax years. In addition, should Teekay Tankers dispose of a certain number of its vessels in 2024 or 2025 for cash without immediately replacing those vessels, we expect that this would further increase the risk that we would become a PFIC in 2025 due to the receipt of cash sale proceeds. Similarly, a decrease in the value of our fleet would increase our risk of becoming a PFIC in 2025. Furthermore, if our ownership of Teekay Tankers falls below 25% of the equity interests (by value), such as by way of us selling equity interests in Teekay Tankers, by way of Teekay Tankers issuing new equity and diluting our ownership, or by way of a merger of Teekay Tankers, based on our current asset portfolio, we expect that the occurrence of any such event would result in us becoming a PFIC in the year in which any such event occurred. </font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">If any of the scenarios set out above were to occur, or any scenario were to occur which resulted in our continued holding of substantial cash or other passive assets or a significant increase of our cash or other passive assets, our PFIC status for 2025, and any future tax year, will depend significantly upon how, and how quickly, we use our cash assets, including the cash proceeds received in connection with any dispositions of our shares in Teekay Tankers, or received by Teekay Tankers from the sale of any of Teekay Tankers&#8217; vessels or from cash generated through vessel operations, and the extent to which we acquire or retain assets that are not considered to produce passive income. Accordingly, there is a significant risk that U.S. tax authorities could treat us as a PFIC in 2025 and may treat us as a PFIC in future years, and there can be no assurance that we will not be a PFIC in 2025 or any future tax years under the PFIC asset test, which could have adverse U.S. federal income tax consequences to U.S. shareholders and may cause the price of our common shares to decline and materially and adversely affect our ability to raise capital on acceptable terms. </font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 32</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="-sec-extract:summary"><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Additionally, with respect to the PFIC income test, there are legal uncertainties involved in determining whether the income derived from our and our look-through subsidiaries' time-chartering activities constitutes rental income or income derived from the performance of services, including the decision in </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Tidewater Inc. v. United States</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">, 565 F.3d 299 (5th Cir. 2009), which held that income derived from certain time-chartering activities should be treated as rental income rather than services income for purposes of a foreign sales corporation provision of the U.S. Internal Revenue Code of 1986, as amended (or the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Code</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). However, the Internal Revenue Service (or the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">IRS</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) stated in an Action on Decision (AOD 2010-01) that it disagrees with, and will not acquiesce to, the way that the rental versus services framework was applied to the facts in the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Tidewater</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> decision, and in its discussion stated that the time charters at issue in </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Tidewater</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> would be treated as producing services income for PFIC purposes. The IRS&#8217;s statement with respect to </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Tidewater</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> cannot be relied upon or otherwise cited as precedent by taxpayers. Consequently, in the absence of any binding legal authority specifically relating to the statutory provisions governing PFICs, there can be no assurance that the IRS or a court would not follow the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:120%">Tidewater</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> decision in interpreting the PFIC provisions of the Code. Nevertheless, based on our and our look-through subsidiaries&#8217; current assets and operations, we intend to take the position that we are not now and have never been a PFIC by reason of the PFIC income test. No assurance can be given, however, that this position would be sustained by a court if contested by the IRS or that we would not constitute a PFIC by reason of the PFIC income test (or, alternatively, as described above, the PFIC asset test) for the 2025 tax year or any future tax year if there were to be changes in our and our look-through subsidiaries' assets, income or operations. </font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">If we or the IRS were to determine that we are or have been a PFIC for any tax year during which a U.S. Holder (as defined under &#34;Item 10 &#8211; Additional Information &#8211; Material United States Federal Income Tax Considerations&#34; in our 2023 Annual Report) held our common shares, such U.S. Holder would face adverse U.S. federal income tax consequences. For a more comprehensive discussion regarding the tax consequences to U.S. Holders if we are treated as a PFIC (including, without limitation, certain PFIC-related elections U.S. Holders may be able to make), please see &#34;Item 10 &#8211; Additional Information &#8211; Material United States Federal Income Tax Considerations&#8221; in our 2023 Annual Report.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:115%;text-decoration:underline">Item&#160;2 &#8211; Unregistered Sales of Equity Securities and Use of Proceeds</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">None.</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Item&#160;3 &#8211; Defaults Upon Senior Securities</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">None.</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Item&#160;4 &#8211; Mine Safety Disclosures</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Not applicable.</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;text-decoration:underline">Item&#160;5 &#8211; Other Information</font></div><div style="margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-27pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">None.</font></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-22.5pt"><font><br></font></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.444%"><tr><td style="width:1.0%"></td><td style="width:10.771%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:87.029%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE FOLLOWING REGISTRATION STATEMENT OF THE COMPANY&#58;</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">&#160;</font></div><div style="padding-left:54pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;padding-left:33.03pt">REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-282448) FILED WITH THE SEC ON OCTOBER 1, 2024.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 33</font></div></div></div><div id="i2977c4fc956d4d8e87d24741bbaeff11_124"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#i2977c4fc956d4d8e87d24741bbaeff11_7" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%;text-decoration:underline">Table of Contents</a></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">SIGNATURES</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.861%"><tr><td style="width:1.0%"></td><td style="width:48.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.999%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">TEEKAY CORPORATION LTD.</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Date&#58; November 1, 2024</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#47;s&#47; Brody Speers</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Brody Speers<br>Chief Financial Officer<br>(Principal Financial and Accounting Officer)</font></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Page 34</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>chart-9fbd8967fee843998bb.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 chart-9fbd8967fee843998bb.jpg
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M#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _
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M_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _ '_B$V_X*F?\ 27;_ ,J&N?\
MQZC_ (A-O^"IG_27;_RH:Y_\>K]_J* /P!_XA-O^"IG_ $EV_P#*AKG_ ,>H
M_P"(3;_@J9_TEV_\J&N?_'J_?ZB@#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\
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M_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _ '_B$V_X*F?\
M27;_ ,J&N?\ QZC_ (A-O^"IG_27;_RH:Y_\>K]_J* /P!_XA-O^"IG_ $EV
M_P#*AKG_ ,>H_P"(3;_@J9_TEV_\J&N?_'J_?ZB@#\ ?^(3;_@J9_P!)=O\
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M#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _
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M_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _ '_B$V_X*F?\ 27;_ ,J&N?\
MQZC_ (A-O^"IG_27;_RH:Y_\>K]_J* /P!_XA-O^"IG_ $EV_P#*AKG_ ,>H
M_P"(3;_@J9_TEV_\J&N?_'J_?ZB@#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\
MB$V_X*F?])=O_*AKG_QZOW^HH _ '_B$V_X*F?\ 27;_ ,J&N?\ QZC_ (A-
MO^"IG_27;_RH:Y_\>K]_J* /P!_XA-O^"IG_ $EV_P#*AKG_ ,>H_P"(3;_@
MJ9_TEV_\J&N?_'J_?ZB@#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\ B$V_X*F?
