TGP - Teekay LNG Partners L.P.

NYSE - Nasdaq Real Time Price. Currency in USD
11.22
+0.22 (+2.00%)
As of 1:55PM EDT. Market open.
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Previous Close11.00
Open11.01
Bid11.15 x 800
Ask11.18 x 1000
Day's Range11.01 - 11.25
52 Week Range7.00 - 16.74
Volume85,273
Avg. Volume299,438
Market Cap992.694M
Beta (5Y Monthly)1.47
PE Ratio (TTM)12.32
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.00 (9.09%)
Ex-Dividend DateApr. 30, 2020
1y Target EstN/A
All
News
Press Releases
  • GlobeNewswire

    Teekay Corporation Board Member Bjorn Moller Announces Retirement

    Teekay Corporation (Teekay or the Company) (TK) today announced that Bjorn Moller is retiring from the Company’s Board of Directors, after more than 35 years of service with the Company. This included serving as a Teekay Board member for 22 years and as Teekay’s President and Chief Executive Officer from 1998 to 2011.

  • GlobeNewswire

    Teekay LNG Partners Declares Distributions on Series A and B Preferred Units

    HAMILTON, Bermuda, June 19, 2020 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions.

  • ACCESSWIRE

    Teekay LNG Partners LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Teekay LNG Partners LP (NYSE:TGP) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 21, 2020 at 1:00 PM Eastern ...

  • GlobeNewswire

    Teekay LNG Partners Reports First Quarter 2020 Results

    Highlights GAAP net loss attributable to the partners and preferred unitholders of $33.0 million and GAAP net loss per common unit of $0.50 in the first quarter of.

  • GlobeNewswire

    Teekay Corporation and Teekay LNG Partners L.P. Announce Elimination of Incentive Distribution Rights

    Teekay Corporation (Teekay) (TK) and Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) today announced the execution of a definitive agreement to eliminate all of the Partnership’s incentive distribution rights (IDRs) in exchange for 10.75 million newly-issued Teekay LNG common units (Transaction). The Transaction concurrently closed on May 11, 2020. “This important transaction creates greater alignment between our sponsor, Teekay, and the rest of our common unitholders, and we believe that it removes one of the primary uncertainties for investors in Teekay LNG,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd. “With approximately 98 percent and 94 percent of our LNG fleet operating on fixed-rate charters for 2020 and 2021, respectively, and having increased our quarterly common unit distributions by over 30 percent for two consecutive years, we are well-positioned to continue executing on our balanced capital allocation plan of near-term balance sheet delevering, while continuing to return capital to unitholders.”

  • GlobeNewswire

    Teekay Group Announces First Quarter 2020 Earnings Results Conference Calls

    HAMILTON, Bermuda, May 06, 2020 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).

  • GlobeNewswire

    Teekay LNG Partners Declares 32 Percent Increase In Common Unit Distribution

    HAMILTON, Bermuda, April 16, 2020 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution.

  • GlobeNewswire

    Teekay Group Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2019; and Publishes 2019 Sustainability Report

    Teekay Corporation (Teekay) (TK), Teekay LNG Partners L.P. (Teekay LNG) (TGP) and Teekay Tankers Ltd. (Teekay Tankers) (TNK) (collectively, the Teekay Group) today announced that their Annual Reports on Form 20-F for the fiscal year ended December 31, 2019 (Annual Report) have been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the “Investors” section under “Financials and Presentations” for each respective entity. Shareholders and unitholders may also request a hard copy of the Annual Reports, which includes the Teekay Group’s complete 2019 audited financial statements, free of charge by contacting investor relations via e-mail at investor.relations@teekay.com or by phone at +1-604-609-2963.

  • GlobeNewswire

    TEEKAY LNG PARTNERS ANNOUNCES NEW LNG CHARTERS AND REFINANCING OF $225 MILLION UNSECURED CREDIT FACILITY

    Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announced today that it has secured new fixed-rate charters for two of its 52 percent-owned LNG carriers, a 12-month charter on the Arwa Spirit and an eight-month charter on the Methane Spirit, both of which are expected to commence upon completion and in direct continuation of their existing contracts in May and July 2020, respectively. In addition, Teekay LNG has successfully refinanced its existing $225 million unsecured revolving credit facility, which was scheduled to mature in November 2020, with a new two-year facility of the same amount and pricing consistent with the previous facility of LIBOR + 140 bps. “As we are an integral part of the world’s LNG supply chain, all of our vessels have continued to operate as expected under their existing fixed-rate contracts and I am pleased to report that, with these two new fixed-rate contracts, our LNG fleet is now 98 percent fixed though 2020 and 94 percent fixed for 2021,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd.  “The Partnership expects to continue to benefit from its long-term contracted cash flow, and continue allocating capital in a manner that focuses on delevering and strengthening its balance sheet, while also returning capital to unitholders, including a 32 percent increase in our cash distribution to an annualized amount of $1.00 per common unit effective for the first quarter of 2020.”

