Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $42.75 USD
Change Today -0.62 / -1.43%
Volume 700.5K
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Key Developments

TransCanada Announces Project Agreement with Lake Babine Nation

TransCanada (TransCanada) announced that its Prince Rupert Gas Transmission project (PRGT) has entered into a Project Agreement with the Lake Babine Nation of northern B.C. that provides the Nation with financial and other benefits related to the pipeline project. The Project Agreement will provide annual legacy payments for the duration of the commercial operation of the pipeline, plus immediate benefits on signing, and at other key project milestones.

TransCanada Corp. Approves Amendments to By-law

TransCanada Corp. approved to amendments to By-law Number 1 and amendment to the articles of company at its AGM held on May 1, 2015.

Transcanada Corp. Proposes to Amend the Articles

TransCanada Corp. announced that at the AGM to be held on May 1, 2015, the shareholders to consider to amend the Articles to reduce the minimum number of directors from 10 to 8 and reduce the maximum number of directors from 20 to 15.

TransCanada Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Year 2015

TransCanada reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenues were CAD 2.87 billion down from CAD 2.88 billion a year ago. On a GAAP basis, the company reported net income attributable to common shareholders of CAD 387 million or CAD 0.55 per share, compared to CAD 412 million or CAD 0.58 per share for the same period in 2014. Funds generated from operations was CAD 1.153 billion against CAD 1.102 billion a year ago. Capital expenditures were CAD 806 million against CAD 744 million a year ago. Comparable EBITDA were CAD 1.531 billion against CAD 1.396 billion a year ago. Income before income taxes was CAD 676 million against CAD 710 million a year ago. Comparable earnings were CAD 465 million against CAD 422 million a year ago. This was primarily the net effect of incremental earnings from the Gulf Coast extension which was placed in service in January 2014 and higher volumes on the Keystone Pipeline System; higher earnings from U.S. Power mainly due to timing of earnings recognized on certain contracts in power marketing business; higher earnings from the Tamazunchale Extension which was placed in service in 2014; higher earnings from Eastern Power due to the sale of unused natural gas transportation, higher contractual earnings at Bécancour and incremental earnings from Ontario solar facilities acquired in 2014; lower earnings from Western Power as a result of lower realized power prices; lower earnings from Natural Gas Storage due to lower realized natural gas price spreads; higher interest expense from debt issuances, higher foreign exchange on interest related to U.S. dollar-denominated debt and lower capitalized interest on projects placed in service. Net cash provided by operations were CAD 760 million against CAD 979 million a year ago. The company said the earnings outlook for 2015 is expected to be consistent with what was previously included in its 2014 annual report.

TransCanada Corporation Declares Quarterly Dividends on Common and Preferred Shares for the Quarter Ending June 30, 2015

TransCanada Corporation announced that the Board of Directors of the company declared a quarterly dividend of $0.52 per common share for the quarter ending June 30, 2015, on the company's outstanding common shares. The common share dividend is payable on July 31, 2015, to shareholders of record at the close of June 30, 2015. The Board also declared the following regular dividends on the company's preferred shares: A quarterly dividend of $0.204125 per share for the period up to but excluding June 30, 2015, on the company's outstanding cumulative redeemable first preferred shares, series 1. The dividend is payable on June 30, 2015, to shareholders of record at the close of business on June 1, 2015. A quarterly dividend of $0.148778767 per share for the period up to but excluding June 30, 2015, on the company’s outstanding cumulative redeemable first preferred shares, series 2. The dividend is payable on June 30, 2015, to shareholders of record at the close of business on June 1, 2015. A quarterly dividend of $0.25 per share for the period up to but excluding June 30, 2015, on the company's outstanding cumulative redeemable first preferred shares, series 3. The dividend is payable on June 30, 2015, to shareholders of record at the close of business on June 1, 2015. A quarterly dividend of $0.275 per share for the period up to but excluding July 30, 2015 on the company's outstanding cumulative redeemable first preferred shares, series 5. The dividend is payable on July 30, 2015, to shareholders of record at the close of business on June 30, 2015. A quarterly dividend of $0.25 per share for the period up to but excluding July 30, 2015, on the company's outstanding cumulative redeemable first preferred shares, series 7. The dividend is payable on July 30, 2015, to shareholders of record at the close of business on June 30, 2015. A quarterly dividend of $0.265625 per share for the period up to but excluding July 30, 2015, on the company's outstanding cumulative redeemable first preferred shares, series 9. The dividend is payable on July 30, 2015, to shareholders of record at the close of business on June 30, 2015. An initial dividend of $0.2290 per share for the period commencing March 2, 2015 up to but excluding May 29, 2015, on the company's outstanding cumulative redeemable first preferred shares, series 11. The dividend is payable on May 29, 2015 to shareholders of record at the close of business on May 12, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TRP:US $42.75 USD -0.62

TRP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
American Electric Power Co Inc $56.01 USD -0.28
Canadian Natural Resources Ltd C$38.08 CAD 0.00
Sempra Energy $107.59 USD +0.12
Williams Cos Inc/The $51.32 USD +0.22
Williams Partners LP $55.85 USD -0.03
View Industry Companies
 

Industry Analysis

TRP

Industry Average

Valuation TRP Industry Range
Price/Earnings 22.7x
Price/Sales 3.8x
Price/Book 2.3x
Price/Cash Flow 11.2x
TEV/Sales 0.1x
 | 

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.