Teekay Offshore Partners (TOO) Tops Q4 EPS by 3c
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Teekay Offshore Partners Reports Fourth Quarter and Annual 2016 Results
February 23, 2017 7:02 AM ESTHAMILTON, BERMUDA -- (Marketwired) -- 02/23/17 -- Highlights
-- Reported GAAP net income attributable to the partners and preferred unitholders of $92.0 million and adjusted net income attributable to the partners and preferred unitholders(1) of $8.5 million (excluding items listed in Appendix A to this release) in the fourth quarter of 2016 . -- Generated GAAP income from vessel operations of $56.5 million and $230.9 million, respectively, and total cash flow from vessel operations(1) of $134.8 million and $584.3 million, respectively, in the fourth quarter and fiscal year 2016. -- Generated distributable cash flow(1) of $21.6 million, or $0.15 per common unit, in the fourth quarter of 2016 and $161.3 million, or $1.28... More