M])=O_*AKG_QZOW^HH _ '_B$V_X*F?\ 27;_ ,J&N?\ QZC_ (A-O^"IG_27
M;_RH:Y_\>K]_J* /P!_XA-O^"IG_ $EV_P#*AKG_ ,>H_P"(3;_@J9_TEV_\
MJ&N?_'J_?ZB@#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AK
MG_QZOW^HH _ '_B$V_X*F?\ 27;_ ,J&N?\ QZC_ (A-O^"IG_27;_RH:Y_\
M>K]_J* /P!_XA-O^"IG_ $EV_P#*AKG_ ,>H_P"(3;_@J9_TEV_\J&N?_'J_
M?ZB@#\ ?^(3;_@J9_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^H
MH _ '_B$V_X*F?\ 27;_ ,J&N?\ QZC_ (A-O^"IG_27;_RH:Y_\>K]_J* /
MP!_XA-O^"IG_ $EV_P#*AKG_ ,>H_P"(3;_@J9_TEV_\J&N?_'J_?ZB@#\ ?
M^(3;_@J9_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _ '_B$
MV_X*F?\ 27;_ ,J&N?\ QZC_ (A-O^"IG_27;_RH:Y_\>K]_J* /P!_XA-O^
M"IG_ $EV_P#*AKG_ ,>H_P"(3;_@J9_TEV_\J&N?_'J_?ZB@#\ ?^(3;_@J9
M_P!)=O\ RH:Y_P#'J/\ B$V_X*F?])=O_*AKG_QZOW^HH _ '_B$V_X*F?\
M27;_ ,J&N?\ QZC_ (A-O^"IG_27;_RH:Y_\>K]_J* /P!_XA-O^"IG_ $EV
M_P#*AKG_ ,>H_P"(3;_@J9_TEV_\J&N?_'J_?ZB@#\ ?^(3;_@J9_P!)=O\
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MOX0OVL/^3IOB7_V4#6?_ $NFH _;_P#X--O^4IG[7?\ V\?^GR>OW^K\ ?\
M@TV_Y2F?M=_]O'_I\GK]_J "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "OX0OVL/^3IOB7_V4#6?_ $NFK^[VOX0OVL/^3IOB7_V4#6?_ $NF
MH _;_P#X--O^4IG[7?\ V\?^GR>OW^K\ ?\ @TV_Y2F?M=_]O'_I\GK]_J "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "OX0OVL/^3IOB7_V4
M#6?_ $NFK^[VOX0OVL/^3IOB7_V4#6?_ $NFH _;_P#X--O^4IG[7?\ V\?^
MGR>OW^K\ ?\ @TV_Y2F?M=_]O'_I\GK]_J "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "OX0OVL/^3IOB7_V4#6?_ $NFK^[VOX0OVL/^3IOB
M7_V4#6?_ $NFH _;_P#X--O^4IG[7?\ V\?^GR>OW^K\ ?\ @TV_Y2F?M=_]
MO'_I\GK]_J "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ J*_OK32[&;4K^81P6\3
M2S2-T5%!)/X 5+45_8VFIV,VFW\(D@N(FBFC;HZ,,$?B#0!^"W_!/;]CK4/^
M#H#Q/\6/V]?^"@_QX\?Q?#K2O'MQX;^&'PP\*ZZMG9:5'%!#<;F5XY$+)#<V
MH+JJO)*)&=B %K[S_P""2O\ P3N_;$_X)6^,/BIX$^+?[8=EXX_9S13>_#&S
M\3:K<3:SX>CCP\C3O)$D$$/EF02+&YC+0I*J1>9(M?"7[ _[2_Q3_P"#8+Q?
M\5OV(?VS?V3OBAXK^%>N>.9_$GPP^)7P\T!+^&_$D,5OLD,LL48=X+:VW)Y@
MDBD5P4975Z^F_P!AWXN?\%5O^"O?PR_:GUGXZ^!)OA9\$OB5X$U?PS\"_#OB
MKP\MIJUM->6+VJWGG*BRR0(N9'=U<-+<D0N4A*@ J:Y_P=(^%M6L_$OQJ^ O
M_!-7XV?$'X$>#M4>S\1?&?2;%8;2-8R/-GB@="&C4,K_ +R6)E5U,@BSBO<?
MVQ/^"^7[(_[*?[)'P>_;>T?1M6\;_#SXQ:_%IVE:KHC+')I\921II9HG!<M"
M8I8WA4;P\;+U%?FS^R1_P4>\;_\ !/7_ ())^*_^"-?QW_X)X_&-OCK;:9XG
M\->&=#TWP0]U8>(CJTUVT=R9D),L:-=LI,22+)'%&8V;>=F'^U[_ ,$[/VE/
MV5O^"+_[$_[.7Q$^'6KZEXMLOC]_;GBK0M+L9+W^Q8[V2XG%O+Y08+LCD02'
M[HD+@$C!(!^BWP@_X.!]/\2?MR>"/V+_ -H_]@'XK_!D_%0$_#'Q'XZCA0ZM
MG=Y0GME&;4N0$VAY61Y$5PH;<&_&;_@OGXCM?VD/BC^SU^Q9_P $YOB/\=_^
M%*7GV+XFZ_X<U6VLH=.NU\T20P1.LDMR5:"9.%4L\+A0PVLWFO\ P7!^'GCS
MQ3_P67_X)Z^*/"_@?5]1T_1_B#>/K&HV&F2S0V*?;]*(::1%*Q# 8Y8@<'T-
M?''_  4Z^&G[$$7_  4/^+?C7]H3X ?M,?LJ_$U-4>Y\'?$WX.33:YI7Q"=B
M^;](8[>'[/+*%@?9#<*I=Y!*T<JMN /UQU3_ (+)?LO^"?\ @FQ%_P %-OC'
MX5\:^"?"S0B-O"7B7P\UMKCZ@93$EC%;R%5F>1AE) _EF/\ >%E57V_//PM_
MX.6/#<7Q'\":/^VA_P $]_BS\!_!'Q2NH[?P!\2O&,(?3+QY=IB:X)BC-NC*
MZ-N4R;5<.<1YD'QE\8OV1O\ @L'_ ,%"/^#:WP[+^T5X6\7>+/B;X'^,:^+/
M#GAWQ):2/X@UWPK#8RVJ":%P)KBY$MW<RH),RRP1KC>SINU_^"G_ .W!XO\
