Teekay (TK) Posts Mixed Q1 Results

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Go back to Teekay (TK) Posts Mixed Q1 Results

Teekay Corporation Reports First Quarter 2016 Results

May 19, 2016 2:36 AM EDT

HAMILTON, BERMUDA -- (Marketwired) -- 05/19/16 -- Highlights

-- First quarter 2016 consolidated cash flow from vessel operations of $359.0 million, an increase of 12 percent from the same period of the prior year. -- First quarter 2016 adjusted net loss attributable to shareholders of $6.2 million, or $0.08 per share, compared to adjusted net income attributable to shareholders of $15.7 million, or $0.22 per share, in the same period of the prior year. -- Executing on financing initiatives to address Teekay Offshore's 2016 and 2017 funding requirements and further strengthen Teekay Parent's financial position, which are expected to be finalized in June 2016. -- Declared first quarter 2016 cash dividend... More