Last $65.64 USD
Change Today +2.31 / 3.65%
Volume 150.3K
TCP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

tc pipelines lp (TCP) Snapshot

Open
$62.89
Previous Close
$63.33
Day High
$65.87
Day Low
$62.80
52 Week High
11/21/14 - $80.46
52 Week Low
03/4/14 - $45.57
Market Cap
4.2B
Average Volume 10 Days
158.6K
EPS TTM
$2.67
Shares Outstanding
63.6M
EX-Date
01/30/15
P/E TM
24.6x
Dividend
$3.36
Dividend Yield
5.07%
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: $99.3K
Principal Financial Officer of Tc Pipelines G...
Total Annual Compensation: $70.5K
Treasurer of TC Pipelines GP Inc
Total Annual Compensation: $140.7K
Vice-President of TC Pipelines GP Inc and Gen...
Total Annual Compensation: $157.3K
Vice President of Taxation - TC PipeLines GP ...
Total Annual Compensation: $129.6K
Compensation as of Fiscal Year 2014.

tc pipelines lp (TCP) Key Developments

TransCanada Mulls To Divest Its Interest In US Natural Gas Pipelines

TransCanada Corp. (TSX:TRP) plans to divest its interest in US natural gas pipelines which include 44.5% in Iroquois; 61.7% in Portland; 100% in ANR; and 53.6% in Great Lakes, to TC PipeLines, LP (NYSE:TCP). TransCanada, through its subsidiaries, owns 28% stake in TC PipeLines, which aims to acquire, own and participate in the management of US natural gas pipelines and related assets.

TransCanada Agrees to Sell Remaining 30% Interest in GTN to TC PipeLines, LP for Total USD 446 Million

TransCanada Agrees to sell remaining 30% interest in GTN to TC PipeLines, LP for total USD 446 million.

TC PipeLines, LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

TC PipeLines, LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported transmission revenues of $87 million against $88 million a year ago. Net income was $53 million against $50 million a year ago. Basic and diluted earnings per share were $0.71 against $0.63 a year ago. The partnership generated cash flows of $57 million in the fourth quarter and net income of $47 million. The increase in net income was primarily the result of now owning 100% of Bison for the entire fourth quarter and generating higher equity earnings from Great Lakes. These results also reflect the solid performance of portfolio of pipeline assets, where customers pay for the capacity reserve regardless of their utilization. For the year, the company reported transmission revenues of $336 million against $341 million a year ago. Net income was $204 million against $191 million a year ago. Basic and diluted earnings per share were $2.67 against $2.13 a year ago.

 

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TCP Competitors

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Company Last Change
Boardwalk Pipeline Partners LP $16.19 USD +0.01
EQT Midstream Partners LP $83.81 USD +2.01
Suburban Propane Partners LP $44.45 USD +0.44
Summit Midstream Partners LP $34.45 USD +0.83
Tallgrass Energy Partners LP $48.23 USD +1.29
View Industry Companies
 

Industry Analysis

TCP

Industry Average

Valuation TCP Industry Range
Price/Earnings 23.6x
Price/Sales 9.5x
Price/Book 2.5x
Price/Cash Flow 15.8x
TEV/Sales -- Not Meaningful
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