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MW4B_,BW:/):+@C+3$=Z\8_X(._"/X,_%S_@HC\1OVU/@WX,_:LUS2-*\(?\
M".Z;\;?VB/'B7H\5I*UJQM8[6:PCN,Q- Q5A<2*B11[U1I51?I3_ (.;?"7B
MOQU_P1+^,GA;P3X8U#6-3N9O#GV;3M*LI+B>7;XBTUVVQQ@LV%5F.!P 3T%
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M  1)T_\ X)U_&@?M#MX0M_ 3^%9? <B62".=%.I&0D. 8E$G,8 E.2WECS:
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M HHHH *R;/QUX1O_ !C>?#^SUZ"36M/M([J]TY2?,AAD.$<CT)%:U>%^ ?\
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MV#_B9;_J5?\ E?\ ^XG]%E%?SIT4?\2Y?]33_P H?_=@_P")EO\ J5?^5_\
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M_D__ -H'_$I7_4Y_\MO_ +N?TZ45_,711_K_ /\ 4-_Y/_\ :!_Q*5_U.?\
MRV_^[G].E%?S%T4?Z_\ _4-_Y/\ _:!_Q*5_U.?_ "V_^[G].E%?S%T4?Z__
M /4-_P"3_P#V@?\ $I7_ %.?_+;_ .[G].E%?S%UT?P<_P"2N^%?^QDL?_2A
M*J''W/-1^K;_ -__ .U,L1]$_P!A0G4_MF_*F_\ =^RO_P _S^E&BBBOT0_C
MP**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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MKX&_X+T?\DT^'O\ V';W_P!$QU]\U\#?\%Z/^2:?#W_L.WO_ *)CK]&\)/\
MDXF _P 4O_3<S\T\8/\ DV^8?X8?^G('YF4445_>1_G\%%%% !1110 4444
M%%%% !1110 4444 %%%% 'M__!-S_D^/X<_]AQO_ $1)7[>U^(7_  3<_P"3
MX_AS_P!AQO\ T1)7[>U_(GTA?^2IPO\ UY7_ *7,_L?Z.7_))XO_ *_O_P!-
MP"BBBOP(_H4^/_\ @N5_R8'JO_8R:9_Z.-?B77[:?\%RO^3 ]5_[&33/_1QK
M\2Z_(^./^1RO\"_-G^@OT8/^3<5/^PBI_P"D4PHHHKX\_HL**** "BBB@ HH
MHH **** "BBB@ HHHH *Z/X.?\E=\*_]C)8_^E"5SE='\'/^2N^%?^QDL?\
MTH2M*/\ %CZHY,?_ +C5_P ,OR9_2C1117]$'^/04444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !7\(7[6'_)TWQ+_P"R@:S_
M .ETU?W>U_"%^UA_R=-\2_\ LH&L_P#I=-0!^W__  :;?\I3/VN_^WC_ -/D
M]?O]7X _\&FW_*4S]KO_ +>/_3Y/7[_4 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %>%^ ?^4@GC_P#[$32O_1C5[I7A?@'_ )2">/\
M_L1-*_\ 1C4 >Z5\#?\ !>C_ ))I\/?^P[>_^B8Z^^:^!O\ @O1_R33X>_\
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M7_V4#6?_ $NFK^[VOX0OVL/^3IOB7_V4#6?_ $NFH _;_P#X--O^4IG[7?\
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M_P#P3<_Y/C^'/_8<;_T1)7[>U^(7_!-S_D^/X<_]AQO_ $1)7[>U_(GTA?\
MDJ<+_P!>5_Z7,_L?Z.7_ "2>+_Z_O_TW ****_ C^A3X_P#^"Y7_ "8'JO\
MV,FF?^CC7XEU^VG_  7*_P"3 ]5_[&33/_1QK\2Z_(^./^1RO\"_-G^@OT8/
M^3<5/^PBI_Z13"BBBOCS^BPHHHH **** "BBB@ HHHH **** "BBB@ KH_@Y
M_P E=\*_]C)8_P#I0E<Y71_!S_DKOA7_ +&2Q_\ 2A*TH_Q8^J.3'_[C5_PR
M_)G]*-%%%?T0?X]!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %?PA?M8?\ )TWQ+_[*!K/_ *735_=[7\(7[6'_ "=-\2_^
MR@:S_P"ETU '[?\ _!IM_P I3/VN_P#MX_\ 3Y/7[_5^ /\ P:;?\I3/VN_^
MWC_T^3U^_P!0 4444 %%%% !1110 4444 %%%% !7Q9X_M?^"M'[+/[4_P 1
M/'7P-^&6F_M$?"_XA/:W_AGPQKWQ*B\/ZAX#OXX!'/;(]Q!)%/82L!( F)$)
M8;3C<_VG10!^=7PQ_P""9/\ P4#^&_[&/Q3\3> _VE="\'_M,?%;XPM\4-3N
M=!:;_A';>Z\R+;X>=BGG2V301F*27;O+OGYU3YKGQ)^ _P#P4D_X*;?$OX2>
M$/VP_P!F/PC\$_AC\+_B%IWCCQ4NG_$:/Q%J'B[5-.W-:6=JL$$:VMF96+R-
M*?-*[0H!!S^A-% 'P+/\#/\ @HC_ ,$__P!JCXT?$+]B/]F[PG\8?A]\=/$4
M?BS^Q-5^($?AZ\\)^)FMDM[R:4S0R)=VDYBBE_=D2J0RXP S>U_\$L_V+_&?
M[$/[+\W@KXN^+-/UWXA^-/&.K^-OB9K&D(ZV=SKVJ7!GN!;AP&,2 1Q*S %A
M%N(7=M'T?10 4444 %>%^ ?^4@GC_P#[$32O_1C5[I7A?@'_ )2">/\ _L1-
M*_\ 1C4 >Z5\#?\ !>C_ ))I\/?^P[>_^B8Z^^:^!O\ @O1_R33X>_\ 8=O?
