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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.07
TOO's Cash-to-Debt is ranked lower than
84% of the 806 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.34 vs. TOO: 0.07 )
Ranked among companies with meaningful Cash-to-Debt only.
TOO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07  Med: 0.11 Max: N/A
Current: 0.07
Equity-to-Asset 0.19
TOO's Equity-to-Asset is ranked lower than
90% of the 807 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.45 vs. TOO: 0.19 )
Ranked among companies with meaningful Equity-to-Asset only.
TOO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.19 Max: 0.42
Current: 0.19
0.04
0.42
Interest Coverage 1.64
TOO's Interest Coverage is ranked lower than
87% of the 669 Companies
in the Global Shipping & Ports industry.

( Industry Median: 9.54 vs. TOO: 1.64 )
Ranked among companies with meaningful Interest Coverage only.
TOO' s Interest Coverage Range Over the Past 10 Years
Min: 0.59  Med: 2.52 Max: 4.11
Current: 1.64
0.59
4.11
Piotroski F-Score: 6
Altman Z-Score: 0.33
Beneish M-Score: -2.72
WACC vs ROIC
8.19%
4.39%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 20.03
TOO's Operating Margin % is ranked higher than
80% of the 801 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.72 vs. TOO: 20.03 )
Ranked among companies with meaningful Operating Margin % only.
TOO' s Operating Margin % Range Over the Past 10 Years
Min: 10.61  Med: 17.97 Max: 25.13
Current: 20.03
10.61
25.13
Net Margin % 8.87
TOO's Net Margin % is ranked lower than
77% of the 809 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.66 vs. TOO: 8.87 )
Ranked among companies with meaningful Net Margin % only.
TOO' s Net Margin % Range Over the Past 10 Years
Min: -10.98  Med: 5.42 Max: 13.28
Current: 8.87
-10.98
13.28
ROE % -1.46
TOO's ROE % is ranked lower than
77% of the 798 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.25 vs. TOO: -1.46 )
Ranked among companies with meaningful ROE % only.
TOO' s ROE % Range Over the Past 10 Years
Min: -21.69  Med: 6.87 Max: 38.9
Current: -1.46
-21.69
38.9
ROA % 1.79
TOO's ROA % is ranked lower than
74% of the 818 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.77 vs. TOO: 1.79 )
Ranked among companies with meaningful ROA % only.
TOO' s ROA % Range Over the Past 10 Years
Min: -3.48  Med: 1.64 Max: 3.97
Current: 1.79
-3.48
3.97
ROC (Joel Greenblatt) % 4.61
TOO's ROC (Joel Greenblatt) % is ranked lower than
67% of the 803 Companies
in the Global Shipping & Ports industry.

( Industry Median: 9.14 vs. TOO: 4.61 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TOO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.23  Med: 5.29 Max: 10.4
Current: 4.61
-2.23
10.4
3-Year Revenue Growth Rate -6.40
TOO's 3-Year Revenue Growth Rate is ranked lower than
76% of the 689 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.60 vs. TOO: -6.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TOO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -18.6 Max: 72.7
Current: -6.4
0
72.7
3-Year EBITDA Growth Rate -1.40
TOO's 3-Year EBITDA Growth Rate is ranked lower than
68% of the 590 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.00 vs. TOO: -1.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TOO' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -14.5 Max: 50.7
Current: -1.4
0
50.7
GuruFocus has detected 5 Warning Signs with Teekay Offshore Partners LP $TOO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» TOO's 10-Y Financials

Financials (Next Earnings Date: 2017-05-23 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

TOO Guru Trades in Q1 2016

Ronald Muhlenkamp 14,915 sh (New)
Jim Simons 177,800 sh (+10.12%)
David Tepper 313,990 sh (-68.60%)
» More
Q2 2016

TOO Guru Trades in Q2 2016

David Tepper Sold Out
Ronald Muhlenkamp Sold Out
Jim Simons 114,800 sh (-35.43%)
» More
Q3 2016

TOO Guru Trades in Q3 2016

Steven Cohen 486,029 sh (New)
Jim Simons 281,300 sh (+145.03%)
» More
Q4 2016

TOO Guru Trades in Q4 2016

Steven Cohen Sold Out
Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with TOO

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Preferred stocks of Teekay Offshore Partners LP

SymbolPriceYieldDescription
TOOPRA21.278.537 1/4 % Cum Red Pfd Units Series -A-
TOOPRB23.299.11Cum Red Pfd Units Series -B

