=Teekay LNG Partners (TGP) reported earnings on Wed 13 Nov 19 (a/h)

Teekay LNG Partners beats by $0.06, misses on revs; raises FY19 EPS in-line; guides FY20 EPS in-line

Reports Q3 (Sep) earnings of $0.55 per share, excluding non-recurring items, $0.06 better than the two analyst estimate of $0.49; revenues rose 21.4% year/year to $149.7 mln vs the $167.28 mln single analyst estimate.

Co issues in-line guidance for FY19, sees EPS of $1.75-1.85, excluding non-recurring items, up 11% from prior guidance and vs. $1.79 S&P Capital IQ Consensus.

Co issues in-line guidance for FY20, sees EPS of $2.60-3.10, excluding non-recurring items, vs. $2.77 S&P Capital IQ Consensus.

Expect distributions to increase by 32 percent, to $1.00 per common unit per annum, commencing with the first quarter of 2020 distribution, a second consecutive year of distribution growth in excess of 30 percent.