M_1,=?HWA)_R<3 ?XI?\ IN9^:>,'_)M\P_PP_P#3D#\S****_O(_S^"BBB@
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %?PA?M8?\G3?$O\
M[*!K/_I=-7]WM?PA?M8?\G3?$O\ [*!K/_I=-0!^W_\ P:;?\I3/VN_^WC_T
M^3U^_P!7X _\&FW_ "E,_:[_ .WC_P!/D]?O]0 4444 %%%% !1110 4444
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M  GO_"-_:M2MKO\ M3^ROMFWR7W;?+\V+.>F=W'H:^)?^(<;_J\C_P QY_\
M?"OTZHKR,=D659E6]KB:?-*UKWDM/DT?H/"_BIQYP9EKP&3XSV5)R<^7V=*7
MO-)-WG"3V2TO;R/S%_XAQO\ J\C_ ,QY_P#?"C_B'&_ZO(_\QY_]\*_3JBN/
M_5+A_P#Y\_\ DT__ )(^C_XF \7/^AE_Y1P__P J/S%_XAQO^KR/_,>?_?"C
M_B'&_P"KR/\ S'G_ -\*_3JBC_5+A_\ Y\_^33_^2#_B8#Q<_P"AE_Y1P_\
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M?;SC.,9P<9Z&OTHHIKA/((NZH_\ DT__ )(BIX^^+56FX2S+1JS_ '-#9_\
M<(****^B/QX*\R_;.^(7B_X3_LI?$#XE> -7^P:WH?A:[O-+O?L\<ODS(A*M
MLD5D;![,"/:O3:\9_P""B7_)C'Q6_P"Q(OO_ $6:Y<=*4,%5E%V:C+\F>[PO
M1I8CB; TJL5*,JU)--733G%--/1IK1I[GY'?\/DO^"D7_1QO_EH:/_\ (E'_
M  ^2_P""D7_1QO\ Y:&C_P#R)7S%17X=_;&;_P#014_\#E_F?Z@_\0Z\/O\
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M?_">E_\ ('T[_P /DO\ @I%_T<;_ .6AH_\ \B4?\/DO^"D7_1QO_EH:/_\
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ K^$+]K#_ ).F^)?_ &4#6?\
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M_+0UC_Y$KZ7U*S_M#3KBP\S9Y\#Q[\9V[@1G'?K7YE_\0XW_ %>1_P"8\_\
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M_P#?"C_B'&_ZO(_\QY_]\*/KW&__ $"T_O7_ ,L#_5CZ,/\ T/,5_P" 2_\
MF,^G?^'R7_!-W_HXW_RT-8_^1*/^'R7_  3=_P"CC?\ RT-8_P#D2OF+_B'&
M_P"KR/\ S'G_ -\*/^(<;_J\C_S'G_WPH^O<;_\ 0+3^]?\ RP/]6/HP_P#0
M\Q7_ (!+_P"8SZ=_X?)?\$W?^CC?_+0UC_Y$H_X?)?\ !-W_ *.-_P#+0UC_
M .1*^8O^(<;_ *O(_P#,>?\ WPH_XAQO^KR/_,>?_?"CZ]QO_P! M/[U_P#+
M _U8^C#_ -#S%?\ @$O_ )C/IW_A\E_P3=_Z.-_\M#6/_D2C_A\E_P $W?\
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MV&BC_4CA?_H'_P#)Y_\ R0?V=@_Y?Q?^9X]_PR#_ -70_&'_ ,+;_P"U4?\
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M]'&_^6AH_P#\B5\Q44?VQF__ $$5/_ Y?YA_Q#KP^_Z$^%_\)Z7_ ,@?3O\
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MZ_J7P4U7X:ZAH_B#Q6FCRZ ]Q?1WMIK4$LB,DZQRJPEM\H[A(]IZE0!N@_\
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MB]T728O'LOA_3];\81WUNJP7]Q#+$P'V)G> ,Z;GCE5&R71_TMKX!_X*\O\
M WXB_'+X?_LX^&?^"97@K]I;XZ^(/#U[J&A6'C86UOI_A?P_!-&D^H7MY.CF
M.$SRHB1(-TC[@"&VAP"+]F/_ ()I?\$*/A+\??"OQ)_9R\?Z+<^.='U5;CPS
M;V_[06HZH[W(!  M9-2D2<X)^0HP]J_0.OR<_91^&'@/]D#]LKX9^$?VW_\
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@#\C/^#AG_ ).6\$?]B+_[>7%?G]7Z _\
M!PS_ ,G+>"/^Q%_]O+BOS^K\/XE_Y'M?U_1'^G_@K_R:W*_^O;_]+D%%%%>&
M?J(4444 %%%% !1110 4444 %%%% !1110 5]K_\$$?^3X[K_L1=0_\ 1UM7
MQ17VO_P01_Y/CNO^Q%U#_P!'6U>QP_\ \CK#_P")'YWXM_\ )M,V_P"O,_R/
MV=HHHK]T/\LPHHHH **** "BBB@ K^$+]K#_ ).F^)?_ &4#6?\ TNFK^[VO
MX0OVL/\ DZ;XE_\ 90-9_P#2Z:@#]O\ _@TV_P"4IG[7?_;Q_P"GR>OW^K\
M?^#3;_E*9^UW_P!O'_I\GK]_J "BBB@ HHHH **** $DDCAC:661515)9F.
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M_O\ ]-P"BBBOP(_H4**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MP_\ \CK#_P")'YWXM_\ )M,V_P"O,_R/V=HHHK]T/\LPHHHH **** "BBB@
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M+_UY7_I<S^Q_HY?\DGB_^O[_ /3< HHHK\"/Z%"BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M17X$?T*%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110!^1G_!PS_R<
MMX(_[$7_ -O+BOS^K] ?^#AG_DY;P1_V(O\ [>7%?G]7X?Q+_P CVOZ_HC_3
M_P %?^36Y7_U[?\ Z7(****\,_40HHHH **** "BBB@ HHHH **** "BBB@
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MSQ3^PW^TOJ7Q6\!_LU_#VY2U\86O@?X<:W>:A\5-24_OK!KNRMV^R:5$RE)
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M4 %%%% !7\(7[6'_ "=-\2_^R@:S_P"ETU?W>U_"%^UA_P G3?$O_LH&L_\
MI=-0!^W_ /P:;?\ *4S]KO\ [>/_ $^3U^_U?@#_ ,&FW_*4S]KO_MX_]/D]
M?O\ 4 %%%% !1110 4444 87Q/\ "W@;QS\-/$7@GXGV]M-X:UC0KNQ\117L
MPCA>QEA>.=9&)&U#&S@G(P,G-?F5\$_^"<7PS\*?$CX2Z!^T/_P6ET'XG_!/
MX :]#K7P=^%>I)HME-8WEJC)IS7^HQ7!>^%FC8B!1.@'R)E&_4#QEX0\,_$'
MPAJO@'QIHT.HZ-KFFSZ?JVGW )CNK::-HY8F _A9&93[&OE+_AP1_P $;?\
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MBE56)*B7:2VW<0#Z/HHHH *\+\ _\I!/'_\ V(FE?^C&KW2O"_ /_*03Q_\
M]B)I7_HQJ /=*^!O^"]'_)-/A[_V';W_ -$QU]\U\#?\%Z/^2:?#W_L.WO\
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MB33OVIM<\>7-G>SK&XT/6K*QGL[O#$?N2L,@W_=&,$BK'_!OTO\ PE7P1_:
M_:%T?,GAGXN_M=>/?&'@J^ ^2^TF:Y@M8KA#_$K/:2D$<'!KW[]J?_@F-^P1
M^VQXML/'W[47[,7AWQ9KFFVGV2VUBY$UO=/;;BPMY9;=XVGA!+$12%D!9OE^
M8Y]B\#^!O!GPS\':9\/?AUX4T[0M!T6QCL](T;2;-+>ULK>-0J111H J(H
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M44 %%%% !7\(7[6'_)TWQ+_[*!K/_I=-7]WM?PA?M8?\G3?$O_LH&L_^ETU
M'[?_ /!IM_RE,_:[_P"WC_T^3U^_U?@#_P &FW_*4S]KO_MX_P#3Y/7[_4 %
M%%% !1110 4444 %%%% #4BBC9WCB56D;+D+@L< 9/KP /PIU%% !1110 44
M44 %%%% !1110 5X7X!_Y2">/_\ L1-*_P#1C5[I7A?@'_E()X__ .Q$TK_T
M8U 'NE? W_!>C_DFGP]_[#M[_P"B8Z^^:^!O^"]'_)-/A[_V';W_ -$QU^C>
M$G_)Q,!_BE_Z;F?FGC!_R;?,/\,/_3D#\S****_O(_S^"BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@#V__@FY_P GQ_#G_L.-_P"B)*_;VOQ"_P"";G_)
M\?PY_P"PXW_HB2OV]K^1/I"_\E3A?^O*_P#2YG]C_1R_Y)/%_P#7]_\ IN 4
M445^!']"A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 ?D9_P<,_\
MG+>"/^Q%_P#;RXK\_J_0'_@X9_Y.6\$?]B+_ .WEQ7Y_5^'\2_\ (]K^OZ(_
MT_\ !7_DUN5_]>W_ .ER"BBBO#/U$**** "BBB@ HHHH **** "BBB@ HHHH
M *^U_P#@@C_R?'=?]B+J'_HZVKXHK[7_ .""/_)\=U_V(NH?^CK:O8X?_P"1
MUA_\2/SOQ;_Y-IFW_7F?Y'[.T445^Z'^684444 %%%% !1110 5_"%^UA_R=
M-\2_^R@:S_Z735_=[7\(7[6'_)TWQ+_[*!K/_I=-0!^W_P#P:;?\I3/VN_\
MMX_]/D]?O]7X _\ !IM_RE,_:[_[>/\ T^3U^_U !1110 4444 %%%% !111
M0 4444 %%%?,W_!3_P#X*J_LR_\ !+#X$7OQ5^-.OV^H>(I[20^$/A]97RIJ
M?B"X .%C7#-% I&9+EE*1J#]YBJ, ?3-%>,_'C]N'X1?LQ_L67'[;_QL2\L/
M#MIX9LM5ETW3T%S=SS78B6WL;=?E$LTDTT<*9V@LP)*KDCR'X0?\%2_B<WQ^
M\"? 3]M7]@_Q;\#)OBNDZ?#+7-7\4Z?J]EJ=[%"9VTZZ:T;.GWC0C<D,@(<J
MR!MRX(!]B45\@_&O_@J#\2K+]HSQG^S/^Q5^PWXH^.>L_"^QM9_B;J.E^*]/
MT6QT:>YB\Z"PAEO&_P!-O3"-YAC ";E!<,2J^V?L9?M=_"C]N?\ 9TT#]I3X
M.?VA#I.MB:*XTO6;7R+_ $J]@E>"YLKJ+)\N>*:-T89(. RDJRD@'J5%%% !