Business Description

Industry: Transportation & Logistics » Shipping & Ports    NAICS: 493190    SIC: 4499
Compare:NYSE:KNOP, NYSE:NAT, NAS:GOGL, NYSE:STNG, NYSE:NVGS, NAS:SBLK, AMEX:OSGB, NYSE:SALT, NYSE:SSW, OTCPK:SSLYF, NYSE:HMLP, NYSE:DLNG, OTCPK:IIKKF, OTCPK:OYIEF, NYSE:LPG, NYSE:INSW, OTCPK:CKNHF, NYSE:FRO, OTCPK:PSGFF, NYSE:GNRT » details
Traded in other countries:T01.Germany,
Headquarter Location:Bermuda
Teekay Offshore Partners LP is an international provider of marine transportation, oil production and storage services to the offshore oil industry. Its segments include: Shuttle Tankers, FPSO, Conventional Tankers, FSO Units and the towage segment.

Based in the Marshall Islands, Teekay Offshore Partners operates the world's largest fleet of shuttle tanker ships, which transport oil from offshore rigs to land. The company also owns several storage vessels and oil tankers. With nearly all of its contracts locked in for the next several years, the firm's stable revenue helps buoy its hefty dividend in an otherwise volatile industry. CEO and CFO Peter Evenson is also an executive with parent company Teekay Shipping.

Top Ranked Articles about Teekay Offshore Partners LP

Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units

HAMILTON, BERMUDA--(Marketwired - Jul 1, 2016) - Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared cash distributions of $0.4531 per unit on the Partnership's Series A preferred units (NYSE:TOO.PR.A) and $0.5313 per unit on the Partnership's Series B preferred units (NYSE:TOO.PR.B) for the period from May 15, 2016 to August 14, 2016. In addition, the Partnership has declared distributions of $0.5149 per unit on the Partnership's privately held Series C-1 convertible preferred units and $0.3354 per unit on the Partnership's privately held Series D preferred units, which will both be paid in the form of new common units, for the periods from May 15, 2016 to August 14, 2016 and June 29, 2016 to August 14, 2016, respectively. All distributions are payable on August 15, 2016 to all unitholders of record as at August 8, 2016. About Teekay Offshore Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $6 billion, comprised of 65 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts. Teekay Offshore Partners' common units and Series A and B preferred units trade on the New York Stock Exchange under the symbol "TOO", "TOO PR A" and "TOO PR B", respectively.





For Investor Relations enquiries contact:
Ryan Hamilton
1 (604) 609-6442
www.teekay.com




