Teekay Offshore Partners reported a $102.6m loss for the quarter due to the write-down of two cancelled offshore newbuildings and losses in interest rate swaps and foreign exchange forward contracts.
The Peter Evensen-led offshore partnership said net income excluding the one-time items would have been $23.6m for the quarter. That would have resulted in a per unit profit of $0.22, which was slightly below the average analyst estimate of $0.24
