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Last $35.56 USD
Change Today +0.08 / 0.23%
Volume 126.5K
TGP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 1:02 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

teekay lng partners lp (TGP) Snapshot

Open
$35.47
Previous Close
$35.48
Day High
$35.60
Day Low
$35.30
52 Week High
07/17/14 - $47.49
52 Week Low
10/15/14 - $33.02
Market Cap
2.9B
Average Volume 10 Days
201.6K
EPS TTM
$2.58
Shares Outstanding
74.2M
EX-Date
04/9/15
P/E TM
13.7x
Dividend
$2.80
Dividend Yield
7.83%
Current Stock Chart for TEEKAY LNG PARTNERS LP (TGP)

teekay lng partners lp (TGP) Related Businessweek News

No Related Businessweek News Found

teekay lng partners lp (TGP) Details

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. The company provides its services through a time-charter or bareboat charter contract basis. As of February 19, 2015, it had a fleet of 48 LNG carriers, 30 LPG/multigas carriers, and 8 conventional tankers. Teekay GP L.L.C. serves as the general partner of the company. Teekay LNG Partners L.P. was founded in 2004 and is headquartered in Hamilton, Bermuda. Teekay LNG Partners LP is a subsidiary of Teekay Corporation.

1,639 Employees
Last Reported Date: 04/23/15
Founded in 2004

teekay lng partners lp (TGP) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

teekay lng partners lp (TGP) Key Developments

Teekay LNG Partners LP. Declares Distribution for the First Quarter Ended March 31, 2015 Payable on May 15, 2015

On April 2, 2015, Teekay LNG Partners LP. declared a cash distribution of $0.70 per unit for the first quarter ended March 31, 2015. The cash distribution will be paid on May 15, 2015 to all unitholders of record on April 13, 2015.

Teekay LNG Partners LP. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Teekay LNG Partners LP. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported voyage revenues of $97,326,000 against $101,490,000 a year ago. Income from vessel operations was $45,097,00 against $45,383,000 a year ago. Net income before tax recovery was $66,126,000 against $43,491,000 a year ago. Net income was $66,351,000 against $43,096,000 a year ago. Net operating cash flow was $87,497,000 against $41,399,000 a year ago. Expenditures for vessels and equipment was $61,699,000 against $1,620,000 a year ago. The Partnership reported adjusted net income attributable to the partners of $43.9 million for the quarter ended March 31, 2015, compared to $41.8 million for the same period of the prior year. Adjusted net income attributable to the partners for the quarter ended March 31, 2015 increased from the prior year, primarily due to the termination of capital leases and the subsequent refinancing at a lower interest rate of three LNG carriers owned by the Partnership's RasGas II Joint Venture in December 2014, scheduled dry-dockings for two of the Partnership's vessels and unscheduled off-hire days for one of the Partnership's LNG carriers for repairs during same quarter of the prior year, and the acquisition of one LPG carrier from Skaugen, the Norgas Napa, in November 2014, partially offset by the Magellan Spirit grounding incident and related disputed off-hire during the first quarter of 2015, the scheduled expiration of the time-charter contract for the Methane Spirit in mid-March 2015 and the sale of two conventional tankers in February 2014 and August 2014, respectively.

Teekay LNG Partners LP., Q1 2015 Earnings Call, May 15, 2015

Teekay LNG Partners LP., Q1 2015 Earnings Call, May 15, 2015

 

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TGP Competitors

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Company Last Change
GasLog Ltd $20.92 USD -0.15
Golar LNG Partners LP $28.30 USD -0.36
Qatar Gas Transport Co Ltd 22.52 QAR -0.13
Suburban Propane Partners LP $43.54 USD +0.30
Teekay Corp $46.68 USD -0.25
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Industry Analysis

TGP

Industry Average

Valuation TGP Industry Range
Price/Earnings 13.6x
Price/Sales 6.9x
Price/Book 1.9x
Price/Cash Flow 9.4x
TEV/Sales 1.6x
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