Its general partner is KNOT Offshore Partners GP LLC. Net revenues(3) were $122.8 million and $50.6 million for the three months ended September 30, 2015 and 2014, respectively. They expect $0.50 EPS, 0.00 % or $0.00 from last year’s $0.5 per share. Shareholders of record on Friday, October 16th will be given a $0.55 dividend.
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Telefonica, S.A. (TEF) of the Technology sector is down -0.07% (change from open -0.44%) this morning trading at a volume of 202,512 shares and price of $13.43. After surveying 6 different analysts, we established an average estimate of $ 0.39 earnings per share (EPS) for NYSE:TNK.
Teekay Offshore’s distributable cash flow during the quarter ended September 30, 2015 was relatively consistent with the quarter ended June 30, 2015. These increases were partially offset by the expiration of two shuttle tanker contracts in the second quarter of 2015, as well as the temporary shut-down on the Piranema Spirit FPSO unit for unscheduled repairs, which were completed during the third quarter of 2015. “Importantly, the Company has continued to delever its balance sheet with a net debt to book capitalization of 53 percent at the end of the third quarter of 2015, compared to 65 percent one year ago”. Rates for the third quarter of 2015 were the highest third quarter rates since 2008.
On July 1, 2015, Teekay Parent completed the dropdown sale of the Knarr FPSO to Teekay Offshore for a fully built-up cost of approximately $1.26 billion. Institutional Investors own 58.68% of Teekay Corporation shares. One of these vessels was subsequently replaced by one of Teekay Offshore’s existing shuttle tankers, the Navion Hispania, during the third quarter of 2015. The Company owns a fleet of double-hull Aframax tankers, double-hull Suezmax tankers, product tankers and one very large crude carrier (VLCC).
Crude spot tanker rates are expected to continue to rise into 2016 as oil demand rises due to colder weather, and China and Indian petroleum reserves grow, Mackay added. SPT provides a full suite of ship-to-ship (STS) transfer services in the oil, gas and dry bulk industries. In July 2014, the Company acquired all the ownership interests in the companies that owns and operates the shuttle tankers Hilda Knutsen and Torill Knutsen.
(1) Adjusted net income attributable to shareholders of Teekay Tankers is a non-GAAP financial measure.
Teekay LNG Partners LP. has dropped 6.2% during the last 3-month period. Please see Appendix B for a reconciliation of distributable cash flow to the most directly comparable financial measure under United States generally accepted accounting principles (GAAP).
(2) Free cash flow (FCF) represents net income, plus depreciation and amortization, unrealized losses from derivatives, non-cash items, FCF from equity accounted investments and any write-offs or other non-recurring items, less unrealized gains from derivatives and other non-cash items. CFVO – Consolidated represents CFVO from vessels that are consolidated on the Company’s financial statements. But now there’s a NEW way to grab your share of companies like these.
The overall rating for the company is 1.78.
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Starbucks Corporation (NASDAQ:SBUX) declared the company will present at the Morgan Stanley Global Consumer and Retail Conference on Wednesday, November 18, 2015 at 8:00 a.m. ET. This recording can be accessed following the live call by dialing (888) 203-1112 or (647) 436-0148, if outside North America, and entering access code 9463483. Teekay LNG Partners L.P. (NYSE:TGP) has declined 31.99% since April 1, 2015 and is downtrending. As of February 1, 2013, the Company’s fleet consisted of 30 vessels, including chartered-in vessels, and newbuildings on order.
