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Teekay LNG Partners

NYSE:TGP
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGP
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
  • Teekay LNG Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
TGP Share Price and Events
7 Day Returns
-1.8%
NYSE:TGP
-0.6%
US Oil and Gas
0.2%
US Market
1 Year Returns
-19.9%
NYSE:TGP
-7.4%
US Oil and Gas
6.3%
US Market
TGP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teekay LNG Partners (TGP) -1.8% 0.1% 17.1% -19.9% 4.6% -64.6%
US Oil and Gas -0.6% 1.3% 4.9% -7.4% 4.2% -27.6%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • TGP underperformed the Oil and Gas industry which returned -7.4% over the past year.
  • TGP underperformed the Market in United States of America which returned 6.3% over the past year.
Price Volatility
TGP
Industry
5yr Volatility vs Market

Value

 Is Teekay LNG Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Teekay LNG Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Teekay LNG Partners.

NYSE:TGP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:TGP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.933 (1 + (1- 21%) (283.68%))
2.355
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:TGP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teekay LNG Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:TGP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 -102.62 Analyst x3 -89.51
2020 291.66 Analyst x3 221.89
2021 397.60 Analyst x2 263.83
2022 486.46 Est @ 22.35% 281.55
2023 566.55 Est @ 16.46% 286.00
2024 636.48 Est @ 12.34% 280.25
2025 696.69 Est @ 9.46% 267.56
2026 748.53 Est @ 7.44% 250.74
2027 793.65 Est @ 6.03% 231.88
2028 833.64 Est @ 5.04% 212.44
Present value of next 10 years cash flows $2,206.62
NYSE:TGP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $833.64 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$7,184.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,184.51 ÷ (1 + 14.65%)10
$1,830.87
NYSE:TGP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,206.62 + $1,830.87
$4,037.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,037.48 / 78.56
$51.39
NYSE:TGP Discount to Share Price
Calculation Result
Value per share (USD) From above. $51.39
Current discount Discount to share price of $14.98
= -1 x ($14.98 - $51.39) / $51.39
70.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Teekay LNG Partners is available for.
Intrinsic value
>50%
Share price is $14.98 vs Future cash flow value of $51.39
Current Discount Checks
For Teekay LNG Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Teekay LNG Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Teekay LNG Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Teekay LNG Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teekay LNG Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TGP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.03
NYSE:TGP Share Price ** NYSE (2019-04-18) in USD $14.98
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 13.18x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Teekay LNG Partners.

NYSE:TGP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TGP Share Price ÷ EPS (both in USD)

= 14.98 ÷ 0.03

456.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay LNG Partners is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Teekay LNG Partners is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Teekay LNG Partners's expected growth come at a high price?
Raw Data
NYSE:TGP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 456.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
34.3%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 77 Publicly-Listed Oil and Gas Companies 0.59x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:TGP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 456.42x ÷ 34.3%

13.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay LNG Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Teekay LNG Partners's assets?
Raw Data
NYSE:TGP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $18.89
NYSE:TGP Share Price * NYSE (2019-04-18) in USD $14.98
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
NYSE:TGP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TGP Share Price ÷ Book Value per Share (both in USD)

= 14.98 ÷ 18.89

0.79x

* Primary Listing of Teekay LNG Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay LNG Partners is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Teekay LNG Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Teekay LNG Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Teekay LNG Partners expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teekay LNG Partners expected to grow at an attractive rate?
  • Teekay LNG Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Teekay LNG Partners's earnings growth is expected to exceed the United States of America market average.
  • Teekay LNG Partners's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:TGP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TGP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 34.3%
NYSE:TGP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.4%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:TGP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TGP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 610 261 173 4
2020-12-31 628 253 182 5
2019-12-31 623 272 153 5
NYSE:TGP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 511 131 3
2018-09-30 487 102 36
2018-06-30 468 197 -4
2018-03-31 447 178 -19
2017-12-31 433 219 20
2017-09-30 407 167 66
2017-06-30 404 165 136
2017-03-31 402 184 197
2016-12-31 396 194 135
2016-09-30 399 186 126
2016-06-30 397 203 76
2016-03-31 396 190 84

