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Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (TGP), announced cash distributions of $0.5625 per unit for Series A preferred units (TGP-PA) and $0.5313 per unit for Series B preferred units (TGP-PB). These distributions cover the period from July 1, 2021, to September 30, 2021, and are payable on October 15, 2021, to unitholders registered by September 30, 2021. Teekay LNG operates a significant fleet of LNG and LPG carriers, focusing on long-term, fee-based charter contracts.
Teekay LNG Partners L.P. reported a GAAP net income of $53.3 million and an adjusted net income of $57.0 million for Q2 2021. The total adjusted EBITDA was $183.5 million. The LNG fleet is 98% fixed for 2021 and 89% for 2022. Results were affected by increased dry dockings and the redeployment of vessels. CEO Mark Kremin highlighted strong LNG market fundamentals expected to continue through 2022. Despite scheduled dry dockings, revenue days largely secured on fixed-rate charters promise consistent cash flow.
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (TGP), has announced a cash distribution of $0.2875 per common unit for Q2 2021, amounting to $1.15 annually. The distribution is scheduled for August 13, 2021, to unitholders on record by August 5, 2021. Teekay LNG, a major player in the LNG and LPG shipping industry, operates a fleet including 47 LNG carriers and 23 mid-size LPG carriers, with interests in vessels ranging from 20% to 100%.
Teekay GP LLC has announced cash distributions for its preferred units for the period from April 1 to June 30, 2021. Holders of Series A preferred units (TGP-PA) will receive $0.5625 per unit, while Series B preferred units (TGP-PB) will receive $0.5313 per unit. Payments will be made on July 15, 2021, to unitholders of record by June 30, 2021. Teekay LNG is a major player in the LNG and LPG shipping sectors, operating a fleet of 47 LNG carriers and more, primarily through long-term contracts.
Teekay LNG Partners reported a strong Q1 2021, achieving a GAAP net income of $87.6 million ($0.92 per common unit), significantly up from ($32.994 million) a year earlier. Adjusted net income rose to $60.5 million ($0.61 per common unit). The partnership secured three LNG charters, with its fleet now 98% fixed for 2021 and 89% fixed for 2022. EBITDA totaled $184.3 million. A quarterly distribution hike of 15% to $1.15 per unit was announced, marking the third consecutive annual increase. Liquidity stood at $406.2 million.
Teekay LNG Partners L.P. (NYSE:TGP) has announced a cash distribution of $0.2875 per common unit for Q1 2021, marking a 15% increase compared to the previous quarter. This amounts to an annualized distribution of $1.15 per unit. The payment is set for May 14, 2021, to common unitholders on record as of May 5, 2021. Teekay LNG operates a fleet comprising 47 LNG carriers, 23 LPG carriers, and 7 multi-gas carriers, providing services primarily under long-term contracts.
Teekay GP LLC has declared cash distributions of $0.5625 per unit for Series A preferred units (TGP-PA) and $0.5313 per unit for Series B preferred units (TGP-PB) for the period of January 1 to March 31, 2021. These distributions will be payable on April 15, 2021, to unitholders of record as of March 31, 2021. Teekay LNG, one of the largest independent owners and operators of LNG carriers, operates under long-term, fee-based contracts with a fleet of 47 LNG carriers, 23 LPG carriers, and 7 multi-gas carriers.
Teekay LNG Partners reported a GAAP net income of $35.1 million for Q4 2020, with earnings per common unit at $0.32, an increase from $0.73 for the entire fiscal year. Adjusted net income reached $60.0 million ($0.61 per unit) in Q4, totaling $233.8 million and $2.45 per unit for fiscal 2020. The company anticipates a 15% increase in common unit distributions to $1.15 annually from Q1 2021. Despite write-downs totaling $23 million, decreased dry dockings and stable charters bolstered earnings. Total liquidity stood at $461.6 million as of December 31, 2020.
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (TGP), has declared a cash distribution of $0.25 per common unit for the quarter ending December 31, 2020, equating to $1.00 annually. This distribution is payable on February 12, 2021, for unitholders of record by February 2, 2021. Additionally, Teekay LNG plans to provide 2021 distribution guidance and release its fourth quarter and fiscal year 2020 financial results in late February 2021.
Teekay LNG Partners L.P. (NYSE:TGP) has announced cash distributions for its preferred units, declaring $0.5625 per unit for Series A and $0.5313 per unit for Series B. These distributions pertain to the period from October 1 to December 31, 2020, and will be paid on January 15, 2021, to unitholders of record as of December 31, 2020. Teekay LNG is one of the largest independent owners of LNG carriers, with significant interests in 47 LNG carriers, 23 mid-size LPG carriers, and other assets. The cash distributions will be reported on Form 1099 for U.S. tax purposes.
