Why These Shipping Stocks Are Soaring Today [The Motley Fool]
Teekay LNG Partners L.P. (TGP)
Last teekay lng partners l.p. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-lng-partners-l-p
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Source: The Motley Fool
Matthew DiLallo (TMFmd9) Author Bio Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo What happened Shares of Teekay NYSE:TK Teekay LNG Partners NYSE:TGP Teekay Tankers NYSE:TNK shipping stocks was their fourth-quarter results. So what Teekay returned to profitability during the fourth quarter as it generated $ million, or $0. per share, of consolidated adjusted net income. Meanwhile, its total adjusted EBITDA soared % to $ million. Image source: Getty Images. The company benefited from its ownership stake in Teekay LNG Partners and Teekay Tankers, which both reported higher fourth-quarter results. Teekay Tankers produced record quarterly adjusted net income fueled by higher average tanker rates during the period thanks to strong mar
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