Last $52.87 USD
Change Today -0.26 / -0.49%
Volume 44.0K
As of 2:55 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

tc pipelines lp (TCP) Snapshot

Open
$53.41
Previous Close
$53.13
Day High
$54.00
Day Low
$52.69
52 Week High
07/25/14 - $55.86
52 Week Low
12/10/13 - $43.06
Market Cap
3.3B
Average Volume 10 Days
114.2K
EPS TTM
$2.69
Shares Outstanding
62.3M
EX-Date
08/1/14
P/E TM
19.7x
Dividend
$3.36
Dividend Yield
6.10%
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 the Second Quarter Ended June 30, 2014, Payable on August 14, 2014

TC PipeLines, LP announced cash distribution of $0.84 per common unit for the second quarter ended June 30, 2014. This is a $0.03 per common unit increase over the distribution paid in first quarter 2014 and represents a 3.7% increase for unit holders. Distribution is payable on August 14, 2014 to unit holders of record as of the close of business on August 5, 2014.

TC PipeLines, LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

TC PipeLines, LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s transmission revenues were $82 million against $82 million a year ago. Net income was $45 million against $42 million a year ago. Net income attributable to controlling interests was $37 million against $34 million a year ago. This increase was primarily due to higher equity earnings from Northern Border and Great Lakes. Net income attributable to controlling interests allocation common units was $36 million against $23 million a year ago. Basic and diluted net income per common unit was $0.58 against $0.40 a year ago. Partnership cash flows increased to $77 million in the second quarter of 2014 compared to $42 million in the same period of 2013. This increase was due to increased cash distributions from GTN and Bison of $25 million as a result of the 2013 acquisition and due to an increased cash distribution from Great Lakes. For the six months, the company’s transmission revenues were $169 million against $168 million a year ago. Net income was $112 million against $95 million a year ago. Net income attributable to controlling interests was $94 million against $78 million a year ago. Net income attributable to controlling interests allocation common units was $92 million against $51 million a year ago. Basic and diluted net income per common unit was $1.48 against $0.92 a year ago.

TC PipeLines, LP to Report Q2, 2014 Results on Jul 24, 2014

TC PipeLines, LP announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

 

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TCP:US $52.87 USD -0.26

TCP Competitors

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Company Last Change
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Industry Analysis

TCP

Industry Average

Valuation TCP Industry Range
Price/Earnings 19.8x
Price/Sales 7.7x
Price/Book 1.9x
Price/Cash Flow 13.0x
TEV/Sales -- Not Meaningful
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