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Stock impact report

Teekay LNG Partners Reports Fourth Quarter 2019 and Annual 2019 Results

Teekay LNG Partners L.P. (TGP) 
Last teekay lng partners l.p. earnings: 2/27 02:00 am Check Earnings Report
Company Research Source: GlobeNewswire
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; and $152.8 million and $1.59 per common unit, respectively, for fiscal 2019.Adjusted net income(1) attributable to the partners and preferred unitholders of $50.3 million and adjusted net income per common unit of $0.56 in the fourth quarter of 2019 (excluding items listed in Appendix A to this release); and $168.7 million and $1.79 per common unit, respectively, for fiscal 2019.Fiscal 2019 adjusted net income per common unit is up 136 percent from fiscal 2018; fiscal 2020 adjusted net income per common unit is expected to be 45 to 73 percent higher than fiscal 2019.Total adjusted EBITDA(1) of $184.2 million in the fourth quarter of 2019; and $684.7 million for fiscal 2019.Took delivery of the fifth and sixth 50 percent-owned ARC7 LNG carrier newbuildings in late-2019.The Bahrain LNG Joint Venture (in which Teek Show less Read more
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