Read more...
Teekay Corporation Announces Completion of Financing Initiatives

HAMILTON, BERMUDA--(Marketwired - Jun 29, 2016) - Teekay Corporation (Teekay) (NYSE:TK) and Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that they have completed and closed their previously announced financing initiatives. "I am pleased to announce the completion of Teekay's financing initiatives, which include $350 million in bank financings and $100 million in equity capital," commented Peter Evensen, Teekay Corporation's President and Chief Executive Officer. "With the completion of these initiatives, we have significantly reduced our financial leverage and enhanced our liquidity position, which we believe strengthens the entire Teekay Group of companies. In addition, this week we reached an agreement to sell Teekay's remaining conventional tanker, the Shoshone Spirit VLCC, which is expected to further reduce our financial leverage." Mr. Evensen continued, "Teekay Offshore has also completed its financing initiatives, which include $400 million in bank financings, $200 million of equity capital, and the deferral of certain bond maturities. These financing initiatives, together with cash flow from operations and previously secured debt facilities, are expected to cover all of its medium-term liquidity requirements and fully finance Teekay Offshore's $1.6 billion of committed growth projects scheduled to deliver through 2018." Mr. Evensen added, "While not part of these financing initiatives, Teekay LNG Partners has continued to make progress in securing the required financing for its committed growth projects which deliver through 2020 and anticipates completing the majority of these financings by the end of the year." ABN AMRO, Citigroup, Credit Suisse, DNB Bank ASA, ING Capital LLC, Nordea, and Swedbank acted as lead banks for Teekay's and Teekay Offshore's bank financing initiatives. DNB Markets and RBC Capital Markets acted as lead placement agents for Teekay's $100 million equity initiative and Credit Suisse also acted as placement agent. About Teekay Teekay Corporation operates in the marine midstream space through its ownership of the general partners and a portion of the outstanding limited partner interests in Teekay LNG Partners L.P. (NYSE:TGP) and Teekay Offshore Partners L.P. (NYSE:TOO). The general partners own all of the outstanding incentive distribution rights of these entities. In addition, Teekay has a controlling ownership interest in Teekay Tankers Ltd. (NYSE:TNK) and directly owns a fleet of vessels. The combined Teekay entities manage and operate consolidated assets of approximately $13 billion, comprised of approximately 210 liquefied gas, offshore, and conventional tanker assets. With offices in 15 countries and approximately 7,700 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies. Teekay's common stock is listed on the New York Stock Exchange where it trades under the symbol "TK". About Teekay Offshore Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $6 billion, comprised of 65 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts. Teekay Offshore's common units trade on the New York Stock Exchange under the symbol "TOO". Forward Looking Statements This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management's current views with respect to certain future events and performance, including statements regarding: the results and benefits of the financing initiatives, including Teekay Offshore's ability to meet medium-term liquidity requirements and finance its committed growth projects; the sale of the Shoshone Spirit VLCC, including the impact of the sale on Teekay's balance sheet; and the timing and certainty of securing financing for Teekay LNG Partners' committed growth projects delivering through 2020. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: failure to achieve the expected benefits of such financing initiatives; changes in production of, or demand for oil, petroleum products, LNG and LPG, either generally or in particular regions; greater or less than anticipated levels of newbuilding orders or greater or less than anticipated rates of vessel scrapping; changes in trading patterns significantly affecting overall vessel tonnage requirements; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; changes in the typical seasonal variations in tanker charter rates; changes in the offshore production of oil or demand for shuttle tankers, FSOs, FPSOs, UMS, and towage vessels; changes in oil production and the impact on the Company's tankers and offshore units; fluctuations in global oil prices; trends in prevailing charter rates for the Company's vessels and offshore unit contract renewals; the potential for early termination of long-term contracts and inability of the Company to renew or replace long-term contracts; the inability of charterers to make future charter payments; potential shipyard and project construction delays, newbuilding specification changes or cost overruns; costs relating to projects; delays in commencement of operations of FPSO and FSO units at designated fields; failure to complete, or delays in completing, the sale of the Shoshone Spirit VLCC; Teekay LNG Partners' ability to secure financing for its committed growth projects, including potential delays; changes in the Company's expenses; and other factors discussed in Teekay's filings from time to time with the SEC, including its Report on Form 20-F for the fiscal year ended December 31, 2015. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.





For Investor Relations enquiries contact:
Ryan Hamilton
Tel: 1 (604) 844-6654
Website: www.teekay.com




Read more...
Teekay Offshore Partners Announces Completion of Financing Initiatives

HAMILTON, BERMUDA--(Marketwired - Jun 29, 2016) - Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has completed and closed its previously announced financing initiatives. "I am pleased to announce the completion of Teekay Offshore's financing initiatives, which include $400 million in bank financings, $200 million of equity capital, and the deferral of certain bond maturities," commented Peter Evensen, Teekay Offshore's Chief Executive Officer. "These financing initiatives, together with cash flow from operations and previously secured debt facilities, are expected to cover all of our medium-term liquidity requirements and fully finance Teekay Offshore's $1.6 billion of committed growth projects scheduled to deliver through 2018. With the addition of these projects, which are expected to contribute to the stability and further growth of our cash flows, we expect to continue to strengthen our balance sheet and position the Partnership for future increases to its cash distributions." ABN AMRO, Citigroup, Credit Suisse, DNB Bank ASA, ING Capital LLC, Nordea, and Swedbank acted as lead banks for the Partnership's bank financing initiatives. Citigroup and DNB Markets acted as lead placement and structuring agents for the Partnership's combined $200 million of equity initiatives and ABN AMRO Securities (USA) LLC also acted as placement agent. About Teekay Offshore Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $6 billion, comprised of 65 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts. Teekay Offshore's common units trade on the New York Stock Exchange under the symbol "TOO". Forward Looking Statements This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management's current views with respect to certain future events and performance, including statements regarding: the results and benefits of the Partnership's financing initiatives, including the Partnership's ability to meet medium-term liquidity requirements and finance its committed growth projects; and the expected impact of the delivery of the Partnership's existing growth projects on its cash flows, balance sheet and future cash distributions. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: failure to achieve the expected benefits of such financing initiatives; vessel operations and oil production volumes; significant changes in oil prices; variations in expected levels of field maintenance; increased operating expenses; different-than-expected levels of oil production in the North Sea, Brazil and East Coast of Canada offshore fields; potential early termination of contracts; shipyard delivery or vessel conversion and upgrade delays and cost overruns; changes in exploration, production and storage of offshore oil, either generally or in particular regions that would impact expected future growth; delays in the commencement of charter contracts; failure of the Partnership's growth projects to increase cash available for distribution; and other factors discussed in Teekay Offshore's filings from time to time with the SEC, including its Report on Form 20-F for the year ended December 31, 2015. The Partnership expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Partnership's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.





