TC PipeLines (TCP) Q2 Earnings Miss By A Whisker, Down Y/Y

 | Aug 13, 2019 07:00AM ET

After posting positive earnings surprise in the trailing five quarters, TC PipeLines (NYSE:TCP) came up with weaker-than-expected results in second-quarter 2019. The firm reported earnings of 75 cents a share, missing the Zacks Consensus Estimate by a penny. Lower earnings from Northern Border and PNGTS pipelines were attributed to the underperformance. The bottom line decreased from $1.00 per unit recorded in the year-ago quarter.
Quarterly transmission revenues of $93 million compared unfavorably with $111 million recorded in second-quarter 2018 amid lower contribution from Bison Pipelines.

TC PipeLines, LP Price, Consensus and EPS Surprise

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