TC PipeLines LP (TCP) Reports In-Line Q4 EPS

TC PipeLines LP (NYSE: TCP) reported Q4 EPS of $1.01, in-line with the analyst estimate of $1.01.

“The Partnership’s diversified portfolio of regulated, long-term contracted assets performed well in 2020 and generated solid operational results,” said Nathan Brown, president of TC PipeLines, GP Inc. "With the COVID-19 pandemic front and center, our energy transportation services were deemed essential given the critical role our assets play in the functioning of the North American economy. Our operating assets have been largely unimpacted and we continue to deliver our services with employee health and safety as paramount values. Our positive results underscore the resilience and stability of our business.”

“We also continued to progress our suite of capital projects. Phase III of PNGTS’s Portland XPress project was placed into service on November 1 as planned and our other projects are proceeding as scheduled,” concluded Brown.

For earnings history and earnings-related data on TC PipeLines LP (TCP) click here.

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