The MLP recorded cash flow of $40.1m in the three months to the end of June, down from $43.0m in the same stretch of 2013.
Teeaky Offshore sold three conventional tankers in the past year and has seen four shuttle tankers come to the end of charters. The Dampier Spirit FSO was also dry-docked in the quarter.
Chief executive Peter Evensen says the dip in cash flow is temporary and points to a number of expansion projects that would boost earnings in the future.
