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Last C$57.35 CAD
Change Today +0.21 / 0.37%
Volume 868.0K
TRP On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 4:00 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Snapshot

Open
C$57.22
Previous Close
C$57.14
Day High
C$57.49
Day Low
C$57.02
52 Week High
09/19/14 - C$63.86
52 Week Low
10/15/14 - C$49.30
Market Cap
40.7B
Average Volume 10 Days
1.5M
EPS TTM
C$2.41
Shares Outstanding
708.9M
EX-Date
03/27/15
P/E TM
23.8x
Dividend
C$2.08
Dividend Yield
3.42%
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, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates natural gas pipelines and regulated natural gas storage facilities. This segment transports natural gas to local distribution companies, power generation facilities, and other businesses. The Liquids Pipelines segment owns and operates Keystone pipeline system comprising 4,247 kilometers transporting crude oil from Hardisty, Alberta to Wood River and Patoka in Illinois; Cushing, Oklahoma; and Port Arthur, Texas. This segment also operates Cushing Marketlink that transports crude oil from the market hub at Cushing, Oklahoma to the U.S. Gulf Coast refining market. The Energy segment owns and operates 19 electrical power generation plants; and 2 non-regulated natural gas storage facilities in Alberta, Ontario, Québec, New Brunswick, New York, New England, and Arizona. This segment is involved in owning, controlling, or developing generation capacity powered by natural gas, nuclear, coal, hydro, wind, and solar assets. As of February 13, 2015, it operated a network of natural gas pipelines that covers approximately 68,500 kilometers; had approximately 400 billion cubic feet of storage capacity; and owned or had interests in approximately 11,900 megawatts of power generation. TransCanada Corporation was founded in 1951 and is headquartered in Calgary, Canada.

6,059 Employees
Last Reported Date: 02/13/15
Founded in 1951

transcanada corp (TRP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$1.3M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$527.5K
Executive Vice-President and President of Nat...
Total Annual Compensation: C$537.5K
President of Development and Executive Vice P...
Total Annual Compensation: C$796.7K
Executive Vice-President of Corporate Service...
Total Annual Compensation: C$466.7K
Compensation as of Fiscal Year 2014.

transcanada corp (TRP) Key Developments

Transcanada Reports Prince Rupert Gas Transmission Deal with Kitselas First Nation

TransCanada reported that Prince Rupert Gas Transmission Ltd. (PRGT) has confirmed a Project Agreement with the Kitselas First Nation of northern B.C. Specifically, the Project Agreement provides annual legacy payments for the duration of the commercial operation of the pipeline, plus immediate benefits on signing, and at other key project milestones. PRGT is proposing to design, build, own and operate (subject to required regulatory and commercial approvals) a 900 kilometre natural gas pipeline to deliver natural gas from a point near Hudson's Hope to the proposed Pacific NorthWest LNG facility at Lelu Island, off the coast of Port Edward, near Prince Rupert.

TransCanada Corporation's North Montney Mainline Project Receives NEB Recommendation for Approval

TransCanada Corporation announced that the National Energy Board (NEB) has issued its report recommending the federal government approve the company's proposed $1.7 billion North Montney Mainline project. The proposed North Montney Mainline project will provide substantial new capacity on the NGTL System to meet the transportation requirements associated with rapidly increasing development of natural gas resources in the Montney supply basin in northeastern B.C. The project will connect Montney and other Western Canadian Sedimentary Basin supply to both existing and new natural gas markets, notably emerging markets for LNG, and will generate long-term economic opportunities for B.C. and its northern communities. The NEB also approved the applied-for rolled-in tolling design for the project costs during a transition period, subject to certain conditions which TransCanada is reviewing. Following the transition period, TransCanada will have the option of applying to the Board for a revised tolling methodology, or will have the option of implementing stand-alone tolling on the project. TransCanada will engage its shippers to determine an appropriate approach that best meets market requirements. The project will consist of two large diameter, 42 inch pipeline sections, Aitken Creek and Kahta, totaling approximately 301 kilometres (187 miles) in length, and associated metering facilities, valve sites and compression facilities. The project will also include an interconnection with TransCanada's proposed Prince Rupert Gas Transmission project to provide natural gas supply to the proposed Pacific NorthWest (PNW) LNG liquefaction and export facility near Prince Rupert, B.C. Subject to certain conditions, NGTL expects to have the Aitken Creek Section in service in 2016, and the Kahta Section in service in 2017. The initial capacity of the North Montney Mainline will allow the shipment of approximately 2.4 billion cubic feet/day (bcf/d) of natural gas. Progress Energy Canada Ltd., a subsidiary of the Malaysian integrated energy company, PETRONAS, has contracted for 2.0 bcf/d of firm receipt service and 2.1 bcf/d of firm delivery service. Other producers have signed contracts for 78 million cubic feet/day, and NGTL is also continuing discussions with other parties that have expressed interest in obtaining transportation services that would utilize the North Montney Mainline facilities.

TransCanada and Magellan Midstream to Partner on $50 Million Project Connecting Gulf Coast Terminals

TransCanada Corp. was partnering with Magellan Midstream Partners LP (MMP) on a $50 million project connecting TRP's new tank terminal in Houston with MMP's terminal nine miles away in East Houston. The companies plan to build a 24-inch diameter pipeline, sharing equal ownership stakes and providing TRP's Keystone and Marketlink shippers access to MMG's distribution system in Houston and Texas City. TRP plans to finish work on its tank terminal in Houston later this year. The new pipeline is slated for completion by late 2016. MMG is expected to develop additional infrastructure at its East Houston terminal to accommodate incoming crude oil from the new pipeline. It also will serve as construction manager and operator of the pipeline.

 

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Industry Analysis

TRP

Industry Average

Valuation TRP Industry Range
Price/Earnings 22.3x
Price/Sales 3.8x
Price/Book 2.3x
Price/Cash Flow 11.2x
TEV/Sales 0.6x
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