Inactive Instrument

Teekay Offshore Partners L.P.

Equities

TOO

Oil & Gas Transportation Services

Teekay Offshore Partners L.P. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019

February 06, 2020 at 02:40 pm EST

Teekay Offshore Partners L.P. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was USD 312.142 million compared to USD 445.213 million a year ago. Operating loss was USD 290.410 million compared to operating Income of USD 162.545 million a year ago. Net loss was USD 283.473 million compared to net income of USD 65.923 million a year ago. Basic loss per share was USD 0.71 compared to basic earnings per share of USD 0.14 a year ago. Diluted loss per share was USD 0.71 compared to diluted earnings per share of USD 0.12 a year ago. For the full year, sales was USD 1,268.000 million. Operating loss was USD 91.037 million. Net loss was USD 346.620 million. Basic loss per share was USD 0.92.

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Company Profile

Altera Infrastructure LP, formerly Teekay Offshore Partners L.P., is a energy infrastructure services provider primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers, floating production, storage and off-loading (or FPSO) units, floating storage and off-take (FSO) units, a unit for maintenance and safety (UMS) and long-distance towage and offshore installation vessels. The Company's segments include shuttle tanker segment, FPSO segment, FSO segment, Towage and UMS segment. The Company's fleet consists of approximately 32 shuttle tankers, including over two chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over seven FPSO units, approximately five FSO units, over 10 long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.

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Oil & Gas Transportation Services

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