Teekay Offshore Partners (TOO) Reports Q4 EPS of $0.30
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Teekay Offshore Partners Reports Fourth Quarter and Annual 2018 Results
February 8, 2019 2:00 AM ESTHighlights
GAAP net income of $67.8 million, or $0.14 per common unit, in the fourth quarter 2018Adjusted net income attributable to the partners and preferred unitholders(1) of $130.5 million, or $0.30 per common unit, (excluding items listed in Appendix B to this release) in the fourth quarter 2018Adjusted EBITDA(1) of $289.5 million in the fourth quarter 2018In October 2018, entered into settlement agreements with Petrobras, including a positive settlement relating to previously-terminated charter contracts for the HiLoad DP unit and Arendal Spirit UMS for a total of $96 million (refer... More