TK - Teekay LNG Partners: Q3 '19 Earnings Review
Note: This report contains initial post-earnings coverage for Teekay LNG Partners (TGP). This report is also relevant for anyone with an indirect investment via Teekay Corporation (TK). The following sources should be reviewed alongside this update:
- Investor Day Transcript
- Investor Day & Earnings Presentation
- TGP Earnings Report
- TGP Earnings Appendix Slides
Overall TGP Results
TGP nailed it out of the park with a grand-slam result of $0.91/unit in simple DCF and earnings of $0.51/unit. This was clearly a phenomenal result, the best in company history, and it even surpassed my already