M7A?@'_E()X__ .Q$TK_T8U>Z5X7X!_Y2">/_ /L1-*_]&-0![I7P-_P7H_Y)
MI\/?^P[>_P#HF.OOFO@;_@O1_P DT^'O_8=O?_1,=?HWA)_R<3 ?XI?^FYGY
MIXP?\FWS#_##_P!.0/S,HHHK^\C_ #^"BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@#V__ ()N?\GQ_#G_ +#C?^B)*_;VOQ"_X)N?\GQ_#G_L.-_Z(DK]
MO:_D3Z0O_)4X7_KRO_2YG]C_ $<O^23Q?_7]_P#IN 4445^!']"A1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 ?D9_P<,_\ )RW@C_L1?_;RXK\_
MJ_0'_@X9_P"3EO!'_8B_^WEQ7Y_5^'\2_P#(]K^OZ(_T_P#!7_DUN5_]>W_Z
M7(****\,_40HHHH **** "BBB@ HHHH **** "BBB@ K[7_X((_\GQW7_8BZ
MA_Z.MJ^**^U_^""/_)\=U_V(NH?^CK:O8X?_ .1UA_\ $C\[\6_^3:9M_P!>
M9_D?L[1117[H?Y9A1110 4444 %%%% !7\(7[6'_ "=-\2_^R@:S_P"ETU?W
M>U_"%^UA_P G3?$O_LH&L_\ I=-0!^W_ /P:;?\ *4S]KO\ [>/_ $^3U^_U
M?@#_ ,&FW_*4S]KO_MX_]/D]?O\ 4 %%%% !1110 4444 %%%% !1110 5\)
M_P#!>/\ 9T^!,?\ P3K_ &C/VGC\)]#D^(<WP;FT8^,9K!9-0CT^.4NMM',V
M6BCW2N65-NXD;LX&/NRO+_VU?V7]!_;4_93\=_LI^*/%-YHFG^.] ETJ[U:P
MA22:U1R"717^4D8Z&@#XE_X*ZH7_ ."<W[*7]H?\@0?'GX5?\)-O_P!7]@\U
M WF=MN_RNO&<5VO_  7I#'0OV3%TL_\ $Y/[;OP__L;9]_S/,N_,Q_L^5YF[
MMMSFOI/X^?L1?!S]IO\ 8TN_V(OC$+^]\,7OANSTI[^RG$%[;R6@B:VO8'P1
M'/%+#%,AP5#(,AER#XW\'?\ @E=\28/C[X%^/7[:?[>7C'XZ3?"A9W^&&AZW
MX9T_2;/2[N6(P'4;H6BYU&]6$[$GE(VDLX7>VX '(_\ !#^-D^('[;']M_\
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M110 4444 %%%% !7\(7[6'_)TWQ+_P"R@:S_ .ETU?W>U_"%^UA_R=-\2_\
MLH&L_P#I=-0!^W__  :;?\I3/VN_^WC_ -/D]?O]7X _\&FW_*4S]KO_ +>/
M_3Y/7[_4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %>%
M^ ?^4@GC_P#[$32O_1C5[I7A?@'_ )2">/\ _L1-*_\ 1C4 >Z5\#?\ !>C_
M ))I\/?^P[>_^B8Z^^:^!O\ @O1_R33X>_\ 8=O?_1,=?HWA)_R<3 ?XI?\
MIN9^:>,'_)M\P_PP_P#3D#\S****_O(_S^"BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@#V_\ X)N?\GQ_#G_L.-_Z(DK]O:_$+_@FY_R?'\.?^PXW_HB2
MOV]K^1/I"_\ )4X7_KRO_2YG]C_1R_Y)/%_]?W_Z;@%%%%?@1_0H4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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MK/\ Z735_=[7\(7[6'_)TWQ+_P"R@:S_ .ETU '[?_\ !IM_RE,_:[_[>/\
MT^3U^_U?@#_P:;?\I3/VN_\ MX_]/D]?O]0 4444 %%%% !1110 4444 %%%
M% !1110 45YM^V)^TUX0_8S_ &6O'O[5'CO3+B^TKP'X9NM7N=/M)%26\,2$
MI C-\JM(^U 3P"XKP;]G[_@HS^V=\:?'GA;1/$__  2!^*'@[PUXCN(/M'C'
M6/&6ARV^FVTJAA<RPQ7!F*@$$J%W<]* /L*BOD'XU_\ !4'XE67[1GC/]F?]
