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Stock impact report

Teekay Corporation Reports Third Quarter 2019 Results

Teekay Corporation Ltd. (TK) 
Last teekay corporation ltd. 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 loss attributable to shareholders of Teekay of $198.2 million, or $1.97 per share (inclusive of $175.8 million of impairment charges), and adjusted net loss attributable to shareholders of Teekay(1) of $24.1 million, or $0.24 per share (excluding items listed in Appendix A to this release).Total Adjusted EBITDA(1) of $192.9 million.In October 2019, Teekay Parent entered into a 3.5-year contract for the Hummingbird Spirit FPSO unit, extending production on the Chestnut field until March 2023.Teekay LNG intends to increase quarterly cash distributions on common units by 32 percent in 2020, a second consecutive year of distribution growth in excess of 30 percent.Since August 2019, Teekay LNG has taken delivery of the fourth and fifth, 50 percent-owned ARC7 LNG carrier newbuildings, and the final ARC7 newbuilding is expected to deliver in late-November 2019.Secured strong fourth quarter of 2019 to-date spot tanker rates of $38,000 and $30,500 on average per day for Te Show less Read more
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