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Last $25.95 USD
Change Today -0.64 / -2.41%
Volume 49.1K
TGP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:45 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

teekay lng partners lp (TGP) Snapshot

Open
$26.00
Previous Close
$26.59
Day High
$26.33
Day Low
$25.75
52 Week High
09/30/14 - $44.04
52 Week Low
08/24/15 - $22.88
Market Cap
2.2B
Average Volume 10 Days
295.9K
EPS TTM
$2.50
Shares Outstanding
78.6M
EX-Date
07/10/15
P/E TM
10.4x
Dividend
$2.80
Dividend Yield
10.82%
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 Cash Distribution for the Second Quarter Ended June 30, 2015, Payable on August 14, 2015

On July 2, 2015, Teekay LNG Partners LP. declared a cash distribution of $0.70 per unit for the second quarter ended June 30, 2015. The cash distribution will be paid on August 14, 2015 to all unit holders of record on July 14, 2015.

Teekay LNG Partners LP. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Teekay LNG Partners LP. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $98,608,000 against $101,323,000 a year ago. Income from vessel operations was $43,856,000 compared with $46,052,000 a year ago. Net income before tax expense was $63,993,000 compared with $48,287,000 a year ago. Net income was $63,735,000 compared with $47,912,000 a year ago. The company reported adjusted net income attributable to the partners of $39.5 million compared to $42.6 million for the same period of the prior year. Adjusted net income attributable to the partners decreased from the same period in the prior year, primarily due to the Magellan Spirit LNG carrier grounding incident and disputed off- hire and related charter contract termination during the first quarter of 2015, the scheduled expiration of the charter contract for the Methane Spirit LNG carrier in mid-March 2015 and the sale of one conventional tanker in August 2014, partially offset by the termination of capital leases for, 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, and the acquisition of one LPG carrier, the Norgas Napa, in November 2014. For the six months, the company reported revenue of $195,934,000 compared with $202,813,000 a year ago. Income from vessel operations was $88,953,000 compared with $91,435,000 a year ago. Net income before tax expense was $130,119,000 compared with $91,778,000 a year ago. Net income was $130,086,000 compared with $91,008,000 a year ago. Net operating cash flow was $119,037,000 compared with $94,523,000 a year ago. Expenditures for vessels and equipment was $143,080,000 compared with $21,648,000 a year ago.

Teekay LNG Partners LP., Q2 2015 Earnings Call, Aug 06, 2015

Teekay LNG Partners LP., Q2 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

TGP

Industry Average

Valuation TGP Industry Range
Price/Earnings 10.0x
Price/Sales 5.4x
Price/Book 1.4x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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