Altera Infrastructure Plans to Announce Fourth Quarter 2021 Earnings Results

Rhea-AI Summary

Altera Infrastructure plans to announce its Fourth Quarter 2021 financial results on February 3, 2022, before the market opens. The company, based in Aberdeen, operates significant energy infrastructure assets in offshore oil sectors, particularly in the North Sea, Brazil, and the East Coast of Canada. With assets valued at approximately $3.9 billion, Altera operates a substantial fleet, including FPSO units and shuttle tankers, mostly secured by medium-term contracts. The company is wholly owned by affiliates of Brookfield Business Partners.

Positive

• Altera Infrastructure has consolidated assets of approximately $3.9 billion.
• The majority of the fleet is employed on medium-term, stable contracts.

Negative

• None.

ABERDEEN, United Kingdom, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Altera Infrastructure L.P. (NYSE: “ALIN PRA”, “ALIN PRB” and “ALIN PRE”) plans to release its financial results for the Fourth Quarter of 2021 before market opening on Thursday, February 3, 2022.

About Altera Infrastructure

Altera Infrastructure is a leading global energy infrastructure services partnership 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.

Altera Infrastructure has consolidated assets of approximately $3.9 billion, comprised of 45 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including one new build), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels and a unit for maintenance and safety (UMS). The majority of Altera Infrastructure’s fleet is employed on medium-term, stable contracts. Affiliates of global asset manager Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera Infrastructure’s general partner.

Altera Infrastructure’s preferred units trade on the New York Stock Exchange under the symbols “ALIN PRA”, “ALIN PRB” and “ALIN PRE”, respectively.

For Investor Relations enquiries, please contact:

Jan Rune Steinsland, Chief Financial Officer
Tel: +47 97052533
E-mail: investor.relations@alterainfra.com
Website: www.alterainfra.com

FAQ

When will Altera Infrastructure release its Q4 2021 financial results?

Altera Infrastructure will release its Q4 2021 financial results on February 3, 2022.

What are the stock symbols for Altera Infrastructure's preferred units?

The stock symbols for Altera Infrastructure's preferred units are ALIN PRA, ALIN PRB, and ALIN PRE.

What assets does Altera Infrastructure own?

Altera Infrastructure owns approximately $3.9 billion in assets, including 45 offshore assets like FPSO units and shuttle tankers.

In which regions does Altera Infrastructure operate?

Altera Infrastructure operates in the North Sea, Brazil, and the East Coast of Canada.