For Investor Relations enquiries contact:
Ryan Hamilton
1 (604) 844-6654
www.teekay.com




Read more...
Teekay Offshore Partners Announces $200 Million Private Placement of Equity Securities

HAMILTON, BERMUDA--(Marketwired - Jun 17, 2016) - Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has entered into binding agreements to issue $200 million of equity securities through two private placements:




Series D Preferred Units: The Partnership has agreed to issue $100 million of 10.5% Series D Cumulative Exchangeable Perpetual Preferred Units (Series D Preferred Units) to a group of investors. These investors will also receive approximately 4.5 million warrants with an exercise price equal to the closing price of the Partnership's common units on June 16, 2016, or $4.55 per unit, and 2.25 million warrants with an exercise price at a 33% premium to the closing price of the Partnership's common units on June 16, 2016, or $6.05 per unit. The warrants have a seven-year term. The Series D Preferred Units are exchangeable into common units of the Partnership at the option of the holder at any time after five years. In addition, the Partnership has the option to redeem the Series D Preferred Units any time after five years.









Common Units: The Partnership has also agreed to issue $100 million of common units to a group of investors priced at the closing price of the Partnership's common units on June 16, 2016, or $4.55 per unit.



Both equity issuances are expected to close on or prior to June 30, 2016, subject to the completion of Teekay Offshore's other previously announced financing initiatives. The Partnership intends to use the net proceeds from these offerings for general partnership purposes, including the funding of its existing newbuilding installments and capital conversion projects. "These equity issuances represent the most significant components of Teekay Offshore's previously announced financing initiatives," commented Peter Evensen, Teekay Offshore's Chief Executive Officer. "With the pricing and placement of these offerings, we remain on track to complete all of our financing initiatives by June 30, 2016. Together with cash flow from operations, these financing initiatives, which include bank financings totaling $400 million, are expected to cover all of our medium-term liquidity requirements and fully finance Teekay Offshore's $1.6 billion of committed growth projects scheduled to deliver through 2018, which we expect will contribute to further growth of our distributable cash flow." Investor Presentation The Partnership provided to potential investors in the equity financings a presentation about, among other things, the Partnership's business, the proposed equity financings and the Partnership's other financing initiatives. A copy of the presentation is available on our website at www.teekayoffshore.com and is also accessible through the following link: http://media3.marketwire.com/docs/1059439-TKIP.pdf This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state of jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. About Teekay Offshore
Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 65 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.
Teekay Offshore's common units trade on the New York Stock Exchange under the symbol "TOO".
Forward-Looking Statements This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management's current views with respect to certain future events and performance, including statements regarding: the timing and completion of the Partnership's equity financing, bank financings, and other financing initiatives to address its medium-term funding needs, and the results and benefits of such initiatives; the use of the net proceeds of the equity financings; and the expected impact of the Partnership's cash flows from operations and the delivery of the Partnership's existing growth projects its future distributable cash flows. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: the Partnership's ability to complete or delays in completing the equity and bank financings or its previously announced other financing initiatives; failure of lenders, investors or other third parties to approve or agree to the proposed terms of the financing initiatives of the Partnership; failure to achieve or the delay in achieving expected benefits of such financing initiatives; vessel operations and oil production volumes; significant changes in oil prices; variations in expected levels of field maintenance; increased operating expenses; different-than-expected levels of oil production in the North Sea, Brazil and East Coast of Canada offshore fields; potential early termination of contracts; shipyard delivery or vessel conversion and upgrade delays and cost overruns; changes in exploration, production and storage of offshore oil, either generally or in particular regions that would impact expected future growth; delays in the commencement of charter contracts; and other factors discussed in Teekay Offshore's filings from time to time with the SEC, including its Report on Form 20-F for the year ended December 31, 2015. The Partnership expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Partnership's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.





