Business Context and Reporting Period
This Form 6-K filing by Teekay LNG Partners L.P. (NYSE: TGP) is dated October 24, 2006. The registrant is a Marshall Islands partnership formed by Teekay Shipping Corporation to expand operations in the liquefied natural gas (LNG) shipping sector. The filing serves as an announcement regarding the upcoming release of financial results for the third quarter of 2006.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural announcement rather than a financial statement.
Material Changes
No material financial changes are reported in this document. The filing notes that the Partnership operates a fleet of seven LNG carriers and eight Suezmax class crude oil tankers under long-term, fixed-rate contracts. It highlights that three of the seven LNG carriers are newbuildings scheduled for delivery in late 2006 and early 2007, in which the Partnership will hold at least a 70% interest.
Guidance, Outlook, and Management Commentary
- Earnings Release: Financial results for the third quarter of 2006 are scheduled for release after market close on Wednesday, November 1, 2006.
- Conference Call: A conference call to discuss the results is scheduled for Friday, November 3, 2006, at 11:00 a.m. (EST).
- Access: The call will be available via the company website, with a recording available until November 10, 2006, and an archive available until December 4, 2006.
Investor Verification Checklist
- Verify the actual financial performance for Q3 2006 in the earnings release scheduled for November 1, 2006.
- Confirm the delivery status and ownership percentage of the three newbuilding LNG carriers mentioned.
- Review the long-term, fixed-rate contracts for the existing fleet of seven LNG carriers and eight Suezmax tankers.
- Check the company website (www.teekaylng.com) for the archived conference call recording for management commentary.