Last $75.57 USD
Change Today +0.32 / 0.43%
Volume 7.0M
TCP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

tc pipelines lp (TCP) Snapshot

Open
$76.94
Previous Close
$75.25
Day High
$80.46
Day Low
$74.06
52 Week High
11/21/14 - $80.46
52 Week Low
12/10/13 - $43.06
Market Cap
4.8B
Average Volume 10 Days
1.1M
EPS TTM
$2.59
Shares Outstanding
63.6M
EX-Date
10/31/14
P/E TM
29.2x
Dividend
$3.36
Dividend Yield
4.36%
Current Stock Chart for TC PIPELINES LP (TCP)

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tc pipelines lp (TCP) Details

TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company owns interests in six federally regulated the United States interstate natural gas pipelines, which serve markets primarily in the Western and Midwestern United States. Its pipelines transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities. The company primarily serves generally large utilities, local distribution companies, and major natural gas marketers and producing companies. TC PipeLines GP, Inc. operates as a general partner of the company. TC PipeLines, LP was founded in 1998 and is based in Houston, Texas.

Founded in 1998

tc pipelines lp (TCP) Top Compensated Officers

Principal Executive Officer of TC Pipelines G...
Total Annual Compensation: $108.9K
Treasurer of TC Pipelines GP Inc
Total Annual Compensation: $151.9K
Vice-President of TC Pipelines GP Inc and Gen...
Total Annual Compensation: $180.2K
Vice President of Taxation - TC PipeLines GP ...
Total Annual Compensation: $138.6K
Compensation as of Fiscal Year 2013.

tc pipelines lp (TCP) Key Developments

TC PipeLines, LP Declares Cash Distribution for Third Quarter of 2014, Payable on November 14

TC PipeLines, LP declared third quarter 2014 cash distribution of $0.84 per common unit payable on November 14, 2014 to unit holders of record as of the close of business on November 4, 2014.

TC PipeLines, LP Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

TC PipeLines, LP reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported transmission revenues of $80 million compared to $85 million a year ago. Net income was $39 million or $0.48 per basic and diluted share compared to $46 million or $0.58 per basic and diluted share a year ago. This decrease was primarily due to lower net income from GTN primarily due to lower transportation revenue and higher Partnership expenses primarily due to the costs relating to the Bison Acquisition. Cash flows were $57 million compared to $58 million a year ago. This decrease was due to a decrease in Other Pipes' net income partially offset by higher cash distributions from pipeline investments. For the nine months period, the company reported transmission revenues of $249 million compared to $253 million a year ago. Net income was $151 million or $1.96 per basic and diluted share compared to $141 million or $1.50 per basic and diluted share a year ago. Cash flows were $195 million compared to $142 million a year ago.

TC PipeLines, LP to Report Q3, 2014 Results on Oct 24, 2014

TC PipeLines, LP announced that they will report Q3, 2014 results at 10:00 AM, Central Standard Time on Oct 24, 2014

 

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TCP:US $75.57 USD +0.32

TCP Competitors

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Company Last Change
Boardwalk Pipeline Partners LP $17.25 USD +0.03
EQT Midstream Partners LP $91.13 USD +1.27
NuStar Energy LP $61.02 USD +0.95
Summit Midstream Partners LP $46.29 USD -0.18
Tallgrass Energy Partners LP $43.69 USD +0.19
View Industry Companies
 

Industry Analysis

TCP

Industry Average

Valuation TCP Industry Range
Price/Earnings 28.6x
Price/Sales 11.0x
Price/Book 3.5x
Price/Cash Flow 19.0x
TEV/Sales 6.3x
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