Edition:
India

Teekay Corp Q3 Adjusted Loss Per Share $0.11


Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Teekay Corp ::ORATION REPORTS THIRD QUARTER 2018 RESULTS.Q3 GAAP LOSS PER SHARE $0.12.Q3 ADJUSTED LOSS PER SHARE $0.11 EXCLUDING ITEMS.INTENDS TO INCREASE QUARTERLY CASH DISTRIBUTIONS ON COMMON UNITS BY 36 PERCENT IN 2019.TEEKAY LNG ALSO INTENDS TO AMEND ITS U.S. TAX STRUCTURE TO ELECT TO BE TREATED AS A CORPORATION INSTEAD OF A PARTNERSHIP.AMENDING LNG'S U.S. TAX STRUCTURE WOULD RESULT IN INVESTORS RECEIVING FORM 1099S INSTEAD OF SCHEDULE K-1S COMMENCING IN TAXATION YEAR 2019.QTRLY REVENUES $416.6 MILLION VERSUS $500.8 MILLION.TEEKAY LNG PROVIDED 2019 DISTRIBUTION GUIDANCE OF $0.76 PER COMMON UNIT ON AN ANNUALIZED BASIS.TEEKAY OFFSHORE REACHED SETTLEMENT AGREEMENT WITH PETROBRAS RELATING TO PREVIOUSLY TERMINATED CHARTER CONTRACTS.TEEKAY OFFSHORE EXPECTS SETTLEMENT WITH PETROBRAS WILL RESULT IN RECOGNITION OF APPROXIMATELY $91 MILLION OF REVENUES IN Q4 OF 2018. 

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23 May 2019