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Stock impact report

Teekay Corporation Reports Second Quarter 2020 Results

Teekay Corporation (TK) 
Last teekay corporation earnings: 2/21 03:25 am Check Earnings Report
US:NYSE Investor Relations: teekay.com/investors/teekay-corporation
Company Research Source: GlobeNewswire
Highlights GAAP net income attributable to shareholders of Teekay of $21.7 million, or $0.21 per share, and adjusted net income attributable to shareholders of Teekay(1) of $39.7 million, or $0.39 per share, in the second quarter of 2020 (excluding items listed in Appendix A to this release).Total adjusted EBITDA(1) of $315.9 million in the second quarter of 2020, a 61 percent increase over the same period of the prior year.Reduced consolidated net debt by over $267 million in the second quarter of 2020; and total consolidated liquidity position of approximately $940 million as of June 30, 2020.Teekay Parent received $67 million of cash related to the previously-announced new Foinaven FPSO contract in April 2020; eliminated all of its remaining Teekay Tankers debt guarantees as a result of Teekay Tankers' debt refinancing in August 2020; and secured commitments for a new equity margin revolver at substantially similar terms to refinan Show less Read more
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