For Investor Relations Enquiries:
Ryan Hamilton
1 (604) 844-6654
www.teekay.com




Read more...
Teekay Offshore Partners Provides Update to Financing Initiatives; on Track for Completion by End of June 2016

HAMILTON, BERMUDA--(Marketwired - Jun 15, 2016) - Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announces that the Partnership has received formal approvals from bondholders to extend to late-2018 the majority of the principal maturity payments for two of the Partnership's existing Norwegian Kroner senior unsecured bonds, previously maturing in January 2017 and January 2018, subject to completion of the other previously announced financing initiatives. "I am pleased to report this important milestone towards completing our financing initiatives, which we highlighted in our first quarter 2016 earnings release and conference call in May 2016," commented Peter Evensen, Chief Executive Officer of Teekay Offshore GP LLC. "Our other financing initiatives remain on track to be completed by the end of June 2016. These financing initiatives, together with cash flow from operations, are expected to cover all of our medium-term liquidity requirements and to fully finance our $1.6 billion of existing growth projects delivering through 2018, which we expect will further grow our distributable cash flow." About Teekay Offshore Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry, primarily focusing on the deepwater offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 65 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts. Teekay Offshore's common units trade on the New York Stock Exchange under the symbol "TOO". Forward-Looking Statements This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management's current views with respect to certain future events and performance, including statements regarding: the timing and completion of the Partnership's financing initiatives to address the Partnership's medium-term funding needs, and the results and benefits of such initiatives; and the expected impact of its cash flows from operations and the delivery of its existing growth projects on the Partnership's future distributable cash flows. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: the Partnership's ability to complete or delays in completing its previously announced financing initiatives; failure of lenders, investors or other third parties to approve or agree to the proposed terms of the financing initiatives of the Partnership; failure to achieve or the delay in achieving expected benefits of such financing initiatives; vessel operations and oil production volumes; significant changes in oil prices; variations in expected levels of field maintenance; increased operating expenses; different-than-expected levels of oil production in the North Sea, Brazil and East Coast of Canada offshore fields; potential early termination of contracts; shipyard delivery or vessel conversion and upgrade delays and cost overruns; changes in exploration, production and storage of offshore oil, either generally or in particular regions that would impact expected future growth; delays in the commencement of charter contracts; and other factors discussed in Teekay Offshore's filings from time to time with the SEC, including its Report on Form 20-F for the year ended December 31, 2015. The Partnership expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Partnership's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.





For Investor Relations Enquiries:
Ryan Hamilton
1 (604) 844-6654
www.teekay.com




Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 5.14
TOO's Forward PE Ratio is ranked higher than
98% of the 258 Companies
in the Global Shipping & Ports industry.

( Industry Median: 22.62 vs. TOO: 5.14 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
Price-to-Owner-Earnings 3.16
TOO's Price-to-Owner-Earnings is ranked higher than
75% of the 323 Companies
in the Global Shipping & Ports industry.

( Industry Median: 17.32 vs. TOO: 3.16 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
TOO' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.9  Med: 10.86 Max: 116.48
Current: 3.16
2.9
116.48
PB Ratio 0.70
TOO's PB Ratio is ranked higher than
75% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.22 vs. TOO: 0.70 )
Ranked among companies with meaningful PB Ratio only.
TOO' s PB Ratio Range Over the Past 10 Years
Min: 0.33  Med: 3.45 Max: 7.59
Current: 0.7
0.33
7.59
PS Ratio 0.56
TOO's PS Ratio is ranked higher than
68% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.07 vs. TOO: 0.56 )
Ranked among companies with meaningful PS Ratio only.
TOO' s PS Ratio Range Over the Past 10 Years
Min: 0.17  Med: 1.36 Max: 3.47
Current: 0.56
0.17
3.47
Price-to-Free-Cash-Flow 1.88
TOO's Price-to-Free-Cash-Flow is ranked higher than
94% of the 308 Companies
in the Global Shipping & Ports industry.

( Industry Median: 15.32 vs. TOO: 1.88 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
TOO' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.67  Med: 9.12 Max: 2436.36
Current: 1.88
1.67
2436.36
Price-to-Operating-Cash-Flow 1.88
TOO's Price-to-Operating-Cash-Flow is ranked higher than
93% of the 471 Companies
in the Global Shipping & Ports industry.

