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Teekay LNG Partners: 4th-Ranked Stock among LNG Carriers

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YTD performance

Among LNG carrier stocks, Teekay LNG Partners (TGP) is the fourth-best-performing stock on a YTD (year-to-date) basis. It had a YTD return of -9.4% on March 26, 2018.

Teekay LNG Partners came in behind GasLog Partners (GLOP), Golar LNG (GLNG), and Dynagas LNG Partners (DLNG), which had YTD returns of -5.8%, -7.1%, and -7.3%, respectively.

Teekay LNG Partners has underperformed the shipping ETF and the broad equity market indexes. Since December 31, 2017, the Guggenheim Shipping ETF (SEA) has fallen ~8.5%. On March 26, 2018, the Dow Jones Industrial Average (DIA) has fallen ~2.3%, and the SPDR S&P 500 ETF (SPY) fell 0.66% during the same period.

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About TGP

Teekay LNG Partners is an independent owner and operator of LNG carriers. It transports LNG, LPG, and crude oil. The company works under long-term fee-based charter contracts. 

The company fully or partially owns 50 LNG carriers, 30 LPG/Multigas carriers, and five conventional tankers. Teekay LNG Partners is an MLP (master limited partnership) formed by Teekay Corporation (TK)

Dividend yields 

MLPs are popular among income investors, as they generally offer tax advantages and high dividend yields. On March 26, 2018, Teekay LNG Partners had a dividend yield of ~3.1%. Following are the dividend yields for other LNG carrier companies:

  • Golar LNG Partners (GMLP): ~13.3%
  • Hoegh LNG Partners (HMLP): ~10.8%
  • Dynagas LNG Partners (DLNG): ~16.8%
  • GasLog Partners (GLOP): ~8.9%
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