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Private company

Altera Infrastructure L.P.

Water transportation company1

In its 2022 annual report (Form 20-F) the company says: “We are an international infrastructure services provider to the offshore oil and gas industry, focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. We have the following five operating segments which are organized based on how management views business activities within particular sectors: FPSO, Shuttle Tanker, floating storage and off-take (or FSO), Units for Maintenance and Safety (or UMS ) and Towage.”10

Last updated Oct 21, 2026.

Overview

$1.2BRevenue, fiscal 20212
-$136.4MNet income, fiscal 20212
  • IndustryWater Transportation1
  • Headquarters1T1
  • Incorporated inMarshall Islands3
  • Business addressAltera House, Unit 3, Prospect Park, Arnhall Business Park, Westhill, Aberdeenshire, X0 Ab32 6Fj3
  • Filer categoryNon-accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-11.9%Net margin2
-2.6%Revenue growth, 20212
-135.5%Return on equity2
20.43×Debt to equity2
$3.8MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs81¢$935.5M
  • Interest18¢$206.2M
  • Income tax1¢$9.6M

Out of $1.2B in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending98¢$211.4M
  • Share buybacks0¢$24.0K
  • Kept or used elsewhere2¢$3.8M

Out of $215.3M of cash from operations.2

Financial statements

Revenue45672$1.2B in 2021+13% since 2014
0$500.0M$1.0B$1.5B2014: $1.0B$1.0B20142015: $1.2B$1.2B2015+21%2016: $1.2B$1.2B2016−6%2017: $44.6M$44.6M2017−96%2018: $220.0M$220.0M2018+393%2019: $161.4M$161.4M2019−27%2020: $1.2B$1.2B2020+632%2021: $1.2B$1.2B2021−3%
Operating income4567-$91.0M in 2019
-$200.0M-$100.0M0$100.0M$200.0M$300.0M2014: $256.2M$256.2M20142015: $283.4M$283.4M2015+11%2016: $230.9M$230.9M2016−19%2017: -$116.0M-$116.0M20172018: $111.7M$111.7M20182019: -$91.0M-$91.0M2019
Net income45672-$136.4M in 2021
-$400.0M-$200.0M0$200.0M2014: $17.7M$17.7M20142015: $100.1M$100.1M2015+467%2016: $44.5M$44.5M2016−56%2017: -$299.4M-$299.4M20172018: -$123.9M-$123.9M2018−59%2019: -$350.9M-$350.9M2019+183%2020: -$346.2M-$346.2M2020−1%2021: -$136.4M-$136.4M2021−61%
Fiscal year20142015201620172018201920202021
Revenue$1.0B4$1.2B5$1.2B6$44.6M7$220.0M7$161.4M7$1.2B2$1.2B2
Cost of revenue$80.8M6$99.4M7$151.8M7$129.9M7
Operating income$256.2M4$283.4M5$230.9M6-$116.0M7$111.7M7-$91.0M7
Interest$88.4M4$122.8M5$140.6M6$154.9M7$199.4M7$205.7M7$206.2M2
Income before tax-$126.8M2
Income tax$2.2M4-$21.4M5$8.8M6-$98.0K7$22.7M7$7.8M7$9.6M2
Net income$17.7M4$100.1M5$44.5M6-$299.4M7-$123.9M7-$350.9M7-$346.2M2-$136.4M2
Earnings per share-$0.442-$0.902-$0.392
Earnings per share (diluted)-$0.442-$0.902-$0.392
Shares (weighted, basic)411.1M shares2

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What it owns

What Altera Infrastructure L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$51.9M2 Dec 31, 2021$127.3M2 Dec 31, 2020−59.2%
Operating-lease assets (leased space)$25.4M2 Dec 31, 2021$35.3M2 Dec 31, 2020−28.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$190.9M2 Dec 31, 2021$235.7M2 Dec 31, 2020−19.0%
Long-term investments$45.7M2 Dec 31, 2021$36.4M2 Dec 31, 2020+25.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$127.1M2 Dec 31, 2021$127.1M2 Dec 31, 20200%

Inventory

ItemLatestA year beforeChange
Inventory, total$26.6M2 Dec 31, 2021$16.3M2 Dec 31, 2020+63.1%
Raw materials$3.4M2 Dec 31, 2021$2.8M2 Dec 31, 2020+22.2%

Former names

  • Teekay Offshore Partners L.P.Dec 4, 2006 to Feb 28, 20203

Filings

15 filings to the SEC since October 2021: 1 annual reports, 14 other. The latest 15:

  1. Jan 9, 202315-15D EDGAR
  2. Jan 9, 202315-15D EDGAR
  3. Jan 9, 202315-15D EDGAR
  4. Jan 9, 20236-K EDGAR
  5. Aug 31, 20226-K EDGAR
  6. Aug 18, 20226-K EDGAR
  7. Aug 15, 20226-K EDGAR
  8. Aug 4, 20226-K EDGAR
  9. May 2, 20226-K EDGAR
  10. May 2, 20226-K EDGAR
  11. Mar 9, 202220-F EDGAR
  12. Feb 3, 20226-K EDGAR
  13. Jan 18, 20226-K EDGAR
  14. Nov 5, 20216-K EDGAR
  15. Nov 5, 20216-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Altera Infrastructure L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAltera Infrastructure L.P.1
  • CIK0001382298
  • Employer ID (EIN)98-05125551
  • Filer statusNon-accelerated filer1
  • Incorporated inMarshall Islands1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4400 Water Transportation1
  • Business addressAltera House, Unit 3, Prospect Park, Arnhall Business Park, Westhill, Aberdeenshire, X0 AB32 6FJ1
  • Phone011 44 1224 5682001
  • On EDGAR sinceDec 4, 20061
  • Filings440 in all: 6-K (197), SC 13G/A (33), CORRESP (24), UPLOAD (23), 424B5 (19), 20-F (16), EFFECT (14), F-3 (12)1
    All 38 form types

    SC 13D/A (12), 4 (8), F-3/A (8), SC 13G (8), 6-K/A (6), 8-A12B/A (6), FWP (6), 25-NSE (5), 8-A12B (5), CERTNYS (4), 15-15D (3), 424B7 (3), F-3ASR (3), SC 13E3/A (3), 20-F/A (2), 424B2 (2), 424B4 (2), S-8 (2), S-8 POS (2), SC 13D (2), 15-12B (1), 3 (1), 424B3 (1), CERT (1), CT ORDER (1), F-1 (1), F-1/A (1), POS AM (1), POSASR (1), SC 13E3 (1)

  • Latest filingsAnnual report (20-F) Mar 9, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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