Teekay LNG Partners (NYSE: TGP) reported earnings on Aug. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Teekay LNG Partners missed estimates on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased.

Margins increased across the board.

Revenue details
Teekay LNG Partners reported revenue of $96.4 million. The three analysts polled by S&P Capital IQ anticipated revenue of $100.3 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $92.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.62. The four earnings estimates compiled by S&P Capital IQ anticipated $0.51 per share. GAAP EPS were $0.58 for Q2 against -$0.09 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 78.9%, 500 basis points better than the prior-year quarter. Operating margin was 46.5%, 370 basis points better than the prior-year quarter. Net margin was 39.1%, 4,250 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $101.6 million. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $406.0 million. The average EPS estimate is $2.11.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 226 members out of 233 rating the stock outperform, and seven members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Teekay LNG Partners a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teekay LNG Partners is outperform, with an average price target of $41.50.

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