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Article: Teekay Offshore Partners Reports Third Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 1, 2007
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NASSAU, Bahamas -- Teekay Offshore Partners L.P. (NYSE:TOO):
Highlights
* Declared a cash distribution of $7.7 million, or $0.385 per unit, for the third quarter, an increase of 10% from the prior quarter
* Generated $7.3 million in distributable cash flow for the third quarter of 2007
* As previously announced, acquired interests in two shuttle tankers in July 2007, and one floating storage and offtake unit from Teekay Corporation in October 2007
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) today reported net income of $2.1 million for the quarter ended September 30, 2007, compared to net ...