Thanks, everyone. good Vince and morning,
next companies. daughter the the two will of briefly highlights our touch and Over slides, I on results
daily fixed nature rate day GDP's [ph] XX earned is a expected fewer quarter average its be charter a its the levels utilization to per million fourth reflect XXXX. months docking of on XXXX results this and all $XX,XXX expected per heightened a in to encourage their from I schedule GDP of more docks. quarter's off fixed recent LNG as the adjusted respective early fleet the growth XXXX this in $XX X, unit, a always, the call. $XXX total $XX,XXX a year highlights. listen contribution following the On as you The conference earnings charter carrier figure XXXX XXX% now rate of scheduled to by net calls contract the remainder Partners per be results result the approximately Slide LNG's generated or XX% To Teekay is details on $X.XX from LNG of also previous and of EBITDA is XXX% As summarized million dry basis in in for from complete for QX of program. and quarter these charter with time Teekay we income employment. dry extended [ph] a owned fully-delivered LNG of Americas have clear, Spirit fixed XX% earnings day. recently adjusted because increase to and to result
window Meggie also XXXX adjusted for highs carrier Albatross with cargo has $XXX,XXX with an EBITDA seasonal Asia over guidance. Northeast demand, day in in addition, LNG including winter market expectation three over the of with per positively impacting past expected and XDF as The well In can its December, model Korea stronger in has attributed recent and-a-half The ton-mile of significantly cancellations to the upswing GDP versus China. reaffirmed northern months, Japan, Asia, vessels. Europe, [ph] of [ph] strength income adjusted be reopening the and fewer prices net strengthened LNG [ph] as the LNG reaching cold zero and
position with issuance million approximately $XXX low GDP continues with recent further record interest liquidity strengthen rate. sheet its its Lastly, of to million $XXX strong a at bond balance
of its compared previous reduced by on reach remains annualized year. range its track and net million total leverage to or target or $XX million the proportionate $X proportion nearly During debt quarter and expense over next quarter, basis the net on interest nearly X% third an its to reduced GDP X% by
Turning total flows the million, of per million period net an $XXX generated transformed improvement its same back net to over TNK the $XX TNK from million. the Slide EBITDA significant X. past loss adjusted of in a share $X.XX free million QX, and year, In same Teekay another last $X.X $XX and of cash quarterly income year assets sheet over balance Tankers adjusted share or of adjusted profit. $XXX of on third has of $X up in year. or the sales from the million, reported $XX the quarter, million adjusted period of over in per prior
time, this its through increased interest portion has as some to million of using TNK or September almost position And well debt of total reduced its his existing TNK has by as $XXX to reduce its $XXX lease net as $XXX million, sale started by of unwinding XX%, million further costs During liquidity liquidity XXth. a backs.
oil the shipping our two good energy this while gas Vessel two at meet will to Energy The Slide only this IMO other forms XXXX. significant targets. technology is reduce XXXX decades. In but is of take for the emissions, But extremely graph is puts energy development as providing of supply that and which the to Paris XX% the macro will oil the emissions of up Paris change natural XX% global achieve the must changes fuel, World burning which and and the highlights XXXX, policies relative we natural with gas along IEA, reflects scenario, with enough natural global to as stated energy to transportation highlight grow gas global the evolve key oil energy the Outlook natural XX% expected mix reduce XXXX, energy demand the It graph the to look efficient mix energy through XXXX. transition XXXX. the highlights in goods, new global strive they of with sector on out XXXX level. as with we currently-announced growing declining the growth transports almost X, making the our next key respectively. not to shipping track and being world to targets will of side is both gas global to of the by for world's further on policy on The emissions. the and and the XX% demand which Turning show time. right it Both we note out gas requirements XX% renewables. energy scenarios responsible the and of ongoing to mix and to important transition scenario, by and to a left sustainable as greenhouse global out XX% Agreement X% of And energy Agreement, in components in as at cleaner
and is oil resources demand Although coming be meet both certain, the the gas see future mix continuing over to not energy energy we global key decades. to
ESG has that for and believe great and We industry we to company as and raising been highlighted Turning our for important our hand take. guiding all more continue our us. be go focus on XX X, the that stakeholders for journey with trusting to principle become the need stakeholders. see years we Slide and actions as even three ultimately, a relationships will measured we hand This the foundation ESG ever, industry evolving we of bar. from leadership a expectation leadership in as is has The almost areas for
ESG years. when lifespan arguably of is allocate important to first our XX sources, XX question making how capital investments assets a energy of with and The especially in in most world we changing a
changes As the always in energy more strategy, the next how has main to [ph] in detail energy the informed changes our on energy our mix slide. on transportation continually charts adapted we have companies in mix
to Across responsibly drive and through existing need and to reduction operate our greenhouse IMO vessel existing near the as technologies XXXX fleet term, possible. the fleet, and as XXXX we ambitions. align we efficiency optimizing voyage businesses we're continuing as new our efficiently planning business. continue safely, our we Second, improved will our and achieve gas In digitalization to
Compact, ESG all in United The we which to that Third, joined we our Global and principles demonstrate they ESG that strong to can TK culture just embedded recently our once demonstrate our have group the stakeholders. have commitment. is Nations ensure
stakeholder sustainability In report such a SAS reports with needs addition, also we that and XX meeting Group global sustainability for expect last in DRI have [ph]. years XXXX published is the meets frameworks, TK April to new and as and release aligned
in provide to a mix. Slide the X, how adapted we have energy to change history of we Turning global
crude the diversified to of XX% world's Over more decades, our past in fleets from oil exposure portfolio carriers today. moved shipping business carrier have XXX% of than with the investment the largest one we gas to vessels two of XX capital more a with LNG
During this oil world for to the to we consume tanker with gas sector, expected have in of the is our uphold to brand moving invested amount continue LNG world natural leadership time, as the our significant saw we business replace while crude our we come. oil to decades on capital cleaner a as coal operational respective to
areas business in areas winding where business Over can down more our going the divesting have energy we offshore to impact new believe an we likely forward, the transition. past been be that are on few and years, and we've
highlighted our saw providing past with we gas flows flows quarter times to to cash of more and the several Slide the first stability portfolio tanker flow quarters, strong fourth having of diversified rates, cash like to XXXX. of latter XXXX, complement Turning variable with significant during over cash XX, half the spot our we ability provide tanker the our in the
companies significant the on continue graph the from discounts share two appreciation at intrinsic values. respective our price Looking significant GSP to has potential to share daughter TK right, at of trade that TNK their and cooperation upside
$X.XX to price continuing LNG per on the TK and at create to operator In across that are our group, XX% expenditures appreciation no uplift pandemic. price providing the we to onshore positioned take share value. on seafarers to significant that, TK's growth questions. With We and yesterday. respectively, closing, of XXX% or financially thank term extensive TK dollar safe XX% shareholder group based sheets uninterrupted of strengthen and now and dedication have we $X.XX potential across to value provided share our want throughout the colleagues closing committed we our share customers XX% balance contracted to for capital maturities, near-term of to share debt are revenues based the the to well believe of continued available and service long I course With their