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Teekay LNG Partners's earnings are expected to grow significantly at over 20% yearly.
  • Teekay LNG Partners's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:TGP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Teekay LNG Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TGP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.19 2.45 1.93 2.00
2020-12-31 2.31 2.76 1.86 2.00
2019-12-31 1.94 2.18 1.70 2.00
NYSE:TGP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.45
2018-06-30 -0.05
2018-03-31 -0.24
2017-12-31 0.25
2017-09-30 0.83
2017-06-30 1.71
2017-03-31 2.48
2016-12-31 1.70
2016-09-30 1.58
2016-06-30 0.96
2016-03-31 1.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Teekay LNG Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Teekay LNG Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Teekay LNG Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Teekay LNG Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Teekay LNG Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Teekay LNG Partners's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Teekay LNG Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Teekay LNG Partners's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
Teekay LNG Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Teekay LNG Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TGP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 510.76 2.62 28.51
2018-09-30 487.26 36.11 22.80
2018-06-30 468.21 -4.30 21.41
2018-03-31 446.80 -19.18 18.96
2017-12-31 432.68 19.59 18.14
2017-09-30 407.14 66.00 15.23
2017-06-30 403.52 136.38 16.01
2017-03-31 401.85 197.09 17.23
2016-12-31 396.44 134.98 19.20
2016-09-30 399.31 125.70 20.53
2016-06-30 397.07 76.47 22.63
2016-03-31 396.44 83.79 23.84
2015-12-31 397.99 174.61 25.12
2015-09-30 393.69 128.75 25.07
2015-06-30 396.05 210.99 24.97
2015-03-31 398.76 197.59 24.16
2014-12-31 402.93 174.25 23.86
2014-09-30 408.45 189.52 23.68
2014-06-30 408.36 131.23 22.89
2014-03-31 403.66 158.49 21.38
2013-12-31 399.28 175.88 20.44
2013-09-30 392.65 158.47 18.33
2013-06-30 390.81 162.17 17.58
2013-03-31 390.67 131.18 17.27
2012-12-31 392.90 102.40 17.06
2012-09-30 391.92 116.57 18.09
2012-06-30 390.33 113.78 19.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Teekay LNG Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Teekay LNG Partners used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Teekay LNG Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Teekay LNG Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Teekay LNG Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Teekay LNG Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Teekay LNG Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teekay LNG Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Teekay LNG Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Teekay LNG Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Teekay LNG Partners Company Filings, last reported 3 months ago.

