Last $46.57 USD
Change Today -0.13 / -0.28%
Volume 376.4K
TRP On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Key Developments

TransCanada Secures Long-Term Commitments for ANR Pipeline System

TransCanada Corporation announced its ANR Pipeline system has secured almost 2.0 billion cubic feet a day (Bcf/d) of firm natural gas transportation commitments on its Southeast Main Line (SEML) at maximum rates for an average term of 23 years. Approximately 1.25 Bcf/d will commence in 2014, with the remaining volume commencing in 2015. Through a series of open seasons and working directly with customers, ANR secured contracts on available capacity on the SEML to move Utica and Marcellus shale gas to points north and south on the system. This includes most recently securing 600 million cubic feet a day (MMcf/d) as part of a reversal project on the SEML system. This project will enhance existing bi-directional flow capability that will allow more natural gas to move south to the Gulf Coast, where markets are experiencing a resurgence of natural gas demand for industrial use, as well as significant new demand related to natural gas exports from recently approved liquefaction terminals.

TransCanada Corp. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-03-2014 through Apr-04-2014

TransCanada Corp. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-03-2014 through Apr-04-2014. Venue: Sheraton Centre Toronto, 123 Queen Street West, Toronto, Ontario, Canada. Presentation Date & Speakers: Apr-03-2014, Paul E. Miller, Executive Vice President and President of Liquids Pipelines. Apr-04-2014, Paul E. Miller, Executive Vice President and President of Liquids Pipelines.

TransCanada Corporation Declares Quarterly Dividend; Announces Preferred Dividend on Cumulative Redeemable First Preferred Shares, Series 1, Cumulative Redeemable First Preferred Shares, Series 3, Cumulative Redeemable First Preferred Shares, Series 5, Cumulative Redeemable First Preferred Shares, Series 7, Cumulative Redeemable First Preferred Shares, Series 9

TransCanada Corporation declared a quarterly dividend of $0.48 per common share for the quarter ending March 31, 2014, on the company's outstanding common shares. This is a 4% increase over the $0.46 dividend per share paid in each of the previous four quarters. The common share dividend is payable on April 30, 2014, to shareholders of record at the close of business on March 31, 2014. The Board also declared dividends on company's preferred shares: A quarterly dividend of $0.2875 per share for the period up to but excluding March 31, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on March 31, 2014, to shareholders of record at the close of business on February 28, 2014. A quarterly dividend of $0.25 per share for the period up to but excluding March 31, 2014, on company's outstanding Cumulative Redeemable First Preferred Shares, Series 3. The dividend is payable on March 31, 2014, to shareholders of record at the close of business on February 28, 2014. A quarterly dividend of $0.275 per share for the period up to but excluding April 30, 2014, on company's outstanding Cumulative Redeemable First Preferred Shares, Series 5. The dividend is payable on April 30, 2014 to shareholders of record at the close of business on March 31, 2014. A quarterly dividend of $0.25 per share for the period up to but excluding April 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 7. The dividend is payable on April 30, 2014, to shareholders of record at the close of business on March 31, 2014. An initial dividend of $0.2911 per share for the period commencing January 20, 2014 up to but excluding April 30, 2014 on company's outstanding Cumulative Redeemable First Preferred Shares, Series 9. The dividend is payable on April 30, 2014, to shareholders of record at the close of business on March 31, 2014.

TransCanada Corp. Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Fiscal Year Ended December 31, 2013; Provides Earnings Guidance for the Fiscal 2014