  • GlobeNewswire

    Connect Online with Major LNG and LPG Company Executives

    Get Expert Updates On Markets & Outlook A Pioneering Initiative - Keeping Our Sense Of Community, Information Flow & Industry Connectivity at Capital Link’s 14th.

  • GlobeNewswire

    TEEKAY LNG PARTNERS DECLARES DISTRIBUTIONS ON SERIES A AND B PREFERRED UNITS; AND REITERATES 2020 DISTRIBUTION GUIDANCE ON COMMON UNITS

    Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP), has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units (NYSE:TGP PR A) and $0.5313 per unit on the Partnership’s Series B preferred units (NYSE:TGP PR B) for the period from January 1, 2020 to March 31, 2020. The cash distributions are payable on April 15, 2020 to all unitholders of record as at March 31, 2020. Teekay LNG’s preferred unit distributions are reported on Form 1099 for United States tax purposes.

  • GlobeNewswire

    Teekay Corporation Reports Fourth Quarter and Annual 2019 Results

    Highlights GAAP net income attributable to shareholders of Teekay of $11.3 million, or $0.11 per share, and adjusted net income attributable to shareholders of Teekay(1) of.

  • GlobeNewswire

    Teekay LNG Partners Reports Fourth Quarter 2019 and Annual 2019 Results

    Highlights GAAP net income attributable to the partners and preferred unitholders of $67.4 million and GAAP net income per common unit of $0.77 in the fourth quarter of 2019;.

  • GlobeNewswire

    Teekay Group Announces Fourth Quarter and Fiscal Year 2019 Earnings Results Conference Calls

    HAMILTON, Bermuda, Feb. 14, 2020 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).

  • GlobeNewswire

    Teekay LNG Partners Declares Distribution

    HAMILTON, Bermuda, Jan. 20, 2020 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution.

  • GlobeNewswire

    Teekay LNG Partners Reports Third Quarter 2019 Results

    Highlights GAAP net income attributable to the partners and preferred unitholders of $47.4 million and GAAP net income per common unit of $0.51.Adjusted net income(1).

  • GlobeNewswire

    Teekay Corporation Reports Third Quarter 2019 Results

    Highlights GAAP net loss attributable to shareholders of Teekay of $198.2 million, or $1.97 per share (inclusive of $175.8 million of impairment charges), and adjusted net loss.

  • GlobeNewswire

    Teekay Group to Host Rescheduled Investor Day and Release Third Quarter 2019 Earnings

    HAMILTON, Bermuda, Oct. 24, 2019 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).

  • GlobeNewswire

    Teekay Corporation Announces 3.5-Year Contract for the Hummingbird Spirit FPSO

    Teekay Corporation (Teekay or the Company) (TK) announced that it has entered into an agreement with the Chestnut Joint Venture, a joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd., to extend the employment of the Hummingbird Spirit FPSO unit (Hummingbird) on the Chestnut field in the North Sea until March 2023. This contract extension was done in conjunction with the Chestnut Joint Venture’s plan to drill a new well at the Chestnut field.

  • GlobeNewswire

    Teekay Group to Postpone Investor Day on October 2, 2019

    HAMILTON, Bermuda, Sept. 30, 2019 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers).

  • GlobeNewswire

    Teekay Group to Host Investor Day on October 2, 2019

    HAMILTON, Bermuda, Sept. 19, 2019 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers).

  • GlobeNewswire

    Teekay LNG Partners Reports Second Quarter 2019 Results

    Highlights GAAP net income attributable to the partners and preferred unitholders of $16.4 million and GAAP net income per common unit of $0.12.Adjusted net income(1).

  • GlobeNewswire

    Teekay Corporation Reports Second Quarter 2019 Results

    Highlights GAAP net loss attributable to shareholders of Teekay of $39.5 million, or $0.39 per share, and adjusted net loss attributable to shareholders of Teekay(1) of $13.4.