Last $53.78 USD
Change Today -0.08 / -0.15%
Volume 881.1K
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Snapshot

Open
$53.92
Previous Close
$53.86
Day High
$54.05
Day Low
$53.37
52 Week High
08/29/14 - $54.05
52 Week Low
01/31/14 - $42.21
Market Cap
38.1B
Average Volume 10 Days
1.5M
EPS TTM
--
Shares Outstanding
707.9M
EX-Date
09/26/14
P/E TM
--
Dividend
$1.92
Dividend Yield
3.27%
Current Stock Chart for TRANSCANADA CORP (TRP)

transcanada corp (TRP) Details

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates natural gas pipelines and regulated natural gas storage facilities. The Oil Pipelines segment owns and operates Keystone crude oil pipeline system comprising 4,247 kilometers transporting crude oil from Hardisty, Alberta to Wood River and Patoka in Illinois; to Cushing in Oklahoma; and to the U.S. Gulf Coast refining market. The Energy segment owns and operates electrical power generation plants and non-regulated natural gas storage facilities. As of February 21, 2014, the company operated through a network of approximately 68,500 kilometers of natural gas pipelines; and 400 billion cubic feet of gas storage capacity, as well as owned or had interests in approximately 11,800 megawatts of power generation in Canada and the United States. TransCanada Corporation was founded in 1951 and is headquartered in Calgary, Canada.

transcanada corp (TRP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$505.8K
Executive Vice President and President of Nat...
Total Annual Compensation: C$473.3K
President of Development and Executive Vice P...
Total Annual Compensation: C$777.5K
Compensation as of Fiscal Year 2013.

transcanada corp (TRP) Key Developments

TransCanada Corporation Declares Quarterly Common Dividend, Payable on October 31, 2014; Declares Quarterly Preferred Dividends, Payable on September 30, 2014 and October 30, 2014

TransCanada Corporation announced that the board of directors of TransCanada declared a quarterly dividend of $0.48 per common share for the quarter ending September 30, 2014, on the company's outstanding common shares. The common share dividend is payable on October 31, 2014, to shareholders of record at the close of business on September 30, 2014. The board also declared the regular dividends on TransCanada's preferred shares. A quarterly dividend of $0.2875 per share for the period up to but excluding September 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on September 30, 2014, to shareholders of record at the close of business on September 2, 2014. A quarterly dividend of $0.25 per share for the period up to but excluding September 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 3. The dividend is payable on September 30, 2014, to shareholders of record at the close of business on September 2, 2014. A quarterly dividend of $0.275 per share for the period up to but excluding October 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 5. The dividend is payable on October 30, 2014, to shareholders of record at the close of business on September 30, 2014. A quarterly dividend of $0.25 per share for the period up to but excluding October 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 7. The dividend is payable on October 30, 2014, to shareholders of record at the close of business on September 30, 2014. A quarterly dividend of $0.265625 per share for the period up to but excluding October 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 9. The dividend is payable on October 30, 2014, to shareholders of record at the close of business on September 30, 2014.

TransCanada Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Effective Tax Rate Guidance for the Full Year of 2014

TransCanada Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to common shares of CAD 416 million or CAD 0.59 per basic and diluted share compared to CAD 365 million or CAD 0.52 per basic and diluted share for the same period in 2013. Comparable earnings were CAD 332 million or CAD 0.47 per share compared to CAD 357 million or CAD 0.51 per share for the same period last year. Higher earnings from Keystone and Mexican Pipelines were more than offset by lower contributions from Western Power and Bruce Power. Revenue was CAD 2,234 million compared to CAD 2,009 million reported a year ago. Comparable earnings decreased by CAD 25 million compared to the same period in 2013, a decrease of CAD 0.04 per share. This was primarily the net effect of the incremental earnings from the Gulf Coast extension of the Keystone Pipeline System; lower earnings from Western Power as a result of lower realized power prices; lower equity income from Bruce Power mainly due to increased planned and unplanned outage days at Bruce A, partially offset by fewer outage days at Bruce B and higher earnings from Mexico pipelines resulting from contract revenues recognized from the Tamazunchale Extension. Income before income taxes was CAD 637 million compared to CAD 506 million reported a year ago. Comparable EBIT was CAD 818 million compared to CAD 787 million reported a year ago. Comparable EBITDA was CAD 1.2 billion compared to CAD 1.14 billion reported a year ago. Funds generated from operations were CAD 917 million compared to CAD 955 million reported a year ago. Net cash provided by operations was CAD 1,119 million compared to CAD 841 million reported a year ago. Capital expenditures were CAD 967 million compared to CAD 1,109 million reported a year ago. Income before income taxes was CAD 637 million compared to CAD 506 million reported a year ago. EBITDA was CAD 1,279 million compared to CAD 1,125 million reported a year ago. For the six months, the company reported net income attributable to common shares of CAD 828 million or CAD 1.17 per basic and diluted share compared to CAD 811million or CAD 1.15 per basic and diluted share for the same period in 2013. Comparable earnings were CAD 754 million or CAD 1.07 per share compared to CAD 727 million or CAD 1.03 per share for the same period last year. Comparable earnings increased by CAD 27 million for the six months ended June 30, 2014 compared to the same period in 2013, an increase of CAD 0.04 per share. This was primarily the net effect of incremental earnings from the Gulf Coast extension of the Keystone Pipeline System; lower earnings from Western Power as a result of lower realized power prices; higher earnings from U.S. Power mainly because of higher realized capacity and power prices; higher earnings from Mexico pipelines resulting from contract revenues recognized from the Tamazunchale Extension and higher earnings from U.S. natural gas pipelines due to higher transportation revenues at Great Lakes and higher contributions from TC PipeLines, LP reflecting colder winter weather and increased demand. Revenue was CAD 5,118 million compared to CAD 4,261 million reported a year ago. Income before income taxes was CAD 1,347 million compared to CAD 1,113 million reported a year ago. EBITDA was CAD 2,664 million compared to CAD 2,344 million reported a year ago. Comparable EBIT was CAD 1,821 million compared to CAD 1,601 million reported a year ago. Comparable EBITDA was CAD 2.61 billion compared to CAD 2.31 billion reported a year ago. Funds generated from operations were CAD 2,019 million compared to CAD 1,871 million reported a year ago. Net cash provided by operations was CAD 2,098 million compared to CAD 1,547 million reported a year ago. Capital expenditures were CAD 1,745 million compared to CAD 2,038 million reported a year ago. The company provided effective tax rate guidance for 2014. Excluding Canadian regulatory flow-through pipelines, the effective tax rate in 2014 is expected to be in the 27% to 28% range.

TransCanada Receives Regulatory Approval for Northern Courier Pipeline Project

TransCanada Corporation announced that the Alberta Energy Regulator has approved TransCanada's application to construct and operate the Northern Courier Pipeline Project (Northern Courier). TransCanada was selected by Fort Hills Energy LP to design, build, own and operate the $800 million Northern Courier Pipeline Project, which is fully contracted under a long-term agreement. The approximately 90-kilometre (56-mile) pipeline system will transport bitumen and diluent products between the Fort Hills mine and bitumen extraction facility and Suncor's East Tank Farm, located north of Fort McMurray, Alberta. Northern Courier will consist of a 24-inch diameter insulated steel pipeline to transport bitumen, and a 12-inch diameter steel pipeline to transport diluent.

 

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