Benzinga | Aug 13, 2020 07:25AM EDT

Teekay LNG Partners: Q2 Earnings Insights

Shares of Teekay LNG Partners (NYSE:TGP) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 91.43% year over year to $0.67, which beat the estimate of $0.66.

Revenue of $148,205,000 decreased by 3.17% from the same period last year, which beat the estimate of $142,470,000.

Outlook

Teekay LNG Partners hasn't issued any earnings guidance for the time being.

Teekay LNG Partners hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 13, 2020

Time: 01:00 PM

ET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1346729&tp_key=048202f49a

Technicals

52-week high: $16.74

52-week low: $7.00

Price action over last quarter: down 4.60%

Company Profile

Teekay LNG Partners LP is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into three segments namely LNG (Liquefied natural gas), LPG (Liquefied Petroleum Gas) and Conventional tanker. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time-charter, voyage charter, and bareboat charter contract.