MBK]AOQ1\<]9^%]C:S_$W4=+\5Z?HMCHT]S%YT%A#+>-_IMZ81O,,8 3<H+AB
M57VS]C+]KOX4?MS_ +.F@?M*?!S^T(=)UL317&EZS:^1?Z5>P2O!<V5U%D^7
M/%-&Z,,D' 925920#U*BBB@ KPOP#_RD$\?_ /8B:5_Z,:O=*\+\ _\ *03Q
M_P#]B)I7_HQJ /=*^!O^"]'_ "33X>_]AV]_]$QU]\U\#?\ !>C_ ))I\/?^
MP[>_^B8Z_1O"3_DXF _Q2_\ 3<S\T\8/^3;YA_AA_P"G('YF4445_>1_G\%%
M%% !1110 4444 %%%% !1110 4444 %%%% 'M_\ P3<_Y/C^'/\ V'&_]$25
M^WM?B%_P3<_Y/C^'/_8<;_T1)7[>U_(GTA?^2IPO_7E?^ES/['^CE_R2>+_Z
M_O\ ]-P"BBBOP(_H4**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MP_\ \CK#_P")'YWXM_\ )M,V_P"O,_R/V=HHHK]T/\LPHHHH **** "BBB@
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** /R,_X.&?\ DY;P1_V(O_MY<5^?U?H#_P '#/\ R<MX(_[$
M7_V\N*_/ZOP_B7_D>U_7]$?Z?^"O_)K<K_Z]O_TN04445X9^HA1110 4444
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M$25^WM?R)](7_DJ<+_UY7_I<S^Q_HY?\DGB_^O[_ /3< HHHK\"/Z%"BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M -+IJ_N]K^$+]K#_ ).F^)?_ &4#6?\ TNFH _;_ /X--O\ E*9^UW_V\?\
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M$C_H._\ *5'_ .5GY_\ \05\,O\ H _\JUO_ )8?SF_\*R_X* _](J?V@/\
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M+_@H#_TBI_: _P#"7MO_ ))K^C*BC_B,GB1_T'?^4J/_ ,K#_B"OAE_T ?\
ME6M_\L/YS?\ A67_  4!_P"D5/[0'_A+VW_R31_PK+_@H#_TBI_: _\ "7MO
M_DFOZ,J*/^(R>)'_ $'?^4J/_P K#_B"OAE_T ?^5:W_ ,L/P%_9NUC_ (*
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M?\/J_P#@H#_TK\?M ?\ @SMO_C-?HW10!^<G_#ZO_@H#_P!*_'[0'_@SMO\
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M/V@/_!G;?_&:/^'U?_!0'_I7X_: _P#!G;?_ !FOT;HH _.3_A]7_P % ?\
MI7X_: _\&=M_\9H_X?5_\% ?^E?C]H#_ ,&=M_\ &:_1NB@#\Y/^'U?_  4!
M_P"E?C]H#_P9VW_QFC_A]7_P4!_Z5^/V@/\ P9VW_P 9K]&Z* /SD_X?5_\
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MM_\ &:_1NB@#\Y/^'U?_  4!_P"E?C]H#_P9VW_QFC_A]7_P4!_Z5^/V@/\
MP9VW_P 9K]&Z* /SD_X?5_\ !0'_ *5^/V@/_!G;?_&:/^'U?_!0'_I7X_:
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M: \*?V-H7]G?8_[*MK[SOWTDOF;_ #(MO^LQMP>F<\XKY^_X9Q_X* _](O\
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MV"?V]/VE/VN?&VN^%_CA_P $U?B5\#[/2=*2ZLM9\;W<,D.HRM($-O&$12'
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M#>/Q[X5^S6<YM=5T!YDA%W!<E!%(0\L6Z(-YJK(K% I!H ]3HKP[QM_P4?\
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M9X'\6:SX"U?3_#_B>^7=FVT[5;FU2TNY"48(L<A\PC]WOR,@'TY17S)\9O\
M@KW^PU\!_B#XC\ ^//&WBB2/P5?1V7COQ1H7PYUK4]"\+W3HCK!J&IVEI):V
ML@61"RO)^[##?MK>_:"_X*7_ +*'[./C6R^&WB?6_%'B3Q#>>'8_$#Z-\./
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M[3UE\-?#WP/U7PI!X*\:R> 5UH>&H;[1[*ZN))+.)1)?[YYG 5B2OF#& N*
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M3M]%L?@]<7=NDL4EUJH2:*Y=&#*RPV?VB[8$,NVV;((S63^S+_P5)\ >$/\
M@F]^S]^T5^V=\0KF[\=?%OPA93:?HOA?PK<:AJOB34VMQ+.MEIFFPR2R;00S
M>7'LC#+N*[AD ^SZ*^>=!_X*G_L0:_\ LZ>,_P!J-?BU<V'ACX<WJ6?Q!M]9
M\-:A9:KX;N6DCC$-[IT\"W<#%I4QNBP02P)4$BG\%_\ @K/^Q#\>_C'8_ OX
M?^/M?77M=TZ[U#P>VM> ]7TZT\5VMJGF7$VDW-U;1Q:BJ(-^8&;<GSIN7YJ
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MA2_T^S\/Z?-H\]FNF237D$6;F[FFC4VR9<+ S.JA<U^B]% 'Y >%?AMKMO\
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M8T^\\5I"NJ12S6-O#8VBFU2:3RHPL(+!=P+JZNW[K44 ?CO\7O!^M_LZ?\%
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M4-5^(W]E^&[7P1?WK>/X=9GOKFRU:VGB@:&6!H;F,2RLX, MI/,"[ #^O]%
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M-?PT;7$\,1G4PMV(-4>T232K>TB:6YCNO/EB"JOS'.!^X-%% !1110 4444
M%%%% !1110 4444 %?PA?M8?\G3?$O\ [*!K/_I=-7]WM?PA?M8?\G3?$O\
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M^T:?(\(#EG&S.X;"2.10!Z/1110 4444 %%%% !1110 4444 %%%% !1110
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M7-%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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MBBB@ HHHH **** "BBB@ HHHH **** /.?C_ /M?_LI_LI6MC>?M-?M(^!O
M":FS+IO_  F'BFUTYKLKC=Y2SR*9,9&=H..^*ZCX9_%/X9?&CP79?$CX/?$3
M0_%?A[4D+:?KOAO5H;ZSN5!P3'-"S(^""#@G!&*^#/VI?V>OVI/V>_\ @H[X
MU_;U\&_L&Z%^T[X1\=^"]$T9=*.NV-KXB\!C3Q.)H["'45\FYMKIIA*\<3I(
MTHY&%!?@_AA^W[^PQ^P[^RI^UG^VA^S3\%?'?@/Q9H>KZ1J7Q _9U^(FEQZ$
MGAS7[U8=.L9XK2)2EO;7TCQRRSQR2K((F<;,!: /U-HK\JO@3_P6EU[PU^TQ
M\'_AQXW_ ."BOP$^/UC\7O%L'A?7?#7PN\-3:7?^#=2NHG:UN+61[R?[?8>>
MHMI&F6.4>;%(.K)78_#K]J?_ (*\_M!?!_XW?M0?#7XB?"70=(^$'Q(\9:-X
M1\#ZCX%NKM_&EIHM_<(1=W@OD-B6CB$"&)&)D1Y'^5E10#]'I=1T^"^ATR>_
MA2YN$=[>W>4!Y53&\JO5@NY<D=-PSUJ:ORV\$?%[XP_M8_\ !8;]F[]J[X:?
