Last C$54.79 CAD
Change Today +0.62 / 1.14%
Volume 3.0M
TRP On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 4:36 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Snapshot

Open
C$53.93
Previous Close
C$54.17
Day High
C$55.03
Day Low
C$53.88
52 Week High
09/19/14 - C$63.86
52 Week Low
03/3/14 - C$48.50
Market Cap
38.8B
Average Volume 10 Days
2.8M
EPS TTM
C$2.41
Shares Outstanding
708.7M
EX-Date
03/27/15
P/E TM
22.7x
Dividend
C$2.08
Dividend Yield
3.50%
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 and Direct...
Total Annual Compensation: C$1.3M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$505.8K
Executive Vice-President and President of Nat...
Total Annual Compensation: C$473.3K
President of Development and Executive Vice P...
Total Annual Compensation: C$777.5K
Compensation as of Fiscal Year 2013.

transcanada corp (TRP) Key Developments

Morgan Stanley Reportedly Seeks Bids for Southern Star Pipeline

Morgan Stanley Infrastructure Inc. is reported to be procuring buyer for Southern Star Central Corp. According to people familiar with the matter, Morgan Stanley Infrastructure has recently sent offering documents to a number of potential buyers which includes Tallgrass Energy Partners, LP (NYSE:TEP), TransCanada Corp. (TSX:TRP), The Williams Companies, Inc., Spectra Energy Corp. (NYSE:SE), Boardwalk Pipeline Partners, LP (NYSE:BWP), Caisse de dépôt et placement du Québec and Macquarie Group Limited (ASX:MQG). Tudor, Pickering, Holt & Co., LLC is reported to be the investment bank working with Morgan Stanley Infrastructure in the sale of Southern Star Central Corp. Representatives for Morgan Stanley, Caisse de Depot, and Boardwalk declined to comment while Tudor Pickering, TransCanada, Tallgrass, Spectra, and Williams didn’t respond to calls.

TransCanada Announces Amendments to By-Law

TransCanada's Board of Directors approved further amendments to By-law Number 1, removing the maximum notice period to submit a notice of director nominations to TransCanada, in accordance with the most recent recommended guidelines for advance notice provisions. The amendments to By-law Number 1 are effective immediately and shareholders will be asked to ratify and confirm the amendments at the next meeting of shareholders, as required by the Canada Business Corporations Act.

TransCanada Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014; Declares Quarterly Dividends on Common and Preferred Shares for the First Quarter Ending March 31, 2015; Provides Earnings Guidance for the Full Year 2015

TransCanada Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2014. The company announced net income attributable to common shares for fourth quarter 2014 of $458 million or $0.65 per diluted share compared to $420 million or $0.59 per diluted share for the same period in 2013. Comparable earnings for fourth quarter 2014 were $511 million or $0.72 per common share compared to $410 million or $0.58 per common share for the same period last year. Comparable EBITDA was $1,521,000 against $1,291,000 for the same period of last year. Funds generated from operations were $1,178,000 against $1,083,000 for the same period of last year. Revenues were $2,616,000 against $2,332,000 for the same period of last year. Income before income taxes was $732,000 against $685,000 for the same period of last year. Net cash provided by operations was $1,190,000 against $1,009,000 for the same period of last year. Capital expenditures was $1,128,000 against $1,311,000 for the same period of last year. Capital projects under development were $330,000 against $297,000 for the same period of last year. For the year ended December 31, 2014, net income attributable to common shares was $1.7 billion or $2.46 per diluted share compared to $1.7 billion or $2.42 per diluted share in 2013. For the year ended December 31, 2014, comparable earnings were $1.7 billion or $2.42 per common share compared to $1.6 billion or $2.24 per common share in 2013. Comparable EBITDA was $5,521,000 against $4,859,000 for the same period of last year. Funds generated from operations were $4,268,000 against $4,000,000 for the same period of last year. Revenues were $10,185,000 against $8,797,000 for the same period of last year. Income before income taxes was $2,824,000 against $2,522,000 for the same period of last year. Net cash provided by operations was $4,079,000 against $3,674,000 for the same period of last year. Capital expenditures was $3,550,000 against $4,264,000 for the same period of last year. Capital projects under development were $807,000 against $488,000 for the same period of last year. The company's board of directors declared a quarterly dividend of $0.52 per common share for the quarter ending March 31, 2015, equivalent to $2.08 per common share on an annualized basis. This is an increase of 8% over the $0.48 dividend per share paid in each of the previous four quarters. The common share dividend is payable on April 30, 2015, to shareholders of record at the close of March 31, 2015. The Board also declared the following regular dividends on its preferred shares: A quarterly dividend of $0.204125 per share for the period up to but excluding March 31, 2015, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on March 31, 2015, to shareholders of record at the close of business on March 2, 2015. A quarterly dividend of $0.173527 per share for the period up to but excluding March 31, 2015, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 2. The dividend is payable on March 31, 2015, to shareholders of record at the close of business on March 2, 2015. A quarterly dividend of $0.25 per share for the period up to but excluding March 31, 2015, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 3. The dividend is payable on March 31, 2015, to shareholders of record at the close of business on March 2, 2015. A quarterly dividend of $0.275 per share for the period up to but excluding April 30, 2015, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 5. The dividend is payable on April 30, 2015, to shareholders of record at the close of business on March 31, 2015. A quarterly dividend of $0.25 per share for the period up to but excluding April 30, 2015, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 7. The dividend is payable on April 30, 2015, to shareholders of record at the close of business on March 31, 2015. A quarterly dividend of $0.265625 per share for the period up to but excluding April 30, 2015, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 9. The dividend is payable on April 30, 2015, to shareholders of record at the close of business on March 31, 2015. These dividends are designated by TransCanada to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents. The company expects to generate higher earnings in 2015 and continue to advance portfolio of capital projects that will underpin significant growth over the course of the next several years. In terms of planned capital expenditures and equity investments, the company currently expects to invest approximately $6 billion in 2015, primarily related to NGTL System expansions, the Canadian Mainline, Mexico pipelines, Energy East, regional Alberta liquids pipeline projects and the Napanee power project.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TRP:CN C$54.79 CAD +0.62

TRP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Crestwood Midstream Partners LP $14.98 USD +0.42
Elecnor SA €9.00 EUR 0.00
Niska Gas Storage Partners LLC $1.70 USD -0.09
Samsung Engineering Co Ltd 42,000 KRW -2,300.00
Targa Resources Corp $99.58 USD +2.06
View Industry Companies
 

Industry Analysis

TRP

Industry Average

Valuation TRP Industry Range
Price/Earnings 19.1x
Price/Sales 3.3x
Price/Book 2.0x
Price/Cash Flow 0.1x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TRANSCANADA CORP, please visit www.transcanada.com. 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.