( Industry Median: 7.78 vs. TOO: 1.88 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TOO' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.72  Med: 5.23 Max: 47.05
Current: 1.88
0.72
47.05
EV-to-EBIT 19.12
TOO's EV-to-EBIT is ranked lower than
68% of the 871 Companies
in the Global Shipping & Ports industry.

( Industry Median: 14.84 vs. TOO: 19.12 )
Ranked among companies with meaningful EV-to-EBIT only.
TOO' s EV-to-EBIT Range Over the Past 10 Years
Min: -1053.8  Med: 24.5 Max: 1060.3
Current: 19.12
-1053.8
1060.3
EV-to-EBITDA 7.54
TOO's EV-to-EBITDA is ranked higher than
73% of the 928 Companies
in the Global Shipping & Ports industry.

( Industry Median: 10.34 vs. TOO: 7.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
TOO' s EV-to-EBITDA Range Over the Past 10 Years
Min: 2  Med: 10.6 Max: 36
Current: 7.54
2
36
Shiller PE Ratio 23.84
TOO's Shiller PE Ratio is ranked lower than
61% of the 212 Companies
in the Global Shipping & Ports industry.

( Industry Median: 22.18 vs. TOO: 23.84 )
Ranked among companies with meaningful Shiller PE Ratio only.
TOO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.58  Med: 9.17 Max: 34.55
Current: 23.84
3.58
34.55
Current Ratio 0.59
TOO's Current Ratio is ranked lower than
87% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.19 vs. TOO: 0.59 )
Ranked among companies with meaningful Current Ratio only.
TOO' s Current Ratio Range Over the Past 10 Years
Min: 0.38  Med: 0.84 Max: 2.27
Current: 0.59
0.38
2.27
Quick Ratio 0.59
TOO's Quick Ratio is ranked lower than
84% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.09 vs. TOO: 0.59 )
Ranked among companies with meaningful Quick Ratio only.
TOO' s Quick Ratio Range Over the Past 10 Years
Min: 0.38  Med: 0.84 Max: 2.27
Current: 0.59
0.38
2.27
Days Sales Outstanding 32.16
TOO's Days Sales Outstanding is ranked higher than
60% of the 582 Companies
in the Global Shipping & Ports industry.

( Industry Median: 43.32 vs. TOO: 32.16 )
Ranked among companies with meaningful Days Sales Outstanding only.
TOO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.52  Med: 30.96 Max: 69.12
Current: 32.16
16.52
69.12
Days Payable 6.27
TOO's Days Payable is ranked lower than
93% of the 489 Companies
in the Global Shipping & Ports industry.

( Industry Median: 37.49 vs. TOO: 6.27 )
Ranked among companies with meaningful Days Payable only.
TOO' s Days Payable Range Over the Past 10 Years
Min: 6.27  Med: 11.45 Max: 14.83
Current: 6.27
6.27
14.83

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 8.29
TOO's Dividend Yield % is ranked higher than
91% of the 963 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.48 vs. TOO: 8.29 )
Ranked among companies with meaningful Dividend Yield % only.
TOO' s Dividend Yield % Range Over the Past 10 Years
Min: 0.15  Med: 7.48 Max: 77.92
Current: 8.29
0.15
77.92
3-Year Dividend Growth Rate -40.50
TOO's 3-Year Dividend Growth Rate is ranked lower than
82% of the 392 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.30 vs. TOO: -40.50 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TOO' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -40.5 Max: 18.2
Current: -40.5
0
18.2
Forward Dividend Yield % 7.94
TOO's Forward Dividend Yield % is ranked higher than
91% of the 915 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.61 vs. TOO: 7.94 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.93
TOO's 5-Year Yield-on-Cost % is ranked lower than
58% of the 1059 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.35 vs. TOO: 2.93 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TOO' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.05  Med: 2.64 Max: 27.51
Current: 2.93
0.05
27.51
3-Year Average Share Buyback Ratio -19.30
TOO's 3-Year Average Share Buyback Ratio is ranked lower than
84% of the 397 Companies
in the Global Shipping & Ports industry.