M%O0O#WA'QQ^R5=>*X?#VJ>"Y+NXL](FO]&EO]-:X6^C4W$DC+MNA'MA$14PS
M9##R.7_@XE\9^+_@SKW[;OA+]N[]GS08=-NKZ]\-_LN:YHDSZWJ^C6L\BK%<
M:J+L-;ZI<PQM)$D=N\2L\*,&W,0 ?M+17P%J'[9?[<G[7O[;TO[,_P"QA\3/
M W@'P/>_ #PS\1[;QOXI\$2ZUJ-J=2GNU2U2U6\@B<RJD)+NV(A#( KF12GB
MMO\ \%,?^"KK_P#!.JZ_X*C>)/%'PCTW0OAQXJ.A^*OAGI_@Z[N'\6Q6>MKI
M&H7R:@]XIT]VD\UX8%AD"B(%W??M0 _4W1?B3\._$?C36_AOX>\?:+?^(O#,
M=K)XCT&RU6&6]TI+I7>V:Y@5B\ E6.1HRX&\(Q7(!K:K\S_#G@C]N'QU_P %
MH_VN='_9)^,_@[X>:<?"WPZF\0^)_$W@N37KB6YCTR^%K:6]L+JW18W$D[RR
MLS,HCB5%^=F7"^)G_!=WXC^$/V:_A]X3\?:[\-?A?\7O$GQD\3_#3Q[XS\4K
M<3^%?"UQX==UU/5(HO-26Y$BFV%O;O(H,MVJO(0A+@'ZFT5^67PC_P""U_B^
M2S_:&^#/A[]JGX5?'C7/AO\ LWZY\4?A_P#$[P+H+V%K*]A%(DNFZI8"YE59
M8YVM75HI0)(93D*RFOK?_@F?XJ_;M^+/P=L?VB/VROB#X$N[/XB>%]&U_P (
M^$/!OAJ>U?PU'<V[326UQ=2SO]L8I);Y8(@602@97;0!ZY\9_P!J']F?]G Z
M</VA_P!HGP+X"_MB5H](_P"$T\766E_;G&,K#]IE3S2,C(7)Y'K70^(_B-\/
M?!W@:X^*'B[QYHVE>&;2Q%[=>(M2U2&"QAMB 1,]P["-8R"#O+8P1S7SC^UM
M^RYX.\#^,/&W[;'P_P#V()/VAOB?XG\-V/AJ/P?KFNZ7#;6NEVZW+F*V?5,1
M6L,DDI,ZIO:5V0[#@U^?_P"S'8^#OBC^S%_P3W_8;\3^)&\2>&)_C?XJ7XG^
M%]6TV:".PU;0[75=3C\-W5M<Y=H+*Y>*%8I<K(EI"V-NT  _7SX/?';X(?M#
M>$_^$]^ 'QD\*>.="%PUO_;7@_Q#;:G:>:N-T?G6SNFX9&5SD9%=77PQX!\)
M^%O@%_P7ZU/X?_![PU8>']"^)G[+)\0^+]&T6T2WMKK5M+\00V=M?O&@"^;]
MFOI(2^,E43/2ON>@ HHHH **** "BBB@ HHHH **** "BOAOQ=^T1_P48^-7
M_!4#XB_L<?LV>/?ASX1\$?#'0/"7B'5]<\1^$[C4KZ\2_P#M/FZ>BI<Q(!*(
M)&$W#1>2H ;S"5\#_;=_X*M_M4_LW6'Q,^)FJ_\ !0/]F[PGXK\#:CJDWAK]
MF:#0_P#A(M5U33K-V,4>HWUIJ FM+NXB4R%5@1(=R!SC<P /U:?4=/BU"+29
M+^%;N>&2:&U:4"22-"BNZKU*J9(P2. 77/45-7YGVWBGXY_$/_@N]\.?COI?
MQA\/:#X7U7]C*;Q/<:'>^"I;N:VT-]9TB2\T_P"T+>Q@W#SLLJW?E8C1/*,$
MA/F#P<_\'%/CG6_@?J'[<VD?MS_L^Z:MM=7%_I?[*>HZ-*VMWFBQ7#*()=7%
MWF+5I8%,J*ELT(<HA4Y) !^U%%?F3^US_P %7OBKI'[5"_"_3_VOOA_^S7X'
MU#X>Z'XB^%OBWXJ_#.ZU2Q^(-Q?P23S1OJ'VJ"UTZ&VQ!$Z%C,3([@D  ??O
M[,OC?XB?$G]GOP;X^^+<7A5?$VK^'K:ZUL^!]8.H:/)<.@+265P>9;=C\R$D
M_*P&YL;B =S1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 445\1ZM_P4\\8_L]:1^V
M#I_[3]CI!UK]GN8:_P"#(M-M7@77O#FI6?FZ(F&=C)<->)-8R.NU3*B_*NZ@
M#[<HK\M_C_\ \%:_CK\*OBK\//V*_CK^U_\ ![]G_P ;P_!O3/%_Q=^(GC'P
MP]]#_;%XS*FBZ5I[W<2_NS'*TLTLK83R]JAB:IZ7_P %Q?C;XS_8/\:_$CX>
MZ[X'\1^(_AS\;=/\#^-?C%X,\+7^L>'++PY=(DW_  EZ:9!*;AU2%]CV@F8)
M."=Y3Y: /U4HK\\/@G_P4._:HU+]E'XZ_&SX/?';X/?M81>!_!":Q\.-4^&5
MA)IVK76HF*8RZ?JNC17$[Q;-B21['CDF0.@4,00W_@G7_P %&/B9\=_BC;W,
MG_!0_P"!WQL\&'PCJ&I^.M'TCPC<>$_%7@R[MT1U$>FSW,TUW:DF6-S+'&\;
M(IWMG:0#]$:Q=+^)/P[USQQJWPQT7Q]HMYXET&UMKK7/#UKJL,E]IT%QO^SR
MSP*QDA27RY-C.H#^6VTG:<?C@/\ @XJ\=:C\#;K]NBS_ &Y?V?;3RKF6_L_V
M4+K1I3K<^BI<%1 ^L"[RFK/;@RJJVQ@#E4*D$D?8G[%/B_1?B#_P6/\ VEO'
MOAN5Y-.UOX,?"_4+!Y%VLT,T.L2(2.QVL.* /N6BBB@ HHHH **** "BBB@
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M9H+F%U#))'(A*NC @A@2"#D5\'_!;1OA9^V'_P %H_C%XV^(FD:/XTT/X=?
