Seapeak LLC (SEAL-PA) Form 6-K — May 15, 2026

Seapeak LLC reported Q1 2026 net income of $40.5 million, a significant increase from $7.9 million in the prior year, driven by a reversal of credit loss provisions and gains on derivative instruments. However, core operational performance weakened, with income from vessel operations falling 33% year-over-year to $44.0 million due to lower charter rates and idle days in the LNG segment. The company disclosed a working capital deficit of $509.5 million as of March 31, 2026, though management asserts sufficient liquidity to continue as a going concern for the next 12 months.

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