( Industry Median: -2.10 vs. TOO: -19.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TOO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -41.3  Med: -15.9 Max: 0
Current: -19.3
-41.3
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.82
TOO's Price-to-Tangible-Book is ranked higher than
71% of the 731 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. TOO: 0.82 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TOO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78  Med: 4.02 Max: 19.24
Current: 0.82
0.78
19.24
Price-to-Intrinsic-Value-Projected-FCF 0.60
TOO's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
67% of the 356 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. TOO: 0.60 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TOO' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.57  Med: 1.17 Max: 1.81
Current: 0.6
0.57
1.81
Price-to-Median-PS-Value 0.41
TOO's Price-to-Median-PS-Value is ranked higher than
95% of the 684 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.08 vs. TOO: 0.41 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TOO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.22  Med: 0.79 Max: 2.13
Current: 0.41
0.22
2.13
Earnings Yield (Greenblatt) % 5.25
TOO's Earnings Yield (Greenblatt) % is ranked lower than
55% of the 1060 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.78 vs. TOO: 5.25 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TOO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 3.9 Max: 28.2
Current: 5.25
0.1
28.2
Forward Rate of Return (Yacktman) % 10.02
TOO's Forward Rate of Return (Yacktman) % is ranked higher than
57% of the 472 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.16 vs. TOO: 10.02 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TOO' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -21.5  Med: -8.5 Max: 10.5
Current: 10.02
-21.5
10.5

More Statistics

Revenue (TTM) (Mil) $1,152
EPS (TTM) $ -0.26
Beta3.67
Short Percentage of Float2.87%
52-Week Range $4.06 - 6.86
Shares Outstanding (Mil)147.51

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,169 1,328 1,326
EPS ($) 1.08 1.68 1.65
EPS without NRI ($) 1.08 1.68 1.65
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.44 0.44 0.78
» More Articles for TOO

Headlines

Articles On GuruFocus.com
Why Shipping Stocks Are the Worst-Performing Stocks Ever Jan 16 2017 
Is There Value in the Shipping Sector? Dec 06 2016 
Teekay Offshore Partners Declares Distribution Oct 03 2016 
Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units Oct 03 2016 
Teekay Offshore Partners Awarded New North Sea Shuttle Tanker Contracts Sep 23 2016 
Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units Jul 01 2016 
Teekay Corporation Announces Completion of Financing Initiatives Jun 29 2016 
Teekay Offshore Partners Announces Completion of Financing Initiatives Jun 29 2016 
Teekay Offshore Partners Announces $200 Million Private Placement of Equity Securities Jun 17 2016 
Teekay Offshore Partners Provides Update to Financing Initiatives; on Track for Completion by End of Jun 15 2016 

More From Other Websites
Teekay Offshore Partners LP breached its 50 day moving average in a Bullish Manner : TOO-US : April... Apr 07 2017
Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units Apr 03 2017
Teekay Offshore Partners Declares Distribution Apr 03 2017
Teekay Offshore Partners LP : TOO-US: Dividend Analysis : February 03rd, 2017 (record date) : By the... Mar 20 2017
Teekay Corporation and Teekay Offshore Partners Announce Changes to Boards of Directors Mar 08 2017
Teekay Offshore Partners LP :TOO-US: Earnings Analysis: Q4, 2016 By the Numbers : March 7, 2017 Mar 07 2017
Smaller MLPs May Outperform in 2017 Mar 02 2017
Teekay Offshore Partners Reports Fourth Quarter and Annual 2016 Results Feb 23 2017
Teekay Group Announces Fourth Quarter and Fiscal Year 2016 Earnings Results Conference Calls Feb 14 2017
Teekay Offshore Partners LP : TOO-US: Dividend Analysis : November 04th, 2016 (record date) : By the... Jan 04 2017
Is Teekay Offshore Partners L.P. (TOO) A Good Stock To Buy? Dec 11 2016
Is There Value in the Shipping Sector? Dec 06 2016
Teekay Offshore Partners LP :TOO-US: Earnings Analysis: Q3, 2016 By the Numbers : November 18, 2016 Nov 18 2016
Teekay Offshore Partners LP breached its 50 day moving average in a Bearish Manner : TOO-US :... Nov 03 2016
Teekay Offshore Partners' CEO, CFO and Board Member Peter Evensen to Retire Oct 27 2016
Teekay Group Announces Third Quarter 2016 Earnings Results Conference Calls Oct 24 2016
Teekay Offshore Partners LP : TOO-US: Dividend Analysis : July 29th, 2016 (record date) : By the... Oct 06 2016

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