TransCanada Corp. announced unaudited consolidated earnings and operating results for the fourth quarter and fiscal year ended December 31, 2013. For the quarter, the company reported revenue was CAD 2,332 million against CAD 2,089 million a year ago. Comparable EBITDA was CAD 1,291 million against CAD 1,052 million a year ago. Net income attributable to common shares was CAD 420 million or CAD 0.59 basic and diluted per share against CAD 306 million or CAD 0.43 basic and diluted per share a year ago. Comparable earnings were CAD 410 million or CAD 0.58 basic per share against CAD 318 million or CAD 0.45 basic per share a year ago. This 29% increase in comparable EPS was primarily due to a higher allowed return on equity for Canadian Mainline, a higher allowed return on equity and a higher average investment base on the NGTL System, increased volumes on Keystone pipeline system and higher equity income from Bruce Power due to the return to service of Units 1 and 2 and fewer plant outage days at Unit 4. Funds generated from operations were CAD 1,083 million against CAD 818 million a year ago. Net cash provided by operations was CAD 1,009 million against CAD 1,025 million a year ago. Capital expenditures were CAD 1,431 million against CAD 1,040 million a year ago, driven principally by the Gulf Coast project and construction of Mexican pipelines. EBITDA was CAD 1,320 million against CAD 1,040 million a year ago. Comparable EBIT was CAD 895 million against CAD 709 million a year ago. Income before income taxes was CAD 685 million against CAD 466 million a year ago. For the year, the company reported revenue was CAD 8,797 million against CAD 8,007 million a year ago. Comparable EBITDA was CAD 4,859 million against CAD 4,245 million a year ago. Net income attributable to common shares was CAD 1,712 million or CAD 2.42 basic and diluted per share against CAD 1,299 million or CAD 1.84 basic and diluted per share a year ago. Comparable earnings were CAD 1,584 million or CAD 2.24 basic per share against CAD 1,330 million or CAD 1.89 basic per share a year ago. Funds generated from operations were CAD 4,000 million against CAD 3,284 million a year ago. Net cash provided by operations was CAD 3,674 million against CAD 3,571 million a year ago. The strong year-over-year growth in cash flow and earnings were primarily due to the return to an 8-unit operational nuclear site at Bruce Power, the first time all 8 reactors have run for a couple of decades. Capital expenditures were CAD 4,461 million against CAD 2,595 million a year ago. EBITDA was CAD 4,958 million against CAD 4,224 million a year ago. Comparable EBIT was CAD 3,387 million against CAD 2,870 million a year ago. Income before income taxes was CAD 2,522 million against CAD 1,938 million a year ago. The strong year-over-year results reflect a return to an eight unit site at Bruce Power, higher Western Power volumes, an increase in New York capacity prices, growth in its NGTL system, and a higher Canadian Mainline return on equity. For the quarter, the company reported sales volumes were 4,328 GWh against 3,639 GWh a year ago. Western Power plant availability was 96% against 97% a year ago. Eastern Power plant availability was 90% against 93% a year ago. For the year, the company reported sales volumes were 14,786 GWh against 14,027 GWh a year ago. Western Power plant availability was 95% against 96% a year ago. Eastern Power plant availability was 90% against 90% a year ago. The overall plant availability percentage in 2014 is expected to be in the high 80s for both Bruce A and Bruce B. Planned maintenance on a Bruce A unit is scheduled to occur in the first half of 2014. Planned maintenance on two Bruce B units is scheduled to occur in first and fourth quarters 2014. The addition of approximately CAD 4 billion of new capital projects in 2014 is expected to positively impact future earnings will be partially offset by expectations of lower prior prices and lower natural gas storage spreads in Alberta.

TransCanada Corp. Declares Quarterly Dividend for the Quarter Ending March 31, 2014; Announces Executive Changes

TransCanada Corp. declared a quarterly dividend of $0.48 per share for the quarter ending March 31, 2014 on outstanding common shares. The quarterly amount is equivalent to $1.92 per common share on an annualized basis and represents a 4% increase over the previous amount. The company also announced that effective February 28, 2014, Greg Lohnes, Executive Vice-President, Operations and Major Projects and Sean McMaster, Executive Vice-President, Stakeholder Relations, General Counsel and Chief Compliance Officer will retire from the company. The company said that effective March 1, 2014, Alex Pourbaix is appointed Executive Vice-President and President, Development; Paul Miller is appointed Executive Vice-President and President, Liquids Pipelines; Bill Taylor is appointed Executive Vice-President and President, Energy; James Baggs is appointed Executive Vice-President, Operations and Engineering; and Kristine Delkus is appointed Executive Vice-President, General Counsel and Chief Compliance Officer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TRP:US $46.57 USD -0.13

TRP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apache Corp $85.11 USD +0.94
Devon Energy Corp $70.70 USD +0.84
Kinder Morgan Energy Partners LP $77.49 USD -0.83
Kinder Morgan Inc/DE $33.77 USD +0.46
Williams Cos Inc/The $41.79 USD +0.51
View Industry Companies
 

Industry Analysis

TRP

Industry Average

Valuation TRP Industry Range
Price/Earnings 20.4x
Price/Sales 4.0x
Price/Book 2.1x
Price/Cash Flow 10.7x
TEV/Sales 0.6x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TRANSCANADA CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.