TransCanada (TRP) Q3 Earnings Beat On US Gas Pipelines Unit
Zacks Investment Research | Nov 12, 2018 09:05PM ET
TransCanada Corporation (TO:TRP) reported third-quarter 2018 comparable earnings of 76 cents per share, comfortably surpassing the Zacks Consensus Estimate of 59 cents. The outperformance primarily stemmed from strength in the company’s expansion projects in U.S. gas pipelines and liquids segments. Further, the bottom line improved from the year-ago figure of 56 cents per share. However, TransCanada’s revenues of C$3,156 million recorded a slight deterioration from the year-ago figure of C$3,195 million.
Nonetheless, the company reported comparable EBITDA of C$2,056 million during the quarter, up from $1,667 million incurred in the year-ago period.
Comparable distributable cash flow in the third quarter was C$1,413 million (C$1.56 per share) compared with C$1,170 million (C$1.34 per share) in the corresponding period of 2017.
TransCanada Corporation Price, Consensus and EPS Surprise
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