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Last $63.90 USD
Change Today -1.49 / -2.28%
Volume 143.2K
TCP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

tc pipelines lp (TCP) Snapshot

Open
$65.60
Previous Close
$65.39
Day High
$65.98
Day Low
$63.34
52 Week High
11/21/14 - $80.46
52 Week Low
06/20/14 - $47.52
Market Cap
4.1B
Average Volume 10 Days
124.6K
EPS TTM
$2.65
Shares Outstanding
63.8M
EX-Date
05/1/15
P/E TM
24.1x
Dividend
$3.36
Dividend Yield
5.27%
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 Presents at NAPTP 2015 MLP Investor Conference, May-20-2015 04:00 PM

TC PipeLines, LP Presents at NAPTP 2015 MLP Investor Conference, May-20-2015 04:00 PM. Venue: Hyatt Regency, Orlando, Florida, United States. Speakers: Steven D. Becker, Principal Executive Officer of TC Pipelines GP Inc, President of TC Pipelines GP Inc and Director of TC Pipelines GP Inc.

TC PipeLines, LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

TC PipeLines, LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s transmission revenues were $87 million against $87 million a year ago. Net income was $64 million against $67 million a year ago. Net income attributable to controlling interests was $57 million against $57 million a year ago. Net income attributable to controlling interests allocation on common units was $56 million against $56 million a year ago. Net income attributable to controlling interests allocation on general partner was $1 million against $1 million a year ago. Net income per common unit – basic and diluted was $0.88 against $0.90 a year ago. Cash flows provided by the Partnership's wholly-owned subsidiaries' operating activities was $29 million against $13 million a year ago. Cash flows were $66 million against $60 million a year ago. The increase in cash flows was primarily due to the increased cash flow provided by the Partnership’s wholly-owned subsidiaries’ as a result of the acquisition of the remaining 30% interest of Bison in October 2014.

TC PipeLines, LP Declares Dividend for the First Quarter 2015 Payable on May 15, 2015

On April 23, 2015, TC PipeLines, LP announced that the board of directors of TC PipeLines GP Inc. declared the Partnership's first quarter 2015 cash distribution of $0.84 per common unit. The distribution is unchanged from the fourth quarter 2014 distribution and represents a 3.7% increase from the $0.81 per common unit paid in first quarter 2014. This cash distribution is the 64th consecutive quarterly distribution paid by the Partnership and is payable on May 15, 2015 to unit holders of record at the close of business on May 5, 2015.

 

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Industry Analysis

TCP

Industry Average

Valuation TCP Industry Range
Price/Earnings 24.5x
Price/Sales 9.9x
Price/Book 3.1x
Price/Cash Flow 16.4x
TEV/Sales 3.5x
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