NYSE:TGP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,882.60 3,338.42 149.81
2018-09-30 1,913.17 3,258.77 140.84
2018-06-30 1,895.60 3,040.04 177.95
2018-03-31 1,900.38 2,962.85 197.69
2017-12-31 1,931.42 2,939.39 244.35
2017-09-30 1,740.01 2,732.64 161.02
2017-06-30 1,768.97 2,642.64 191.26
2017-03-31 1,796.33 2,589.90 181.73
2016-12-31 1,777.41 2,375.76 126.18
2016-09-30 1,562.95 2,600.21 268.42
2016-06-30 1,517.00 2,388.66 127.61
2016-03-31 1,487.00 2,465.72 114.15
2015-12-31 1,543.68 2,289.65 102.48
2015-09-30 1,526.81 2,293.97 154.17
2015-06-30 1,567.75 2,210.76 106.99
2015-03-31 1,557.23 2,118.84 106.41
2014-12-31 1,547.37 2,152.89 159.64
2014-09-30 1,569.50 2,552.41 114.47
2014-06-30 1,395.44 2,638.06 138.86
2014-03-31 1,407.28 2,560.43 112.10
2013-12-31 1,443.78 2,594.68 156.53
2013-09-30 1,303.00 2,598.63 135.13
2013-06-30 1,284.32 2,437.78 114.53
2013-03-31 1,256.72 2,474.26 107.91
2012-12-31 1,254.27 2,358.11 130.50
2012-09-30 1,270.05 2,313.44 108.68
2012-06-30 1,101.35 2,502.23 131.10
  • Teekay LNG Partners's level of debt (177.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (179.7% vs 177.3% today).
  • Debt is not well covered by operating cash flow (3.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Teekay LNG Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Teekay LNG Partners has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Teekay LNG Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.74%
Current annual income from Teekay LNG Partners dividends. Estimated to be 5.77% next year.
If you bought $2,000 of Teekay LNG Partners shares you are expected to receive $75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Teekay LNG Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Teekay LNG Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:TGP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:TGP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.96 4.00
2020-12-31 0.88 4.00
2019-12-31 0.76 4.00
NYSE:TGP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-08 0.560 4.034
2018-11-28 0.560 4.510
2018-11-15 0.560 4.206
2018-07-05 0.560 3.569
2018-04-04 0.560 3.188
2018-01-04 0.560 2.914
2017-10-03 0.560 3.071
2017-07-07 0.560 3.227
2017-04-04 0.560 3.475
2017-01-03 0.560 3.206
2016-10-03 0.560 3.779
2016-07-01 0.560 4.517
2016-05-26 0.560 4.602
2016-05-19 0.560 3.951
2015-12-17 0.560 4.681
2015-10-02 2.800 12.440
2015-07-06 2.800 10.425
2015-04-02 2.800 7.828
2015-01-02 2.800 7.413
2014-10-03 2.767 7.074
2014-07-10 2.767 6.381
2014-04-09 2.767 6.267
2014-01-15 2.767 6.747
2013-10-11 2.700 6.577
2013-07-15 2.700 6.339
2013-04-18 2.700 6.281
2013-01-25 2.700 6.696
2012-10-12 2.700 7.119
2012-07-13 2.700 6.911
2012-04-12 2.700 7.016
2012-01-19 2.520 6.558
2011-11-11 2.520 7.583
2011-08-11 2.520 7.581
2011-04-21 2.520 7.016
2011-01-26 2.520 6.552
2010-10-25 2.400 6.616
2010-07-28 2.400 7.221
2010-04-29 2.400 8.089
2010-01-28 2.280 8.037
2009-10-20 2.280 8.992
2009-07-23 2.280 9.723
2009-05-04 2.280 12.090
2009-04-20 2.280 13.091

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Teekay LNG Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Teekay LNG Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Teekay LNG Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teekay LNG Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Teekay LNG Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Kremin
AGE 47
TENURE AS CEO 2.2 years
CEO Bio

Mr. Mark J. Kremin has been the Chief Executive Officer and President of Teekay Gas Group Ltd and Teekkay Gp Llc since February 2017. Mr. Kremin has been the President and CEO at Teekay LNG Partners L.P. since February 01, 2017. Mr. Kremin served as the President of Teekay Gas Services at Teekay Corporation from December 17, 2015 to January 31, 2017. Mr. Kremin served as Vice President of Teekay Gas Services at Teekay Corporation from 2006 to December 17, 2015. He served as Vice President of Teekay LNG Projects Ltd. since March 2006. He served as Vice President of Gas Services at Teekay Shipping Corporation since March 2006. Mr. Kremin joined Teekay Shipping Corporation in November 2000 and served as its Vice President and Associate General Counsel until 2006. Prior to joining Teekay Shipping Corporation, Mr. Kremin was an Attorney with Burke & Parsons, an admiralty law firm in New York City. Prior to attending law school, he worked for Mediterranean Shipping Company. He has 20 years of experience in the shipping industry. In 2000, he joined Teekay as in-house counsel and represents Teekay Gas on the boards of joint ventures with partners in Belgium, Indonesia, Japan and Qatar.

