Teekay (TK) Tops Q3 EPS by 3c

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Go back to Teekay (TK) Tops Q3 EPS by 3c

Teekay Corporation Reports Third Quarter 2017 Results

November 9, 2017 2:57 AM EST

Highlights

Reported consolidated GAAP net loss attributable to shareholders of Teekay of $12.6 million, or $0.15 per share, and consolidated adjusted net loss attributable to shareholders of Teekay(1) of $35.6 million, or $0.41 per share, in the third quarter of 2017.Generated GAAP consolidated loss from vessel operations of $189.8 million (inclusive of $243.7 million of impairment charges) and consolidated total cash flow from vessel operations(1) of $238.1 million in the third quarter of 2017.In September 2017, Teekay and Teekay Offshore completed the previously announced strategic partnership with Brookfield.Subsequent to September 30, 2017, Teekay Offshore's Randgrid FSO unit commenced its... More