TGP - Teekay LNG Partners L.P.

NYSE - NYSE Delayed Price. Currency in USD
9.38
-0.48 (-4.87%)
At close: 4:02PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close9.86
Open10.02
Bid9.41 x 1100
Ask11.70 x 900
Day's Range9.14 - 10.12
52 Week Range7.00 - 16.74
Volume709,728
Avg. Volume424,234
Market Cap727.038M
Beta (5Y Monthly)1.48
PE Ratio (TTM)5.90
EPS (TTM)1.59
Earnings DateMay 20, 2020 - May 24, 2020
Forward Dividend & Yield0.76 (8.44%)
Ex-Dividend DateJan 29, 2020
1y Target Est17.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-14% Est. Return
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    • GlobeNewswire

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      Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announced today that it has secured new fixed-rate charters for two of its 52 percent-owned LNG carriers, a 12-month charter on the Arwa Spirit and an eight-month charter on the Methane Spirit, both of which are expected to commence upon completion and in direct continuation of their existing contracts in May and July 2020, respectively. In addition, Teekay LNG has successfully refinanced its existing $225 million unsecured revolving credit facility, which was scheduled to mature in November 2020, with a new two-year facility of the same amount and pricing consistent with the previous facility of LIBOR + 140 bps. “As we are an integral part of the world’s LNG supply chain, all of our vessels have continued to operate as expected under their existing fixed-rate contracts and I am pleased to report that, with these two new fixed-rate contracts, our LNG fleet is now 98 percent fixed though 2020 and 94 percent fixed for 2021,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd.  “The Partnership expects to continue to benefit from its long-term contracted cash flow, and continue allocating capital in a manner that focuses on delevering and strengthening its balance sheet, while also returning capital to unitholders, including a 32 percent increase in our cash distribution to an annualized amount of $1.00 per common unit effective for the first quarter of 2020.”

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      TEEKAY LNG PARTNERS DECLARES DISTRIBUTIONS ON SERIES A AND B PREFERRED UNITS; AND REITERATES 2020 DISTRIBUTION GUIDANCE ON COMMON UNITS

      Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP), has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units (NYSE:TGP PR A) and $0.5313 per unit on the Partnership’s Series B preferred units (NYSE:TGP PR B) for the period from January 1, 2020 to March 31, 2020. The cash distributions are payable on April 15, 2020 to all unitholders of record as at March 31, 2020. Teekay LNG’s preferred unit distributions are reported on Form 1099 for United States tax purposes.

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      Edited Transcript of TGP earnings conference call or presentation 27-Feb-20 5:00pm GMT

      Q4 2019 Teekay LNG Partners LP Earnings Call

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      Teekay Corporation Reports Fourth Quarter and Annual 2019 Results

      Highlights GAAP net income attributable to shareholders of Teekay of $11.3 million, or $0.11 per share, and adjusted net income attributable to shareholders of Teekay(1) of.

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      Teekay LNG Partners Reports Fourth Quarter 2019 and Annual 2019 Results

      Highlights GAAP net income attributable to the partners and preferred unitholders of $67.4 million and GAAP net income per common unit of $0.77 in the fourth quarter of 2019;.

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      Teekay Group Announces Fourth Quarter and Fiscal Year 2019 Earnings Results Conference Calls

      HAMILTON, Bermuda, Feb. 14, 2020 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).

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      Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP High Income Index

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      Teekay LNG Partners Declares Distribution

      HAMILTON, Bermuda, Jan. 20, 2020 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution.

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      Teekay LNG Partners Declares Distributions on Series A and B Preferred Units

      HAMILTON, Bermuda, Dec. 19, 2019 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions.

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      Teekay Corporation -- Moody's announces completion of a periodic review of ratings of Teekay Corporation

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      Bahrain LNG terminal to start operations by year-end - Teekay

      Bahrain's first liquefied natural gas (LNG) regasification terminal is now expected to start operations by year-end, Teekay LNG Partners said in its quarterly financial results, later than initially expected. The start-up of the terminal had been delayed at least twice, with the last start-up date said to be in the third quarter of the year. Teekay has a 30% share in the Bahrain LNG joint venture, which owns the LNG receiving and regasification terminal under construction in Bahrain.

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      Teekay LNG Partners Reports Third Quarter 2019 Results

      Highlights GAAP net income attributable to the partners and preferred unitholders of $47.4 million and GAAP net income per common unit of $0.51.Adjusted net income(1).