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Wednesday, November 13, 2019

=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.

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