MGP39_#8:K9Q7EI'::X=0O;N]@CD4H'F$$"-* &,:JF=O%=%_P1*AB\%^$OVB
M_P!GCPY$+?PE\+?VJ/%>@>!=,BX@TK2I([+45L81_#'%-?3A5'"J0.U 'VS1
M110 4444 %%%% !1110 4444 %?PA?M8?\G3?$O_ +*!K/\ Z735_=[7\(7[
M6'_)TWQ+_P"R@:S_ .ETU '[?_\ !IM_RE,_:[_[>/\ T^3U^_U?@#_P:;?\
MI3/VN_\ MX_]/D]?O]0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% 'QK\7/V#OVSOA7^UAXU_:]_P""<'[2/@GP[<_%&.PD
M^(_P[^*WA.YU/1+_ %"SMQ;0ZE;RV5Q!<6LWD(B.BDI(5#,<@ <_#_P1QU[X
MY_"GX[M^W-^T+'XI^)7Q_P!*TBPUGQ'X*\/_ -E:?X7@TF0SZ5%IMO)++(WD
M71^T-)-(6E8*#M R?NJB@#Y.^%_[.'_!43Q+\5O FJ_M7?MK^#6\(?#^Z:[N
M=.^%/A"\TF^\=7(A:*)M6DGNI8X8 6\U[:W79))U(4*J_(O[!?[/'_!0;X[_
M  ._:-^%GP+_ &J?!'A7X=^//VD/B1I6LRZYX)N;W7?#D<FL7$-TVERQW<<#
MF:-B5$\9\F1G<%]P5?UKID%M;6JLMM;I&&<NPC0#+'DDX[GUH ^0M1_X)J>.
M/A/^TC^SY\8OV0OB+X;T7P]\(/AL?AMK_A?QCHD]ZVI>%VFL'8VTT$T7E7H6
MRP'D5XRTFYE."K<+X&_X)J_\%$OV>O@O=_L,_LI_MQ>$/"OP5;4KK_A&O$5S
MX+NY?&WA+2;FY>XDTVRN5NUM963S)$BNI8P\:M]UBJ;?OJOGW]H__@I+\"/V
M<OBVGP!7P5\1/B#XZCT1=:U3PE\*O =YKUYI.FN[)'=78@79;H[(P16;>^/E
M4C!(!+\,_P!C'6/AY^WOXH_;"?XB'4=/U[X0Z#X+@TN]C>2]633KN\G:[FG)
MQ(9!<@'@'<K$GFO&-4_X)(>,]0_X)(>./^";"_&;3%U3Q;XEU?5(?%)TJ3[/
M;K>>)'UA4:'?N8JC>42&&6&[IQ7LE]_P4^_8QMOV1M+_ &V;#XGSZEX)UW48
MM*T&/2]$NI]4U+5Y)VMDTF'3UC^TM?&=7B-OL#J48L JEA>_9S_X*&?L\?M'
M6WC.VLV\1>"=<^'-M'=^._"?Q,\.S:%J>AV<D3RQ7D\-R /LSQQR,LZ,T>$;
M+ @B@#R/QQ^P[^WE\/OVX_BS^VE^Q[^TC\.]/7XJ:-H&EZAX+^(7@^]O;2(:
M;:20QWHFM+J&19T:1RJ#,<B2LKX*HXP(O^"-OB7X=_!/X9ZE\#OVE!:_'?X9
M?$76O'L?Q0\1>&Q<6?B36M:\X:U%?6,4J%+2[2;RML4@DA6*(AV926[SX8_\
M%FOV/OBAXQ\(Z'!HGQ*T#P_\0]7CTOX<_$7Q=\-=1TSPYXHO)<_9X;.^GC"E
MIPI,/FB,38^0L2 =3X^_\%;?V5/V>_BAXG^%NLZ+\0_$TW@&TANOB9K7@/X>
M:AK.F^"X98O.1M2N+:-EA/D_OBB[W6,%V51S0!S.H?L1_MT?'KX:_'"P_:Y_
M:V\/W&I_%'X0ZEX$\+>#/ >AW=KX6\,K=6UQ$VI/%<SR3WEVSS+ND)3;&A11
MAAM^D_V>?AC=_!/X ^!O@S?ZM'?S^$?!^F:+-?0Q%$N7M;6. R*I)*AC&2 2
M<9K=\%>,_"?Q'\&Z3\0O ?B&TU?0]=TV#4-&U6PF$D%Y:S1K)%-&PX9'1E8$
M=016G0!\K_&K]E[]O3PI^T]XE_:2_8B_::\*06GCS0["P\4^ /B]I.HZGI6G
MW5FCQPZCI9M+J)K5VC?$MOCRYF7>6#$$>?P?\$<-;\&_LP>%O#7PU_:/*_&_
MPE\8[SXLQ?%;6?#JO;:OXJOGG_M$7-A%*NVQN8;B2W,,<H9$$;!V9#N^Z**
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M4?%/B>"7Q$=+6*2*.SM9H;:*"SB19IB%A@7+2%VW, 0 >$^.M2T__@K+\2O
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M]I9><L \D.6D>XN7P)68?O37F_Q8_9:^&GQE^./PM_:"\73ZHNO?"'5-4O\
MPHEG=*EN\M_I\MA/YZ%"9%\F5BH#+AL$Y'%>D4 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !7\(7[6'_)TWQ+_[*!K/_I=-7]WM?PA?M8?\G3?$O_LH
M&L_^ETU '[?_ /!IM_RE,_:[_P"WC_T^3U^_U?@#_P &FW_*4S]KO_MX_P#3
MY/7[_4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %?PA?M8?\
MG3?$O_LH&L_^ETU?W>U_"%^UA_R=-\2_^R@:S_Z734 ?M_\ \&FW_*4S]KO_
M +>/_3Y/7[_5^ /_  :;?\I3/VN_^WC_ -/D]?O]0 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 5_"%^UA_R=-\2_^R@:S_Z735_=[7\(7[6'
M_)TWQ+_[*!K/_I=-0!^W_P#P:;?\I3/VN_\ MX_]/D]?O]7X _\ !IM_RE,_
M:[_[>/\ T^3U^_U !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\
M': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O
M:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /
M[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A
M"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*
M_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:
MP_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_
MX:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F
M_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_
M:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"C
ME?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z
M.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!
M_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^(
M'_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%
ME??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A9
M7W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_
M !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_Q
MVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC
M_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_A
MK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#
M]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J
M;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_
M *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY
M7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5
M^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?
M^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_
M (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E?
M?_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65
M]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_':
M /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\
M': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O
M:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /
M[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A
M"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*
M_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:
MP_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_
MX:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F
M_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_
M:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"C
ME?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z
M.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!
M_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^(
M'_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%
ME??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A9
M7W_QVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_
M !VC_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_Q
MVC_AK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC
M_AK#]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_A
MK#]J;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#
M]J;_ *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J
M;_HY7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_
M *.5^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY
M7X@?^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5
M^('_ (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?
M^%E??_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_
M (65]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E?
M?_': /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65
M]_\ ': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_':
M /[O:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\
M': /[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O
M:*_A"_X:P_:F_P"CE?B!_P"%E??_ !VC_AK#]J;_ *.5^('_ (65]_\ ': /
M[O:*_A"_X:P_:F_Z.5^('_A97W_QVC_AK#]J;_HY7X@?^%E??_': /[O:_A"
M_:P_Y.F^)?\ V4#6?_2Z:C_AK#]J;_HY7X@?^%E??_':X2[N[J_NI;Z^N9)I
4YI&DFFF<L\CDY+,3R22<DF@#_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
