=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.

Earnings this week : Nov 11 - 15, 19 (wk 46)

Monday (Nov 11)

• Morning: FOLD CRR QRTEA
• Afternoon: APYX DXC FGEN FLNT FNV FTK GO HBM ICUI TDW TERP TME UGI

Tuesday (Nov 12)

• Morning: AAP ACM AEIS BPMP CBS CNNE CRON CVET DF DHI DPLO DSKE EBIX EDIT EGRX EPC ERJ GTT IAA IIVI INFN KEM MPAA OSTK PSN RDNT ROK SAGE SE TSN XON
• Afternoon: ADPT ADT APEI BREW CBPX CDLX CPRX DDOG DOX HALO HCAT HIIQ HTHT HUYA KWR MCRN MTSI OMER PTE RUN SCSC SDC SENS SSTI SWKS TLRY TVTY TWOU VRAY VREX YY

Wednesday (Nov 13)

• Morning: BEST CAE CMCM ENR FVRR GOOS LK MTOR SPB SSYS TSEM VIPS
• Afternoon: BZH CHNG CBPO CSCO CPA HI HOLI NTAP PSNL PRSP TGP TNK TTEK TCOM

Thursday (Nov 14)

• Morning: BAM CHC CTRA GDS IGT NBEV NICE RUBY SINA TUFN VIAB WMT WB WIX ZEAL
• Afternoon: AMAT AXNX DLB FTCH FSM GLOB HP KLIC NVDA VFF WPM

Friday (Nov 15) 

• Morning: JCP JD

Teekay companies

Jens Torben Karlshoej was born in Denmark and emigrated to the United States in his early 20s.  In 1973 Karlshoej founded the Teekay Shipping Group in New York, incorporating it in Liberia, and using his initials to give the company its name. His strategy was for the company to manage and operate a range of tankers, but to charter the vessels from independent ship owners, not to own them.

• Today Teekay is one of the world’s largest marine energy transportation, storage and production companies.
• The majority of TK's  assets are concentrated intthree ‘daughter-firms:’ Teekay LNG Partners (TGP), Teekay Offshore Partners (TOO), and Teekay Tankers (TNK). Teekay Corporation is the general partner (“GP”) for both TGP and TOO and is the major shareholder for TNK.

Teekay LNG Partners (TGP)

Teekay Corp. (TK)

Teekay Tankers (TNK)

Teekay Offshore Partners (TOO)