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Insufficient data for Mark to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Teekay LNG Partners management team in years:

2.2
Average Tenure
47
Average Age
  • The tenure for the Teekay LNG Partners management team is about average.
Management Team

Mark Kremin

TITLE
President & CEO of Teekay Gas Group Ltd
AGE
47
TENURE
2.2 yrs

Scott Gayton

TITLE
Chief Financial Officer of Teekay Gas Group Ltd
AGE
43
TENURE
0.8 yrs

Edith Robinson

TITLE
Company Secretary of Teekay GP LLC
AGE
53
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Teekay LNG Partners board of directors in years:

4.5
Average Tenure
60
Average Age
  • The tenure for the Teekay LNG Partners board of directors is about average.
Board of Directors

Ida Hinkley

TITLE
Chairperson of Teekay GP LLC
AGE
67
TENURE
3.8 yrs

Joseph McKechnie

TITLE
Director of Teekay GP LLC
AGE
59
TENURE
6.2 yrs

Bev Park

TITLE
Director of Teekay GP LLC
AGE
56
TENURE
5.1 yrs

Kenneth Hvid

TITLE
Director of Teekay GP LLC
AGE
50
TENURE
0.6 yrs

C. Day

TITLE
Director of Teekay GP LLC
AGE
68
TENURE
14.4 yrs

Bill Utt

TITLE
Director of Teekay GP LLC
AGE
61
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Teekay LNG Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Teekay LNG Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can Teekay LNG Partners LP (NYSE:TGP) Improve Your Portfolio Returns?

If you're interested in Teekay LNG Partners LP (NYSE:TGP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is Teekay LNG Partners LP (NYSE:TGP) A Smart Choice For Dividend Investors?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Over the past 10 years, Teekay LNG Partners LP (NYSE:TGP) has returned an average of 7.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Teekay LNG Partners should have a place in your portfolio.

Simply Wall St -

Why Teekay LNG Partners LP. (NYSE:TGP) Could Be A Buy

It’s trading around 1.43% below my intrinsic value, which means if you buy Teekay LNG Partners today, you’d be paying a fair price for it. … This is because Teekay LNG Partners’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … TGP’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Does Teekay LNG Partners LP.'s (NYSE:TGP) March Stock Price Reflect Its Future Growth?

Teekay LNG Partners is poised for significantly high earnings growth in the near future. … TGP is trading at a very high price-to-earnings (PE) ratio of 74.59x, meaning Teekay LNG Partners is overvalued based on current earnings compared to the oil and gas industry average of 12.05x , and overvalued compared to the US market average ratio of 18.03x. … So, when we include the growth factor in our analysis, Teekay LNG Partners appears slightly overvalued , based on its fundamentals.

Simply Wall St -

What Should You Know Before Buying Teekay LNG Partners LP (NYSE:TGP) For Its Dividend

Check out our latest analysis for Teekay LNG Partners 5 questions I ask before picking a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it paying an annual yield above 75% of dividend payers? … NYSE:TGP Historical Dividend Yield Feb 22nd 18 How well does Teekay LNG Partners fit our criteria? … In terms of its peers, Teekay LNG Partners produces a yield of 3.00%, which is on the low-side for Oil and Gas stocks.Next Steps: Whilst there are few things you may like about Teekay LNG Partners from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

What Is Teekay LNG Partners LP's (TGP) Share Price Doing?

This is because TGP’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Company Info

Description

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through two segments, Liquefied Gas and Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. As of February 22, 2018, it had a fleet of 49 LNG carriers, 29 LPG/multigas carriers, and 4 conventional tankers. Teekay GP L.L.C. serves as the general partner of the company. Teekay LNG Partners L.P. was founded in 2004 and is based in Hamilton, Bermuda.

Details
Name: Teekay LNG Partners L.P.
TGP
Exchange: NYSE
Founded: 2004
$1,176,839,570
78,560,719
Website: http://www.teekay.com
Address: Teekay LNG Partners L.P.
Belvedere Building,
4th Floor,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TGP Common Units New York Stock Exchange US USD 05. May 2005
DB THH Common Units Deutsche Boerse AG DE EUR 05. May 2005
BMV TGP N Common Units Bolsa Mexicana de Valores MX MXN 05. May 2005
Number of employees
Current staff
Staff numbers
1,909
Teekay LNG Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 23:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.