Teekay LNG – TNK – 1Q20 EPU Misses; IDRs Eliminated, LNG Carriers Now Fully Chartered Through 2020 – Teekay LNG Partners reported an adj. EPU of $0.58 which was below our estimate of $0.61 primarily due to lower than expected revenues and higher than expected G&A and depreciation expenses. The Partnership booked new time charters for three of its equity-owned LNG carriers, giving it 100% charter coverage for its LNG fleet in 2020 and 94% in 2021. – HOLD – Jefferies – May 21, 2020