Teekay LNG Partners Reports Second Quarter 2021 Results

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Go back to Teekay LNG Partners Reports Second Quarter 2021 Results

Teekay LNG Partners (TGP) Misses Q2 EPS

August 5, 2021 8:19 AM EDT

Teekay LNG Partners (NYSE: TGP) reported Q2 EPS of $0.00, $0.63 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $325.48 million, versus $482.81 million reported last year.

Total adjusted EBITDA(1) of $171.9 million in the second quarter of 2021.Teekay Parent reduced its asset retirement obligation (ARO) associated with the Banff FPSO by approximately $33 million in the second quarter of 2021.Teekay LNGs LNG fleet is 98 percent fixed for the remainder of 2021 and 89 percent fixed for 2022.Teekay Tankers counter-cyclically in-chartered three Aframax-sized vessels for periods of 18 to 24 months, plus... More