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Last $54.74 USD
Change Today +0.43 / 0.79%
Volume 92.4K
TCP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

tc pipelines lp (TCP) Snapshot

Open
$54.23
Previous Close
$54.31
Day High
$56.38
Day Low
$53.69
52 Week High
11/21/14 - $80.46
52 Week Low
08/6/15 - $47.88
Market Cap
3.5B
Average Volume 10 Days
154.0K
EPS TTM
$2.73
Shares Outstanding
64.0M
EX-Date
07/31/15
P/E TM
20.1x
Dividend
$3.56
Dividend Yield
6.22%
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 natural gas interstate pipeline systems, through which it transports approximately 8.9 billion cubic feet natural gas per day from producing regions and import facilities to market hubs and consuming markets primarily in the Western and Midwestern United States. It serves large utilities, local distribution companies, and 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 at TC PipeLines GP...
Total Annual Compensation: $129.6K
Compensation as of Fiscal Year 2014.

tc pipelines lp (TCP) Key Developments

TC PipeLines, LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

TC PipeLines, LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s transmission revenues were $85 million against $82 million a year ago. Net income was $44 million against $45 million a year ago. Net income attributable to controlling interests was $44 million against $37 million a year ago. Net income attributable to controlling interests allocation common units was $42 million against $36 million a year ago. Basic and diluted net income per common unit was $0.66 against $0.58 a year ago. This increase was primarily due to increased earnings resulting from the acquisitions of the remaining 30% interest of each of Bison in October 2014 and GTN in April 2015. Partnership cash flows increased to $93 million in the second quarter of 2015 compared to $77 million in the same period of 2014. The increase was primarily due to increased cash flow as a result of the acquisitions of the remaining 30% interests in the Bison and GTN pipelines. For the six months, the company’s transmission revenues were $172 million against $169 million a year ago. Net income was $108 million against $112 million a year ago. Net income attributable to controlling interests was $101 million against $94 million a year ago. Net income attributable to controlling interests allocation common units was $98 million against $92 million a year ago. Basic and diluted net income per common unit was $1.53 against $1.48 a year ago.

TC PipeLines, LP Announce Second Quarter 2015 Cash Distribution, Payable on August 14, 2015

On July 23, 2015, TC PipeLines, LP announced a second quarter 2015 cash distribution of $0.89 per common unit payable on August 14, 2015 to common unit holders of record on August 4, 2015.

TC PipeLines Seeks Acquisitions

TC PipeLines, LP (NYSE:TCP) is seeking acquisitions. Steve Becker, President of TC PipeLines, GP, Inc., said, "With our anticipated growth through acquisitions, we expect to increase the distribution at this rate or higher for at least the next two to three years."

 

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TCP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Boardwalk Pipeline Partners LP $13.70 USD +0.28
MPLX LP $49.99 USD +0.36
Questar Corp $19.63 USD +0.65
Teekay LNG Partners LP $27.01 USD +0.88
Valero Energy Partners LP $50.00 USD +1.08
View Industry Companies
 

Industry Analysis

TCP

Industry Average

Valuation TCP Industry Range
Price/Earnings 19.9x
Price/Sales 8.3x
Price/Book 2.8x
Price/Cash Flow 13.5x
TEV/Sales 3.6x
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