TGP - Teekay LNG Partners L.P.

NYSE - Nasdaq Real Time Price. Currency in USD
11.31
-0.22 (-1.88%)
As of 12:39PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close11.53
Open11.69
Bid11.32 x 800
Ask11.33 x 900
Day's Range11.23 - 11.52
52 Week Range7.00 - 16.74
Volume62,257
Avg. Volume387,293
Market Cap998.404M
Beta (5Y Monthly)1.50
PE Ratio (TTM)7.12
EPS (TTM)1.59
Earnings DateJul 30, 2020 - Aug 03, 2020
Forward Dividend & Yield1.00 (8.67%)
Ex-Dividend DateApr 30, 2020
1y Target Est17.00
  • Teekay LNG Partners L.P. (TGP) Q1 2020 Earnings Call Transcript
    Motley Fool

    Teekay LNG Partners L.P. (TGP) Q1 2020 Earnings Call Transcript

    Before Mr. Kremin begins, I would like to direct all participants to our website at www.teekaylng.com, where you will find a copy of the first quarter of 2020 earnings presentation. Before we get into our results, we will take a moment to say thank you to all our seafarers and shore based staff for their extraordinary dedication to maintain business continuity.

  • Teekay Corp (TK) Q1 2020 Earnings Call Transcript
    Motley Fool

    Teekay Corp (TK) Q1 2020 Earnings Call Transcript

    Hello, everyone, and thank you very much for joining us today for Teekay Corporation's first quarter of 2020 earnings conference call. On the call today, I'm joined by Vince Lok, Teekay's Group CFO. Before we get into our results, I would like to take a moment to thank all of our seafarers and shore-based staff for their extraordinary dedication to maintain business continuity and bringing energy to the world with Teekay's spirit.

  • ACCESSWIRE

    Teekay LNG Partners LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Teekay LNG Partners LP (NYSE:TGP) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 21, 2020 at 1:00 PM Eastern ...

  • Benzinga

    Teekay LNG Partners: Q1 Earnings Insights

    Shares of Teekay LNG Partners (NYSE:TGP) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 70.59% year over year to $0.58, which missed the estimate of $0.66.Revenue of $139,887,000 decreased by 6.58% from the same period last year, which missed the estimate of $142,240,000.Looking Ahead Teekay LNG Partners hasn't issued any earnings guidance for the time being.Teekay LNG Partners hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 21, 2020View more earnings on TGPTime: 01:00 PMET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1314040&tp_key=266fadf1bbRecent Stock Performance Company's 52-week high was at $16.74Company's 52-week low was at $7.00Price action over last quarter: down 8.51%Company Overview Teekay LNG Partners LP is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into three segments namely LNG (Liquefied natural gas), LPG (Liquefied Petroleum Gas) and Conventional tanker. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time-charter, voyage charter, and bareboat charter contract.See more from Benzinga * 20 Energy Stocks Moving In Tuesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    Teekay LNG Partners Reports First Quarter 2020 Results

    Highlights GAAP net loss attributable to the partners and preferred unitholders of $33.0 million and GAAP net loss per common unit of $0.50 in the first quarter of.

  • GlobeNewswire

    Teekay Corporation and Teekay LNG Partners L.P. Announce Elimination of Incentive Distribution Rights

    Teekay Corporation (Teekay) (TK) and Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) today announced the execution of a definitive agreement to eliminate all of the Partnership’s incentive distribution rights (IDRs) in exchange for 10.75 million newly-issued Teekay LNG common units (Transaction). The Transaction concurrently closed on May 11, 2020. “This important transaction creates greater alignment between our sponsor, Teekay, and the rest of our common unitholders, and we believe that it removes one of the primary uncertainties for investors in Teekay LNG,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd. “With approximately 98 percent and 94 percent of our LNG fleet operating on fixed-rate charters for 2020 and 2021, respectively, and having increased our quarterly common unit distributions by over 30 percent for two consecutive years, we are well-positioned to continue executing on our balanced capital allocation plan of near-term balance sheet delevering, while continuing to return capital to unitholders.”

  • GlobeNewswire

    Teekay Group Announces First Quarter 2020 Earnings Results Conference Calls

    HAMILTON, Bermuda, May 06, 2020 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).

  • GlobeNewswire

    Teekay LNG Partners Declares 32 Percent Increase In Common Unit Distribution

    HAMILTON, Bermuda, April 16, 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.

  • GlobeNewswire

    Teekay Group Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2019; and Publishes 2019 Sustainability Report

    Teekay Corporation (Teekay) (TK), Teekay LNG Partners L.P. (Teekay LNG) (TGP) and Teekay Tankers Ltd. (Teekay Tankers) (TNK) (collectively, the Teekay Group) today announced that their Annual Reports on Form 20-F for the fiscal year ended December 31, 2019 (Annual Report) have been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the “Investors” section under “Financials and Presentations” for each respective entity. Shareholders and unitholders may also request a hard copy of the Annual Reports, which includes the Teekay Group’s complete 2019 audited financial statements, free of charge by contacting investor relations via e-mail at investor.relations@teekay.com or by phone at +1-604-609-2963.

  • GlobeNewswire

    TEEKAY LNG PARTNERS ANNOUNCES NEW LNG CHARTERS AND REFINANCING OF $225 MILLION UNSECURED CREDIT FACILITY

    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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  • GlobeNewswire

    Connect Online with Major LNG and LPG Company Executives

    Get Expert Updates On Markets & Outlook A Pioneering Initiative - Keeping Our Sense Of Community, Information Flow & Industry Connectivity at Capital Link’s 14th.

  • Teekay LNG Sees Hammer Chart Pattern: Time to Buy?
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    Teekay LNG Sees Hammer Chart Pattern: Time to Buy?

    Teekay LNG Partners has been struggling lately, but the selling pressure may be coming to an end soon.

  • GlobeNewswire

    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.

  • Thomson Reuters StreetEvents

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

    Q4 2019 Teekay LNG Partners LP Earnings Call

  • Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® MLP Market Cap Index
    PR Newswire

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® MLP Market Cap Index

    Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on March 20, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on March 23, 2020:

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  • GlobeNewswire

    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.

  • GlobeNewswire

    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;.

  • GlobeNewswire

    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).

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

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

    Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the January 27, 2020, distribution cut announcement by Alliance Resource Partners, L.P. (NASDAQ: ARLP), after the market closes on February 6, 2020, (the distribution ex-date) and effective on February 7, 2020, Teekay LNG Partners L.P. (NYSE: TGP) will replace ARLP as a constituent of the Index at ARLP's then-current weight.

  • GlobeNewswire

    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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